Anyone scalping the FTSE Futures??

European markets trade with losses. One of the main news of the day is the penalty imposed against several banks by supervisors in England and the USA. In England, the supervisor has stipulated Citibank, HSBC, JPMorgan, Royal Bank of Scotland and UBS to pay a fine of 1100 M.GBP due to irregularities in the forex market. For its part, the US Commodity Futures Trading Commission reported that these banks will have to pay a fine of 1,400 M.USD by irregularities of the same nature. Although the conviction was expected, the fines are much higher than in comparable occasions.

The International Energy Agency will publish its report on the outlook for the end of 2014. Investors will monitor essentially the part on US production of oil and gas. The US became the world’s 3rd largest producer (accounting for about 10% of global production) due to the shale revolution, the horizontal extraction of gas and oil from shale surfaces.

Today, the Bank of England will hold a press conference to coincide with the publication of a bulletin on inflation. The economic growth of recent years has caused some inflationary outbreaks and some speculative levels that some areas of the housing market (especially in London) have reached. Among the various Central Banks there is a high probability that this can be the first to reverse the monetary policy in recent years.

The US markets closed with modest gains, with the Dow Jones and the S&P at new highs. Liquidity has been reduced due to the Veterans Day celebration, with many market players staying aside.
 
The regulators found that between January 2008 and October 2013, traders at the five banks formed groups that shared information about client activity.

“Traders shared the information obtained through these groups to help them work out their trading strategies,” the FCA said.

“They then attempted manipulate fix rates and trigger client `stop loss’ orders.” Stop loss orders limit client losses in the face of adverse currency movements.

http://www.scotsman.com/business/finance/banks-fined-2bn-by-watchdogs-over-forex-rigging-1-3601895
 
SuddenDeath said:
The regulators found that between January 2008 and October 2013, traders at the five banks formed groups that shared information about client activity.

“Traders shared the information obtained through these groups to help them work out their trading strategies,” the FCA said.

“They then attempted manipulate fix rates and trigger client `stop loss’ orders.” Stop loss orders limit client losses in the face of adverse currency movements.

http://www.scotsman.com/business/finance/banks-fined-2bn-by-watchdogs-over-forex-rigging-1-3601895
Click to expand...

You mean brokers do that kind of stuff :eek:
And yet weve had people who work for brokers come on here and swear they didnt. :whistling
Who'd a thunk it. :LOL:
 
if only we could see where the stops loss/buy stops were, we would know the levels the market will hit
 
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