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IMF praises Central Bank of Nigeria’s flexible forex ploicy

June 20, 2016
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The International Monetary Fund (IMF) has hailed the decision by the Central Bank of Nigeria (CBN) to abandon its currency peg and adopt a flexible exchange rate policy, saying this was important to reduce fiscal and external imbalances. IMF spokesman, Gerry Rice, said that the Fund wanted to see how effectively the Naira exchange...

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FOREX-Sterling extends bounce on Bremain hopes, yen sags

June 20, 2016
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SYDNEY Sterling rallied early on Monday as momentum swung in favor for Britain to remain in the European Union just days ahead of a referendum, helping underpin risk sentiment which in turn weighed on the safe-haven yen. The pound climbed 0.9 percent to $1.4483...

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Fuel marketers laud new forex regime

June 20, 2016
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• ‘It‘ll spur investment’ As the flexible foreign exchange regime takes off today,  enabling importers access to forex, petroleum products importers are upbeat that the policy will help improve their operation. The implementation of the new policy unveiled has bolstered importers confidence who hitherto,...

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Forex Industry Week Review – Leverate’s restructuring, FXCM’s big problem, CySEC’s directive on pay, and lots more

June 20, 2016
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It was another week of exclusive Forex Industry News stories on LeapRate, as we once again brought to light all of the big industry-changing stories before anyone else. Change was...

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Controversy forces CBN to amend new forex policy

June 20, 2016
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By Emeka Anaeto, Economy Editor Lagos — A major  controversy has hit the new foreign exchange policy announced by the Central Bank of Nigeria, CBN, last week, a development...

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Forex technical analysis: EURUSD cracking back above topside resistance

June 15, 2016
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Back above the 100 day MA and testing the 100 on the 4-hour too. Can the momentum continue? The EURUSD has been on  recovery path today – albeit with...

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