The very next year, both JPMorgan Chase and a Citigroup unit, Citicorp, were slapped with one felony count each for their involvement in the rigging
of foreign currency markets.
Gyrating stock values, slumping oil prices, turmoil
in foreign currency markets, predictions of slow growth or even deflation abroad... Suddenly, the outlook for the global economy and financial markets looks far different — and much dicier — than just a few months ago.
The total local currency new issuances in the index was only around one - third of last year's rate, as Indonesian sovereigns continued to tap into
different foreign currency markets; for example, they raised USD 4 billion from its global bond issuance in the first week of December.
Citigroup and JPMorgan Chase both pled guilty to felony charges by the U.S. Justice Department in May 2015 for their involvement in the rigging
of foreign currency markets.
As member of the Securities and Commodities Fraud Unit, he prosecuted numerous cases in financial markets, including nation's largest undercover operation
in foreign currency markets, as well as market manipulation and accounting fraud.
As already noted,
foreign currency markets are sensitive to even small changes in interest rates.
Citigroup denied the handful of allegations brought by Stimpson, although it did admit to the felony charge brought by the US Justice Department of rigging
the foreign currency market.
The goal of this forex tutorial is to provide a foundation for investors or traders who are new to
the foreign currency markets.
Concluding its prognosis of
the foreign currency market situation, Cowry Assets analysts stated, «this week we expect further depreciation of the Naira at the alternative market segments on aggravated supply scarcity buoyed by the closure of CBN's window to BDCs».
Seriously, start learning about the bond market,
the foreign currency market and interest rates.
In the 1990's
the foreign currency markets were opened up to the general public and the manner in which the currency rates moved became similar to the stock rates.
It is possible to make a good income from speculation in
the foreign currency market thanks to the exchange rate's constantly fluctuating position which is able to change and alter on a regular basis often up to every hour.
In the last couple of decades the retail, or over-the-counter,
foreign currency market has been increasing in popularity among more novice day traders.
The foreign currency market is the largest financial market in the world, and investors in this market have many options.
Regarding point # 8 above: I work in
the foreign currency market so I am in particular tune with the exchange rates.
The foreign currency markets provide numerous examples of what can happen once trust becomes corroded.