With Barrick’s new focus on quality over quantity, many of its mines were sold off in the last year and a half. The company sold off non-core mines, reducing the number of mines from 27 to 19.
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Why Barrick’s long-term production profile is in question
Things were looking grim last week, especially on Wednesday, when the Dow Jones Industrial Average was at one point down by 460. The CBOE VIX indicator soared to the mid-20s for the first time in two years. Fear was palpable as investors had a classic panic attack. But then, like the cavalry …
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The most successful market timers: the Federal Reserve
The cost of living in the U.S. barely rose in September, leaving inflation below the Federal Reserve’s goal as fuel prices plunge this month. The consumer-price index climbed 0.1 percent after decreasing 0.2 percent in August, a Labor Department report showed today in Washington. The median fore…
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Consumer Prices in U.S. Rise 0.1% as Inflation Remains Muted
Retail sales declined 0.3% in August to $42.4 billion. This second consecutive monthly decrease follows gains in the six previous months. Sales were down in 7 of 11 subsectors, representing 76% of retail trade. After removing the effects of price changes, particularly lower gasoline prices, retai…
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Canada Retail Trade, August 2014
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in September on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.7 percent before seasonal adjustment. Increases in shelte…
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US Consumer Price Index – September 2014
As we await tomorrow’s CPI and Friday’s Trade Balance the Kiwi Dollar finds itself conveniently below key resistance levels. Due to my analysis of the USD Index I suspect we will continue to see choppy range trading this week. However NZDUSD is now drifting towards the upper part of the 77-80c range…
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Kiwi Dollar flies into sell-zone
The overall transaction value of luxury homes in prime central London locations has fallen by over 20 percent, according to a U.K. estate agent, signaling that a correction in the capital’s booming housing market could be afoot. The data, collected by high-end estate agent Strutt and Parker, …
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Luxury London property sees further decline
The comprehensive assessment, which consists of an asset quality review and stress tests of bank balance sheets, is not yet completed. No final results have been sent to banks involved. The results will not be final until they are considered by the Governing Council of the European Central Bank on…
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ECB: Statement about media reports ahead of comprehensive assessment results
The following are the expectations for today’s BoC policy meeting as provided by the economists at Bank of America Merrill Lynch, Nomura, Credit Suisse, and other major banks. BofA:We expect the BoC to leave rates on hold, maintaining a neutral stance. Since the last interest rate decision, inf…
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What To Expect From BoC? – BofA, Barclays, Nomura, & Others
Austria’s Erste Bank rejected a report that it was one of at least 11 banks that had failed the European Central Bank’s landmark health check, while other banks named by Spanish newswire Efe did not comment. Efe said Erste, along with banks from Italy, Belgium, Cyprus, Portugal and Greece, had …
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Austria’s Erste denies report it has failed stress tests
Stress test is certainly the right word. This weekend — on Sunday to be precise — the European Central Bank will release the results of its audit of the European banking system. It is, however, the markets that are likely to end up as least as stressed as the banks under examination. The ECB is …
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Europe’s stress tests could lead to more bank bailouts
JBIC Watanabe, who is close to BOJ Gov Kuroda, says Japan will not intervene to defend Yen levels
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JBIC Watanabe: Japan will not intervene to defend Yen levels
Bank of England officials split for a third month on whether to increase the key interest rate as a majority saw increased risks from a slump in the euro-area economy. Minutes of the Monetary Policy Committee’s Oct. 7-8 meeting published today showed Martin Weale and Ian McCafferty wanted to inc…
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BOE Splits on Rate as Majority Sees Mounting Euro-Area Risk
Ilana Weinstein is a recruiter, a talent scout if you will, for hedge funds and other masters of our financial universe. As such, she has a pretty unique perch from which to view not only markets but the players within them and what they do to put points on the board. And after the volatility th…
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‘Vanilla Long’ Trades May Be Going Way of Vanilla Ice
Ilana Weinstein is a recruiter, a talent scout if you will, for hedge funds and other masters of our financial universe. As such, she has a pretty unique perch from which to view not only markets but the players within them and what they do to put points on the board. And after the volatility th…
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‘Vanilla Long’ Trades May Be Going Way of Vanilla Ice
The following are the intraday outlooks for EUR/USD, EUR/JPY, SP500, and Crude Oil as provided by the technical strategy team at SEB Group. EUR/USD: Topside failure and supply shown. The market went for a +1.2845 break when more euro-negative views hit the wires. The U-turn & low session close …
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Intraday Outlooks For EUR/USD, EUR/JPY, SP500, Oil – SEB
Currency wars are back, though this time the goal is to steal inflation, not growth. Brazil Finance Minister Guido Mantega popularized the term “currency war” in 2010 to describe policies employed at the time by major central banks to boost the competitiveness of their economies through weaker c…
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Currency Wars Evolve With Goal of Avoiding Deflation
“too early to say” on more ECB measures; ECB’s gov council member and Belgian central bank head Luc Coene quoted in L’Echo newspaper and on the wires a few moments ago; EURUSD posted 1.2740 but back to 1.2735; We haven’t talked about it seriously yet, but it is an element that has alre…
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ECB’s Coene says there is “no concrete proposal” on corp bond buying
Stocks are rallying again on Tuesday, rebounding sharply after a couple of shaky weeks to start October. And while the move in stock indexes grab the most headlines, most of the big action over the last few weeks has happened in the bond and currency markets. And some of the biggest, or at le…
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Hedge Funds Were Caught On The Wrong Side Of Two Big Trades Last Week
Throughout this 3-part article series, we are going to explore three different trading strategies, the market conditions they work best in, and how we can automate these strategies to run on our accounts for free. This first article we begin by looking at a breakout strategy that uses the…
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Free Automated Strategies (1 of 3): Trading Breakouts
