The Japanese yen gained today even though economic data that came out from Japan during the current trading session was not particularly good. The possible reason for the rally is risk…
Posts published in October 2014
Dollar Extends Rally on Positive GDP & Jobless Claims Data
The US dollar extended yesterday’s rally today as positive economic data from the United States fueled talks about a possibility of an early interest rate hike from the Federal Reserve. US gross…
Swiss Franc Appreciates Ahead of Referendum
The Swiss franc erased its earlier losses against the US dollar and gained against the euro today. The Swissie was experiencing upward pressure recently on speculations that possible changes to central bank’s…
Brazilian Real Jumps After Central Bank Surprises
The Brazilian real jumped today following yesterday’s surprise interest rate hike from Brazil’s central bank. Such decision resulted in speculations that additional rate increases may happen in the future.…
The beleaguered yet battle-hardened CEO of MMCIS, a Ukrainian retail FX broker, threatened to “expose” his rivals, affiliated payment systems and business partners, in an…
The “Front Page of the Internet” Reddit Adopts Crowdfunding after $50 Million Investment
The self proclaimed “Front Page of the Internet,” the community-based link sharing website, Reddit, has joined the crowdfunding arena with a new service called redditmade. Reddit…
KCG Holdings Inc. (NYSE: KCG), the company behind one of the leading ECNs, KCG Hotspot, has just reported its third-quarter earnings. The global execution services…
Wealthfront Lands $64Mln in Financing to Achieve “Once in a Generation Opportunity”
If you aren’t aware of robo investing yet, you probably will be soon. Called robo-investing or robo-advising, these firms use algorithms to invest client savings…
UnionPay Payments Monopoly in China Close to Ending, as Russia Is Moving Towards One
According to information first reported by Bloomberg, China’s government is on its way to delivering a surprising revamp to its vast payments landscape. Up until…
As the Forex Manipulation Resolution Approaches, Barclays Sets aside £500 Million for Fines
Barclays Plc (LSE: BARC) reported today its financial performance for Q3 2014, revealing that the bank has made a provision of half a billion pounds (about…