Dec 102014
 
Wall Street may not recover from this trading trend

J.P. Morgan reported a 2.1% increase in its fixed-income, commodities and currency trading unit. Citigroup's revenue jumped 6.7%. At Goldman Sachs …
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HSBC fires forex trading chief

HSBC has fired a top foreign exchange (forex) trading executive a month after being fined £389 million by US and UK regulators over market rigging.
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Greece Spooks Markets As Bullish Traders Flee The Greenback

The euro edged up on the U.S. dollar on Wednesday despite political uncertainty in Greece weighing on the common currency. Meanwhile …
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The strongest and weakest currency in trading today as NY enters (December 10)

I don't know if the close yesterday broke the string of 8 straight lower closes, but let's just say a tie was better than a loss for the currency. Although the …
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Dec 102014
 
Iceland cuts rate 50 bps, inflation markedly below target

Iceland's central bank cut its policy rates, including the benchmark seven-day lending rate, by another 50 basis points to 5.25 percent to help offset a …
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Forex Technical Trading: The good/bullish news…the GBPUSD held the 100 hour MA

Other bullish news, is that the price held above the “yellow area” in yesterday's trading. That level is the home to a number of lows going back to …
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HSBC sacks head of European forex trading

HSBC has sacked its European currency trading chief in the wake of a huge $618m (£394m) fine for manipulating the £3.3trn a day foreign exchange …
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Forex Technical Trading: EURUSD trading quietly but up on the day

The EURUSD is trading quietly in a narrow trading range today. … See post from yesterday: Forex Technical Trading: EURUSD back down to a break …
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Dec 102014
 
Taking the FX risk out of overseas investing

Currency fluctuations do matter, to individuals as much as to large institutional traders. In fact, currency fluctuations are many times the source of …
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Trading bets in the commodity space

Prices can either be mean-reverting with ranged trading. … However, high leverage in currency contracts means that even a small currency movement …
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HSBC share price little changed following dismissal of chief London FX trader

HSBC was among six banks that settled UK and US investigations into currency trading. Europe's largest bank agreed to pay $343 million to the UK …
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Trade with conviction, but the right sort

Currency trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to …
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Dec 102014
 
Forex Trading in Singapore Tanks Lower, While CFDs Remain on Track

On the forex trading front, the leadership position of IG Markets last year has been challenged heavily by OANDA which has grown its market share by …
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Ichimoku Cloud Analysis 10.12.2014 (GBP/USD, GOLD)

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Kumo Cloud …
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AUDUSD: Forex Technical Analysis December 10, 2014

Today we consider AUD/USD currency pair on the H4 chart. The price is moving within the limits of D1 and H4 downtrend channel: bearish trend is …
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HSBC dismisses head of forex trading for EMEA: Source

LONDON: British bank HSBC has dismissed its head of foreign exchange trading for Europe, Middle East and Africa, Stuart Scott, a source with …
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Dec 102014
 
Forex – GBP/USD holds steady after downbeat UK trade data

Investing.com – The pound held steady against the U.S. dollar on Wednesday, trading within close distance of a 15-month low after data showed that …
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Markets decline on China and Greece outlook

US stocks started Tuesday trading with a sharp drop after unexpected move by Chinese authorities to tighten lending rules and news of surprise …
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Loonie Edges Lower Following Soft Jobs Report

The employment and trade reports add to the prospects for slower Canadian growth in Q4 and throughout 2015 relative to the elevated 3.6% pace in …
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Presenting the Dividend Death Watch

As the carnage in the energy sector continues, the butcher's bill of dividend casualties is starting to grow. Back in March, I explained how Seadrill …
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Dec 102014
 
HSBC dismisses London head of FX trading

HSBC has dismissed Stuart Scott, its London-based head of currencies trading, in connection with the global investigations that have led to the bank …
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HSBC dismisses head of FX trading for EMEA: source

LONDON (Reuters) – British bank HSBC has dismissed its head of foreign exchange trading for Europe, Middle East and Africa, Stuart Scott, a source …
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Russia to Consider Regular Foreign Currency Sales to Calm Ruble

Russia to Consider Regular Foreign Currency Sales to Calm Ruble … However, despite the verbal intervention, the ruble is trading down 0.7% against …
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HSBC fires head of European currency trading

The foreign exchange rate-rigging scandal claimed another victim this week when HSBC fired Stuart Scott, its European head of currency trading, …
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Dec 102014
 
HSBC Dismisses London Head Of FX Trading — Source

LONDON– HSBC Holdings PLC has dismissed Stuart Scott, its London-based head of currencies trading, in connection with the global investigations …
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Exgate, Bitreserve and JSC Caufex Partner to Bring Settlement, Liquidity and Regulation to Bitcoin …

A provider of bitcoin and digital currency trading solutions to the online brokerage industry, Exgate's products include MetaTrader 4 white labeling, …
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Risk Aversion Rallies The Japanese Yen

In terms of currency, Asian currencies are trading on a negative note with respect to the dollar. The US dollar bounced back against all the major …
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Risk-off correction hurts the US dollar

On Monday, currency markets experienced a clear risk-off session. The yen is still the preferred safe haven currency. Unwinding of carry trades funded …
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Dec 102014
 
NYWinterstorm.us Features The Perks of Forex and Stock Market Analysis

This is providing them optimal assurance that the time and effort they are going to spent in analyzing forex trading and stock market will not be wasted …
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Trade Idea Wrap-up: GBP/USD – Buy at 1.5600

Cable's strong rebound after falling to 1.5541 yesterday suggests a temporary low has been formed there and consolidation with upside bias is seen …
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Dec 102014
 
GBP/USD: Pound Trading On A Weaker Footing This Morning

Trading trends in the Pound today are expected to be determined by the … The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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AUD/USD: Aussie Trading Lower In The Asian Session

In the Asian session, at GMT0400, the pair is trading at 0.8294, with the … The currency pair is showing convergence with its 20 Hr moving average …
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Dec 102014
 
ForexLive Asia FX news wrap: Volatility again in the yen

EUR, GBP and CHF against the USD were not where most of the action was, but all had a little bit of a wiggle and end the session stronger against the …
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Oil Price Drop Sends FX Traders to Yen

The Japanese Yen made strong gains during Tuesday's Asian and European trade after the news that oil prices had fallen again sent FX investors in …
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