Author: Miriam Siers Source: Risk magazine | 16 Aug 2011 Categories: Trading Topics: Switzerland, Swiss franc, Sovereign debt crisis, foreign exchange (FX), Swiss National Bank
Bloomberg reports Franc Weakens Against Dollar, Euro After Report Currency Target Discussed The franc weakened after SonntagsZeitung reported over the weekend that the Swiss government and the central bank are in “intense” talks over setting a possible target for the currency, citing unidentified people close to the situation. Talk is Cheap OK, once you decide [...]
NEW YORK, NY – August 12, 2011 – FXCM Inc. (NYSE: FXCM), a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide, announced that its U.S. subsidiary, Forex Capital Markets LLC (“FXCM US”), has entered into a settlement with the National Futures Association (“NFA”). The settlement terms [...]
NEW YORK, Aug 11, 2011 (BUSINESS WIRE) – –Highlights: –Second quarter 2011 revenues of $103.4 million, up 9% from first quarter 2011 and 7% versus the same period in 2010 –Adjusted Pro Forma EBITDA of $28.5 million, up 12 % from first quarter 2011 and down 19% versus the same period in 2010 –Pro Forma [...]
Today, we are seeing a fundamental shift of HFT into other asset classes such as foreign exchange. There has been much discussion recently around the impact of high frequency trading (HFT) on the financial markets. There is no doubt that the concept of HFT, analysing market information such as stock prices to implement proprietary [...]
Psychotherapy from Ben Bernanke 10 August 05:35 AM Yesterday US Federal Reserve System left the basic interest rate unchanged. “In order to support the lasting economic recovery and to keep inflation at a corresponding level, FRS decided to leave the rate at the level from 0 to 0.25 percent. The committee supposes that economic conditions [...]
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Tue Aug 9, 2011 4:48pm EDT * Fed says to keep interest rates near zero until 2013 * Dollar outlook dims with Fed statement * Swiss franc eyes potential test of parity with euro (Adds quote, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, Aug 9 (Reuters) – The dollar fell broadly, plunging more than 5 [...]
The Chinese and the Japanese might well be kicking themselves now. It is common knowledge that the US debt has increased by over $500 billion each year since 2003, with increases in excess of $1 trillion in 2008, a whopping $1.9 trillion in 2009 (thanks to the financial crisis and the bailout package), and $1.7 [...]
Author: Farah Khalique Categories: Retail Topics: Retail Traders, Retail Trading, Gain Capital, Leverage, carry trade, Japanese yen, United States dollar, Deutsche Bank, National Futures Association, Commodity Futures Trading Commission