Monthly Archives: November 2015

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Economists Overwhelmingly Expect Fed to Raise Interest Rates in December – Wall Street Journal (subscription) WSJ survey finds about 92% of economists surveyed see December liftoff. Read More

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China Changes Its Currency-Market Ways – Wall Street Journal (subscription) Beijing’s typically ham-handed approach to yuan interventions may be giving way to subtler techniques. Read More

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Euro Weakens as Draghi Boosts Speculation of Deposit-Rate Cut – Bloomberg The euro fell toward a six-month low after European Central Bank President Mario Draghi said economic risks to the region were “clearly visible,” boosting speculation policy makers will increase currency weakening stimulus. Read More

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Prosecutors Announce More Charges in JPMorgan Cyberattack – NY Times Federal prosecutors in Manhattan on Tuesday announced additional criminal charges against three men accused of being part of a huge cyberattack against JPMorgan Chase, as well as other banks, brokers and financial information publishing companies. Read More

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China’s Deflation Pressures Signal More Monetary, Fiscal Easing – Bloomberg China’s consumer inflation waned in October while factory-gate deflation extended a record streak of negative readings, signaling policy makers may need to hit the gas again to ease deflationary pressures. Read More

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Market Prepares for Fed Hike – Profit & Loss With a tighter Fed policy looking even more likely after a strong employment report on Friday reinforced comments from Fed Chair Janet Yellen on Wednesday, analysts are looking at the likely reaction of the dollar to what is seen in many circles as the end of an unprecedented “easy money” era.

•  Asia Shares Mixed, Dollar Strong After US Jobs Data Boosts Case for Fed Hike – Reuters
•  Here’s Who Is, and Isn’t, Changing Their Timeline for the First Fed Hike – Bloomberg

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Platform Volumes Continue to Decline – Profit & Loss Volumes at most FX platform providers declined again in October, with only Fastmatch showing an increase. Read More

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Dollar Advances on Yellen Signals, Stronger US Data – Wall Street Journal (subscription) The dollar strengthened to more than a three-month high against the euro Wednesday after fresh signals by the Federal Reserve and upbeat US numbers.

•  Fed’s Yellen Sees Possible December Rate Rise, Gradual Hiking Path – Reuters

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Banks Projected to Spend $1bn on Blockchain – Profit & Loss Banks Projected to Spend $1bn on Blockchain. Read More

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Barclays in $94 Million Euribor Accord, Other Banks Could Follow – Reuters Barclays Plc agreed to pay $94 million to settle U.S. antitrust litigation by investors that accused 11 banks of conspiring to manipulate the benchmark European Interbank Offered Rate (Euribor) and related derivatives. Read More