The euro gained and the dollar dropped as last week’s strong US jobs numbers and receding fears over a trade war helped a rebound in risk appetite, with higher yielding currencies also performing well.
Sterling rose, extending its rise from last week as a revival in risk appetite prompted investors to load up on the British currency though concerns over Brexit progress at an EU summit later this month capped gains.
Sterling has decoupled from political news, according to ING.
A deepening political scandal that’s put pressure on a top ally to Japanese Prime Minister Shinzo Abe has added a fresh reason for yen bulls to spy a move past 100 per dollar.
One of the easiest ways to make money in the currency market right now is one that shouldn’t exist.
Low volatility and lacklustre client activity pounded European banks’ fixed-income, commodities and foreign exchange revenues in 2017, with fourth-quarter figures dipping more than 27% on average year-on-year.
Swiss bank UBS has told employees that the majority of those affected by Brexit will move to Frankfurt from London, setting out what it called a decentralised approach to relocating staff.
Asset managers are setting aside tens of millions of dollars after agreeing to swallow the cost of paying for investment research following the introduction of wide-ranging European market rules this year.
This is something that eats away at the core values of the FX industry and, if left unchecked, could undermine the industry’s future.
It might be cryptocurrency-companies that have the last laugh, according to David Mercer, the chief executive of LMAX Exchange.
- Why Blockchain Will Survive, Even If Bitcoin Doesn’t – Wall Street Journal (subscription)
- Bitcoin Is Ridiculous. Blockchain Is Dangerous – Bloomberg
The recent volatility in global financial markets should not deter top central banks from lifting interest rates or ending years of unprecedented stimulus, the Bank for International Settlements said.
The ECB is examining how banks value such holdings, called Level 3 assets, as part of a probe that’s set to wrap up next year.
Some market watchers say it warrants an investigation.
Financial watchdogs tightened their hold on the nascent cryptocurrency industry, in the latest sign that regulators are moving to restrain a freewheeling market that has drawn in retail investors.
The Bank of England says its interest-rate changes in the early part of the 20th century didn’t inflame economic crises in the US at that time.
Thomson Reuters, through its partnership with MarketPsych Data, has launched a new version (v3.0) of its MarketPsych Indices (TRMI), which includes its first sentiment data feed for Bitcoin.
The aggregate volume for SGX FX futures stayed above 1 million contracts, or approximately US$ 53 billion, for the full month, representing year-on-year (y-o-y) growth of 99.3%.
David Hardingham joins the US bank in London as a forwards trader.
The Goldman Sachs Group chief executive officer pushed back against a Wall Street Journal article that said he plans to step down as soon as the end of this year.
The current-account deficit is making a comeback as a reason to sell some Asian currencies, according to Credit Suisse Group and Neuberger Berman Group.
Traders look to Russia to gauge effect of US metals tariffs.
Investors are latching onto bitcoin as a new indicator for determining whether the stock market is headed for another downturn.