On Wall Street, Stocks Opened Higher
On Wall Street, Stocks Opened Higher NEW YORK / CITY OF LONDON (SteveRichFX.com) – On Wall Street, stocks opened higher as oil […]
Category: News
The Dow Crashed Nearly 3,000 Points
Dow declined 2,997.10 points to 20,188.52 S&P 500 declined 324.89 points to 2,386.13 Nasdaq declined 970.28 points to 6,904.59 Russell 2000 declined […]
Russia’s Central Bank Prepares Markets For A Cut
The Central Bank of the Russian Federation has announced that it will cut interest rates to support the economy. Russia’s Central Bank […]
Dow Sinks 2,000 Points In Worst Day Since 2008
The S&P 500 plunged 7.6% – 30-stock benchmark was down 2,158 points. Energy and financial stocks dragged the blue-chip index down. The […]
The Pan-European Stoxx 600 Dropped 6.1%
Front Page Futures on the Dow Jones Industrial Average indicated an opening drop. Oil prices plunged more than 30% after OPEC’s failure […]
Central Bank Digital Currencies
Central banks worldwide are increasingly studying the monetary policy and financial system implications of issuing central bank digital currencies. Electronic central bank […]
Repo Crisis Part II – The Mother of all Financial Crises
The combination of the 1998 Liquidity Crisis and the 2007-2010 Financial Crisis. Repo Crisis Part II – The Mother of all Financial […]
China will become the Financial Capital of the World
China is making strides to increase foreign access to its local markets. China’s moves to boost foreign business. China is looking to […]
The City of London Remains the Financial Capital of Europe
The City of London remains the financial capital of Europe. Despite all the nonsense that the banks will leave and go to […]
European Banks Must Overpay 30-40bps Over Libor
Stay up to date and learn all you need to know with Steve Rich FX. Most European banks are having to overpay […]