Euro Cash Turns Markets into Euro Trash
So far this week, news from Europe has been driving the direction for U.S. equity markets. It’s usually the other way around.
So far this week, news from Europe has been driving the direction for U.S. equity markets. It’s usually the other way around.
It takes a lot of chicanery to earn a permanent ban from the National Futures Association. But California Capital Trading Group pulled it off.
Regulators of all stripes have been coming down on forex and futures frauds, including one that involves conservative Christian radio host Pat Kiley.
Federal Reserve Chairman Ben Bernanke hinted at further stimulus this morning, which naturally pushed currencies around in various ways for the short term.
China retained its 800-pound gorilla distinction in the currency department Friday, when the U.S. Treasury Department declined to cite China for manipulating its currency.
The International Monetary Fund was already busy with little problems like trying to keep a straight face about China’s currency policies. But now the organization is at the center of a media maelstrom over accusations that IMF Managing Director Dominique Strauss-Kahn sexually assaulted a maid in a New York hotel.
Anyone can put up an investment website claiming outsized returns. But many of these websites are fronts for unscrupulous individuals who have potent reasons for remaining anonymous.
It has been nearly three weeks since the horrific earthquake rocked Japan. Yet, through all of this destruction, the Japanese yen has weathered the blow, bowing to speculative pressure at first, but rebounding as intervention leveled the playing field.
After getting some bad – and partially undeserved – publicity after last year’s May Flash Crash, high-frequency trading and the algos that come with it are getting faster and being used more widely in trading platforms around the globe.
While speculation continues on the potential for radioactive pollution from Japan’s crippled reactors, harsh reality illustrates the immediate economic fallout from Japan’s double disaster.
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