Top Headlines

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

Top Headlines

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

Top Headlines

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

Top Headlines

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

Read More

Top Headlines

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

Top Headlines

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

Read More

Top Headlines

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

Top Headlines

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

Top Headlines

BoE Study: Markets Need to be Resilient as Well as Effective – Profit & Loss Financial markets need to be more than just effective, according to a Bank of England paper which argues they need to be equally resilient. Read More

Top Headlines

Yuan Rises Most Since 2005 as PBOC Mulls Easing Capital Controls – Bloomberg The yuan surged the most since China scrapped a dollar peg in 2005 as the central bank said it will consider a trial program in the Shanghai free trade zone allowing domestic individual investors to directly buy overseas assets. Read More