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Despite having Goldman Sachs CEO Lloyd Blankfein as an investor and being Bill and Hillary Clinton's son-in-law, Marc Mezvinsky (and two former colleagues from Goldman Sachs who manage Eaglevale Partners hedge fund) told investors in a letter sent

In a press release that jolted the markets, the ECB announced that it will no longer accept Greek government debt as collateral starting next week. But this news is not necessarily a potential liquidity disaster for Greek banks. The Greek banking

The shock move from the Swiss National Bank has significantly impacted foreign exchange and also foreign exchange brokers. We already noted how such events are tests for brokers. And now, here is a round up of 12 reactions (updated) This is only a

The European Central Bank's (ECB) potential government bond-buying program must be massive to be efficient, the bank's Executive Board member Benoit Coeure said on Friday in an interview with the Irish Times. "For it to be efficient, it has to be

In the past week, we have received quite a few fat hints from Draghi and his colleagues. Also the SNB’s shock move included 3 ECB QE hints. And if fat hints weren’t enough, Dutch ECB member Klaas Knot spills the beans on QE, or if you wish, ties the

Germany repatriated 120 tonnes of its gold back to the Bundesbank’s vaults last year, the bank announced on Monday . The German central bank said it “stepped up” its bullion transfers during 2014, bringing 35 tonnes of its gold from Paris and another

Drew Niv was looking for action. Then action came looking for him. While in his 30s, Niv built his young brokerage, FXCM Inc. (FXCM), into a money machine by turning the global foreign-exchange market into a playground for day-traders. But by early

Those curious to learn why Greece is the only country excluded form the ECB' QE (for now) as the soon to be former Greek PM Samaras said moments ago... GREEK PM SAMARAS SAYS WITHOUT CLOSING THE CURRENT REVIEW, GREECE WILL BE EXCLUDED FROM ECB

America’s closed economy can handle a surging dollar and a fresh cycle of rising interest rates. Large parts of the world cannot. That in a nutshell is the story of 2015. Tightening by the US Federal Reserve will have turbo-charged effects on a

Japan's currency will snatch a new record in 2015, most analysts predict, bearing in mind the even starker monetary policy divergence - its already fourth straight yearly depreciation against the greenback would be its longest losing streak on

European Central Bank President Mario Draghi said the risk of the central bank not fulfilling its mandate of preserving price stability was higher now than half a year ago, and reiterated its readiness to act early this year should it become

January 2015 is looking a lot like January 2014. The US economy has been improving, the unemployment rate has been coming down, and the Federal Reserve has been increasingly prepping the world for tighter monetary policy. For most bond market

An even more polarized and fragmented single-currency bloc looms as a result of controversy over possible quantitative easing before Greek elections Jan. 25. The European Central Bank is mulling forms of stimulus that would stop well short of

Data from the Swiss National Bank today confirms what the market has suspected. It intervened in size to defend its cap against the euro last month. The details are not yet available, but on an IMF reporting basis, the SNB said that its reserves rose

Being more bearish on the euro than the consensus helped ING Groep NV become the world’s most accurate currency forecaster in 2014. The Dutch bank sees no reason to change its strategy now, breaking from the pack to predict a drop to parity with the

EURUSD is trading at historic lows – the lowest in almost a decade – after breaking the psychological level of 1.20. This may be only the starting point of a deeper and more prolonged depreciation of the euro towards 1.15. The two key elements behind

Uncertain times call for unconventional thinking. We think that we’ve got 10 scenarios that fit the bill. Outrageous Predictions is out and Saxo Bank’s strategy team led by chief economist Steen Jakobsen have put together potential outcomes that

The Department of Treasury is spending $200,000 on survival kits for all of its employees who oversee the federal banking system, according to a new solicitation. As FreeBeacon reports, survival kits will be delivered to every major bank in the

And it happened again. I feel like it happens every trading year. We’re moving along just fine and then before you know it, you blink and the holidays are here. Over the years, I feel like I’ve heard it all. Some traders say to never trade during the

Once again, the markets prove that nobody knows nuthin'. Following a bit of oil-driven turmoil the past few weeks, financial markets took off on Wednesday and Thursday. The Standard & Poor's 500 Index had the biggest daily back-to-back gains since