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Rupee slips 7 paise to 69.24 vs dollar in early trade

NEW DELHI: The rupee fell 7 paise to 69.24 against the US dollar in opening trade Monday on increased demand for the greenback from importers and banks.

Forex dealers said strengthening of the American currency in the overseas market weighed on the domestic unit.

However, sustained foreign fund inflows and positive opening in domestic equities supported the rupee and restricted the fall.

The rupee opened strong at 69.07 at the interbank forex market, then lost ground and fell to 69.24 down 7 paise over its last close.

The rupee had settled at 69.17 against the US dollar on Friday.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 897.45 crore Friday, as per provisional data.

Meanwhile, brent crude futures, the global oil benchmark, fell 0.14 per cent to trade at USD 71.45 per barrel.

Benchmark equity index Sensex was trading 78.27 points up at 38,845.38, and the broader Nifty was at 11,671.20 points, up 27.75 points.
submitted by tradeniveshtips to u/tradeniveshtips [link] [comments]

Rupee to Dollar Rate down by 30 paise

Mumbai, May 17 (UNI) The Rupee rate on Friday tumbled down by 30 paise to 70.32 against the USD Dollar in early trade on rising demand for US Dollars by importers, dealers at Forex Market said.
The rupee opened weak at 70.22 at the interbank forex market and then fell further to 70.32, down 30 paise over its last close.
It registered intra day high and low 70.26 and 70.15 against US Dollars respectively.
The local unit declined owing to firm dollar against other world currencies and rising crude oil price, they added. However, a positive opening in domestic equities supported the local unit and restricted the fall. On Thursday rupee rose by 31 paise to settled at 70.02 against the US dollar.
submitted by chinimandi to u/chinimandi [link] [comments]

Ukraine's gold just disappeared: With its gold "vaporized", a furious Ukraine turns on its central bankers

From Joseph P. Farrell:
Now, I have to confess, [when I read this], I felt like I had stepped through some sort of time warp, and was reading about the dealings of those Super-Banksters Montague Norman and Hjalmar Schacht. Remember them?
They could’ve been comic book super heros (which is certainly how they saw themselves): “Faster than a trading algorithm, able to erect mountains of fraud in a single bound (to mix metaphors here), more powerful than ten freight trains of mortgage bundles and derivatives…” and so on.
Well, this one...comes from Zero Hedge and appeared there on Dec. 2. It would seem that the Ukraine’s gold reserves, in a manner that betokens all the magical accounting principles of the NY Federal Reserve Bank, cannot find its gold. Or rather, simply sold it all off:
With Its Gold “Vaporized”, A Furious Ukraine Turns On Its Central Bankers
Seriously, someone needs to compose an opera, or at least an aria, based on all of this bankster stuff going on; call it Don Corleone (sung to the famous duet sung by Il Commendatore and Don Giovanni). Or at least a good set of fairies tales, like Ali Babba and the Federal Reserve; or The Pied Piper of London or The Banker’s New Clothes, or maybe Hansel and Merkel.
Now, here’s what happened, at least as far as Zero Hedge reconstructs it:
“The charges against the chief banker involve foreign currency interventions by the Central Bank in August 2014: On August 5 the NBU bought U.S. dollars on the interbank forex market for UAH 11.93 per U.S. dollar and sold them for UAH 12.26 per U.S. dollar.
During the same week, on August 8, it traded in foreign currency at a higher rate: UAH 12.45-12.6 per U.S. dollar. First it sold $69 million on the interbank forex market at a lower rate, and some days later it bought $35 million at a more favorable price.
As a result of these transactions, the NBU lost 19 kopecks per U.S. dollar, Kravets said.
Kravets claims that by acting so, Gontareva 'has intentionally committed an extremely unfavorable transaction for the gold and forex reserves of Ukraine, despite the fact that under Ukraine’s Constitution it is the Central Bank that is in charge of maintaining the country’s gold reserves.'” (Emphasis in the original)
In other words, after a series of bizarre trades, the end result for the Ukraine was (1) the decline of the value of its currency (2) the perilous decline of its gold reserves, which one may presume are no longer in Kiev or the Ukraine’s vaults in the BIS (Bank of International Settlements, founded by Montague Norman and Hjalmar Schacht [ed.]), having been transferred “across the pond,” to quote Mr. Putin’s expression, or at least into it’s vault at the BIS or elsewhere.
Now, the good news to all this is that apparently the Ukrainian people might be waking up to the idea that a Washington-inspired neo-Nazi coup sponsored by busy-body billionaires and NGOs wasn’t such a good idea (though I’m with Peter Levenda here, there are no paleo- or neo-Nazis, there are just Nazis; they’re a cult, after all).
But you can forget about Valeriya Gontareva being the culprit here. We all probably know where the order ultimately came from…
Oh…by the way, did I mention that Hjalmar Schacht and Montague Norman founded the BIS, and that it in turn was instrumental in the creation of, and the model for, the European Central Bank?
submitted by axolotl_peyotl to conspiracy [link] [comments]

Ukraine's gold just disappeared: With its gold "vaporized", a furious Ukraine turns on its central bankers

poster: axolotl_peyotl, original conspiracy link
From Joseph P. Farrell:
>Now, I have to confess, [when I read this], I felt like I had stepped through some sort of time warp, and was reading about the dealings of those Super-Banksters Montague Norman and Hjalmar Schacht. Remember them?
>They could’ve been comic book super heros (which is certainly how they saw themselves): “Faster than a trading algorithm, able to erect mountains of fraud in a single bound (to mix metaphors here), more powerful than ten freight trains of mortgage bundles and derivatives…” and so on.
>Well, this one...comes from Zero Hedge and appeared there on Dec. 2. It would seem that the Ukraine’s gold reserves, in a manner that betokens all the magical accounting principles of the NY Federal Reserve Bank, cannot find its gold. Or rather, simply sold it all off:
With Its Gold “Vaporized”, A Furious Ukraine Turns On Its Central Bankers
>Seriously, someone needs to compose an opera, or at least an aria, based on all of this bankster stuff going on; call it Don Corleone (sung to the famous duet sung by Il Commendatore and Don Giovanni). Or at least a good set of fairies tales, like Ali Babba and the Federal Reserve; or The Pied Piper of London or The Banker’s New Clothes, or maybe Hansel and Merkel.
>Now, here’s what happened, at least as far as Zero Hedge reconstructs it:
“The charges against the chief banker involve foreign currency interventions by the Central Bank in August 2014: On August 5 the NBU bought U.S. dollars on the interbank forex market for UAH 11.93 per U.S. dollar and sold them for UAH 12.26 per U.S. dollar.
During the same week, on August 8, it traded in foreign currency at a higher rate: UAH 12.45-12.6 per U.S. dollar. First it sold $69 million on the interbank forex market at a lower rate, and some days later it bought $35 million at a more favorable price.
As a result of these transactions, the NBU lost 19 kopecks per U.S. dollar, Kravets said.
Kravets claims that by acting so, Gontareva 'has intentionally committed an extremely unfavorable transaction for the gold and forex reserves of Ukraine, despite the fact that under Ukraine’s Constitution it is the Central Bank that is in charge of maintaining the country’s gold reserves.'” (Emphasis in the original)
>In other words, after a series of bizarre trades, the end result for the Ukraine was (1) the decline of the value of its currency (2) the perilous decline of its gold reserves, which one may presume are no longer in Kiev or the Ukraine’s vaults in the BIS (Bank of International Settlements, founded by Montague Norman and Hjalmar Schacht [ed.]), having been transferred “across the pond,” to quote Mr. Putin’s expression, or at least into it’s vault at the BIS or elsewhere.
>Now, the good news to all this is that apparently the Ukrainian people might be waking up to the idea that a Washington-inspired neo-Nazi coup sponsored by busy-body billionaires and NGOs wasn’t such a good idea (though I’m with Peter Levenda here, there are no paleo- or neo-Nazis, there are just Nazis; they’re a cult, after all).
>But you can forget about Valeriya Gontareva being the culprit here. We all probably know where the order ultimately came from…
>Oh…by the way, did I mention that Hjalmar Schacht and Montague Norman founded the BIS, and that it in turn was instrumental in the creation of, and the model for, the European Central Bank?
Discourse level: 100%
Shills: 0%
submitted by conspirobot to conspiro [link] [comments]

BIS reports 30% rise in forex volumes, while Interbank network internalizes

BIS reports 30% rise in forex volumes, while Interbank network internalizes submitted by joehatch to asktraders [link] [comments]

NBU cuts forex purchases on interbank market to $40.5 mln this week

NBU cuts forex purchases on interbank market to $40.5 mln this week submitted by rotoreuters to betternews [link] [comments]

what determines the spread on the forex interbank rate when an ETF is sold in 2 different currencies on 2 different exchanges?

hello, I have a specific narrow question. It is not about whether one should invest in foreign currencies or whether one should buy hedged or non hedged ETFs. My question is the following: if an ETF is sold on 2 different exchanges in 2 different currencies (once again, same ETF), is the difference in price solely that of the interbank foreign exchange rate or does someone along the line take a cut in the foreign exchange rate. I would doubt the latter because it would rapidly be corrected by professional investors using arbitrage. thanks very much in advance for your time and help.
submitted by Dorindon to ETFs [link] [comments]

[NG] - Forex: Cost of funds hits 200% in interbank market | Vanguard

[NG] - Forex: Cost of funds hits 200% in interbank market | Vanguard submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[NG] - Forex: Cost of funds hits 200% in interbank market

[NG] - Forex: Cost of funds hits 200% in interbank market submitted by AutoNewsAdmin to VANGUARDauto [link] [comments]

Interbank FX’s Hedging Solution | Forex Magnates

submitted by forexturtle to Economics [link] [comments]

Best way to change currency to €

Can anyone give me some tips how to cheaply change my home currency (Croatia) to Euros? I am investing in ETFs and I find that this currency conversion is a large expense. I tried transferwise but their rates are the same as my home banks so no luck there.
submitted by Kpavich to eupersonalfinance [link] [comments]

Spread Widening Indices

Is there also a daily interbank settlement period for indices during which spreads may significantly widen such as in the Forex Market after the NewYork Session?
Appreciate answers in advance
submitted by CryptoBubu to Daytrading [link] [comments]

[Diplomacy] China-EU FTA

[Closed--as much as any trade negotiation with the EU can be]

The EU has slowly been extending its vast array of free trade agreements to cover much of the world, and, quite simply, China, as a member of our peaceful and prosperous rule-based international order, wants in.

This new FTA would massively expand the EUs zone of free trade, increasing it by nearly twenty trillion, as well as increasing our trade ties with the world by a roughly equivalent amount.

While we understand that developing this trade agreement will be a difficult and complex task, we have some thoughts on where to start:

European Concessions



Chinese Concessions


Joint Projects



These are really just a starting point, and we'd like to hear the EU's thoughts on this matter. Negotiating trade agreements with the EU is known to be difficult, but we think we may find it worthwhile.
submitted by AmericanNewt8 to Geosim [link] [comments]

1. Regulated Forex Scams? You Bet

Yes, Regulated Forex Brokers Commit Scams

When one typically hears the phrase “forex scam” one automatically assumes that it is being perpetrated by an unlicensed or unregulated forex broker. For the most part, that assumption is correct. All you have to do is a quick google search and you will find numerous articles detailing reprehensible acts committed by unregulated forex and binary options brokers. However, there have been numerous instances of regulated forex brokers skirting the rules.

Not all regulated brokers are trustworthy

Unfortunately, there are numerous regulated forex brokers that have defrauded unsuspecting clientele as well. Last year on the CFTC slapped a $7 million fine on Forex Capital Markets (FXCM) in a civil monetary penalty for engaging in fraudulent and misleading solicitations, spanning from September 4, 2009, through at least 2014.
Additionally, the CFTC emphasized that FXCM had misrepresented that its ‘No Dealing Desk’ trading platform had no conflicts of interest with its clientele. Instead of running a true ECN execution platform where trades are performed directly in the interbank market, their clientele’s trades would be redirected to a Effex Capital LLC, which was originally designated to be an independent market maker but was, in reality, an extension of FXCM. Effex Capital would take very aggressive forex trades against the investors in order that they would lose and in return, FXCM would be the beneficiary of some very high kickbacks, which they received under the table from FXCM.

FXCM barred from the U.S.

Because of their duplicitous practices, the CFTC withdrew their regulation and FXCM was no longer allowed to service U.S. customers. Additionally, FXCM was caught by the FCA in yet another forex scam. They took away their investors’ positive swaps, causing them to only receive negative swaps. Surprisingly, the FCA did not remove their regulation.

Beware of OTCapital

OTCapital, forex broker regulated by ASIC has been swindling numerous investors. Broker Complaint Registry has received numerous complaints from those who have been victimized by their reprehensible practices. Complaints have ranged from not allowing clients to withdraw their earnings to never receiving a call back after they had deposited. Unfortunately, ASIC has not taken any action against OTCapital.

Protect yourself from a forex scam

Before you deposit money with a broker you must first make sure that the broker is regulated by an entity such as the CFTC, FCA, ASIC or the IIROC. Remember not all regulatory bodies are created equal. For example, if the broker that you are interested in has only a CySEC (Cyprus) regulation it would be wise to steer clear. Although they have gotten tougher on rulebreakers, CySEC is still lax in numerous areas.
Additionally, do your research. This means reading reviews, looking at various forums, and so on. It is not enough that the broker you are interested in has a regulation. You must vet them.
If you have fallen victim to a cryptocurrency scam, send a complaint to at [[email protected]](mailto:[email protected]), and we will do our very best to get into contact with you as soon as we can to initiate your funds recovery process. Visit www.fundsrecovery247.com for more information or Contact - [email protected] com.
submitted by dskhan34 to u/dskhan34 [link] [comments]

how can i recover my money from Forex Scams

The Forex market is volatile and carries substantial risks. It is not the place to put any money that you cannot afford to lose, such as retirement funds, as you can lose most or all it very quickly. The CFTC has witnessed a sharp rise in Forex trading scams in recent years and wants to advise you on how to identify potential fraud.
Signs of a Possible Fraudulent Sales Pitch
Watch for These Red Flags to Help Identify Foreign Currency Trading Scams
If you have ever been scammed by a forex broker or lost money. You should reach out to E-Assets Retrieval they can assist you with recovery of your lost funds through Forensic and investigative process needed for litigation
submitted by Affectionate_Top_593 to u/Affectionate_Top_593 [link] [comments]

The Next Crypto Wave: The Rise of Stablecoins and its Entry to the U.S. Dollar Market

The Next Crypto Wave: The Rise of Stablecoins and its Entry to the U.S. Dollar Market

Author: Christian Hsieh, CEO of Tokenomy
This paper examines some explanations for the continual global market demand for the U.S. dollar, the rise of stablecoins, and the utility and opportunities that crypto dollars can offer to both the cryptocurrency and traditional markets.
The U.S. dollar, dominant in world trade since the establishment of the 1944 Bretton Woods System, is unequivocally the world’s most demanded reserve currency. Today, more than 61% of foreign bank reserves and nearly 40% of the entire world’s debt is denominated in U.S. dollars1.
However, there is a massive supply and demand imbalance in the U.S. dollar market. On the supply side, central banks throughout the world have implemented more than a decade-long accommodative monetary policy since the 2008 global financial crisis. The COVID-19 pandemic further exacerbated the need for central banks to provide necessary liquidity and keep staggering economies moving. While the Federal Reserve leads the effort of “money printing” and stimulus programs, the current money supply still cannot meet the constant high demand for the U.S. dollar2. Let us review some of the reasons for this constant dollar demand from a few economic fundamentals.

Demand for U.S. Dollars

Firstly, most of the world’s trade is denominated in U.S. dollars. Chief Economist of the IMF, Gita Gopinath, has compiled data reflecting that the U.S. dollar’s share of invoicing was 4.7 times larger than America’s share of the value of imports, and 3.1 times its share of world exports3. The U.S. dollar is the dominant “invoicing currency” in most developing countries4.

https://preview.redd.it/d4xalwdyz8p51.png?width=535&format=png&auto=webp&s=9f0556c6aa6b29016c9b135f3279e8337dfee2a6

https://preview.redd.it/wucg40kzz8p51.png?width=653&format=png&auto=webp&s=71257fec29b43e0fc0df1bf04363717e3b52478f
This U.S. dollar preference also directly impacts the world’s debt. According to the Bank of International Settlements, there is over $67 trillion in U.S. dollar denominated debt globally, and borrowing outside of the U.S. accounted for $12.5 trillion in Q1 20205. There is an immense demand for U.S. dollars every year just to service these dollar debts. The annual U.S. dollar buying demand is easily over $1 trillion assuming the borrowing cost is at 1.5% (1 year LIBOR + 1%) per year, a conservative estimate.

https://preview.redd.it/6956j6f109p51.png?width=487&format=png&auto=webp&s=ccea257a4e9524c11df25737cac961308b542b69
Secondly, since the U.S. has a much stronger economy compared to its global peers, a higher return on investments draws U.S. dollar demand from everywhere in the world, to invest in companies both in the public and private markets. The U.S. hosts the largest stock markets in the world with more than $33 trillion in public market capitalization (combined both NYSE and NASDAQ)6. For the private market, North America’s total share is well over 60% of the $6.5 trillion global assets under management across private equity, real assets, and private debt investments7. The demand for higher quality investments extends to the fixed income market as well. As countries like Japan and Switzerland currently have negative-yielding interest rates8, fixed income investors’ quest for yield in the developed economies leads them back to the U.S. debt market. As of July 2020, there are $15 trillion worth of negative-yielding debt securities globally (see chart). In comparison, the positive, low-yielding U.S. debt remains a sound fixed income strategy for conservative investors in uncertain market conditions.

Source: Bloomberg
Last, but not least, there are many developing economies experiencing failing monetary policies, where hyperinflation has become a real national disaster. A classic example is Venezuela, where the currency Bolivar became practically worthless as the inflation rate skyrocketed to 10,000,000% in 20199. The recent Beirut port explosion in Lebanon caused a sudden economic meltdown and compounded its already troubled financial market, where inflation has soared to over 112% year on year10. For citizens living in unstable regions such as these, the only reliable store of value is the U.S. dollar. According to the Chainalysis 2020 Geography of Cryptocurrency Report, Venezuela has become one of the most active cryptocurrency trading countries11. The demand for cryptocurrency surges as a flight to safety mentality drives Venezuelans to acquire U.S. dollars to preserve savings that they might otherwise lose. The growth for cryptocurrency activities in those regions is fueled by these desperate citizens using cryptocurrencies as rails to access the U.S. dollar, on top of acquiring actual Bitcoin or other underlying crypto assets.

The Rise of Crypto Dollars

Due to the highly volatile nature of cryptocurrencies, USD stablecoin, a crypto-powered blockchain token that pegs its value to the U.S. dollar, was introduced to provide stable dollar exposure in the crypto trading sphere. Tether is the first of its kind. Issued in 2014 on the bitcoin blockchain (Omni layer protocol), under the token symbol USDT, it attempts to provide crypto traders with a stable settlement currency while they trade in and out of various crypto assets. The reason behind the stablecoin creation was to address the inefficient and burdensome aspects of having to move fiat U.S. dollars between the legacy banking system and crypto exchanges. Because one USDT is theoretically backed by one U.S. dollar, traders can use USDT to trade and settle to fiat dollars. It was not until 2017 that the majority of traders seemed to realize Tether’s intended utility and started using it widely. As of April 2019, USDT trading volume started exceeding the trading volume of bitcoina12, and it now dominates the crypto trading sphere with over $50 billion average daily trading volume13.

https://preview.redd.it/3vq7v1jg09p51.png?width=700&format=png&auto=webp&s=46f11b5f5245a8c335ccc60432873e9bad2eb1e1
An interesting aspect of USDT is that although the claimed 1:1 backing with U.S. dollar collateral is in question, and the Tether company is in reality running fractional reserves through a loose offshore corporate structure, Tether’s trading volume and adoption continues to grow rapidly14. Perhaps in comparison to fiat U.S. dollars, which is not really backed by anything, Tether still has cash equivalents in reserves and crypto traders favor its liquidity and convenience over its lack of legitimacy. For those who are concerned about Tether’s solvency, they can now purchase credit default swaps for downside protection15. On the other hand, USDC, the more compliant contender, takes a distant second spot with total coin circulation of $1.8 billion, versus USDT at $14.5 billion (at the time of publication). It is still too early to tell who is the ultimate leader in the stablecoin arena, as more and more stablecoins are launching to offer various functions and supporting mechanisms. There are three main categories of stablecoin: fiat-backed, crypto-collateralized, and non-collateralized algorithm based stablecoins. Most of these are still at an experimental phase, and readers can learn more about them here. With the continuous innovation of stablecoin development, the utility stablecoins provide in the overall crypto market will become more apparent.

Institutional Developments

In addition to trade settlement, stablecoins can be applied in many other areas. Cross-border payments and remittances is an inefficient market that desperately needs innovation. In 2020, the average cost of sending money across the world is around 7%16, and it takes days to settle. The World Bank aims to reduce remittance fees to 3% by 2030. With the implementation of blockchain technology, this cost could be further reduced close to zero.
J.P. Morgan, the largest bank in the U.S., has created an Interbank Information Network (IIN) with 416 global Institutions to transform the speed of payment flows through its own JPM Coin, another type of crypto dollar17. Although people argue that JPM Coin is not considered a cryptocurrency as it cannot trade openly on a public blockchain, it is by far the largest scale experiment with all the institutional participants trading within the “permissioned” blockchain. It might be more accurate to refer to it as the use of distributed ledger technology (DLT) instead of “blockchain” in this context. Nevertheless, we should keep in mind that as J.P. Morgan currently moves $6 trillion U.S. dollars per day18, the scale of this experiment would create a considerable impact in the international payment and remittance market if it were successful. Potentially the day will come when regulated crypto exchanges become participants of IIN, and the link between public and private crypto assets can be instantly connected, unlocking greater possibilities in blockchain applications.
Many central banks are also in talks about developing their own central bank digital currency (CBDC). Although this idea was not new, the discussion was brought to the forefront due to Facebook’s aggressive Libra project announcement in June 2019 and the public attention that followed. As of July 2020, at least 36 central banks have published some sort of CBDC framework. While each nation has a slightly different motivation behind its currency digitization initiative, ranging from payment safety, transaction efficiency, easy monetary implementation, or financial inclusion, these central banks are committed to deploying a new digital payment infrastructure. When it comes to the technical architectures, research from BIS indicates that most of the current proofs-of-concept tend to be based upon distributed ledger technology (permissioned blockchain)19.

https://preview.redd.it/lgb1f2rw19p51.png?width=700&format=png&auto=webp&s=040bb0deed0499df6bf08a072fd7c4a442a826a0
These institutional experiments are laying an essential foundation for an improved global payment infrastructure, where instant and frictionless cross-border settlements can take place with minimal costs. Of course, the interoperability of private DLT tokens and public blockchain stablecoins has yet to be explored, but the innovation with both public and private blockchain efforts could eventually merge. This was highlighted recently by the Governor of the Bank of England who stated that “stablecoins and CBDC could sit alongside each other20”. One thing for certain is that crypto dollars (or other fiat-linked digital currencies) are going to play a significant role in our future economy.

Future Opportunities

There is never a dull moment in the crypto sector. The industry narratives constantly shift as innovation continues to evolve. Twelve years since its inception, Bitcoin has evolved from an abstract subject to a familiar concept. Its role as a secured, scarce, decentralized digital store of value has continued to gain acceptance, and it is well on its way to becoming an investable asset class as a portfolio hedge against asset price inflation and fiat currency depreciation. Stablecoins have proven to be useful as proxy dollars in the crypto world, similar to how dollars are essential in the traditional world. It is only a matter of time before stablecoins or private digital tokens dominate the cross-border payments and global remittances industry.
There are no shortages of hypes and experiments that draw new participants into the crypto space, such as smart contracts, new blockchains, ICOs, tokenization of things, or the most recent trends on DeFi tokens. These projects highlight the possibilities for a much more robust digital future, but the market also needs time to test and adopt. A reliable digital payment infrastructure must be built first in order to allow these experiments to flourish.
In this paper we examined the historical background and economic reasons for the U.S. dollar’s dominance in the world, and the probable conclusion is that the demand for U.S. dollars will likely continue, especially in the middle of a global pandemic, accompanied by a worldwide economic slowdown. The current monetary system is far from perfect, but there are no better alternatives for replacement at least in the near term. Incremental improvements are being made in both the public and private sectors, and stablecoins have a definite role to play in both the traditional and the new crypto world.
Thank you.

Reference:
[1] How the US dollar became the world’s reserve currency, Investopedia
[2] The dollar is in high demand, prone to dangerous appreciation, The Economist
[3] Dollar dominance in trade and finance, Gita Gopinath
[4] Global trades dependence on dollars, The Economist & IMF working papers
[5] Total credit to non-bank borrowers by currency of denomination, BIS
[6] Biggest stock exchanges in the world, Business Insider
[7] McKinsey Global Private Market Review 2020, McKinsey & Company
[8] Central banks current interest rates, Global Rates
[9] Venezuela hyperinflation hits 10 million percent, CNBC
[10] Lebanon inflation crisis, Reuters
[11] Venezuela cryptocurrency market, Chainalysis
[12] The most used cryptocurrency isn’t Bitcoin, Bloomberg
[13] Trading volume of all crypto assets, coinmarketcap.com
[14] Tether US dollar peg is no longer credible, Forbes
[15] New crypto derivatives let you bet on (or against) Tether’s solvency, Coindesk
[16] Remittance Price Worldwide, The World Bank
[17] Interbank Information Network, J.P. Morgan
[18] Jamie Dimon interview, CBS News
[19] Rise of the central bank digital currency, BIS
[20] Speech by Andrew Bailey, 3 September 2020, Bank of England
submitted by Tokenomy to tokenomyofficial [link] [comments]

MT5 international foreign exchange trading platform, recently the foreign exchange gold market is also on the rise

What is the foreign exchange market?Foreign exchange market (FOREx market) refers to the place or network where foreign exchange transactions take place.Mainly between local currency and foreign currency, foreign exchange transactions between different currencies.The foreign exchange market can be divided into two parts, namely the inter-bank foreign exchange market and the retail foreign exchange market.Interbank foreign exchange market can also be acquired as an inter-bank wholesale foreign exchange market, which is the uppermost market in foreign exchange transactions and the market for foreign exchange transactions among Banks, forming a relatively centralized foreign exchange market.In the interbank market, there is no such thing as margin trading.Retail forex market refers to the market between forex trading institutions and their clients. The most basic class in this market is individual traders, characterized by wide and dispersed distribution.
The modern international foreign exchange market is generally distributed in major cities in the world, such as London, New York, Paris, Vertical, Zurich, Wellington, Tokyo, Singapore, Hong Kong and other world-famous financial centers and foreign exchange centers. The interconnections and influence of these centers form a foreign exchange network covering the whole world.Due to time zones and time differences, such a horizontal global market is almost always open and close one after another, forming a circular 24-hour foreign exchange market.In the global market, the UK, the US, Singapore, Hong Kong and Japan accounted for 77% of the global forex trading volume.At present, China's foreign exchange market is a market system centered on the inter-bank market.
In the foreign exchange market, the exchange rate fluctuation refers to the exchange rate of changing currencies. The change in exchange rate is the decrease in the value of one currency and the increase in the value of another currency.A currency does not become a waste of paper, or even a dwindling currency, but it will always represent a certain value, unless the abolition of the currency is declared.You've had negative interest rates, you've had a plunge in stocks, you've had zero futures, you've had real estate, you've had a question mark as an investment hedge, and in many cases rents may not be worth the mortgage index.For domestic investors, the currency market is the most "clean" speculative market with little risk but great opportunity.
Investors need not bother in the performance of each stock, futures long-short don't have to worry about both sides of the insider trading, daily turnover of huge, make any also does not have the dealer's courage, soros, buffett can learn about the information, as well as ordinary investors can learn, global investors and speculators are in the same time looking at the same price and graphics, several thousands of marketmakers network trading platform and the world millions of investors and speculators have together.
submitted by kelly19981001 to investing [link] [comments]

forex trading books

A forex broker, also known as a forex broker, or Retail Forex Their clients to access accounts and transaction through computer applications and platforms. A broker in the past was considered a single member of a profession and often worked at a unique agency called a brokerage house (or even merely a broker ). Commodities, derivatives and even insurance and property markets since the beginning of the modern era. And by phone , most brokers operated until the dawn of the internet age. Brokers would buy and sell, and clients can phone in their orders of transactions assets on behalf of the client's accounts. A concept for modern individual dealers is forex. Were much bigger, participants at the interdealer market were ready to Traditionally, foreign exchange has been traded on the interbank market by larger clients such as importers, exporters, banks and corporations who must trade currencies for industrial purposes and hedging from currency risks that were global. Forex is forex that is traded through traders, often Electronic Broking Services (EBS) system best top forex brokers.
The brokerages Could provide Around the year 2000, retail agents began offering online An intermediary who buys and sells assets to get a commission or a specific asset is meant by in commercial and financial trading, currency trading agent. Therefore, a broker may be considered as a salesman of assets. The source of this term is uncertain, though it is considered to stem from older French.Frequently taking another side of a trade in order to offer liquidity for traders. Before the emergence of forex brokerages, individual trading amounts less than US$1 million were discouraged from entering the market by spreads that are large. Accounts to investors, streaming costs from the and banks Brokers And Dealers Retail forex brokers allow traders Are higher for clients than they are in the interdealer By investors or smaller. These companies are also known by the term"retail aggregators." Retail forex trading started to become popularised in the late 1990s with the development of financial trading. Into company, dealers and retail forex brokers went at that time to allow smaller dealers to get into markets that were formerly limited to large scale companies and institutions forex bonus.
Retail forex brokerages act in the role of dealers, Market, but they have been found to narrow as trading volume climbs. [4] The interdealer market, which will be dominated by banks. Since the transaction volumes Service by bundling many small trades together and strengthening them in Account with a limited amount of assets and let them trade online via internet-based trading platforms. Forex is done through the spot currency market, although some agents deal in derivative products such as options and futures. Forex trading has been popularised among individual traders since brokers have offered them the chance to trade with margin accounts. These enable traders to efficiently forex trading tips capital to make a transaction, and multiply the main they use to trade by large amounts, up to 50 times their initial capital. [3] Provide liquidity for the brokers' rates that are accessible. Bid-ask spreads.
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IM Academy - Are they/their "Affiliates" breaking FINRA regulations on Communications with the Public?

For the uninitiated, IM Academy, formerly iMarketsLive, is an MLM whose scheme centers around a SaaS model for their forex (foreign exchange) trading software. I'm still early in the research, but I think the way they get around the legal definition of a pyramid scheme is by providing referral commissions to their affiliates, who are the ones ultimately posting about their purported 'success' and the opportunities they want to share with their friends and families and doing the recruiting.
Now, perhaps save for the ballsier MLM brands involved in health and wellness products, where running afoul of the FDA is the primary concern (and having worked as someone designing junk mail for a health food/grocery store [the owner of which was decidedly ANTI MLM, thank apollo] for a decade, I can tell you that the magic "These statements have not been endorsed by the FDA. These products are not meant to diagnose, treat, cure, or prevent any disease." is almost an impervious shield, if you're not a total sketchman and literally saying those things in the ad copy for the product), the SEC and the FTC are the regulatory bodies at play; and FINRA, I believe, is the US regulatory body overseeing forex, specifically.
I dig economics. I like listening to economics shows. I've heard plenty of ads for forex trading solutions on the radio, and one constant is the inclusion at the end of the ad of a disclaimer saying, more or less, that 'Forex trading carries substantial risk and consumers should not trade more than what they can afford to lose', or something along those lines. Of course, the folks peddling IM Academy on facebook are just posting about the opportunity to make money trading forex.
That got me thinking -- if the company is paying these guys commissions on referrals for the software, they are effectively communicating to the public. FINRA has some very specific guidelines on this (emphasis mine):
Communications with the Public
NASD Rule 2210, applicable to all FINRA members, prohibits firms from making any false, exaggerated, unwarranted or misleading statement or claim in any communication with the public. Rule 2210 is not limited to a broker-dealer's securities and investment banking business. A firm's forex-related communications—whether the firm is acting as a dealer or is soliciting forex business for a dealer—must be fair and balanced and based on principles of fair dealing and good faith, and firms must provide a sound basis for evaluating the facts regarding both the forex market generally, as well as the customers' specific transactions. These obligations may not be waived or met by disclaimer.
New FINRA member firms that engage in forex-related activities must file their advertisements with FINRA. Rule 2210 requires any firm that has not previously filed advertisements with FINRA to file all of its advertisements at least 10 days prior to first use; this filing requirement continues for one year from the first submission. Rule 2210's internal approval, filing requirements and recording-keeping provisions also apply to forex-related communications. The rule requires that a registered principal give written approval of all advertisements and sales literature prior to use.
Rule 2210 prohibits predictions or projections of performance, or the implication that past performance will recur. Communications used by firms in connection with retail forex activities may not tout future returns. The rule prohibits the omission of material facts or qualifications that would cause a communication to be misleading. Accordingly, firms' communications must adequately disclose the risks associated with forex trading, including the risks of highly leveraged trading. Firms must also make sure that their communications with the public are not misleading regarding, among other things:
Am I onto something here? Even if IM Academy seems to skirt around the traditional definition of a pyramid scheme, their affiliates are breaking the regulations the company, at least, is obligated to adhere to.
This IM Academy scheme specifically seems particularly predatory. I can see a vast gulf between being out a few hundred bucks on shitty inventory you'll never push and forex leverages, which can sometimes mean you lose more than you put in.
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Can someone explain to me why people would opt to invest in forex over other asset classes?

This might sound stupid but...
Isn't the point of fiat currencies to be stable enough for ease of trade?
Surely this would mean the volatility between any pair would be ridiculously low to the point where making any money would require either huge leverage or an insanely high initial investment, right?
And since you guys are (from what l can see) mainly scalpers and day traders, would it not make more sense to scalp volatile, low volume pennystocks or cryptocurrencies with a sensible S/L?
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A key concept for contemporary dealers is forex. Retail Forex Account with a limited amount of assets and allow them to trade online via trading platforms. Most trading is done through the spot foreign exchange market, although some brokers deal in derivative products such as options and futures. Forex trading has been popularised among individual traders because agents have given them the chance to trade with margin accounts. These allow traders to borrow capital to make a trade, and multiply the principal they use to exchange by large quantities up to 50 times their initial capital. [3] Were bigger, participants at the interdealer market were ready to Provide liquidity for the brokers' prices that are accessible. Bid-ask spreads A forex broker, also known as a retail best forex brokers or Around the year 2000, retail agents started offering online Market, but they have been discovered to narrow as trading volume rises. [4] Electronic Broking Services (EBS) system.
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Nowadays, the term"agent" is frequently used as shorthand for a broker. Accounts to investors, streaming costs from leading banks and the Often taking the other side of a commerce so as to provide liquidity for traders. Prior to the development of forex brokerages, trading that is human figures less than US$1 million were discouraged from entering the market by high bid-ask spreads. The interdealer market, which banks dominate. Since the trade volumes Most forex brokerages act in the role of brokers reviews traders, By smaller or individual investors. These firms are also known by the term"retail aggregators." Retail forex trading started to become popularised in the 1990s with the emergence of trading. At that moment, retail forex brokers and traders went into business to allow dealers to get into markets which were previously limited to businesses and institutions. Retail support by bundling many trades collectively and strengthening in them
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forex trader jobs

Were much larger, participants in the interdealer market Retail forex is forex That's traded through traders Market, but they have been discovered to narrow as trading volume rises. [4] By individual or smaller investors. These firms are also known by the term"retail aggregators." Forex trading started to become popularised in the late 1990s with the development of trading. Into business, traders and retail forex brokers went at that time to allow traders to get into markets that were previously limited to companies and financial institutions. The role of the agent has commonly been found in equities, Account with a limited amount of resources and let them trade online through internet-based trading platforms. Most trading is done through the spot foreign exchange market, although some agents deal in products such as futures and options. Forex trading has been popularised among different traders since brokers have given them the opportunity to trade with margin accounts forex bonus. These allow traders to borrow capital to make a transaction, and multiply the main that they use to trade by large amountsup to 50 times their initial capital. [3]Are higher for retail clients than they are at the interdealer The interdealer market, that will be dominated by banks.
Since the transaction volumes Traditionally, bigger clients such as importers, exporters, banks and corporations who must exchange currencies for commercial purposes and hedging against currency risks have traded on the interbank market foreign exchange. Most retail forex brokerages act in the role of traders, Commodities, even insurance and derivatives and property markets since the beginning of the modern age. And until the dawn of the era , most brokers run by phone. Clients could phone in their orders of trades, and agents would purchase and sell resources on behalf of their customer's accounts for a commission. Brokers And Dealers Around the year 2000, retail brokers began offering online Provide liquidity for your agents' prices. Bid-ask spreads Taking another side of a commerce so as to provide liquidity for dealers. Brokers make money with this activity by charging a small fee through a bid-ask spread. Before the emergence of forex brokerages, individual trading figures less than US$1 million have been discouraged from entering the market by large bid-ask spreads forex trading tips.
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Interbank Currency Trading: What It Means For You Secrets of Forex through the eyes of an Interbank trader How do Banks & Forex Firms Make Money Dealing FX? Pivot Points Indicator Installation - Interbank FX Part 2

The forex interbank market is a credit approved system in which banks trade based solely on the credit relationships they have established. All of the banks can see the best market rates currently ... Banks—The "Interbank Market" is one of the most misused terms in the retail forex market. The interbank market is what it sounds like; a network of banks that trade currencies with each other ... Interbank-FX (ibfx) Erfahrungen » Fazit von Tradern: aus 2 Bewertungen » Unser Test zu Spreads Plattform Orderausführung Service Jetzt lesen! Most online forex exchange brokers trade with the Interbank market to some degree to offset trades and to position themselves in the market. Trading in an online trading account does not access the Interbank market directly. Nevertheless, the more credit lines established by your forex broker, the tighter the spreads they can offer their customers. The forex interbank market is the wholesale currency arena, where traders from large banking institutions trade amongst one another. Other participants such as hedge funds or trading firms that decide to participate in large transactions, are also part of the interbank market. The goal of the Interbank Market is to provide liquidity to other market […] On the other hand, the so-called big players in the form of banks, hedge funds, and other large financial institutions determine the future change of the forex market price. All these big players are trading on the so-called interbank market where millions and billions of orders meet. The Forex market reacts strongly to these large orders. The professional Interbank forex market includes a variety of participants that trade foreign exchange for a number of different reasons. These forex traders might include individuals working at major commercial banks, central banks, fund managers, international corporations, as well as high net worth individuals. Most of them either deal forex for hedging or speculative purposes like ...

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Interbank Currency Trading: What It Means For You

Interbank Currency Trading: What It Means For You ... Originally the forex market consisted almost entirely of banks and other large financial institutions who were exchanging the various ... How to Trade Forex like the Banks: Secrets Revealed ... Chris Lori, CTA: One Day One Topic: ORDER FLOW - Impact of Interbank FX Pricing on Volatility - Duration: 50:11. FXStreet ... Installing the Interbank FX Pivot Points indicator for the MetaTrader 4 forex trading platform. How do banks earn profit on spot trading in the forex market? Let's say USD/JPY is trading at 113. Say someone makes an order for 1 billion dollars worth of Yen. In the interbank market we've got ...

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