Saturday, July 11

Forex News

UBS Updates Exchange Rate Fixing Time for ETRACS Alerian Midstream Energy Index ETN due June 21, 2050 – Business Wire
Forex News

UBS Updates Exchange Rate Fixing Time for ETRACS Alerian Midstream Energy Index ETN due June 21, 2050 – Business Wire

NEW YORK--(BUSINESS WIRE)--On June 30, 2020, Alerian announced an update to the methodology guide for the Alerian Midstream Energy Index (the “Index”). Effective as of the close of business on June 30, 2020, the Index began using the WM/Reuters USD/CAD foreign exchange rate as of 4:00 p.m. Eastern Time (rather than 4:00 p.m. London Time) to convert the value of Canadian index constituent securities, for purposes of determining the Index values. Subsequent to the Index methodology update, UBS Securities LLC, in its capacity as calculation agent for the ETRACS Alerian Midstream Energy Index ETN due June 21, 2050 (Ticker: AMNA) (the “Securities”) today announced a change to the USD/CAD foreign exchange rate fixing time for the Securities following a determination that the prior USD/CAD forei...
CAD & Oil ahead of June employment
Commodities, Forex News

CAD & Oil ahead of June employment

USDCAD has posted an 11-day high at 1.3628 (above R1) as USOil fell to an 11-day low at $38.74, extending the correction from the 17-day high seen earlier in the week at $41.63. It was the SCOTUS ruling on Trump taxes, along with fears of new troubles for the aviation industry, that turned modest risk-on conditions into full-on risk-off that had the impact, seeing equities tank, yields fall, and WTI crude prices  tumble nearly $1.50/bbl. Initially the decline started yesterday following the EIA inventory data which showed a 5.7 mln bbl rise in crude stocks. The street had been expecting a 3.0 mln bbl draw, though the API reported a 2.0 mln bbl build after the close on Tuesday. Meanwhile, gasoline supplies, seen flat, actually fell 4.8 mln bbls, while distillate stocks were down 3.1 ml...
US Stocks : What’s after the overnight selling?
Forex News

US Stocks : What’s after the overnight selling?

Risk-on positioning has supported the Dollar and Yen,  driving  underperformance in commodities and other currencies with a higher beta characteristic. Multiplying coronavirus infections across the US and in other places across the world, including Tokyo, Hong Kong and Melbourne, along with a number of clusters in Europe, have spooked investors. The US reporting a new daily record in new coronavirus cases, of 60k, together with yet another record number of deaths in Texas, has fuelled concerns about the impact a second wave and renewed broader lockdowns would have on the world economy.  Mobile phone data compiled by Unacast has shown retail visits to have dropped in a number of states where there has been a spike in new Covid-19 cases. News yesterday that the US Supreme Court said that the...
Foreign Exchange Awards 2021 – Global Finance
Forex News

Foreign Exchange Awards 2021 – Global Finance

World’s Best Foreign Exchange Providers Global Finance will honor the Best Foreign Exchange Providers in 124 countries and seven regions, and the Best Providers of FX research. In addition, Global Finance will name the Best Banks for FX Trading Technology. The full list of award categories can be found on the following pages. This year, in recognition of the extreme volatility that the Covid-19 pandemic has brought to the Foreign Exchange markets, Global Finance has added a new award recognizing the Best Market Maker in Volatile Times. Corporate FX Awards - Corporate Entrants Global Finance is the world’s leading corporate finance publication and is uniquely positioned to recognize and reward excellence in the FX sector. The Corporate FX Awards are the most comprehensive awards program h...
Foreign exchange rate of euro to other currencies
Forex News

Foreign exchange rate of euro to other currencies

FRANKFURT, July 9 (Xinhua) -- The following are the foreign exchange reference rates of euro to other currencies at the European Central Bank on Thursday: One euro to: U.S. dollar 1.1342 Chinese yuan renminbi 7.9230 Japanese yen 121.67 Danish krone 7.4503 British pound 0.89655 Swedish krona 10.3970 Swiss franc 1.0634 Norwegian krone 10.6173 Russian ruble 80.0425 Turkish lira 7.7845 Australian dollar 1.6239 Canadian dollar 1.5314 Hong Kong dollar 8.7901 New Zealand dollar 1.7223 Enditem Credit: Source
The Top 10 Forex Coaches To Follow in 2020 – Yahoo Finance
Forex News

The Top 10 Forex Coaches To Follow in 2020 – Yahoo Finance

NEW YORK, NY / ACCESSWIRE / July 9, 2020 / The foreign exchange, also known as Forex, has given birth to a new generation of traders who have been able to create financial freedom from their computers. Trading these markets successfully takes time, experience and patience - and a little bit of guidance. Here we present 10 of the Forex coaches leading the way and helping their clients thrive: 1. Hassan Mahmoud @hassansmahmoud Growing up, Hassan Mahmoud's experience of the U.S.A didn't quite live up to the ‘American Dream' he and his family had hoped for. Hassan's family moved from Palestine to America, where he was born, and it didn't take long before Hassan had the entrepreneurial itch. Starting his first successful entrepreneurial venture selling candy while in school, Hassan drop...
14th consecutive decline in US claims
Forex News

14th consecutive decline in US claims

After it pared declines as a mostly risk-on session in Asia, led by a continued rally in Chinese stocks, gave way to a less certain session in European markets, Dollar was little changed after the slightly higher than consensus rise in jobless claims. EURUSD turned slightly lower to 1.1335 from 1.1340, while USDJPY was pretty much unchanged, bouncing between 107.17-107.40. US initial jobless claims dropped -99k to 1,314k in the week ended July 4, close to forecasts. The prior report for June 27 was revised to show a -69k decline to 1,413k (was 1,427k). This is the 14th week of decline from the record 6,867k from March 27. It brings the 4-week moving average to 1,437.25k from 1,500.25k (was 1,503.75k). Continuing claims declined -698k to 18,062k in the week ended June 27 versus 18,76...
Market exchange rates in China — July 9 – Big News Network
Forex News

Market exchange rates in China — July 9 – Big News Network

BEIJING, July 9 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Thursday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S. dollar 100 700.85 Euro 100 794.21 Japanese yen 100 6.5296 Hong Kong dollar 100 90.432 British pound 100 883.80 Australian dollar 100 489.41 New Zealand dollar 100 460.51 Singapore dollar 100 503.63 Swiss franc 100 746.65 Canadian dollar 100 518.38 Malaysian ringgit 60.874 100 Ruble 1,016.89 100 Rand 241.69 100 Korean won 17,035 100 UAE dirham 52.429 100 Saudi riyal 53.538 100 Hungarian forint 4,465.92 100 Polish zloty 56.316 100 Danish krone 93.79 100 Swedish krona 130.96 100 Norwegian krone 133.77 100 Turkish l...
Forex Trading in Ukraine • Forex Strategies • Benzinga – Benzinga
Forex News

Forex Trading in Ukraine • Forex Strategies • Benzinga – Benzinga

Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more. Many foreign investors shy away from Ukraine for good reason. Currency control rules that usually center on domestic transactions apply to businesses and residents, both foreign and domestic within the country. Ukraine’s singular financial focus is the stabilization of the hryvnia, or hryvna, the currency that replaced the hyperinflated karbovanets of the Soviet era. Attribution: Kyiv Post It was 2019 that brought some well-received relaxation of foreign exchange regulation. The National Bank of Ukraine (NBU) did away with around 40 restrictions that had limited commerce in the country for decades. Among other reforms, Ukrainian companies no longer have to hold...