When reflecting on a now almost past 2013, it is fair to say that one of the many long-running subjects for discussion this year has…
Posts published in December 2013
Vietnam Experiences Power Shortage, Dong Stable
Vietnam desperately needs inflows of overseas capital, but the attractiveness of the country for foreign investment is in danger because of energy shortage. The Vietnamese dong remained stable today. Retail electricity prices were…
CAD Gains on USD Ahead of Employment Data
The Canadian dollar rose against its US counterpart today on speculations that the recent drop was overdone. The currency remained weak versus the euro and the Japanese yen. Canadian employment data will…
Leading French bank Société Générale (SocGen), has become the 12th founder bank that is connected to ParFX, an institutional FX platform. ParFX also reported that…
Industry Associations File Lawsuit Against the CFTC Challenging the Agency on Multiple Fronts
Three associations, whose members represent an underlying collective group of industry firms, sue the US regulatory agency the CFTC over rules that they find to…
New Zealand has become a jurisdiction which is attractive for establishing a retail FX company, due to its relative ease of access, low start-up costs…
Teutonic Exodus From Trading Desks: Deutsche Bank Set To Reduce Commodities Division
Within Europe’s strife-ridden financial markets economies, Germany remains in the strongest position, with its banking sector in a strong position in comparison to its Western…
BSE Brings Back the Freebie in Onshore Rupee Derivatives
India’s oldest exchange, the Bombay Stock Exchange (BSE) has succumbed to the world of FX derivatives. The Mumbai-based exchange has launched commission free futures on…
US Dollar Mixed Against Other Majors
US dollar is mixed against other majors today, looking for direction as economic data is released and policy decisions are made. There are a lot of questions about what’s next…
Euro Strengthens as ECB Leaves Rates the Same
Euro is strengthening right now, gaining against its major counterparts on the latest ECB decision to stay the current course. There had been speculation that negative deposit rates were…