Posts Tagged ‘jp morgan’

NZDUSD Finding Resistance Ahead of Rate Decision

by Christopher Lemieuxon June 11, 2014 1:00 pm BST
The kiwi is finding resistance against the greenback ahead of the Reserve Bank of New Zealand (RBNZ) rate decision. The central bank increased their key benchmark rate in two consecutive meetings, but there is speculation that the RBNZ will refrain from increasing rates again to deter excessive strength. The pair is finding trouble closing above […]

FX Volatility Bounces From a Seven-Year Low

by Christopher Lemieuxon June 4, 2014 9:43 pm BST
The large problem with the currency market, as well as other asset classes, is the lack of volatility. Often dubbed a fear gauge, volatility presents opportunity for traders to trade the market. Recently, the forex market hit a seven-year volatility low. However, market participants are anticipating the outcome of tomorrow’s European Central Bank (ECB) meeting. […]

Credit Swisse Makes Cuts into Forex Team; Falls in Euromoney Poll

by Christopher Lemieuxon May 13, 2014 8:41 pm BST
Banking giant Credit Swisse is making cuts into its foreign-exchange unit in efforts to shrink the fixed-income division. According with those familiar with this situation, the bank is offering members a “redundancy” package. Employees in the forex unit will has a set time to find another position within the bank or leave entirely. At least […]

Evidence in the BoE FX Scandal Sullies Central Banking

by Christopher Lemieuxon March 21, 2014 6:29 am BST
Global central banks have seen a lot of action since the financial meltdown in 2008, or at least the printing presses. Recently, there has been many reports coming to the surface that central bankers tend to be incompetent and self-serving. Transcripts of the Federal Reserve meetings in 2008, recently released, showed a lack of awareness […]