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June was a weaker period compared with the previous month 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 June 2016.
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For the month ending June, total retail FX obligation went down by about 2% MoM from May 2016. Moreover, except for TD AMERITRADE, each and every individual broker has ... (read more)