While the depredations of the less scrupulous retail forex dealers continue unabated, institutional players are becoming increasingly agitated about how some of the big banks charge for currency trades.
The National Futures Association is coming down hard on futures brokers who use misleading promotional material.
As China’s president prepares to visit the U.S. and talks a good game about international cooperation, another message emanating from China is not so comforting.
Love him or hate him, Treasury Secretary Timothy Geithner is many things. But getting China to alter its stance on the yuan/dollar relationship and let the Chinese currency to float freely is not one of Geithner’s accomplishments. At least help is on the way.
When it comes to investing debacles that aren’t part of a larger economic trend, it’s hard to beat the Madoff mess in terms of dollars and duration.
The National Futures Association recently introduced a guide for retail forex investors, and Trader Daily suggested that the publication’s message should have been more monitory – bone chillingly so, in fact.
In the Christmas holiday-shortened week ahead, traders will focus on the main gauges of economic activity and growth from some of the largest industrialized nations in the world.
Perhaps the coup de grace of J.P. Morgan’s (JPM) foray into the silver market has mercifully arrived.
A recent legal action by the Commodity Futures Trading Commission and Securities and Exchange Commission suggests a scheme that was not devised by the best and the brightest.
Although the week ahead will be light on U.S. economic data, four interest rate announcements from the Reserve Bank of Australia, the Bank of Canada, Reserve Bank of New Zealand and the Bank of England would provide plenty of reasons to keep FX traders occupied.
© 2013
TraderDaily. All Rights Reserved.