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The eagerly-awaited Obama and Bernanke speeches supported equity markets this past week but turned out to be very much non-events. Attention of traders will remain on the next FOMC meeting on the 21st September. Meanwhile, European problems still loom and the Greek debt rollover should come to some kind of conclusion Friday, or over the [...]
According to an April 2007 report by the Bank for International Settlements, the foreign exchange market has an average daily volume of close to $3 trillion, making it the largest market in the world. Unlike most other exchanges such as the New York Stock Exchange or the Chicago Board of Trade, the FX market is [...]
Indications from around the globe of a more restrictive official stance toward capital flows and currency volatility have been contributing to a reduction in risk appetite in trading recently. Concerns in countries outside the U.S. and China are mounting over the weak Dollar and Yuan. Recently several emerging-market central banks have taken measures seen as [...]