Forex

Forex

Gambling on the dollar: time to reign in forextrading

With the value of the Australian dollar falling more than 10 cents in the past few months, should we all be hedging our bets and trading the Aussie for a fast profit? There’s no shortage of foreign currency trading companies spruiking their services online, keen to help Australians become foreign exchange traders, with the promise […]

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Forex

Bitcoin’s strength lies in its libertarianstatus

A turbulent last few months have seen numerous pieces announcing the end of Bitcoin, its imminent collapse, or the bursting of the bubble. Commentators are missing the point: the key to Bitcoin’s surprising resilience lies outside of traditional economic thinking. Mark Williams of Boston School of Management predicts that Bitcoin will drop to $10 a […]

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Forex

Why dollar dominance is secure despite growth of globalrivals

In imploring the world to be less dependent on the US dollar for international transactions, French finance minister Michel Sapin is expressing a wish that many of the euro’s creators hoped would already be reality. Backed by the bosses of some major French companies, Sapin argues in a Financial Times interview that Europe should break […]

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Forex

More rational than radical – but Draghi’s Eurozone tactics leave something in thetank

The European Central Bank’s decision to cut its interest rates further showed that the zero rate rubicon holds no fear, while one substantial bullet was kept in the barrel. It is a useful marker for markets of the lengths to which the ECB is willing to go as it wrestles with the Eurozone’s mess of […]

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Forex

Sterling may take a pounding whatever Scotlanddecides

While Edinburgh and London wrestle over the future of the pound, it has has been sinking. The slide (especially against the US dollar) is widely seen as a knee-jerk reaction to the possibility of Scotland voting for independence on September 18, and the 2-3 years of economic uncertainty that might follow as it wrangles over […]

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Forex

Banks fined £2bn but the elite continue to evadejustice

Regulators in the UK and US are fining five high street banks for attempting to manipulate foreign exchange rates. Together they have been told to pay £2 billion in compensation following a year-long investigation into concerns that the foreign exchange market was being rigged. A Serious Fraud Office investigation continues into the individuals involved in […]

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Forex

Common currency: a forex scandal that epitomises the blindness in the bankingcrisis

The biggest open secret in the financial world has been confirmed. Regulators in the UK, the US and Switzerland have announced massive fines for some of the world’s largest banks for a manipulation of global currency markets that in its callous ubiquity says so much about the banking behaviours that sparked the global financial crisis. […]

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Forex

Bankers will lie at the toss of a coin – but only when at work, says newstudy

There is something in the culture of banking that lends itself toward making otherwise fairly good people do bad things. That’s the finding of a new study published in the journal, Nature. And it may simply confirm the suspicions of many following endless news of bankers being outed for bad behaviour. The list is almost […]

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Forex

Explainer: how bankers fixed forex trades and why it’scriminal

“Oh what a tangled web we weave. When first we practice to deceive”. Sir Walter Scott’s comment could have been made about the LIBOR and foreign exchange (forex) scandals engulfing the world’s largest banks. For the first time, it looks like the banks in question may have to face criminal charges for manipulating forex benchmarks, […]

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Forex

‘If you ain’t cheating, you ain’t trying’ – how forex haschanged

“If you ain’t cheating, you ain’t trying” were the words of one trader working in the foreign exchange market. They belie an attitude that was widespread among traders in this market between 2009 and 2013. Cheating was simply a normal part of a trader’s day job. In fact, not cheating would be to shirk your […]

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