Currency Predictions – Pound Exchange Rate Trending Higher After UK Consumer Spending

Currency News Now GBP/EUR, GBP/USD Currency Predictions – Pound Exchange Rate Trending Higher After UK Consumer Spending  GBP/EUR Pares Gain, GBP/USD Trends at 7-Month High Today Although the Pound edged slightly lower against the Euro prior to the release of the UK’s retail sales figures the British currency stormed to fresh highs against the US Dollar. The GBP/USD exchange rate was boosted by a slightly dovish policy statement from the FOMC and could record additional gains later if the US … Continue reading

Dollar moving lower on FBI email probe

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EURUSD trades at new week highs The EURUSD has gotten a boost on the news of an additional FBI Clinton probe. The move has extended the range for the day and for the week. Prior to the move the EURUSD range for the week was 99 pips. That is the lowest range going back to June 2014.   The lowest range for the year (and for 2015 as well) has been 124 pips.  The next target for the pair come … Continue reading

Dollar’s surge goes from road block to all-clear signal for Fed

The trade-weighted broad dollar index has rallied 3.1 percent since its lows in mid-August When the dollar surged around this time last year, the stock market tumbled and oil prices fell into a tailspin, forcing Federal Reserve officials to scale back plans for the pace of interest-rate increases. Yet if anything, the currency’s strength the last couple months may encourage policy makers to tighten this time around. “Financial conditions are still a lot easier than the first half of the … Continue reading

Citadel Securities provides liquidity for Invast Global

The Australian brokerage is following the trend of the increasing role of non-bank liquidity providers Citadel Securities has partnered Invast Global to become a liquidity provider for the Australian brokerage and its multi-asset prime service facility, PurePrime. Following the addition of Citadel Securities, PurePrime is now offering disclosed bank, non-bank and ECN liquidity, with aggregation of more than 20 unique FX and metals liquidity providers. Australian brokerage Invast has announced the addition of liquidity from the market making arm of … Continue reading

Messe Dusseldorf and Fairtrade Cooperate for Plast & PrintPack Alger

A corresponding agreement was reached at the end of September between Werner M. Dornscheidt, CEO of Messe Düsseldorf, and Martin März, fairtrade’s founder and Managing Partner. Messe Düsseldorf entered as an equal partner into cooperation for plast & printpack alger. The aim is to further develop the trade show and perceive growth opportunities together. The next plast & printpack alger will take place in March 2018 in Algiers. “Algeria is among the four largest economies in Africa, together with South Africa, … Continue reading

Japan’s Leading Index At 9-Month High

Japan’s leading index rose to a 9-month high in August, preliminary data from the Cabinet Office showed Friday. Japan’s leading index that measures the future economic activity, climbed to 101.2 in August from 100 in July, preliminary data from the Cabinet Office showed Friday. This was the highest score since November 2015, when the reading was 101.5. Meanwhile, the coincident index, which reflects the current situation, fell marginally to 112 from 112.1 a month ago. The expected level was 111.8. … Continue reading

Africa’s first Fairtrade certified gold co-operative offers hope to gold miners living in poverty

Syanyonja Artisan Miners’ Alliance (SAMA) has become the first artisanal small scale mining co-operative in Africa to become Fairtrade certified, bringing much needed hope to impoverished communities who risk their lives to mine the rich gold seam that runs around Lake Victoria. SAMA is one of nine previously informal groups from Uganda, Kenya and Tanzania which has benefitted from a pilot project launched by Fairtrade in 2013. This innovative program aims to extend the benefits of Fairtrade gold to artisanal … Continue reading

Edgewater launches matching engine in Mexico City

Edgewater Markets received a $30 million equity infusion earlier this year to boost the business Edgewater Markets, a provider of institutional foreign exchange liquidity, has launched a local matching engine in Mexico City in a bid to expand its business in the region as it ramps up its focus on the peso. The launch is a sign of the firm’s ongoing global growth in providing low-latency technology solutions. FX trading and liquidity platform continues to execute global growth strategy and … Continue reading

New Zealand’s first Fairtrade Climate Neutral Coffee

Fairtrade have launched New Zealand’s first climate neutral coffee, which not only helps fight climate change, but also supports communities in developing countries. In partnership with Countdown, the Climate Neutral Coffee is exclusively available at Countdown as part of their Macro brand. Fairtrade Climate Neutral Coffee means that the coffee production, from the farm right through to the supermarket shelf, has no negative impact on the climate. To achieve this, all participants in the supply chain first work to reduce … Continue reading

Should Correlations Drive Your Investment Decisions?

By Ron DeLegge Tuesday, May 10, 2016 5:57 PM EDT Do stock market correlations matter? Statisticians use correlations (or cross-correlation) to measure the relationship between asset classes or investments. The general idea is to better understand the similarity or dissimilarity in how investments perform against each other and to build a portfolio of investments that can benefit. The CBOE S&P 500 Implied Correlation Index (ChicagoOptions:^KCJ) also known as the “ICI”  is one such statistical measure that uses options to estimate the average correlation … Continue reading