foreign exchange

Bank of America Corporation (NYSE:BAC) shares are trading lower premarket on Monday after the firm stated that it is streamlining foreign exchange (FX) risk management for cross-currency payments and receipts. The bank introduced Guaranteed FX Rates of up to one year. That’s the longest tenor...

U.S. commodity exporters and pharmaceutical companies are among the top traders, with Japan casting a cautious eye toward the foreign exchange markets, in the coming days. Top exporters with significant Japanese interests include Exxon Mobil Corp (NYSE:XOM) and Chevron Corp (NYSE:CVX). The weak yen...

The Bank of Tanzania has embarked on a new venture to enhance the nation's foreign exchange reserves by procuring gold using the Tanzanian shilling. This initiative, announced on Sep. 25, aims to amass a significant six tonnes of gold from local miners and dealers during 2023. As the...

Investors are closely monitoring the Japanese government’s potential actions to support the yen as it nears levels that previously triggered intervention in the currency markets, reported Nikkei Asia. Yen’s Recent Performance The yen briefly hit 145 against the dollar on Friday and...

Despite recent fluctuations in sterling’s rally, currency speculators have increased their bullish bets on the pound to a nine-year high, Financial Times reports. Speculators Bullish on Sterling Speculative investors, including hedge funds, have shown increased optimism towards sterling,...

Even if you’re relatively new to stock trading, you’ve likely heard people talk about forex trading. The term “forex” is an abbreviation for “foreign exchange,” and it refers to the practice of trading foreign currencies. Forex traders attempt to take advantage...

Morgan Stanley (NYSE: MS) showed four traders the door after they reportedly tried to hide between $100 million and $140 million in trading losses, according to Bloomberg.  What Happened Four traders were fired from Morgan Stanley for allegedly mismarking securities that concealed a nine-digit...

Credit card company Mastercard Inc (NYSE: MA) is expected to report a "solid" fourth quarter on Jan. 31, but the company faces a "very challenging" 2019, according to Bank of America Merrill Lynch.  The Analyst Analyst Jason Kupferberg downgraded Mastercard ...

With the first day of fall around the corner, most markets are expecting trading activity to pick up as the summer doldrums fade away. The back-from-summer-vacation uptick in activity is a well-known phenomenon across Wall Street, as volume and volatility typically decline during the summer months...

Turkey's national currency, the lira, continues to trade near all-time lows against the U.S. dollar, and the country is approaching an economic crisis, the BBC reported. Here's what investors need to know Monday morning. The Analysts Jose Luis Daza, chief investment officer at...

A weaker U.S. dollar and stronger euro aren't compelling enough to reassure European investors, even at a time when the European Central Bank's Mario Draghi is touting the region's "robust recovery," Bloomberg reported. The euro is trading near its highest levels seen since January 2015, yet at the...

The world's biggest pension fund is now 7.9 trillion yen richer ($70 billion) richer. Japan's Government Pension Investment Fund earned a 5.9 percent return for the one-year period ended March 31, Bloomberg reported. The fund now holds 144.9 trillion yen worth of assets, including Japan-...

Ask any successful trader what their "secret" is and they will likely answer there is no magical formula to guarantee a profit. This was the commonly held belief, but apparently, this isn't the case, according to an academic paper published last month by Vahid Gholampour and Eric van Wincoop....