JPMorgan’s Bold Call: Why Carry Trades May Be Facing Their Final Days
A new JPMorgan report warns that carry trades are losing effectiveness as global interest rates…
Zimbabwe Injects $50 Million to Bolster Devalued Currency
The Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support…
Nigeria’s Central Bank Raises Benchmark Rate by 50 Basis Points
The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25%…
Court Orders New York Man to Pay $36M for Forex, Digital Asset Fraud
William Koo Ichioka has been ordered to pay over $36 million after admitting to a forex and digital…
Ethiopia Announces Launch of Forex Auction Sale Days After Birr Float
The National Bank of Ethiopia (NBE) said it will conduct a special foreign exchange auction on Aug.
Nigeria Acts to Stabilize Currency with Forex Auction
The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of…
El Paso Man Fined $31M for Forex and Crypto Fraud
A federal court has ordered Abner Alejandro Tinoco and his company, Kikit & Mess Investments…
Nigeria Acts to Defend Naira After Currency Hits New Record Low
The Central Bank of Nigeria recently sold U.S. dollars to Bureaux de Change (BDC) at a flat rate of…
Wolf of Uzbekistan, Which Made $19,000,000 Out Of $1000 In 2 Years
Eshniyozov Shohjaxon Akmal Ogli, the inspiring Forex trader known as “Brother” within the…
