Welcome to Maxx Trading Guides
Currency Trading News
RBI sets limit on banks' currency futures, options trading positions
MUMBAI (Reuters) - Net overnight rupee open position limit for Indian banks shall not include positions taken in the currency futures and options segment, the Reserve Bank of India said on Monday. Positions ...
Read more...Canada Currency Tumbles as Europe Crisis Overshadows Data
Canada’s dollar dropped the most since November, falling for a third straight week as concern Europe’s debt crisis will worsen overshadowed government data showing inflation and factory sales rose more than forecast.
Read more...Currency Trading Platform iFOREX Introduces 1-on-1 Forex Training
Foreign exchange and CFD trading platform iFOREX has today announced the expansion of their Forex training services. All new iFOREX clients can now take advantage of a complementary 1-on-1 tutorial session where they can discuss the benefits of the Forex market with a trained representative.
Read more...Sudan starts trading devalued pound to end black market
KHARTOUM (Reuters) - Sudanese foreign exchange bureaux started trading Sudanese pounds at a devalued rate on Monday as part of an effort by officials to curb illegal trade and stablise the currency. Black market dealers in the capital Khartoum said they would continue to buy and sell currency for now to take advantage of the lingering - albeit slimmer - gap between the official and unofficial ...
Read more...World 'Hopefully' Through Worst of Currency Wars: Pro
The world has "hopefully" gotten through the worst in terms of what some analysts have called "currency wars," according to Chad P. Bown, senior economist at the World Bank's Development Research Group, Trade and International Integration.
Read more...