The Australian Dollar’s decline has been thrown a lifeline by nervous Greenback bulls. For now, the bulls can breathe a sigh of relief, but the downside looms. As long as the USD Index continues to correct from the 4-year highs then I expect to see A$ stuck within the 0.864-89c range. The choppy…
The rest is here:
A$ Stuck in a rut, which bulls will gladly take (for now)
To Nelson Bunker Hunt, the world was full of enemies. There was inflation. It was running as high as 13 percent in the 1970s, like a thief threatening to steal the family fortune earned by his father, H.L., in the oil fields of East Texas. There was Muammar Qaddafi and the American oil men who…
More:
Haunted by Inflation, He Snapped Up Silver at $2, Made a Fortune and Lost It
The Conference Board Leading Economic Index® (LEI) for China increased 0.9 percent in September to 302.6 (2004 = 100), following a 0.7 percent increase in August and a 1.3 percent increase in July. Five of the six components contributed positively to the index in September. “The six-month gro…
Originally posted here:
The Conference Board LEI for China increased in September
The yen pulled away from two-week lows against the dollar on Friday on safe-haven bids as U.S. stock futures tumbled on reports that a New York doctor had tested positive for the Ebola virus. A physician with Doctors Without Borders who had returned to New York City from West Africa has tested po…
Read the rest here:
Yen rallies on safe-haven bids after New York Ebola case reports
China’s new-home prices fell in all but one city monitored by the government last month as easings of property curbs failed to stem a market downturn amid tight credit. Prices dropped in 69 of the 70 cities in September from August, the National Bureau of Statistics said in a statement today, the…
Original post:
China Home-Price Drop Spreads as Easing Fails to Halt Downturn
It wasn’t long ago that China was the cheapest place on earth to make just about anything. When China joined the World Trade Organization in 2001, the average hourly manufacturing wage in the Yangtze River Delta was 82¢ an hour. Oil was $20 a barrel, so no matter where you were ultimately selling…
More here:
China’s Rising Wages and the ‘Made in USA’ Revival
BREAKING
Here is the original:
New York City Doctor Confirmed Positive For Ebola, Girlfriend In Quarantine
London – According to official data, gross domestic product (GDP) in Britain managed to pick up sharply between the first and second quarter from 0.7% up to 0.9%, and economists expect this growth to keep its momentum, although the pace is expected to decelerate slightly towards the end of this year…
View post:
UK Growth to Ease in Q3 as BoE Sits Tight on Policy
Portfolio outflows have pressured EUR/USD sharply lower from both private and public investors, notes SocGen. “EUR/USD should be around 1.31/1.32 in a normal trading environment as bullish Fed rate hike expectations were pulled back. We are anything but under normal circumstances. The ECB’s neg…
Go here to see the original:
EUR/USD: Trading Portfolio Flows – SocGen
The U.S. Federal Reserve said on Thursday it would assume wider corporate bond spreads and a higher oil price in the most strenuous scenario it will use in next year’s run of its annual check of banks’ health. Overall, however, the Fed said its “severely adverse” scenario was largely similar to t…
Go here to read the rest:
Fed lays out scenarios for 2015 bank stress tests
The dollar rallied on Thursday as investors plowed cash back into riskier asset classes, underpinned by promising U.S. data and stronger-than-expected manufacturing reports in Europe and China. The dollar rose 0.10 percent against a basket of major currencies, with the U.S. Dollar Index at 85.83….
Read the original here:
Dollar rises on return to riskier assets
The seasonally adjusted value of exported goods fell 3.0 percent, to $12 billion, in the September 2014 quarter, Statistics New Zealand said today. Imports rose 3.7 percent, to $13 billion. The fall in exports in the latest quarter follows a 7.5 percent fall in the June 2014 quarter. Falls for bo…
Read the original:
Dairy continues to drive New Zealand’s exports down
It looks like a Treasury futures trader failed to do his or her homework. The price of 30-year Treasury contracts expiring in June jumped 7.3 percent yesterday, the first day they traded. What sets them apart is they’re the first futures where the U.S. government’s decision to stop issuing 30-yea…
Read more:
‘Humongous’ Treasury Future Move Shows Trader Didn’t Do Homework
Last year, propane prices spiked as a result of a shortage in propane inventories. Propane shortages depend on the severity of the weather.
Read more here:
Why weather is a wild card for propane prices
If international natural gas prices were to fall, LNG prices would also plummet, and send Cheniere’s stock price tumbling.
Here is the original:
Must-know: Cheniere Energy prospects in a nutshell
Global equity markets rose on Thursday, with stocks on Wall Street climbing more than one percent as U.S. corporate earnings continued to beat expectations, while government debt prices slid on encouraging American and German economic reports. Results from Caterpillar Inc and 3M Co, both Dow comp…
Read more here:
Stocks soar on U.S. corporate results, bonds fall
The Big Apple may have its first case of Ebola. Dr. Craig Spencer, who returned to New York City from Africa 10 days ago, was rushed in an ambulance with a police escort from his Harlem home to Bellevue Hospital on Thursday, sources said. He was suffering from Ebola-like symptoms — a 103-degree fe…
Read the original:
Doctor who treated Ebola patients rushed to NYC hospital
On Thursday Euro managed to completely turn the tables against a weakening Yen. EUR/JPY shows multiple bullish technical signals, all pointing to future gains toward 138 and possibly even 139.15. Technical Analysis EUR/JPY rally began in the early hours of European session; when Euro sentiment…
The rest is here:
EUR/JPY Turnaround Eyes 138
The International Monetary Fund now estimates a 30% risk of deflation in the eurozone, and growth figures within the monetary union continue to disappoint. But policymakers seem trapped in a cat’s cradle of economic, political, and legal constraints that is preventing effective action. The…
View original post here:
Europe’s Fiscal Wormhole
Last week crude oil futures (CLZ14:NYM) tested and found support twice at the $80.00 area, then proceeded to bounce to the $85 handle before resuming selling pressure this week. What I want to look at today is the Nadex Daily Crude Oil (Dec) $80.00 binary option, based on the CLZ4, which will expire today at 2:30 EST. When CLZ4 trades again to $80, this option will be trading at or near $50.00. If I believe that crude will hold that level into the close, I want to buy that option at a price of $50.00 or lower; What either trade offers me is a 1:1 risk versus reward; I will reach maximum profit on this trade if either CLZ4.NYMEX closes today at 2:30 EST above the $80.00 price (if I buy the option), or if the CLZ4.NYMEX closes below the $80.00 price (if I short the option).
