private consumption has remained resilient as a trend; BOJ gov on the wires; virtuous cycle clearly continuing to work; Yada yada; Coming out at the same time is Jiji press poll showing support for Abe & Co falling 2.8% to 47.9%;
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BOJ’s Kuroda says production has shown some weakness
At the end of a crazy market week, today’s focus could be on the European bond markets, given that risk premiums for the crisis countries have been increasing for some time. The comprehensive assessment release date is approaching, and doubts linger about the European Central Bank can achieve….
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3 Numbers: Fed’s Yellen speaks, US housing and consumer sentiment
Having rotated their attention to the T-bill market in Japan (after demand for the Bank of Japan’s cheap loans disappointed policymakers) in an effort to ensure enough freshly printed money was flushed into Japanese markets, the BoJ now has a major problem. For the first time since QQE began,…
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Japanese Stocks Tumble After BoJ Bond-Buying Operation Fails For First Time Since Abenomics
Home builders may be able to finally catch a break this year as the span of record-low interest rates will likely last for almost another year which should provide enough time for the already accelerating economy to give plenty of people the opportunity to earn a living. With fast declining unemp…
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US Housing Starts Seen Nudging Higher in September
From Ebola to debt to deflation, fear once again stalks the global economy. With bewildering speed, concerns about of credit defaults, slowing demand and political instability have eclipsed exuberance over America’s falling jobless rate and Alibaba’s record-breaking IPO. The most-asked question i…
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Is Asia Ready for Another Wild Ride?
Stocks have tumbled, with much of the drop in recent days and he 2-year differential, which powered the Dollar higher has pulled back sharply, the biggest drop since the “no taper” surprise in September 2013. To get more insights on that, Goldman Sachs assess how vulnerable the USD is to the many…
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Goldman: How Vulnerable Is The Dollar To ‘Growth Scare’ N-Term?
Kiwi Looks To Break Bullish Channel Technical Sentiment: Neutral Key Takeaways •With USD and Yen retracing, Kiwi stuck inside a well defined channel so far in October; •Recent swing structure shows Higher Highs and Higher Lows within a bullish channel; •A breakout is very likely to follow for N…
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Kiwi Looks To Break Bullish Channel
The bear market in oil is showing the world there’s still only one country in a position to choose winners and losers in the global market: Saudi Arabia. The world’s largest oil exporter is trying to protect its market share by keeping its production steady even as prices hit a four-year low. Ene…
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Don’t Mess With Saudis in Oil Bear Market Global Shakeout
Had I not been in my living room wearing sweatpants while watching “The Blacklist” instead of punching my Bloomberg Terminal at One Bryant Park, I would have thought I was back in 2008. Wednesday’s trading seemed like a typical 2008 day. The S&P 500 was down almost 3 percent on Wednesday’s lows…
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Forget QE. The new buzzword is PAIN TRADE
USD has rallied and now, naturally after a prolonged move, investors may look for diversification into other currencies and while the idea of a higher USD stayed deeply anchored in investors’ minds, there is a search for the ‘mini-dollar’, says Morgan Stanley. Where is the mini-dollar? “In…
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Where Is The ‘Mini-Dollar’? How To Trade It? – Morgan Stanley
Japan’s Finance Minister Aso: Sudden rises and falls in foreign exchange cause trouble; paying close attention to forex effect on economy
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Japan’s Finance Minister Aso: Sudden rises and falls in foreign exchange cause trouble
Amid all the of doomsday predictions and fearful hand-wringing about the stock market, the knowing chuckle of billionaire investor Warren Buffett once again puts panic into context. Of course he’s buying stocks. Prices are falling, so why not? Like with his famous “hamburger quiz,” the best time …
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Warren Buffett isn’t worried about this market
News emerging from Washington last week suggests climate change may amount to more than an FAQ in the appendices of this November’s G20 leaders’ summit agenda. President Obama’s deputy national security adviser for international economics, Caroline Atkinson, has made the point that, as the G20…
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Abbott’s G20 agenda: climate still the elephant in the room
Costs are higher in South America as compared to North America, especially in Chile, because of labor training needs, higher energy costs, and the scarcity of water.
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Must-know: Where Barrick Gold operates and at what cost
BREAKING
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Earlier comment that ‘RBNZ says NZD level is unjustified and unsustainable’ was run in error by a major newswire
I’m not sure this is the end of the stock market sell off. Indeed I’m pretty sure that it’s not. but when you get a noted hawk – like James Bullard – saying that that there could be a delay to the end of QE, which is expected this month, overnight and you look at the technical patterns,…
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Markets trying to base and recover for a while. Bullard suggests delay to QE end
The Reserve Bank is changing the way it calculates the trade-weighted index (TWI), Reserve Bank Assistant Governor and Head of Economics, Dr John McDermott, said today. Dr McDermott said that the Bank periodically reviews the construction of the TWI. The last review was in 2007. From 11 Decemb…
•RBNZ says NZ currency level is unjustified, unsustainable •RBNZ would welcome move toward more sustainable exchange rate •Currency susceptible to significant downward adjustment •Unscheduled comments from the RBNZ, crossing on the wires now
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RBNZ says NZ currency level is unjustified, unsustainable
If the worst of the market panic is behind us, it is worthwhile exercise to see what the charts are saying about the dollar. One advantage of technical analysis is that the fundamental causes and considerations behind the large moves need not be determined. As is often the case, the large mark…
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Some Thoughts about the Dollar’s Technical Outlook Now
Congressional lawmakers criticized the government’s response to Ebola in the United States on Thursday as some called, at a congressional hearing probing efforts to contain the virus, for a ban on travel from epidemic-stricken West Africa. Federal Aviation Administration chief Michael Huerta told…
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U.S. lawmakers blast government’s Ebola response, urge travel ban
