Search Results for: World Bank
Markets closed as US celebrate Martin Luther King Day
January 19th, 2015
Friday was marked by growing quotes on international stock markets. The Michigan consumer sentiment index in January outstripped forecasts and suddenly reached 98.2 points, renewing its 11-year maximum. All the other American macro-economic data also appeared to be positive. ...
FXTM announced Normal Trading Resumes in fully Tradable Mode Again
January 19th, 2015
After switched trading on CHF-based instruments to “Close-only” mode, FXTM announced today Normal Trading Resumes with CHF-based Instruments in Fully Tradable Mode Again. Markets are gradually stabilizing in the aftermath of last week’s surprise events, which shocked the global ...
Switzerland Underestimated Effect Of Currency Move On Swiss Franc
January 19th, 2015
After Switzerland’s central bank shocked global markets with a surprise currency move on Thursday, the global consensus a day later was: No more surprises, please. Currency brokers across the globe suffered deep losses, people in Geneva lined up at ...
Swiss Franc Trade Is Said to Wipe Out Everest’s Main Fund
January 19th, 2015
Marko Dimitrijevic made a smart bet in December. The hedge fund manager, wagering the Swiss franc would fall, profited after voters there rejected a plan to have the central bank hold a fifth of its assets in gold. For ...
Why the Swiss unpegged the franc
January 19th, 2015
In the world of central banking, slow and predictable decisions are the aim. So on January 15th, when the Swiss National Bank (SNB) suddenly announced that it would no longer hold the Swiss franc at a fixed exchange rate ...
The first stage in the washing cycle – Placement (video)
January 19th, 2015
Placement Placement is the first stage of the money laundering process. It is the process of placing, through deposits or other means, unlawful cash proceeds into traditional financial institutions. At this stage cash derived from criminal activity is infused ...
Leucadia is investing $300 million in cash into FXCM to Permit FXCM to Continue
January 19th, 2015
Leucadia National Corporation (NYSE: LUK) and FXCM (NYSE: FXCM) announced that Leucadia would be providing $300 million in cash to FXCM and its subsidiaries (collectively “FXCM”) that will permit FXCM to meet its regulatory-capital requirements and continue normal operations ...
Investors fear global economy slowdown
January 16th, 2015
US stocks were traded lower on Thursday for the fifth consecutive time. Investors are concerned over global economy slowdown, which indicates a plunge in world crude oil prices, and fear that the results of American earnings reports wouldn’t meet ...
FXTM Announce on CHF Pairs
January 16th, 2015
Trading on CHF Pairs Switches to “Close-Only” Mode Following SNB Shock Decision The Swiss National Bank’s decision to abandon the franc’s cap against the euro just days after officials stated that this policy is as concrete as ever, sent ...
FXCM Comments on Swiss Franc Movement
January 16th, 2015
FXCM (NYSE:FXCM) an online provider of forex trading and related services worldwide, announced today due to unprecedented volatility in EUR/CHF pair after the Swiss National Bank announcement this morning, clients experienced significant losses, generated negative equity balances owed to ...
