Is forex market controlled by someone? - page 28
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Exactly forex is controlled by market maker such as the FED organisation and it influenced the market volatile..
How about your trading so far??
I hope all will be the best moment for you...According to FED declarations, if the forex market is not regulating itself without interference then it is rigged. And right now FED is even in it as a customer to brokers (and a customer that is using HFT for its "trading"). Forex is supper rigged
WTF Chart Of The Day: Treasury Trading Edition
Presented with little comment aside to say - WTF!!
The combined futures trades across the four major bond contracts... umm.
and here is the Eurodollar complex...
Forex controlled by FREEMASON and my hard earning $500.
Forex controlled by FREEMASON and my hard earning $500.
I think that the $500 are the most important in this market
Biggest Banks Tighten Grip on Currency Trading
Foreign-exchange trading is consolidating among the five biggest banks, a trend that may cut the number of competitors in the $5.3 trillion-a-day market, according to Greenwich Associates.
The largest currency dealers are Barclays Plc (BARC), Citigroup Inc. (C), Deutsche Bank AG (DBK), JPMorgan Chase & Co. (JPM) and UBS AG (UBSN), and they controlled about 53 percent of global volume in 2013, the Stamford, Connecticut-based research firm said today in a report. That compares with about 39 percent for the top five in 2005.
“A slowdown in trading volumes and the loss of market share to larger rivals is making it difficult for many dealers to sustain the level of volume required to support their costly infrastructures and maintain profitability,” Greenwich said.
The largest banks won business as their closet competition -- the sixth- through 10th-biggest dealers -- saw their market share drop to 22 percent last year from a peak of 27 percent in 2011, the research firm said. The next 10 banks “also experienced significant declines,” Greenwich said.
The world’s biggest financial market is being reshaped by electronic trading, regulation and other trends, Greenwich said. Those elements are likely to remain in place in the near term, further ramping up the concentration of transactions among a few dealers for the next six months to a year, it said.
Signs of consolidation in the foreign-exchange market come as trading has risen in recent months. CLS Group Holdings AG, operator of the world’s largest currency-trading settlement system, handled a record $5.94 trillion a day in September as volume recovered after smaller price swings had curbed activity.
It’s still unknown whether the increase in volatility and trading activity will be sustained, and “remains the biggest wildcard for FX market structure change, and therefore changes to the competitive landscape,” Greenwich said.
“A more active market means more dealer revenue to go around for everyone,” Kevin McPartland, head of market structure for Greenwich, said in the statement.
source
The forex market is too huge and no one can control it. The forex market are at all times monitor by the central banks.It is a fair market.
i think the forex market is huge, but im not sure if its uncontrolable, i mean if someone or some group does control it, they wouldn't want to be found and will try to keep it a secret of course
Forex-Rigging Fines Could Hit $41 Billion Globally: Citi
Banks could have to pay as much as $41 billion globally to settle probes into allegations traders rigged benchmarks in the currency markets, Citigroup Inc. (C) said today.
Deutsche Bank AG (DBK) is seen as probably the “most impacted” with a fine of as much as 5.1 billion euros ($6.5 billion), Citigroup analysts led by Kinner Lakhani calculated, estimating the Frankfurt-based bank’s settlements could reach 10 percent of its tangible book value, or its assets’ worth.
Using similar calculations, Barclays Plc (BARC) could face as much as 3 billion pounds ($4.8 billion) in fines and UBS AG (UBSN) penalties of 4.3 billion Swiss francs ($4.6 billion), they wrote in a note first sent to clients on Oct. 3.
Authorities around the world are scrutinizing allegations that dealers traded ahead of their clients and colluded to rig currency benchmarks. Regulators in the U.K. and U.S. could reach settlements with some banks as soon as next month, and prosecutors at the U.S. Department of Justice plans to charge one by the end of the year, people with knowledge of the matter have said.
Spokesmen for Deutsche Bank, Barclays and UBS declined to comment on the Citigroup estimates.
The Citigroup analysts made their calculations using a Sept. 26 Reuters report that the U.K. Financial Conduct Authority settlements could include fines totaling about 1.8 billion pounds. They derived their estimates for how high fines could go in other investigations from that baseline, using banks’ settlements in the London interbank offered rate manipulation cases as a guide.
“Extrapolating European and, more importantly, U.S. penalties from a previous global settlement suggests to us a total potential global settlement on this key issue,” they said in the note.
Cooperation Rewards
U.K. authorities will probably account about $6.7 billion of fines across all banks, according to the Citigroup analysts. Other European investigations will account for $6.5 billion. Penalties in the U.S. cases could be about four times greater, hitting $28.2 billion.
The Citigroup analysts didn’t take into account the possible effect of banks’ collaboration with investigators. That can have a big impact on the size of the fines, lowering and even wiping out a penalty in some cases.
UBS and Barclays saw $4.3 billion worth of antitrust fines waived by European Union authorities in December in exchange for their early and full cooperation. Six others were fined 1.7 billion euros in that case, which involved rigging euro and yen interest rate derivatives.
UBS has sought leniency in exchange for handing over evidence of misconduct to U.S. antitrust investigators in the foreign-exchange probes, and was also the first to step forward to cooperate with the EU, people with knowledge of the matter have said.
source
Only $41 Billion?
That is a present for those banks : they are going to spend as much on lawyers, but will not give back the money they have stole.
Only $41 Billion? That is a present for those banks : they are going to spend as much on lawyers, but will not give back the money they have stole.
And when they pay that they will increase the interest rates on our deposits and steal some more. The time when we kept the money in socks is coming back