Consolidation: After falling to 105.19 last week, USD/JPY has been rallying to 107.39 to start this week before retreating. Bearish Attempt: The 1H chart shows that the pair has now returned below the 200-, 100-, and 50-hour simple moving averages (SMAs), and the 1H RSI has broken below 40, which…
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USD/JPY Threatening to Slide Further
South African Olympic and Paralympic sprinter Oscar Pistorius was sentenced to five years in prison on Tuesday for killing his girlfriend Reeva Steenkamp, ending a trial that has gripped South Africa and the world. As judge Thokozile Masipa read out her decision on Pistorius’ Sept. 12 culpable h…
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Pistorius jailed for five years for killing girlfriend Steenkamp
The bear market in oil has analysts reassessing the U.S. shale boom after five years of historic growth. The U.S. benchmark price dropped to $79.78 a barrel on Oct. 16, the lowest since June 2012. At that level, one-third of U.S. shale oil production would be uneconomic, analysts for New York-ba…
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Oil at $80 a Barrel Muffles Forecasts for U.S. Shale Boom
Of all the decisions that Dominique Goubault says have helped to keep his 117-year-old family business alive, one in particular raises eyebrows: limiting his staff numbers to 49 or fewer. The CEO is among many bosses in France who won’t hire a 50th worker, in order to avoid the subsequent obliga…
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Weary French bosses square up as Hollande takes on ’50th worker’ reform
China grew at its slowest pace since the global financial crisis in the September quarter and risks missing its official target for the first time in 15 years, adding to concerns the world’s second-largest economy is becoming a drag on global growth. A pick-up in factory output and government con…
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China’s growth slowest since global crisis, annual target at risk
The European Central Bank is considering buying corporate bonds on the secondary market and may decide on the matter as soon as December with a view to begin buying early next year, several sources familiar with the situation told Reuters. The ECB has already carried out work on such purchases, w…
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ECB looking at corporate bond buys, could move as soon as Dec – sources
Mario Draghi, the European Central Bank president, indicated in September that the latest measures to boost faltering eurozone inflation and get the economy moving again could increase the ECB’s balance sheet up by to €1 trillion. In reality, he doesn’t have full control of the ECB’s arsenal of…
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Draghi has his back to the wall
Thank you very much for the invitation to speak tonight at the Commonwealth Bank’s 7th Annual Australasian Conference. I would like to extend a particularly warm welcome to those of you who are visiting Australia to gain first-hand knowledge of our economy and our financial markets. Welcome to our…
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RBA Lowe: Investing in a Low Interest Rate World
British government borrowing over the last six months was over 10 percent higher than in 2013, official data showed on Tuesday, giving Chancellor George Osborne a tough task to meet his full-year borrowing goals. Osborne aimed in March to reduce Britain’s budget deficit by more than 10 percent o…
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UK public finances worsen in first half of tax year
•Public sector net borrowing excluding public sector banks (PSNB ex) from April to September 2014 was £58.0 billion, an increase of £5.4 billion compared with the same period in 2013/14. •PSNB ex was £11.8 billion in September 2014, an increase of £1.6 billion compared with September 2013. •Due …
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UK Public Sector Finances, September 2014
Portugal’s government bonds led a selloff in peripheral debt in the euro area as German Finance Minister Wolfgang Schaeuble said the outlook for the region’s biggest economy has “clouded over.” Spanish and Italian securities also fell before reports this week analysts said will add to signs of st…
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Portugal’s Debt Falls With Spain’s on Stagnation Concern
Bank of England Governor Mark Carney is facing scrutiny on the management of Britain’s payments system after the biggest disruption in at least seven years delayed bank transfers and house purchases. Carney announced a “thorough, independent” review late yesterday after the BOE had to shut down …
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Carney Faces Scrutiny on Worst U.K. Payments Outage Since 2007
Exports from Switzerland rose by a real 2.2 percent in September to 17.5 billion Swiss francs, the Federal Customs Office said on Tuesday. Overall Switzerland ran a merchandise trade surplus of 2,452 million Swiss francs in September. KEY FIGURES (millions of Swiss francs) Sep 2014 Au…
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Swiss trade surplus widens to 2.5 bln sfr in Sept
DMM FX Australia, a Japanese owned ASIC regulated broker, has announced the launch of its own binary options trading platform. Unlike the SpotOption and Tradologic solutions that allow traders to choose different timeframes, DMM FX platform offers fixed expiry time of 3 minutes and 3 payout ratios,…
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DMM FX Australia launches a unique binary options platform
It’s a light day for scheduled economic reports in Europe, but the US retail and housing sectors are in focus with the release of weekly store sales data and the monthly update on existing home sales. Meanwhile, keep an eye on the sinking 10-year yield on German bonds as Berlin persists in pushing…
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3 Numbers: US store sales concerns, US home sales, German bond yields
Asian stocks crept up on Tuesday as investors took solace from data showing the Chinese economy grew slightly more than expected in the third quarter, calming fears of a deepening slowdown in the world’s second-largest economy. China’s economy grew 7.3 percent between July and September from a ye…
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Asian shares crawl higher on China GDP relief
Markets are reacting badly to Greek plans to exit its bailout program early. Uncertainties are being heightened by the prospect of early general elections. The end-result has been a sharp sell-off in Greek sovereign bonds, which has raised fresh concerns about the potential for spillover from Greek…
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Will New Greek Drama Threaten European Periphery?
One of my little obsessions is the social relationship of insider trading. Insider trading is so dumb, and can send you to jail for so long, and pretty much requires an accomplice. How do you decide whom to trust with something so momentous, and so dumb? Some people — a lot of people actually –…
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Herbalife Trader Sued for Insider Trading Sues SEC Right Back
We expect the AUD to remain a buy on dips, at least from a short-term perspective. This is mainly due to the view that risk sentiment will improve in the weeks to come and as there is little scope of changing RBA monetary policy expectations. Data wise investors’ focus will shift to Wednesday’s…
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Buy AUD On Dips – Credit Agricole
