Interbank market news scan: Foreign exchange brokers …

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London was overtaken by Amsterdam as the main European market centre in January, as more shares were traded in the Dutch capital. The shift, which initially looked ominous for City traders, comes as Brussels still refuses to recognise most UK regulatory systems as equivalent to its own post-Brexit. London dominating EU with almost half of world’s currency trading despite Amsterdam surge (msn.com)

From January 3rd and long term forecasts, the last 4 weeks trade ranges are viewed in relation to significant MA”s to complete a full month. To AUD/USD, GBP/USD and EUR/USD was added 5 year averages. Overall, EUR/USD was the first currency in August 2020 to break above its 5 year average  at 1.1300’s then the 10 year average in December 2020 at 1.2100’s. EUR/USD is categorized in the class of a risk asset and non USD currency. Currency Market: Weekly FX round up (fxstreet.com)

As issues continue to surround the recent order by the Central Bank of Nigeria to banks not to provide financial services to crypto currency businesses, in this report take accounts of how some low-income Nigerians have had a life changing experience from trading in crypto currency within the past few years, despite its volatility. How Low-income Nigerians get lifeline from trading Crypto currencies – The Sun Nigeria (sunnewsonline.com)

Blockchain analysis firm, Chainalysis’ latest crime report has named Mirror Trading International (MTI) as the biggest cryptocurrency scam of 2020. Mirror Trading International Named Biggest Crypto Scam of the Year After Raking in $589 Million – Regulation Bitcoin News

Currency pairsExchange Rate as of 4:15 pm 8 February 2021(1) As of 10:09 pm EST Exchange Rate as of 14 February 2021(2)
AUD/USD0.7656 0.7768
USD/CAD1.2781 1.2678
USD/CNY6.4664 6.4542
EUR/USD1.2035 1.2128
USD/INR72.8500 72.5700
GBP/USD1.3714 1.3868
USD/JPY105.4400 105.0400
USD/MXN20.1300 19.9154
USD/DKK6.1785 6.1338
USD/NOK8.5428 8.4263
BTC/USD Does not report 47,982.5000 *
ETH/USD Does not report 1,835.5300 *
Sources: Federal Reserve (1) ; Reuters (2); *ONADA

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