Economists warn that traders will now also interpret silence.
- Here’s What Wall Street Is Saying About Trump’s Early Jobs Tweet – Bloomberg
- The Economic Risks of Trump’s Premature Tweeting – Wall Street Journal (subscription)
- White House: It Was Appropriate for Trump to Tweet About Jobs Because ‘He Didn’t Put the Numbers Out’ – CNBC
The dollar rose Friday, buoyed by stronger-than-expected US jobs data.
Sterling was on track for its fourth consecutive day of gains against the dollar as traders paused ahead of a survey of Britain’s construction sector.
The euro climbed after political tensions eased in Italy, supporting a rebound in risk appetite as worries about an escalating trade battle between the United States and other major economies took a back seat.
May was a good month for OTC FX platforms, judging by the first set of venues to report trading volumes.
The European Union is dialing back a threat to force major clearinghouses in London to relocate to continental Europe after Brexit, in a move that could cool a lengthy, politically charged battle over a jewel in the City of London’s crown.
Wells Fargo is eyeing a plan to use both Paris and Dublin as its post-Brexit hubs in Europe, becoming the latest global bank to prepare to shift some operations from London.
Goldman Sachs is taking radical action to replace traders with computers in London.
A former Barclays banker who submitted rates that help determine a key benchmark interest rate repeatedly batted back suggestions that she considered trading profits when making her entries.
US regulators are ramping up their scrutiny of UK financial services executives, according to data compiled by City law firm RPC.
Wall Street’s biggest critic in the Senate recently fought against loosening Dodd-Frank restrictions.
The FICC Markets Standards Board (FMSB) has published a Transparency Draft of a new Statement of Good Practice on Information and Confidentiality for fixed income and commodities markets.
Auction shows strength of investor demand for cryptocurrencies.
Survey by Linedata suggests the buy-side is less concerned about MiFID II but increasingly interested in cryptocurrencies.
Estonia, an eastern European nation that switched to the euro in 2011, scaled down its plan to create a national cryptocurrency after it drew criticism from Mario Draghi and local banking authorities.
Sequoia partner Matt Huang is leaving the venture capital firm in June to launch a new fund focused on cryptocurrency.
John Miesner and Sal Provenzano have left GTX, according to market sources.
Raj Bhattacharyya, the head of the emerging-market debt and foreign-exchange business in the Americas, is leaving the firm after 17 years, according to an internal memo.
Asset managers cut fees for share trading after introduction of Europe’s Mifid II rules.
Central bankers won’t have it easy this week. They’ll need to weigh a rising dollar, renewed fears of a global trade war and a robust US jobs report that prompted traders to rebuild bets for four rates hikes this year.
The Fed must adjust its balance sheet shrinkage to limit the effects of less liquidity.