Forex technical trading: GBPUSD continues consolidation

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Dec 112014
 
Forex technical trading: GBPUSD continues consolidation

The GBPUSD has been in it's own consolidation range. On the top, the 1.5734-40 has attracted sellers. On the downside, the 1.5616-28 has been an …
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Trade Idea Update: USD/CHF – Sell at 0.9720

As the greenback has resumed the fall from 0.9818 top (this week's high) after meeting renewed selling interest at 0.9723, bearishness remains for this …
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S&P 500 rebounds in early trading

At last trade, the index was up 18 points to 2026. … He was previously the chief currency strategist at XForex and has also worked with Intermarket …
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Forex Technical Trading: AUDUSD makes new 2014 lows but finds buyers

Governor of the RBA Steven's comment that the AUDUSD deserves to be a 0.7500, led to a run below the 2014 low for the AUDUSD – but only briefly.
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Forex Technical Trading: EURUSD makes new day lows but finding support at a familiar place on …

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Dec 112014
 
Forex Technical Trading: EURUSD makes new day lows but finding support at a familiar place on …

The EURUSD is down testing the 1.2394-97 area. This has been a low floor “bounce point” on a number occasions. It has also been a resistance level …
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NZDUSD Climbs Post RBNZ Rate Decision

The New Zealand dollar was seen trading higher after the RBNZ interest rate decision in which the central bank decided not to introduce any change.
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Trade Idea: USD/JPY – Stand aside

Although the greenback resumed this week's fall from 121.85 top and broke below previous support at 117.87, lack of follow thorugh selling suggests …
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Euro Edges Higher Following LTRO; MACD Generates Buy Signal

The Euro edged higher on Monday and positive momentum returned as the uptake from the LTRO was in line with expectations. IFO cuts German …
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NY regulator probing Barclays and Deutsche over forex algorithms

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Dec 112014
 
NY regulator probing Barclays and Deutsche over forex algorithms

The state's Department of Financial Services is reviewing whether the use of computer algorithms in bank currency trading platforms suggests a …
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Currencies Vacillate From Risk On To Risk Off

The US dollar dipped in the Asian session giving up a few points to trade at 88.23 after breaking above the 89 level last week as traders return to risk …
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EUR/USD Technical Analysis: Short Trade Profits Taken

The Euro broke out upward from a Falling Wedge chart formation as expected after showing a bullish Morning Star candlestick pattern. Near-term …
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Currency trader Stuart Scott dismissed by HSBC in wake of the conspiracy to manipulate the …

The High Street giant has dismissed Stuart Scott, the head of currency trading in Europe, the Middle East and Africa, a month after it was fined …
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HSBC dismisses London FX trading chief

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Dec 112014
 
HSBC dismisses London FX trading chief

LONDON — HSBC Holdings PLC has dismissed Stuart Scott, its London-based head of currencies trading, in connection with the global …
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Markets tumble as oil keeps falling

The S&P 500 energy sector dropped 6% over the past three trading sessions. … this weekend and extend measures that have weakened the currency.
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UK Brokers CMC & IG Mark Their Lengthy Existence with an Upbeat Spend in Advertising

Global players in the CFD and currency trading markets are known for their lavish marketing budgets as they compete in the congested marketplace …
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GBPUSD: Forex Technical Analysis December 11, 2014

The first indicator is released monthly by the US Census Bureau and, therefore, it is of interest for position trading. CRS shows a relative change in the …
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Expect Indian Rupee to trade on negative: Angel Broking

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Dec 112014
 
Expect Indian Rupee to trade on negative: Angel Broking

According to Angel Broking, Indian Rupee is expected to trade on a … The currency depreciated on the back of dollar demand from the oil companies.
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HSBC axes head of foreign exchange

LONDON — British bank HSBC has dismissed head of foreign exchange trading for its Europe, Middle East and Africa Stuart Scott, a source with …
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New York Regulator Takes Closer Look at Currency-Trading Algorithm at Barclays, Deutsche Bank

Benjamin Lawsky, Superintendent of the New York State Department of Financial Services, who is investigating about a dozen banks, has ordered a …
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HSBC Sacks Top Forex Trader, Sky Sources Say

The London-based HSBC head of foreign exchange trading for Europe, the … for Best Bank for Emerging European, Middle-Eastern and African Currencies. … During his time at HSBC the trader, Frank Cahill, worked for Mr Scott.
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PRESS DIGEST- British Business – Dec 11

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Dec 112014
 
PRESS DIGEST- British Business – Dec 11

Stuart Scott, head of forex trading for Europe, the Middle East and Africa, was dismissed on Tuesday, sources confirmed. (bit.ly/139abIO).
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New York banking regulator probing Barclays, Deutsche Bank's FX algorithm – source

(Reuters) – The New York banking regulator is investigating if Deutsche Bank (DBKGn.DE) and Barclays Plc (BARC.L) used algorithms on their trading …
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Korea holds rate, consumption, investment inadequate

South Korea's central bank maintained its base rate at 2.0 percent, as widely expected, but struck a largely negative note about economic prospects by …
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Lawsky Said to Probe Barclays, Deutsche Bank FX Algorithm

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Dec 112014
 
Lawsky Said to Probe Barclays, Deutsche Bank FX Algorithm

The algorithms were embedded in Barclays's BARX trading platform and … Citigroup, Deutsche Bank, Barclays and UBS are the top four currency …
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US stocks slide the most in two months

In currency trading, the dollar fell to 117.90 yen from 119.40 late Tuesday. The euro rose to $1.2445 from $1.2385. In metals trading, Gold was little …
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HSBC currency chief out after forex rigging scandal

HSBC, Europe's biggest bank, has sacked its European currency trading chief in the wake of a huge $618m (£394m) fine for manipulating the £3.3trn …
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Scott is latest senior trader to lose job over FX probe

Stuart Scott was previously head of currencies trading, Emea, at HSBC HSBC has dismissed Stuart Scott, head of FX trading in Europe, the Middle …
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Volatility leaves market participants scratching heads.

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Dec 112014
 
Volatility leaves market participants scratching heads.

Ahead of the announcement the Swiss National Bank will make its policy decision (08:30) with currency traders potentially underestimating the …
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Dollar recovers losses against yen as Nikkei firms up

But as the stock index firmed up, the U.S. currency recouped its losses, returning to the ¥118 level and more stable trading. Following the tumble in …
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Deals of the Year 2014: Bond Issue Boosts UK's Renminbi Trading Cred

Given that some 40 central banks now hold the Chinese currency, this move … Britain accounted for 60 percent of European renminbi trading in 2013, …
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Dow plummets 268 points as oil price drop sinks energy stocks

In currency trading, the dollar fell to 117.90 yen from 119.40 late Tuesday. … In metals trading, Gold was little changed, dropping $2.60, or 0.2%, …
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Armenian Central Bank Vows to Halt Dram Depreciation

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Dec 112014
 
Armenian Central Bank Vows to Halt Dram Depreciation

The move followed Prime Minister Hovik Abrahamian's calls for tough CBA action against “speculative” currency trading which he blamed on the …
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Asian Shares Mostly Lower on Weak China Data

CURRENCIES: The dollar fell against the Japanese currency, trading at 118.86 yen versus 119.40 late Tuesday. The euro edged higher to $1.2394 …
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SET mulls next step for gold

He said spot gold trading was crucial to achieving the SET's goal of … had facilities such as a clearinghouse that could serve multiple-currency trading.
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New York Regulator Probing Barclays, Deutsche Bank FX Algorithm

New York Regulator Probing Barclays, Deutsche Bank FX Algorithm … algorithms on their trading platforms to manipulate foreign-exchange rates, …
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