Author Archives: Trading Advantage

Beijing – The People’s Bank of China (PBoC), the Chinese central bank, will reportedly inject 200 billion yuan ($32.7 Billion) into as many as 20 mid-sized regional and local banks with mixed ownership, so called joint-stock lenders. The funds are meant to support liquidity needs, as the country’s…

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Chinese Stimulus to Expand as GDP Expected to Fall

Wholesale sales edged up 0.2% to $53.1 billion in August. Gains in three subsectors, in particular the machinery, equipment and supplies subsector, more than offset declines elsewhere. Excluding the motor vehicle and parts subsector, which recorded the largest decline, wholesale sales rose 1.0%. …

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Canada Wholesale Trade, August2014

The European Central Bank has started buying covered bonds, an ECB spokesman said on Monday, opening a new front in its battle to revive the euro zone economy and keep deflation at bay. The ECB has already given banks the opportunity to borrow four-year loans and will also start buying bundled l…

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ECB starts buying covered bonds in fight to revive euro zone economy

Japan’s Justice Minister Midori Matsushima has resigned, hours after the resignation of Trade and Industry Minister Yuko Obuchi. Ms Matsushima had been accused by the opposition of violating election laws. Ms Obuchi is alleged to have misused funds from her political support groups and other d…

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Japan ministers Yuko Obuchi and Midori Matsushima quit

The Vix volatily index – known popularly as the fear index – hit a near three-year high last week, reflecting the toxic cocktail of bad news which has sent stock markets tumbling. Investors are concerned about growing signs of a global economic slowdown, particularly in China and the eurozone, at…

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What is the Vix volatility index?

IBM on Monday posted earnings that fell well short of analysts’ expectations, with the company saying it is “disappointed” with its performance. The tech giant reported earnings excluding items of $3.68 a share on revenue of $22.40 billion. IBM had been expected to post earnings excluding i…

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IBM on earnings: We’re disappointed with performance

The recent drop in oil prices could be due to more than just lower demand, according to some analysts, who have suggested that the U.S. could be deliberately manipulating the market to hurt Russia at a time of geopolitical stress. Patrick Legland, the global head of research at Societe Generale…

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Is the oil price fall more than just a coincidence?

It’s been a long time since a full parliament elapsed without an increase in interest rates. The last time it happened was between 1945 and 1950, when Clement Attlee’s Labour government held the official cost of borrowing at 2%. It looks increasingly likely that David Cameron’s administration wil…

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Why the decision on UK interest rates is held between the agony and ecstasy

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Bundesbank: German Economy Flat Or Grew a Little In 3Q; Cautious Outlook for 4Q

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ECB said to buy short-dated french covered bonds

The European Central Bank’s unprecedented inspection of lenders’ books will help end a slump in lending that’s dogged southern Europe for years, said executives at some of the region’s largest banks. “After the comprehensive assessment, when worries about capital levels are clarified, banks will…

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European Banks See ECB Exams as Step to Unlocking Lending

France’s finance and economy ministers fly to Berlin today to try to convince their German counterparts of their plans to improve competitiveness and to press for more investment. “There is a desire for a deal in which we’re making reforms because it’s good for us to boost our growth potential,”…

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French Ministers Visiting Berlin to Reassure on Budget

The seasonally adjusted current account of the euro area recorded a surplus of €18.9 billion in August 2014 (see Table 1). This reflected surpluses for goods (€15.3 billion), services (€7.8 billion) and income (€4.2 billion), which were partly offset by a deficit for current transfers (€8.4 billion)…

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Euro area balance of payments (August 2014)

When markets are buckling and volatility is signaling a crisis, you sell what you can, not what you want. That’s what happened last week on Wall Street, where slowing economic growth in Europe, Ebola anxiety and escalating conflicts in the Middle East and Ukraine tore through the calm with a for…

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Leveraged Money Spurs Selloff as Record Treasuries Trade

French Finance Minister Michel Sapin reaffirmed ahead of a meeting in Berlin with his German counterpart on Monday that France would cut its deficit at a rate appropriate to maintaining a fragile recovery. “We must not go all out for deficit reduction, we have to slow it down because we must be …

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France will cut deficit at appropriate pace: Sapin

The following are the intraday outlooks for USD Index, EUR/USD, USD/JPY, and AUD/JPY as provided by the technical strategy team at SEB Group. USD INDEX: An incomplete correction. We are now into the third day of congestion after the latest falling benchmark candle and if following the textbook …

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Intraday Outlooks For USD Index, EUR/USD, USD/JPY, AUD/JPY

When Europe announced its latest health check of top banks early last year it promised a “comprehensive assessment” of how well prepared they were to withstand another financial crisis. In practice, a spirit of comprehensive compromise has been just as important.  A series of Reuter…

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Credibility meets compromise in Europe’s bank stress test

The Federal Reserve should end its bond-purchase program as planned at its policy meeting this month, John Williams, president of the Federal Reserve Bank of San Francisco, said in an interview with The Wall Street Journal late Friday. Mr. Williams–whose views are often in line with top Fed offic…

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A Q&A With San Francisco Fed’s John Williams