Search Results for: Dollar
“Typical Summer Overshoot” in EUR/USD Likely Warn Soc Gen
July 28th, 2017
Kit Juckes at Societe Generale believes the conditions are ripe for the Euro v Dollar exchange rate to rush to 1.20 this summer and make life difficult for the team at the European Central Bank. Juckes makes his views ...
Aussie Is Slowing Down After It Touched a Two-Year High
July 27th, 2017
The Australian dollar has been one of the worst-performing currencies early on Wednesday. Aussie has been depreciated during the Asian session yesterday as the CPI report released by the Reserve Bank of Australia fell short of market forecasts. The ...
Hedge funds’ preference for grains over softs ‘has gone far enough’
July 26th, 2017
Hedge funds’ preference for grains over soft commodities – at its strongest since 2012 – may have gone far enough, with commentators foreseeing cause for buying in the likes of cocoa and coffee, but selling in corn and wheat. ...
How Bitcoin is infiltrating the $60bn global art market
July 26th, 2017
Why is the art world getting excited about digital currency Bitcoin and its underlying technology blockchain? Eleesa Dadiani owns and runs an art gallery in London’s famous Cork Street. She was born in Georgia in the Caucasus and was ...
Oil steady ahead of producer meeting; Nigeria, Libya output in focus
July 24th, 2017
Oil prices held around a one-week low on Monday ahead of a joint OPEC and non-OPEC meeting later in the day that may address rising output in Nigeria and Libya. London Brent crude for September delivery was up 2 ...
Notable moves in markets and some key events coming up this week
July 24th, 2017
Stocks Mixed Before Earnings, Fed; Yen Pares Gains Stocks in Asia were mixed at the start of a week packed with earnings results and a Federal Reserve interest-rate decision. Oil remained below $46 a barrel before an OPEC meeting, ...
A Former Credit Suisse Banker Has Pleaded Guilty in an U.S. Offshore Tax Case
July 20th, 2017
A former Credit Suisse Group AG banker from Switzerland pleaded guilty on Wednesday to participating in a wide-ranging scheme to help Americans hide millions of dollars in offshore accounts to evade U.S. taxes. Susanne Rüegg Meier, a former manager ...
Hackers hijacked cryptocurrency trading platform and stole $7 Million
July 19th, 2017
Hackers hijacked cryptocurrency trading platform CoinDash on Monday just as it was in the middle of its initial coin offering, or ICO. It’s the first known breach of an ICO, this season’s hottest fundraising method. CoinDash, an Israeli startup, planned ...
BNP Paribas fined millions for unsafe practices in the Forex markets
July 18th, 2017
Federal Reserve Board announces $246 million fine against BNP Paribas S.A. and certain of its U.S. subsidiaries for unsafe and unsound practices The Federal Reserve Board on Monday announced that it will fine BNP Paribas S.A. and certain of ...
Asia shares rise; the Dow and S&P 500 hit record highs
July 17th, 2017
Asia shares rise on strong China GDP, accommodative Fed view Asian stocks set a fresh two-year high on Monday, boosted by stronger-than-expected economic growth in China and bets that lacklustre U.S. data will keep the Federal Reserve cautious about ...
