All
 

 

Just in:  

You are here: Home»Markets»FXMM»Europe

Europe

Archive

Bets for volatile British pound soar as Scotland votes LONDON: Financial investors stepped up hedging against sharp fluctuations in the value of Britain's pound over the next 24 hours as Scots voted in an independence referendum that polls suggest is too close to call.The overnight sterling/dollar implied volatility rose to a high of 34.75 percent, almost 10 times levels seen a month ago, having closed on Wednesday at around 12.75 percent. The overnight options will expire on Friday, when results for the Scotland vote will be announced.Thursday's vote will close at 10 p.m. (2100 GMT) and the first trends are likely to come out a few hours after that.Currency dealers said they are bracing for choppy trading as the first regions likely to report results could show a tendency to lean towards independence. That could put sterling under pressure.Larger regions, with the highest percentage of the vote, are not expected to report until later, and the final result may ...

Turkish lira weakens after Fed, Bank Asya see-saws ISTANBUL: The Turkish lira fell to a 5-1/2 month low on Thursday after the US Federal Reserve's outlook for rising rates stoked concerns that emerging assets may lose some of their yield appeal.Trade was volatile in Bank Asya, an Islamic finance institution, which surged 11 percent to 0.71 lira ($0.32) after sliding 11 percent at the opening. The share has sunk 43 percent this week since it resumed trading on Monday following a suspension of ...
Swiss franc rises to 1-week high after SNB announcement LONDON: The Swiss franc rose to a one-week high against the euro on Thursday, after the Swiss National Bank refrained from steps to weaken the currency, confounding some investors' expectations of a cut in deposit rates to negative. The euro fell to 1.2065 francs, down 0.2 percent on the day, having traded at 1.2112 before the SNB announcement. The dollar fell 0.4 percent to 0.9375 francs, having traded at around 0.9406 beforehand. The SNB kept ...
Sterling recovers on ‘No’ polls, volatility jumps LONDON: Sterling crept above $1.63 to a two-week high on Wednesday, helped by polls showing the "No" camp holding onto a slender lead before Thursday's referendum on Scottish independence.Tension remains high before the vote, and the cost of hedging against sharp overnight swings in the British pound doubled from Wednesday's European close. One-week options imply the highest levels of volatility since 2008.That reflects how worried markets are that a vote for Scottish independence would weaken ...
Turkish lira up, Bank Asya shares drop to fresh lows ISTANBUL: The Turkish lira rose off 5-1/2 month lows on Wednesday on speculation the U.S. Federal Reserve would maintain a pledge on low rates later in the day, giving riskier emerging market assets a breather.Shares in Bank Asya fell 10 percent to 0.72 lira, extending this week's losses to 42 percent amid uncertainty over its future.The lira firmed to 2.2083 against the dollar by 0836 GMT from 2.2140 late on Tuesday.Emerging markets have suffered in ...
Dollar climbs to near 6-year high vs yen, Fed language under scrutiny LONDON: The dollar neared six-year highs against the yen on Wednesday as investors awaited fresh clues from the Federal Reserve on when a first hike in U.S. interest rates is likely to come.The Fed's Open Market Committee (FOMC) will conclude its regular two-day policy meeting later in the session and issue a policy statement. Policymakers will also release new economic and interest-rate projections extending through 2017.The dollar came under pressure late on Tuesday after the ...
Sterling inches higher after Scottish polls, volatility jumps LONDON: Sterling crept higher on Wednesday, helped by a handful of polls showing the "No" camp holding onto a slender lead in the run-in to Thursday's referendum on Scottish independence.Nerves remain high ahead of the Scots vote and the cost of hedging against sharp overnight swings in the British pound doubled compared to Wednesday's European close. One-week options imply the highest levels of volatility since 2008.Against those risks, a slightly bigger than expected fall in ...

 



 
Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
Arrow FTSE 6,837.92 0.27
Arrow DAX 9,799.26 0.01
Arrow CAC-40 4,461.22 0.08
Arrow Nikkei 16,321.17 1.58
Arrow H.Seng 24,306.16 0.57
Arrow Sensex 27,090.42 0.08





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln