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  1. EUR/USD Risks Another Test of Key Support as U. of Michigan Improves

    by , 05-16-2014 at 11:34 AM
    - U. of Michigan Confidence to Improve for Second Consecutive Month.
    - Print of 84.5 Would Mark the Highest Reading Since July.

    Trading the News: U. of Michigan Confidence

    A second straight rise in the U. of Michigan Confidence survey may spur a further decline in the EUR/USD as the ongoing improvement in the world’s largest economy puts increased pressure on the Federal Reserve to normalize monetary policy sooner rather than later.

    What’s Expected: ...
  2. Big banks extend dominance of forex league table

    by , 05-10-2014 at 03:31 AM
    Big banks extend dominance of forex league table

    The biggest banks have reinforced their dominance of the $5.3tn a day foreign exchange market in the past year, according to a closely watched industry survey.

    The combined market share of the top five banks in currency dealing has risen to 60.6 per cent from last year’s 57.4 per cent in Euromoney’s annual poll. It is the first time the combined share of the top five has risen above 60 per cent since 2009.

    The ...