The Egyptian pound continued its appreciation against the US dollar on Monday, supported by an increase in foreign exchange (FX) flows into the Egyptian market. The US dollar value lost 32 piasters against the local currency, reaching EGP 15.90 to…
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Monster Maker! A Talk with FX Master Tom Devlin
After recently reviewing the newest film from Full Moon Features, Blade: The Iron Cross, we had a chance to catch up with accomplished special makeup effects artist Tom Devlin. We dive into Puppet Master, Tom Devlin’s Monster Museum, SyFy’s Face…
Read MoreEmerging Economy Forex Added to Bitcoin-Based Trading Platform PrimeXBT
The currencies of some of the world’s most prominent emerging economies have been added for trading against the likes of the Pound, US Dollar and Euro on popular Bitcoin-based trading platform, PrimeXBT. There are 15 new assets added to the…
Read MoreNigeria Stops Forex Access for Corn Imports
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter Nigeria’s central bank has blocked access to foreign exchange for corn imports as it seeks to boost local farming output. All authorized dealers must immediately stop…
Read MoreFixed income, currency market turnover in May lowest since January 2018
Nigeria’s Fixed Income and Currency (FIC) markets turnover for the month ended May 29, 2020 was N11.78trillion, indicating a month-on-month (MoM) decrease of 29.46percent (N4.92trillion) from the turnover recorded in April 2020 (N16.70trillion)…
Read MoreFX unification seen addressing concerns of ‘distortions’ in PMS importation
There is hope that the unification of foreign exchange market being pursued by the Central Bank of Nigeria (CBN) will address concerns occasioned by preferential premium rate and forestall arbitrary access for petroleum product import, oil…
Read MoreFX market opens with naira unchanged at N465 on black market
The foreign exchange market opened on Monday morning with Nigeria’s currency stable on the black market as the dollar traded at N465, the same rate since Thursday last week. While dollar liquidity slows at the official forex market, investigations…
Read MoreLearning about the Forex currency pairs in details
Forex trading is all about the movement of one currency and how it affects another. When you are trading, you are buying or selling one currency in exchange for another. Every time you are in the Forex market, you will be working with currency…
Read MoreWhat changed for the market while you were sleeping? Top 10 things to know
The Indian stock market is expected to open in the green following positive global cues despite a continued surge in coronavirus cases. Trends on SGX Nifty indicate a positive opening for the index in India with 45 points gain. Indian markets…
Read MoreJapanese Market Rises
The Japanese stock market is rising on Monday as upbeat coronavirus treatment and vaccine news overshadowed worries about the recent surge in new coronavirus cases worldwide. Drugmaker Gilead Sciences said its drug remdesivir showed a sharp…
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