The US Commodity Futures Trading Commission (CFTC) is continuing to process a number of and clearing houses which have (SEF), in accordance with the ruling…
Posts published in September 2013
Card Not Present transactions high in India
India, with a population of 1.237 billion, is seeing an ongoing increase in online payments and is expected to exceed offline card payments in a…
Week Ahead of Fed Meeting: Dollar Soft
This trading week was not good for the US dollar even as traders continued to speculate about possible quantitative easing tampering at the next week’s Federal Reserve policy meeting. The currency ended…
Sweden Krona Falls with Shrinking GDP
The Sweden krona fell after the official data showed that the nation’s economy contracted last quarter, making investors less interested in Sweden assets. Statistic Sweden reported that gross domestic…
Dollar Closes Weaker as US Fundamentals Unpleasantly Surprise
The US dollar erased gains versus the euro and closed lower against some other major currencies, including the Great Britain pound and the Japanese yen, as fundamental reports from the United States were…
The End of the Euro- Zone, says British Politician Nigel Farage
and Bloomberg’s jointly organised ‘Trading Debates’ event, raised concerns for Brussels’ policy makers, as they questioned the future of the single currency. The audience, made…
Sterling Climbs as Construction Report Adds to Signs of Recovery
The Great Britain pound advanced today, rising to the new high against the US dollar (the strongest level since February), as the construction sector added to evidences of economic growth in the United Kingdom. The Office for National…
Bank of America Merrill Lynch Launches FXPB Platform – Mercury
Bank of America Merrill Lynch reported that its new foreign exchange prime brokerage (FXPB), Mercury, has gone live. The leading US bank has launched the…
Drop in Eurozone Employment Weighs on Euro
The latest economic news out of the eurozone has proved disappointing. For the second quarter, there has been a decline in employment, and that has many questioning the sustainability of the burgeoning economic recovery in the 17-nation currency…
Peso Falls After Chilean Central Bank Meeting
The Chilean peso fell against the US dollar and the euro today after Chile’s central bank conducted a policy meeting and decided to leave its key interest rate unchanged. The Central Bank of Chile…