5 Central Bank Events to Rock the Forex Market This Week


Article source: fxstreet.com

Still catching your breath after last week’s fast-paced forex market moves? Better hurry up because we’ve got another action-packed one comin’ right up! To help you with your trading prep, here’s a rundown of the central bank events that you should watch out for.

1. RBA interest rate statement (Oct 6, 3:30 am GMT)

Reserve Bank of Australia (RBA) Governor Glenn Stevens and his gang of policymakers are set to get the central bank party started with their policy statement tomorrow, although most forex junkies are expecting them to keep interest rates on hold at 2.00%. forex rbaWhile it’s no secret that the Land Down Under might be facing gloomier days ahead due to Chinese slowdown concerns, central bank officials seem inclined to wait for more data before deciding to pull the easing trigger.

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Forex rigging scandal still hangs over banks


Article source: ft.com

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The foreign exchange rigging scandal that resulted in multibillion-dollar fines for more than a dozen global banks has become a potentially lucrative source of damages for investors and law firms alike.

Twelve months ago several large institutional investors, including the $4.5bn City of Philadelphia pension scheme and the $3.4bn State Boston Retirement System, were nervously watching the progress of regulatory investigations into forex rigging.

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Binary Options – Pros and Cons

Forex Trading

Article source: newzealandtimes.co.uk

Binary options are a relatively new investment vehicle. However, they have become incredibly sought-after and continue to grow in popularity, and for good reason. The reality is that binary options offer incredibly high returns over a short period of time, making for an exciting investing environment.

If you’re interested in trading binary options, it’s important that you understand exactly what they are, as well as the pros and cons associated with trading. Today we’ll go over binary options in detail, to help you understand exactly what this trading vehicle is.

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