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ISIS ‘making millions’ by gaming forex markets

FILE - This undated file image posted on a militant website on Jan. 14, 2014, shows fighters from the Islamic State group marching in Raqqa, Syria. T (AP Photo/Militant Website, File)

The militant group that calls itself Islamic State (ISIS) is exploiting national banking operations in Iraq and could be making up to $25 million a month in Middle Eastern money markets, according to experts. Speaking to a U.K. parliamentary subcommittee set up to examine how Britain could help disrupt ISIS ...

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Upside potential for EUR/USD? – Commerzbank

Commerzbank

decides on surprisingly aggressive easing. There are first signs indicating that the market view is shifting in this direction, which should limit upside potential for EUR/USD ahead of the ECB’s upcoming meeting on 10 March. Key Quotes “How much further can EUR/USD rise? Since 1 February the exchange rate is ...

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EUR/GBP posts eighth consecutive weekly gain

trading-forex

The euro finished the week among the top performers in the currency market boosted by risk aversion; the pound, on the other side, dropped sharply amid fears of Brexit and a slowdown in the UK economy. EUR/GBP rose more than 300 pips since the beginning of the year and it ...

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Oil ends the week below $30.00 a barrel

Energy_TundraOaG_01

Crude fell more than 5% on Friday and dipped below $30 a barrel amid risk aversion and concerns that Iran will add to the supply glut. West Texas Intermediate crude for February fell 5.7% to settle at $29.42 a barrel on the New York Mercantile Exchange. It earlier scored a ...

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US stocks fall sharply weighed by oil, China

China-Oil

US stocks finished the day with sizable losses on Wednesday, weighed by a combination of a slump in oil prices, geopolitical tensions and fears of a Chinese economic slowdown. Meanwhile, the minutes of the latest Federal Reserve meeting showed that despite members voted unanimously to raise rates in December, it ...

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