Search Results for: US Dollar
Trade deals – a global issue
October 7th, 2016
The annual Conservative Party conference commenced last Sunday, and the media focus was mostly about the Government’s stance on Brexit. This is hardly surprising, because Mrs May is being secretive, avoiding stoking a public spat with the EU by ...
Asia Stocks Fall as Pound’s Flash Crash Supports Yen, Treasuries
October 7th, 2016
Sterling briefly sinks as much as 6.1%, most since Brexit Dollar gains as Fed rate-hike bets build before payrolls Asian stocks fell with U.S. equity index futures and the yen strengthened after a sudden plunge in the pound spooked ...
World Gone Mad, Part 1: “Huge Demand” To Lend Italy Money For 50 Years
October 6th, 2016
You read that right. Not only is Italy selling 50-year bonds, but people are lining up buy them. Italy’s first 50-year bond sale had huge demand (Reuters) – Italy sold its first 50-year bond on Tuesday as ...
Payoneer raises $180m in venture capital funding
October 6th, 2016
Payoneer has raised $180 million from venture capital investors. The New York-based money transfer service, specializing in cross border transactions and escrow-as-a-service (EaaS) to dealmakers, is now backed by Technology Crossover Ventures (TCV). This round, plus the most recent Series ...
Ruble best performing emerging market currency since OPEC deal in Algeria
October 6th, 2016
The Russian currency is extending its gains on Wednesday, buoyed by rising oil prices. The ruble has outpaced the Argentinian peso, Hungarian forint, Taiwanese dollars and other emerging market currencies since OPEC agreed to cut production last week. The ...
Asian Stocks Climb With Oil Near $50 as Fed Bets Weigh on Bonds
October 6th, 2016
Yen steadies after seven-day slide as Korean won gains Samsung Electronics rises to all-time high; Sompo surges Asian stocks rose as the yen’s slide to a one-month low boosted Japanese exporters and energy companies rallied following gains in oil ...
Can You Imagine The Fed Raising Rates In This World? Bank Bail-In Edition
October 5th, 2016
I know it’s bad form to express sympathy for the people running the world’s central banks. But come on, they’re human beings in an impossible spot with no idea how to escape. The pain they feel is both intense ...
CME Group Reached Average Daily Volume of 15 Million Contracts per Day in September 2016
October 5th, 2016
CME Group, the world’s leading and most diverse derivatives marketplace, today announced that September 2016 average daily volume (ADV) reached 15 million contracts per day, up 6 percent from September 2015. CME Group September 2016 options volume averaged 2.9 million contracts per day, up 9 ...
CFTC charged Schooloftrade.Com and its owners for fraud
October 3rd, 2016
The U.S. Commodity Futures Trading Commission (CFTC) filed a civil anti-fraud enforcement action in the U.S. District Court for the Central District of California charging Defendants Joseph Dufresne (a/k/a Joseph James) and Megan Renkow (a/k/a Megan James), both of Palos Verdes Estates, California, ...
Is Forex Trading Gambling? The Short Answer Is No
October 3rd, 2016
To the uninitiated, there appears to be little difference between forex trading and gambling. The same can be said of any form of financial trading. There are many layers to the question, is forex trading the same as ...
