Search Results for: Euro area
New Payment Systems Regulator sets out how it will regulate the £75 trillion industry
November 14th, 2014
The new Payment Systems Regulator (PSR) today sets out how it proposes to regulate the £75 trillion payments industry when it becomes fully operational on 1 April 2015. The proposals will further the PSR’s three objectives: to promote competition, ...
London Stock Exchange Group profits rise and is on course to complete Frank Russell acquisition in weeks
November 13th, 2014
London Stock Exchange (LSE) Group has reported a pre-tax profit of £136.8m for the half-year ended 30 September, up from £116m the same time last year. The FTSE 100 company enjoyed an 18 per cent rise in revenue to ...
FCA fines five banks £1.1 billion for FX failings
November 12th, 2014
The Financial Conduct Authority (FCA) has imposed fines totalling £1,114,918,000 ($1.7 billion) on five banks for failing to control business practices in their G10 spot foreign exchange (FX) trading operations: Citibank N.A. £225,575,000 ($358 million), HSBC Bank Plc £216,363,000 ...
Tuesday November 11: OSB Daily Technical Analysis – Currency pairs
November 11th, 2014
OSB Daily Technical Analysis for November 11, 2014 EUR/USD declined on Monday after rallying and finding resistance at the 1.25 handle. Pair is likely to gyrate at these levels as it looks for further direction. Support below at 1.2360. ...
Monday November 10: OSB Daily Technical Analysis – Currency pairs
November 10th, 2014
OSB Daily Technical Analysis for November 10, 2014 EUR/USD sold off breaking below the 1.24 handle on Friday finding support at the 1.2360 area and managed to close back above at 1.2545. Price action suggests some support further below ...
E.C.B. Threatened to End Funding Unless Ireland Took Bailout, Letters Show
November 10th, 2014
Newly released documents suggest that Ireland was pressured into a controversial 67.5 billion euro bailout that left taxpayers rescuing crippled banks, reigniting a fierce debate about the international aid that Dublin accepted after the financial crash. An exchange of letters, ...
UK banks face break-up threat as competition probe launched
November 6th, 2014
Britain’s big banks could be broken up after the country’s competition watchdog launched a full-blown investigation into services for small business customers and personal accounts because of a lack of competition. It marks the latest step by authorities to break the dominance of ...
Australia 200 – Starting to Enjoy Support from 5500
November 6th, 2014
Australia 200 for Thursday, November 6, 2014 The Australia 200 index has enjoyed a solid resurgence over the last month after getting much needed support from the 5200 level, which has resulted in it moving back above the 5400 ...
Gold – Drops Sharply to Below $1140
November 6th, 2014
In the last few weeks gold has fallen very strongly and resumed the medium term down trend falling from above $1250 back down through the key $1240 level, down below $1200 to a multi year low around $1140. In ...
Ruble Rout Intensifies as Russia’s Central Bank Limits Interventions
November 5th, 2014
The Russian ruble plunged when trading opened Wednesday as the Central Bank announced it would cap the amount of foreign reserves it spends to defend the currency. The ruble fell to historic lows, diving to 44.98 against the dollar ...
