CBA To Be Taken To Court Over Interest Rate Rigging Charges
Commonwealth Bank (CBA) is being sued Australia's corporate regulator over allegations that the bank manipulated the benchmark interbank borrowing rate. These new allegations against CBA is yet another headache for the new chief executive Matt Comyn. The accusations against CBA
Read MoreAustralia & Hong Kong Housing Markets Most ‘Unaffordable’
The 14th Annual Demographia International Housing Affordability survey was released earlier this week which ranked Australia and Hong Kong’s housing markets as the most unaffordable in the world. The survey looked at 9 countries and examined 293 housing markets in
Read MoreUS Government Shut Down Turns Greenback Weak
So far in January, the USDCAD pair remains range bound between 1.2400 and 1.2580. The weak inflation, lower than anticipated JOLTS job openings, and a decline in the new housing starts in December is keeping the greenback weak. Despite a
Read MoreAussie Remains Bullish On Strong Employment Data
The weak inflationary pressure and lower-than-anticipated JOLTS job data keeps the US dollar weak against its rivals. However, the Aussie remains bullish on unexpected strength seen in the price of iron ore. The country is also expecting a considerable increase
Read MoreFormer Barclays Trader Charged By DoJ With Market Manipulation
The United States Department of Justice (DoJ) alleges that Robert Bogucki, the ex-head of the New York foreign exchange trading at Barclays Plc has engaged in fraud. He was charged for his supposed role in defrauding Hewlett-Packard (HP) with what
Read MoreOnePlus Investigating Rise In Credit Card Fraud Complaints From WebStore
OnePlus is one of the leading mobile manufactures based out of Shenzen, China. The company launched in late 2013 and quickly became one of the top brands in the global mobile gaming market with its flagship OnePlus phone. OnePlus has
Read MoreMixed Economic Data Keeps Greenback Range Bound Against Rivals
Lower than anticipated JOLTS job openings, weak PPI data, and a rise in unemployment claims has turned the greenback weak against its rivals. A Bloomberg report revealing Chinese officials’ recommendation to their government to trim down Treasury purchases has also
Read MoreUS dollar Remains Weak on Increase in Unemployment Claims
The US dollar, which has turned weak, following the soft JOLTS job openings data (5.88 million vs. 6.05 million expected), came under an increasing selling pressure on Wednesday after a Bloomberg report claimed that officials in China had recommended to
Read MoreVirtual Cryptocurrency Services By Korean Banks Being Inspected
South Korean financial authorities report that they are currently inspecting six local banks which offer virtual currency accounts to multiple institutions. The inspection will be carried out jointly by the Financial Supervisory Service (FSS) and the Financial Services Commission (FSC).
Read MoreLack Of Impetus Keeps EUR, JPY, & USD Range Bound
A series of low impact data was reported from the Europe, US and Japan yesterday. As detailed below, the German industrial production and trade balance data was impressive. However, it was offset by a poor French trade balance data. The
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