Mark Johnson, the head of global FX cash trading at HSBC and Stuart Scott, former head of FX cash trading for EMEA at HSBC, have been officially charged by the US Justice Department with conspiring to defraud HSBC clients by front running orders.
Euro traders are sending Mario Draghi a clear message: Monetary policy is reaching a dead end.
China has no reason to devalue the yuan, as economic fundamentals remained strong, with growth at 6.7 percent in the first half, the country’s Vice Finance Minister Zhu Guangyao told CNBC.
The Chinese Renminbi has seen a slight slowdown in terms of global payments by value in June, being surpassed by the Canadian dollar and standing as the sixth most popular currency, according to Swift.
Be careful what you wish for — that’s the advice from State Street Corp. to the newest market makers in the $5.3-trillion-a-day foreign-exchange market.
Shares fell on Friday after soft U.S. corporate results pulled Wall Street back from record highs, and as a string of data gave investors one of the first glimpses of the impact on global economic activity of Britain’s vote to leave the EU.
Britain could reset fiscal policy if necessary in the wake of the Brexit vote, finance minister Philip Hammond said on Friday in his strongest comments to date on how policy may change after Britain’s historic decision to leave the European Union.
French President Francois Hollande told U.K. Prime Minister Theresa May that Britain faces a choice: Accept unlimited immigration from the European Union or lose access to its single market.
Donald Trump accused China of stealing copyrights and unfairly manipulating its currency as he accepted the Republican Party’s presidential nomination, charges likely to fuel anger in a country already upset at criticisms of Beijing in the party’s new policy platform.
The US Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk (DCR) has issued guidance to clearinghouses to further the development of recovery plans and wind-down Plans.
MiFID II’s trade and transaction reporting rules require banks to generate, store and report to the European Securities and Markets Authority vast amounts of new pricing and execution data related to every single equities and equity-like instruments, bonds or exchange-based or OTC derivatives trade that they carry out for their asset management and institutional investor clients, including trades executed by banks against their own balance sheets.
Bitcoin exchange Coinbase said on Thursday it is now offering the ether digital currency to consumers.
SABMiller chairman Jan du Plessis, asked on currency moves since Britain’s vote for Brexit, says it’s one of many things people are taking into consideration, lots of facts and risks to consider, when board meet we will take into consideration all the facts.
AngloGold Ashanti Ltd. said it returned to profit in the first half as the world’s third-biggest producer of the metal benefited from higher bullion prices and weaker currencies in the countries it operates in.
Tony Bastock, co-owner of the 100-employee Contract Chemicals Ltd. in Prescot, England, expects to spend more than $500,000 over the next few years complying with European Union regulations, and says that outside the bloc, the U.K. could develop “more sensible” rules.
Says on July 18, co purchased multiple foreign currency forward contracts designed to hedge fluctuation in Indian rupee against U.K. pound sterling
The ruble headed for its biggest weekly decline in two months after Russian President Vladimir Putin drew attention to the currency’s strength, prompting speculation the central bank or finance ministry will seek to influence the exchange rate.
A bit of calm and prospects for more stimulus from some of the world’s largest central banks are creating a window of opportunity for one of the most popular trading strategies in the $5.3 trillion-a-day foreign-exchange market.
Sterling dived and gilts rose on Friday after surveys showed business activity had wilted in the wake of the Brexit vote, bolstering expectations the Bank of England will have to do more next month to stimulate growth.
Global stocks extended Thursday’s retreat from an eight-month high and commodities declined amid signs central bankers in Japan are becoming wary of expanding record stimulus. Malaysia’s ringgit dropped to this month’s low, while the yuan strengthened.
Profit & Loss Scandinavia, 13 September, Copenhagen
Profit & Loss Forex Network Chicago, 28-29 September, Chicago, IL
Sibos 2016, 26-29 September in Geneva, Switzerland
FIA: Expo, 18-20 October in Chicago, IL