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April was rather disappointing for the American retail FX trading industry, as shown by the recently released monthly report by the Commodity Futures Trading Commission’s (CFTC). According to the latest data filed by US Futures Commission Merchants (FCMs) and Retail Foreign Exchange Dealers (RFEDs), firms’ retail forex funds suffered a decline in April 2016.
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For the month ending April, total retail FX obligation went down by 3.4% MoM from March 2016. Moreover, except for FXCM each and every broker has reported ... (read more)