The U.S. Federal Reserve on Wednesday is expected to shutter its bond-buying program, closing one controversial chapter in its crisis response even as it struggles to manage a full return to normal monetary policy. The Fed is likely to announce at the end of a two-day meeting that it will no lon…
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Fed set to end one crisis chapter even as global risks rise
The Swiss National Bank’s credibility will suffer if voters back an initiative requiring it to hold at least 20% of its assets in gold, Governing Board Member Fritz Zurbruegg says in interview with Aargauer Zeitung; …
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SNB’s Zurbruegg Says Gold Initiative Would Hurt Credibility
Monetary policy for Britain is in focus today with the monthly update on money supply data. Later, the US economy takes centre stage with the release of the Federal Reserve’s policy statement. …
Monetary policy for Britain is in focus today with the monthly update on money supply data. Later, the US economy takes centre stage with the release of the Federal Reserve’s policy statement. …
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3 Numbers: UK money supply in focus, US loans, FOMC
When billionaires want you to know they’ve arrived, they usually go shopping for something that’s extremely rare or very gaudy — or both. The top 2,170 richest people in the world have a combined wealth of around $6.5 trillion, according to private wealth consultancy Wealth-X, but they don’t alwa…
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5 outrageous billionaire shopping trips
When billionaires want you to know they’ve arrived, they usually go shopping for something that’s extremely rare or very gaudy — or both. The top 2,170 richest people in the world have a combined wealth of around $6.5 trillion, according to private wealth consultancy Wealth-X, but they don’t alwa…
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5 outrageous billionaire shopping trips
Gold futures traded near a two-week low as investors awaited the conclusion of the Federal Reserve’s two-day meeting tomorrow. The metal rose as much as 0.5 percent today before erasing gains after a government report showed orders for U.S. durable goods unexpectedly fell in September. The metal’…
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Gold Futures Closes Near Two-Week Low on Fed Speculation
Japan’s plan to raise its sales tax for the second year in a row next year may not be positive for the country’s credit rating if it snuffs out any chance of economic recovery, a senior official of Standard & Poor’s said. If the government were to delay next year’s tax increase, it would still ne…
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Japan sales tax hike plan may be negative if it harms economy: S&P
New Zealand’s currency may drop to a more than two-year low, according to Morgan Stanley, as a 50 percent slide in milk powder fuels speculation the central bank will delay interest-rate increases. The slump in prices for New Zealand’s biggest export, along with benign inflation, will likely prev…
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China Milk Demand Drop Has Morgan Stanley Bearish on Kiwi
New Zealand’s currency may drop to a more than two-year low, according to Morgan Stanley, as a 50 percent slide in milk powder fuels speculation the central bank will delay interest-rate increases. The slump in prices for New Zealand’s biggest export, along with benign inflation, will likely prev…
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China Milk Demand Drop Has Morgan Stanley Bearish on Kiwi
“The ruble weakened to a record for the fifth day on concern Russia will quicken its move to a free float after more than $20 billion of interventions this month failed to halt the depreciation,” Bloomberg reported today, the same sort of line we’ve been seeing for weeks – in an environment when all…
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Russia Wins Currency War, Even if it Doesn’t Want to
“The ruble weakened to a record for the fifth day on concern Russia will quicken its move to a free float after more than $20 billion of interventions this month failed to halt the depreciation,” Bloomberg reported today, the same sort of line we’ve been seeing for weeks – in an environment when all…
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Russia Wins Currency War, Even if it Doesn’t Want to
Technical Sentiment: Neutral Key Takeaways •Steady flows in AUD were noticed throughout the day as the greenback took another beating on weaker than expected data; •EUR/AUD shows a descending triangle pattern which usually ends with price breaking below support; Aussie advanced further against a…
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EUR/AUD Range Contracts As Breakout Looms
Technical Sentiment: Neutral Key Takeaways •Steady flows in AUD were noticed throughout the day as the greenback took another beating on weaker than expected data; •EUR/AUD shows a descending triangle pattern which usually ends with price breaking below support; Aussie advanced further against a…
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EUR/AUD Range Contracts As Breakout Looms
Over the past few years Peter Schiff has consistently predicted that gold was headed higher, and has consistently been proved wrong. On Thursday, he vigorously defended his calls in a heated debate with trader Scott Nations, who calls his confidence “dangerous.” Back on Oct. 25, 2012, with gold a…
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Trader smacks down Peter Schiff: ‘This is dangerous’
Over the past few years Peter Schiff has consistently predicted that gold was headed higher, and has consistently been proved wrong. On Thursday, he vigorously defended his calls in a heated debate with trader Scott Nations, who calls his confidence “dangerous.” Back on Oct. 25, 2012, with gold a…
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Trader smacks down Peter Schiff: ‘This is dangerous’
The following are Goldman Sachs’ expectations for this week’s policy meetings by the FOMC, RBNZ, and BoJ. Dates below correspond to the location of events: Wednesday, October 29. FOMC: US data have generally been solid since the last FOMC meeting, with a few exceptions. Our Economics team’…
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Expectations For This Week’s FOMC, RBNZ, BoJ – Goldman Sachs
Business confidence lifted in October. A net 27% of firms are optimistic about general prospects, up 14 points on the month prior. We put September’s decline in confidence down to politics, and this month we say the same. Confidence is still well down from its February euphoria (a net 71% of f…
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ANZ Business Outlook – Feeling wheelie good
The Bank of Japan’s deputy governor said Tuesday the timeline for reaching its inflation target “can’t be like a train schedule”, remarks that may fuel doubts about the ambitious goal of conquering years of deflation. The comments by Kikuo Iwata come as BOJ chief Haruhiko Kuroda remains upbeat on…
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Inflation target timing not like train schedule, says BOJ
A NASA rocket filled with supplies for the International Space Station exploded at launch Tuesday evening. The rocket was unmanned. NASA said there were no injuries caused by the Antares rocket’s accident but cited “significant” damage to launch facilities. Orbital Sciences’ Cygnus spacecraft …
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NASA rocket explodes on launch
