27 November, 2015 by The TZ Newswire Staff Comments Off on Class action suit against Barclays alleges forex rigging losses
Class action suit against Barclays alleges forex rigging losses
The suit by Axiom Investment Advisors LLC, filed in a Manhattan federal court, follows a pact on Nov 18 in which Barclays agreed to pay New York State’s financial regulator an additional $150 million to settle allegations stemming from allegations about the bank’s forex practices. A Barclays spokesman declined to comment.
27 November, 2015 by The TZ Newswire Staff Comments Off on "Mysterious" Fire Hits Argentine Ministry Of Finance, Destroys Years Of Prior Regime’s Files
"Mysterious" Fire Hits Argentine Ministry Of Finance, Destroys Years Of Prior Regime’s Files
“If you play with fire, you get burned,” apart from if you are an official in the Argentine government it would appear.
27 November, 2015 by The TZ Newswire Staff Comments Off on China’s Plunge Protection Team Now Owns 6% Of The Entire Chinese Stock Market
China’s Plunge Protection Team Now Owns 6% Of The Entire Chinese Stock Market
Two weeks ago, in “The Cost Of China’s ‘Manipulated Market Stability’ May Be Too High, BofAML Warns,” we revisited Beijing’s plunge protection national team, which during Q3 bought an astounding CNY1.5 trillion in stocks.
27 November, 2015 by The TZ Newswire Staff Comments Off on Turkey Day Hangover
Turkey Day Hangover
It’s always surprises me that the market is open on the Friday after Thanksgiving; there simply isn’t much volume, volatility and interest. Trading is nearly always sideways and little or no change occurs on the indicators. Such is today. Weekly charts went final, so I’ll be reviewing them. No new intermediate-term PMO signals were generated on the DP Scoreboards as all weekly charts have
27 November, 2015 by The TZ Newswire Staff Comments Off on Forexlive Americas FX news wrap: Gold battered
Forexlive Americas FX news wrap: Gold battered
FX news for US trading on Nov 27, 2015:
– German 5 year yields dip below ECB’s -0.20% threshold
– Gold down $15 to $1057, a six year low
– WTI crude down $1.33 to $41.71
It was a much brisker day than expected. A few events in Asia and Europe set the stage for volatility, especially the 5.5% plunge in Chinese stocks.
27 November, 2015 by The TZ Newswire Staff Comments Off on How The Scots Welcome ‘Visitors’
How The Scots Welcome ‘Visitors’
William Wallace would be proud…
Larkhall is a town in South Lanarkshire, Scotland and is around 14 miles southeast of Glasgow. Traditionally a mining, weaving and textile area, most of Larkhall’s traditional industries have now shut, including the Lanarkshire iron and steel works… and now they have a message for the new invaders…
27 November, 2015 by The TZ Newswire Staff Comments Off on Wenzhou people
Wenzhou people
If you talk to enough Chinese people, you will eventually come across the phrase “Wenzhou people”, referring to people from a particularly entrepreneurial city on the coast of China. They have a reputation for being good at business.