Following the resignation of Britain’s Brexit minister Dominic Raab, the forex, derivatives and money markets are seeing a bloodbath. Following the resignation of Britain’s Brexit minister Dominic Raab in protest of Prime Minister’s draft Brexit deal, the pound nose dived… Read More ›
The 221 page complaint alleges that these 16 major banks had colluded to rig the roughly $5.1 trillion-a-day foreign exchange market. In a significant development, a group of big institutional investors, which includes BlackRock Inc and Allianz SE’s Pacific Investment… Read More ›
Is it not absurd that Europe pays 300 billion euros a year in US dollars while importing only 2% of its energy imports from the U.S.? On Wednesday, European Commission President Jean-Claude Juncker called on the European Union to promote… Read More ›
Although the Turkish lira has continued to weaken, it has stepped back from yesterday’s 6.1200 against the dollar as of 0435 GMT. On Tuesday, the Turkish lira weakened further as investors weighed up Turkey’s efforts to handle its rift with… Read More ›
Geo-political tensions, including a widening rift between the U.S. and Turkey, along with Erdogan’s grip on monetary policy are upping the stakes for Eurozone’s banks in Turkey. On Friday, with the Turkish Lira registering yet another record low against the… Read More ›
The forex market promises to be turbulent in the near term. On Monday, with investors shying away from taking any big position ahead of the central bank monetary policy meetings this week, currencies in the forex market stuck to familiar… Read More ›
Part of the reason why global markets are jittery is due to the chatter of U.S. economic data, for the second quarter, that is streaming in, which could easily cross current analysts’ forecasts of 4.1%. A higher growth rate is… Read More ›
In the last 12 months ending May 2018, China has strategically reduced its imports from the U.S. to USD162bn. Investors are anxious to see how China responds to the new U.S. threats. On Wednesday, following U.S. President’s Donald Trump’s threat… Read More ›
The downturn of the Chinese yuan underscores investor concerns vis-a-vis the growing trade row between the United States and China. On July 6, U.S. tariffs on $34 billion worth of Chinese goods are set to kick in. On Tuesday, according… Read More ›
According to Gao Qi, a FX strategist at Scotiabank, the yuan is likely to find strong support at 6.70 yuan per dollar. On Friday, the Chinese yuan touched a new low and was on course to perform its worst ever… Read More ›
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