foreign exchange

Shanghai Gold Exchange allows gold, other securities as collateral trading

The Shanghai Gold Exchange (SGE) has allowed using physical gold and other securities as collateral on futures contracts trading. The move is aimed at increasing volumes and attracting investors from other markets.

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China devaluation: Is it a serious concern for US economy?

The recent devaluation of Chinese currency Yuan has already started creating tremors in the global markets and more precisely in the US economy as it's triggering an imbalance in international trade.

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Hong Kong markets watchdog to boost cooperation with foreign counterparts

Hong Kong's securities regulator said on Friday it will propose laws boosting cooperation with its foreign counterparts, at a time when the emergence of a number of cross-border fraud and corruption scandals make such collaboration vital.

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Citi keeps top spot in FX trading as European banks slump: poll

European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in the past year, as U.S. banks led by Citigroup (C.N) grabbed business, according to widely watched industry rankings.

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HSBC says Swiss scandal has brought 'shame' on bank

HSBC (HSBA.L) reported a 17 percent fall in annual pretax profit and cut its profitability target, saying allegations its Swiss business had helped customers to dodge taxes had brought shame on the bank.

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Strong dollar vexes mid-sized U.S. exporters, local demand helps

First thing every morning Bill Hickey turns on the TV to see where the U.S. dollar is trading in the hope it has lost value against the euro and other currencies.

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UK, U.S., Swiss close in on forex settlement with top banks

British and U.S. regulators are poised to levy hefty fines on leading banks in a landmark settlement after a year-long global investigation of allegations of collusion and manipulation in the foreign exchange market.

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Euro hovers near one-year low on Draghi's comments, eyes IFO

The euro fell to its lowest in nearly a year against a firmer dollar on Monday after the head of the European Central Bank said he was prepared to take action if inflation dropped further, raising expectations of quantitative easing.

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Goldman Sachs burned by bad currency bets in 3rd quarter

Goldman Sachs Group Inc lost more than $1 billion on currency trades during the third quarter, recent regulatory filings show, offering some insight into why the firm, reported its worst quarter in a key trading unit since the financial crisis.

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Zain's fifth straight quarterly decline blamed on foreign exchange issues

Kuwait's Zain blames the decline in the Sudanese pound as well as other foreign exchange factors for the company's fifth straight decline in quarterly profit.

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Credit Suisse finds no evidence of forex market rigging

In a statement, Credit Suisse said it found no evidence of foreign market manipulation.

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Trading Forex vs Trading Stocks

The following is a discussion on the differences and similarities between forex and stock trading.

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To hedge or not to hedge, that is the question

Hedging should not be automatically done as this can be studied to make the position more viable in the long run.

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Defining currency risk and finding ways to minimize it

Currency risk is based on currency fluctuations of one currency as against another.

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The Basics of Currency Hedging

Currency hedging requires an understanding of the market (art) and the actual exchange at a given time (science) to be insulated from currency value fluctuations.

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