Emerging market currencies tumbled, with the Indian rupee hitting a record low and the Russian rouble, the Indonesian rupiah and a host of others recording multi-year troughs. The rising tension stemming from Syria overshadowed the impact from positive data from the euro zone on the euro. The IFO German confidence survey showed business sentiment was at its highest level in 16 months but that had only a fleeting impact on the euro. “IFO beat expectations with both the current assessment and forward-looking expectations better than expected,” said Elsa Lignos, senior currency strategist at RBC Capital.” The effect was lost in the general safe haven rally, taking euro/dollar down to a low of $1.3322.” The euro was last down 0.2 against the dollar at $1.3340 while it was down 1 percent against the yen at 130.31 yen.
Forex Peace Army CEO Dmitri Chavkerov Warns Against Industry-wide Fraud from Unregulated Brokers and Other Forex Companies
The data came as the government stepped up to uncover illegal foreign exchange transactions as part of a broader effort to clamp down on tax evasion and money laundering that often involve high-profile Koreans in corporate and political spheres. Most of the cases found by the FSS breached the rule by choosing not to report the foreign exchange transaction to the bank, which is required by local forex law. The FSS said it has notified the tax and customs agencies here of 43 suspicious deals in relation to possible tax-dodging. It also said it expects the number of violators to rise as it will continue to run its task force on illegal foreign exchange transactions.
Forex: USD/CHF Technical Analysis – Watching for Upswing
Positive RSI divergence bolsters the case for an upside scenario. Near-term resistance is at 0.9290, the 23.6% Fibonacci retracement, with a break above that targeting the 38.2% level at 0.9378. Trend line support is now at 0.9162. Confirm your chart-based trade setups with the Technical Analyzer . Daily Chart – Created Using FXCM Marketscope 2.0 — Written by Ilya Spivak, Currency Strategist for Dailyfx.com To contact Ilya, e-mail email@example.com.
Illegal forex deals soar 26 pct in H1: regulator
Shortly after advertising this website, I started receiving emails from people, asking me to post their reviews.A I obliged, and the site started growing quickly. Eventually I offered my site visitors to give me their email address, so that I could share with them my trading views. At that time, all other forex signal providers charged money for their services, so my website became first in the world to provide free forex trading signals to people. Since 2005, that once small website changed its name twice, and is now known to the world as Forex Peace Army,” says Dmitri Chavkerov. It’s been 8 years, since Chavkerov founded Forex Peace Army, but according to him, there is still much fraud happening in the forex industry on regular basis. “Forex Peace Army has a section, which lists forex scams.
Forex – Dollar holds steady as market shrugs off weak data
The forex signals app, or application, is set up for users to get market updates and breaking news live on their mobile phone or tablet. The forex app includes live forex trading signals that cover over 8 currency pairs, such as the EUR/USD and GBP/USD, as well commodities like wheat and oil. “When people open their Samsung Galaxy 3 or Apple IPhone, they want instant information and access,” added CTO, Ali Khan. “The app stores allow us to get people up to the minute trading information without having to go through the process of going to the website and logging in.” The forex signal is off to a very strong start with users, getting a 4.2 rating out of 5 stars, by far the highest rating for any forex based app.
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Forex: AUD/USD Technical Analysis – Holding Long for Now
The Federal Reserve has said it will pay close attention to data before deciding on the fate of stimulus programs, and many investors were looking ahead to Thursday for the release of second-quarter GDP growth revisions and to next week’s release of the August jobs report. The greenback was down against the pound, with GBP/USD up 0.09% at 1.5582. The dollar was down against the yen, with USD/JPY down 0.28% at 98.45, and up against the Swiss franc, with USD/CHF trading up 0.04% at 0.9222. Bank of Japan Governor Haruhiko Kuroda said over the weekend that the bank’s aggressively loose monetary policies, including asset purchases, have started to boost the economy, which gave the yen support. The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.02% at 1.0500, AUD/USD up 0.09% at 0.9034 and NZD/USD trading up 0.60% at 0.7854.