Author Archives: Trading Advantage

Comments from SNB policymaker Zurbruegg in Geneva were due an hour ago but the first headline just hit. There’s been talk about negative deposit rates but it looks like there’s no appetite for a move unless the 1.20 floor in EUR/CHF is seriously challenged. More comments: • The franc is highly val…

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SNB’s Zurbruegg: Current interst rates are appropriate from a price stability point of view

Commodity prices have been falling around the world, and Paul Tudor Jones II thinks this trend will play out through 2020. On Monday, the legendary macro trader was interviewed by another legend, Stanley Druckenmiller, at the Robin Hood Investors Conference. The conference, which is stacked wi…

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Paul Tudor Jones: Commodities Will Be Ugly Until At Least 2020

The central-bank put lives on. Policy makers deny its existence, yet investors still reckon that whenever stocks and other risk assets take a tumble, the authorities will be there with calming words or economic stimulus to ensure the losses are limited. A put option gives investors the right t…

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How Markets Need $200 Billion Each Quarter From Central Bankers

The European Commission on Tuesday fined four major financial institutions 93.9 million euros, or about $119.9 million, over two types of activity that it deemed as cartel behavior. In one case, the European Commission fined JPMorgan 61.7 million euros ($78.7 million) for manipulating the Swiss f…

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4 Banks, Including JPMorgan, Fined in Europe Over ‘Cartel’ Behavior

As my colleague Chris Tedder noted earlier today, the big news in today’s Asian session was undoubtedly China’s quarterly data dump. The marquee GDP report came out 0.1% better than expected at 7.3% y/y, but this reading still represents a 5-year low for growth in the world’s second-largest economy….

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NZDUSD: All Eyes on .8000

Soft entry-level housing demand has fanned fears that rising student loan burdens may be crimping home purchases. But new data suggests that student debt may lead young adults to defer homeownership rather than skip out on it entirely. Moreover, the housing market may face a greater drag in the l…

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How Much Will Student Debt Drag on Housing?

Sales of previously owned U.S. homes rose in September to the highest level in a year, adding to signs that residential real estate will be a plus for the economy. Closings (ETSLTOTL), which usually take place a month or two after a contract is signed, advanced 2.4 percent to a 5.17 million annua…

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Sales of Existing U.S. Homes Rose in September to One-Year High

After a modest decline last month, existing-home sales bounced back in September to their highest annual pace of the year, according to the National Association of Realtors®. All major regions except for the Midwest experienced gains in September. Total existing-home sales1, which are completed …

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Existing-Home Sales Rebound in September

After a modest decline last month, existing-home sales bounced back in September to their highest annual pace of the year, according to the National Association of Realtors®. All major regions except for the Midwest experienced gains in September. Total existing-home sales1, which are completed …

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Existing-Home Sales Rebound in September

The regulator of Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) said on Monday it was developing rules to let Americans buy homes with down payments as low as 3 percent, part of a push to boost access to credit. Mel Watt, director of the Federal Housing Finance Agency, pledged the new guidelines …

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U.S. regulator targeting lower down payments on mortgages

The regulator of Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) said on Monday it was developing rules to let Americans buy homes with down payments as low as 3 percent, part of a push to boost access to credit. Mel Watt, director of the Federal Housing Finance Agency, pledged the new guidelines …

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U.S. regulator targeting lower down payments on mortgages

• Lower euro helps the economy German finance minister speaking in Berlin

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Germany’s Schaeuble says weaker euro helps German exporters

The EUR/USD continues to drive towards 1.29. Disappointing US Retail sales and global economic malaise have the market convinced that the Federal Reserve will push their first rate hike further down 2015. Based on Chair Yellen’s first post FOMC press conference the market was expecting the first…

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Central Banks in View After China Growth Surprise Fails to Lift Markets

The EUR/USD continues to drive towards 1.29. Disappointing US Retail sales and global economic malaise have the market convinced that the Federal Reserve will push their first rate hike further down 2015. Based on Chair Yellen’s first post FOMC press conference the market was expecting the first…

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Central Banks in View After China Growth Surprise Fails to Lift Markets

Precisely half an hour ago, we mocked the overnight Reuters trial balloon about ECB corporate bond buying, whose only purpose was to send futures higher, when not only did we question the credibility of the report based on “one person familiar with the work inside the ECB, speaking on condition of…

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FT Rejects Reuters Unsourced Trial Balloon About ECB Buying Corporate Bonds, Futures Refuse To Plunge

Precisely half an hour ago, we mocked the overnight Reuters trial balloon about ECB corporate bond buying, whose only purpose was to send futures higher, when not only did we question the credibility of the report based on “one person familiar with the work inside the ECB, speaking on condition of…

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FT Rejects Reuters Unsourced Trial Balloon About ECB Buying Corporate Bonds, Futures Refuse To Plunge

BREAKING

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ECB said not to have put corporate bond buying on agenda