Troubles for RBS Continue, Fined For Illegal Trading

by Christopher Lemieuxon April 22, 2014 9:39 pm BST
Royal Bank of Scotland (RBS) has come under fire with the impending global probe on forex manipulation, and now troubles worsen as the firm has been fined £460,000 by Hong Kong regulators due to illegal trading. Regulators state that RBS failed to detail unauthorized trades by one of their traders. The Hong Kong regulators pointed to […]
An employee of the KEB works besides stacks of ten thousand yen bills at the bank's headquarters in Seoul

Yen Remains Consolidated; USDJPY Near-Term Outlook

by Christopher Lemieuxon April 22, 2014 4:57 pm BST
The Bank of Japan (BoJ) still remains hopeful that their extremely lose monetary policy, coupled with the voracious appetite for higher consumer prices, will amount to continued growth. The yen has remained relatively consolidated over the holiday trade, following a very poor trade balance report. The BoJ does not see the need for further asset […]

A boy shakes hands with a pro-Russian armed man outside the mayor's office in Slaviansk

Risk Assets Retreat as Ukraine Tensions Flare

by Christopher Lemieuxon April 22, 2014 7:53 am BST
Global equity futures retreat from earlier gains, with the yen seeing some buying, on a flare of tensions between Ukraine and pro-Russia separatists. An international agreement to deter a wider conflict faltered today with separatists showing no signs of give. The United States and the European Union readdress their threats of further sanctions for Russia […]

USDCNH Technical Outlook Ahead of HSBC Flash Manufacturing PMI

by Christopher Lemieuxon April 21, 2014 1:48 am BST
Yuan is off recent lows, but concern about a continued slowdown has caused the People’s Bank of China (PBOC) to weaken the reference rate. The currency has sank significantly against the greenback as growth expansion concerns linger. “The yuan is under pressure to weaken amid concern about the Chinese growth,” said Tsutomu Soma, fixed-income at […]