Search Results for: currencies
Dollar Extends Drop as Japan Leads Stocks Lower; Metals Rise
July 28th, 2016
Odds of Fed rate increase this year remain below 50% South Korean won climbs to October high; yen rebounds The dollar extended losses after the Federal Reserve reiterated its gradual approach to raising interest rates, despite acknowledging risks to ...
SEC: State Street Misled Custody Clients About Prices for Foreign Currency Exchange Trades
July 27th, 2016
The Securities and Exchange Commission today announced that State Street Bank and Trust Company has agreed to pay $382.4 million in a global settlement for misleading mutual funds and other custody clients by applying hidden markups to foreign currency ...
Yen Plunges and Japan Stocks Rebound on Stimulus Bets; Oil Sinks
July 27th, 2016
Aussie jumps after inflation data, before reversing gains U.S. stock-index futures climb on Apple’s after-market rally The yen dropped as Japan’s Prime Minister was reported to commit to a $265 billion stimulus package. Chinese stocks tumbled and crude oil ...
Nikkei sells off on fresh yen strength; rest of Asia trades mixed
July 26th, 2016
Japanese stocks sold off in a mostly positive Asian session on Tuesday, dragged by fresh strength in the yen after a local media report suggested the government’s highly anticipated stimulus package may not live up to expectations. Other Asian ...
Weaker dollar lifts oil prices, but mood remains bearish
July 26th, 2016
Oil prices rebounded from over three-month lows on Tuesday, lifted by a drop in the dollar, but concerns of ongoing oversupply weighed on markets and many traders are raising their bets on further price falls. International Brent crude oil ...
Precious Metals Slide on Stronger Dollar Before Fed as Yen Drops
July 25th, 2016
Ringgit falls sixth day to lead Asian currency declines Turkish stocks climb after steepest weekly drop since 2008 The dollar’s strength weighed on precious metals as investors looked toward central bank meetings this week in the U.S. and Japan. European ...
The real message from asset inflation
July 22nd, 2016
The earliest signs are developing of hyperinflation, more correctly described as a collapse of the purchasing power of all the major government currencies. Central bankers are almost certainly unaware of this danger, partly because their chosen statistics fail to ...
Oil futures up slightly, face weekly decline as glut fears persist
July 22nd, 2016
Crude oil futures eased on Friday, extending big falls in the previous session as investors reassessed U.S. data underlining the glut in petroleum, while Iraqi crude exports are also on the rise. The global oversupply of oil has been ...
Coinbase is adding support for Ethereum
July 22nd, 2016
Since Coinbase was founded in 2012, hundreds if not thousands of Bitcoin competitors (typically referred to as alt-coins) were created. But Coinbase ignored the noise and remained focused on supporting just one currency – Bitcoin. But today that changes, as Coinbase ...
Asian Stocks Drop as BOJ Rejecting Helicopter Money Supports Yen
July 22nd, 2016
Oil below $45 a barrel as gold retreats with copper, nickel Ringgit sinks as 1MDB scandal in focus; yuan strengthens Asian stocks fell with European equity index futures as commodities sank to levels last seen in May. Malaysia’s ringgit ...
