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Friday’s NFP was released with stock markets finely poised inside the range set on FOMC day, while the USD was trading at lows last traded on the 11th April. Expectations were for some fairly average readings, with average hourly earnings and the unemployment rate estimated to be unchanged, and a headline print of +238K. However, the readings were firmly ...
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A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a “scapegoat” and failing to take its share of responsibility for missing the trades. Kavish Kataria, who was dismissed from the bank’s Delta One desk last year, said the profits and losses on his trades were reported on a daily basis to ...
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