Posts Tagged ‘citigroup’

Traders Not Forecasting Brent Prices Higher Over Long-Term on Geopolitical Risks

by Christopher Lemieuxon June 24, 2014 12:22 pm BST
Traders could be underestimating the effect of geopolitical risk on the potential longer-term price application, as the Iraqi conflict between Islamic militants and the Iraq army grew more violent. According to the International Energy Agency, the growing geopolitical risk will pose the greatest threat to the new supply during this decade from any national in […]

UBS Sends Another Trader on Leave, Seven Total

by Christopher Lemieuxon March 28, 2014 4:31 pm BST
The global-wide probe into the foreign exchange markets has caused institutions, which are under regulator microscopes, to send their traders packing. Over the last six months, nearly two dozen traders, as high as chief dealers, have been fired or put on leave from institutions, such as Citigroup and Barclays PLC. However, UBS has gone out […]

EURUSD Outlook: Week of 3/9

by Christopher Lemieuxon March 9, 2014 4:24 pm BST
EURUSD made a two-year high on the back of the European Central Bank (ECB) decision not to cut interest rates any further as ECB President Mario Draghi saw no need after acknowledging the slow, weak economy. Price action exploded to the upside, settling and consolidating between 1.3850/60 before ending the week above 1.3900. “There’s still […]

Lawsky Presses Institutions Over Trading Practices

by Christopher Lemieuxon February 7, 2014 6:14 pm BST
Superintendent of New York’s Department of Financial Services, Benjamin Lawsky is pressing over a dozen financial institutions for documents related to their currency trading practices. The probe is at least the 12th opened by regulators throughout Europe, Asia and the United State since Bloomberg News broke potential currency manipulation last summer. Lawsky has jurisdiction over […]