August 27, 2014 BY Mike Fox

FX cartel? British competition watchdog joins probes of Forex market

Reuters and the Wall Street Journal are reporting that the UK Competition and Markets Authority (CMA) has become the latest regulator to investigate the global foreign exchange market following allegations of rigging, the Wall Street Journal in particular reported on Tuesday, citing two people familiar with the matter. The antitrust watchdog recently shared information relating…

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August 27, 2014 BY Mike Fox

Swissquote Daily Technical Report: USD/JPY – Digesting its recent rise

In Swissquote’s Wednesday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for USD/JPY and AUD/USD. To view and download the entire report, click here (PDF). USD/JPY: Digesting its recent rise • USD/JPY has failed to hold above the key resistance at 104.13, suggesting…

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