Wells Fargo and HSBC Bank said on Monday that they will use a blockchain-based product for settling matched foreign exchange transactions.The two banking giants agreed to use a shared settlement ledger to process U.S. dollar, Canadian dollar, pound and euro transactions, with plans to expand the process to other currencies in the future.The announcement comes as other major … [Read more...] about Wells Fargo, HSBC to Settle Forex Transactions Using Blockchain
Forex
What is Forex? FX Trading Explained
Forex Trading: What is Forex?Forex trading is a term used to describe individuals that are engaged in the active exchange of foreign currencies, often for the purpose of financial benefit or gain. That can take on the form of speculators, who are looking to buy or sell a currency with the goal of profiting from the currency’s price movement; or it can be a hedger that’s looking … [Read more...] about What is Forex? FX Trading Explained
The Nucleus of the Forex Market: Trade and Capital Flows
Talking Points:The Nucleus of the Forex Market are Trade and Capital FlowsThis article shows why trade and capital flows, driven by currency spot prices, can be so impactful to an economy and a company operating inside of that economy.Below, we look at a hypothetical example using real prices and actual scenarios that have impacted the Japanese economy. At the core of the FX … [Read more...] about The Nucleus of the Forex Market: Trade and Capital Flows
Short-Term Forex Signals via the IGCS Indicator
IG Client Sentiment (IGCS) is an indicator that can be used to determine a directional bias as well as hidden trends in the market. Through DailyFX, clients can access IGCS for a range of markets, including forex, indices, commodities and cryptocurrencies.This article will discuss how IG client sentiment may assist in providing short-term signals. Short-Term Signals via … [Read more...] about Short-Term Forex Signals via the IGCS Indicator