Global Intelligence
Just days after major Forex banks such as Deutche Bank, Rabobank, and others “The Usual Suspects” have been fined billions for a Libor fixing scandal, the US Department of Justice officially announced a criminal investigation into the fixing of Forex rates. Oct 29 (Reuters) – The U.S. Justice Department is investigating the manipulation of foreign […]
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One of the components keeping the US Dollar as a global reserve currency was the agreement between the United States and Saudi Arabia to price oil in US Dollars. As the regions largest producer, this caused other oil producers to follow suit, and forced customers to use USD if they wanted oil. Of course this […]
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By Gavin Finch and Liam Vaughan – Oct 9, 2013 Royal Bank of Scotland Group Plc has handed over records of instant messages to U.K. regulators after concluding a former currency trader’s communications with counterparts at other firms may have been inappropriate, according to two people with knowledge of the matter. The messages related to […]
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Nearly four years after Zero Hedge first suggested an HFT tax should punish algos that “churned” quotes and blasted empty bids and offers to stimulate “momentum ignition [12]” strategies, and generally corrupt market structure in a way that lead to both the flash crash, the BATS IPO farce, the FaceBook IPO debacle and the Nasdaq 3 […]
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Citizens of India have been watching, in stunned amazement, as over the past month the local currency has lost an unprecedented 15% of its value, with a record plunge taking place just last night [5]. And, as so often happens, the population habituated to a government “acting in its best interests” is asking itself – how could we […]
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During the beginning years of the Forex market, trends developed that lasted months and years. Even recently, trends have developed even though they may have reversed. But when the Forex markets are subject to one speech by Ben Bernanke, or another Fed chairman, how is a trader to know when that will happen and how […]
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The best resources to learn about Forex brokers are independent review sites and blogs. Forex brokers have setup websites and even entire networks of information that deliver biased information suggesting to use their platform. Here are some great independent review sites and resources about Forex brokers: Forex Peace Army – The original Forex review site […]
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Explanation of example hedge for Argentinian Peso [stream flv=x:/globalintelhub.com/wp-content/uploads/2013/07/usdarsweb1.swf img=x:/globalintelhub.com/wp-content/uploads/2013/07/globalintelhub1.jpg embed=false share=false width=640 height=360 dock=true controlbar=over bandwidth=high autostart=false responsive=16:9 /]
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