President Trump complained about the US dollar’s strength several times in 2019, but eight major currencies are set to outperform the dollar this year. The US dollar index (DXY) is up more than 1% year-to-date, rising despite summer recession fears and trade war tensions. Here are the eight major currencies […]
Vanguard Group is testing a blockchain-powered platform that would allow asset managers to trade currencies without using major banks as intermediaries, Bloomberg reported Thursday. The currency market handles $US6 trillion each day, and is currently dominated by firms like JPMorgan Chase and Citi. Vanguard’s platform would skirt the banks’ fees […]
Argentinian traders found a new way around their government’s capital controls – and the bond-trading technique is consistently netting 7% returns, Bloomberg reported. The traders profit off the difference between the US-Argentine peso exchange rate and the government’s new peso value. The official exchange rate of about 56 pesos to […]
XTX Markets, an algorithm-based electronic trader started four years ago, handles $US150 billion in trades each day. They’re using an online contest to find the next round of data scientists to hire. The winner of the contest could win $US100,000 and a job. View Markets Insider’s homepage for more stories. […]
Crispin Odey, the Brexit-backing billionaire hedge fund manager, now says that Britain won’t actually end up leaving the European Union. As a result, Odey says he is betting on the pound jumping in coming months. The currency “looks like it could be quite strong,” Odey told Reuters, saying he sees […]
Buying and selling currencies is a smart way to earn a comfortable living, but you’re going to need some training before you start playing the market. While a four-year undergrad program would certainly suffice, you can master the essentials behind this lucrative field for a fraction of the cost and […]
Resume looking a little bland? How about adding a skill that’s sure to pay dividends in the future? With the New York Forex Institute Training & Certification Course, you can certify your skills in buying, selling, and exchanging currencies and make bank in the world’s largest market.
