The latest review published today by the Bank for International Settlements shows a 6% fall in daily fx turnover between April and October from USD 5.3 trln to 5.0 trln, with most declines in the euro and yen. Spot trading … Continue reading →
A Reuters analysis of Q3 results of Europe’s 30 largest banks found that almost two-thirds of the 27 that report detailed quarterly figures said their balance sheets were less risky at the end of September than at the end of … Continue reading →
negative interest rates on bank deposits are a possible tool but there is risk of achieving opposite effect than planned abolishing privilege of zero-risk weighting for govt bonds as bank assets would help private sector credit German coalition accord contains … Continue reading →
We are waiting for eurusd to hit the highlighted levels in the upcoming sessions. 1.2840 remains good resistance while 2670 zone strong support. We talk about this and other pairs in our daily commentary.…
According to InterbankFX, US traders will not be able to operate with overseas firms: "The new rules will impact thousands of U.S. customers with millions of dollars invested in overseas brokers," says Interbank in a press release. "Beginning October 18, 2010, overseas brokers will no longer be able to service U.S. customers. These rules ensure U.S. customers will receive the protections afforded by U.S. regulations." Mallon agrees with that, he considers with a “not probable” the possibility that US traders will be able to move their accounts overseas.