Exact(1)
Ironically, many European manufacturers have benefited from a weaker euro, a reflection of currency traders' loss of confidence in the European Union as a result of Greece's debt problems.
Similar(59)
In theory, the "Volcker rule" will shield deposits from traders' losses.
But traders' losses now could discourage some from betting against the Hong Kong dollar the next time it shows weakness.
A1 Report on Traders' Losses The currency trader who hid losses of $691 million over five years, John M. Rusnak, was "unusually clever and devious" and bold, according to an internal report by his employer.
— JESSICA SILVER-GREENBERG Mr. Levin says that for the bank, the understatement of traders' losses helped reduce the red ink on the trades.
In addition, they might argue that rival banks deliberately moved their indicative prices in a direction that would make the JPMorgan traders' losses larger.
The bank said it was not increasing the overall amount paid to Dimon, just paying a bigger proportion of it in cash as the bank had done in previous years before a string of crises hit the bank, including the $6.2bn "London Whale" trader losses.
The drop was exacerbated by the triggering of stop-loss orders, which are trades arranged to limit a trader's loss on an investment as the price falls.
This "survivorship bias" ignores the many traders whose losses from using charts drive them out of the market.Furthermore, the recommendations of technical analysts can be so hedged about with qualifications that they can validate almost any market outcome.
For the S.E.C., which was hoping to build on the momentum it gained from the recent trial win against Fabrice Tourre, a former Goldman Sachs trader, the loss could reignite concerns about the agency's struggles in the courtroom.
Exchanges handling currency contracts warn individuals that even the best traders see losses on 70% of their trades.
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