foreign exchange (forex)

Singapore economy

Goldman joins JPMorgan in building forex trading hub in Singapore

Singapore’s currency market saw average trading volumes of US$633 billion a day in April 2019, higher than Hong Kong and Japan.

Forex

SGX wins 'Best Exchange for FX' at FX Markets e-FX Awards 2020

SGX took home the “Best FX Exchange in Asia” and “Best FX Clearing House in Asia” awards in 2018 and 2019 respectively.
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Investing 101

How to invest in forex for beginners

Great forex trading tips for beginner investors.

Forex

SGX to fully acquire cloud-based forex trading platform BidFX for $178.3 mil

Singapore Exchange (SGX) will acquire the remaining 80% in cloud-based forex trading platform BidFX from its other shareholders for a total cash consideration of US$128 million ($178.3 million).

Company in the news

Singapore forex platform raises $23.5 mil in series B funding, counts HSBC and Citigroup among investors

HSBC and Citi join Goldman Sachs Group Inc. as investors in Spark Systems after participating in series B funding that’s raised US$16.5 million (S$23.5 million) over two rounds, according to Chief Executive Officer Wong Joo Seng.

US-China trade war

US spares China from yuan-manipulator label amid trade war

WASHINGTON (Oct 18): The Treasury Department stopped short of declaring China a currency manipulator in its semi-annual report on foreign-exchange rates, averting an escalation of a trade war while serving notice that the US will closely watch the yuan af

Forex

UBS to start currency pricing, trading engine in Singapore

(Sept 4): UBS Group AG will introduce a new electronic currency pricing and trading engine in Singapore next year in a bid to boost liquidity in Asia’s largest foreign-exchange centre.

Currencies

Why aggressive intervention may do little to save Argentina's peso

SINGAPORE (Sept 3): Fund managers are worrying that the worst has yet to come in Argentina’s peso crisis as big names in the bond market continue to take a beating, according to the Financial Times.   

Broker's Calls

IHH Healthcare still a promising 'buy' after 2H earnings disappointment, says CGS-CIMB

SINGAPORE (Aug 29): CGS-CIMB Research is maintaining its “add” recommendation on IHH Healthcare with a lower target price of RM6.63 ($2.21) compared to RM6.86 previously, even as the dual-listed Malaysian private healthcare operator’s 2H18 results m

Broker's Calls

Food Empire downgraded as US ramps up sanctions against Russia

SINGAPORE (Aug 15): RHB Research is downgrading its call on Food Empire to “neutral” from “buy” while lowering its target price on the stock to 60 cents from $1.07 previously to reflect a lower target P/E of 14 times as a result of lower valuation
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