The Conference Board Consumer Confidence Index®, which had decreased in September, rebounded in October. The Index now stands at 94.5 (1985=100), up from 89.0 in September. The Present Situation Index edged up from 93.0 to 93.7, while the Expectations Index increased sharply to 95.0 from 86.4 in…
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The Conference Board Consumer Confidence Index Rebounds
OPEC’s glory days of steering global oil prices may be at an end. U.S. shale oil will replace the Organization of the Petroleum Exporting Countries as the first-mover “swing producer,” according to a Goldman Sachs report from the weekend—meaning OPEC is losing its power to set global prices for c…
Home prices in 20 U.S. cities rose at a weaker pace in the year ended in August as borrowing standards remain tight and wage gains fail to accelerate. The S&P/Case-Shiller index of property values increased 5.6 percent from August 2013, the smallest gain since November 2012, after rising 6.7 per…
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Home Prices in U.S. Show Slower Year-to-Year Increase in August
Data through August 2014, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, continue to show a deceleration in home price gains. The 10-City Composite gained 5.5% year-over-year …
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Home Price Gains Fade Further According to the S&P/Case-Shiller Home Price Indices
Natural gas prices started the week by falling ~2.4% to $3.67 MMBtu (million British thermal units) on Monday. This was the lowest close in 11 months.
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Key insight: Why natural gas prices remain bearish
Here they are: the most important charts in the world. A lot has changed since the last time we published this collection back in July. The economic situation in Europe has deteriorated, the unemployment rate in the US has fallen below 6%, and the Fed looks poised to conclude its quantitative …
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Wall Street’s Brightest Minds Reveal The Most Important Charts In The World
Orders for durable goods unexpectedly dropped in September for a second month as demand for machinery and computers slumped. Bookings for goods meant to last at least three years decreased 1.3 percent after falling 18.3 percent in August, a Commerce Department report showed today in Washington. T…
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Durable Goods Orders in U.S. Decrease for Second Straight Month
One of the more infamous and misunderstood market signals is the magazine-cover indicator. Created by Paul Macrae Montgomery, this contrary indicator essentially tells us when some investment theme or fad has reached a crescendo. The thinking goes that by the time the editors of Time find out about…
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Investment Signals in a Magazine Cover
The US dollar is narrowly mixed in quiet turnover. The historic FOMC meeting that announces the end of QE is finally at hand. This marks a new phase, post-QE, for monetary policy, and the US economy more broadly. Although there had been some jitters, investors have come around to expect the F…
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Dollar Dithers as QE Withers
“Bankruptcy? Repossession? Charge-offs? Buy the car YOU deserve,” says the banner at the top of the Washington Auto Credit website. A stock photo of a woman with a beaming smile is overlaid with the promise of “100% guaranteed credit approval”. On Wall Street they are smiling too, salivating ov…
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Fears grow over QE’s toxic legacy
Could MetaQuotes’ introduction of a proprietary STP gateway which transforms its platform into a fully a-book compatible solution signal the end of the road for bridge providers? As far as development within the retail FX technology sector is concerned, five years is a veritable lifetime. Cast…
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MetaQuotes takes on the developers with in-house gateway
The Federal Reserve will go out of its way this week to send soothing signals to investors already unnerved by recent market volatility and worries about the global economy. There are no press conferences or updated economic forecasts after the U.S. central bank’s two-day meeting Tuesday and Wedn…
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Fed will hold market’s hand as it ends QE3
The Federal Reserve will go out of its way this week to send soothing signals to investors already unnerved by recent market volatility and worries about the global economy. There are no press conferences or updated economic forecasts after the U.S. central bank’s two-day meeting Tuesday and Wedn…
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Fed will hold market’s hand as it ends QE3
The Swedish economy is relatively strong and economic activity is continuing to improve. But inflation is too low. The Executive Board of the Riksbank has therefore decided that monetary policy needs to be even more expansionary for inflation to rise towards the target of 2 per cent. The Board is…
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Sweden: Repo rate cut to zero per cent
China’s desire that blue skies and traffic-free streets greet world leaders at a summit in Beijing next week — after air pollution in the capital reached hazardous levels at least 10 days so far this month — is prompting the city to ask residents to go away. The municipal government announced a…
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Beijing Tells Its Residents to Leave Town Ahead of APEC
economy has lost momentum but no deflation is present; More of the same from PP on the wires;
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ECB’s Praet says Eurozone deflation risk is limited
As reported by the Federal Statistical Office (Destatis), the index of import prices decreased by 1.6% in September 2014 compared with the corresponding month of the preceding year. In August 2014 and in July 2014 the annual rates of change were –1.9% and –1.7%, respectively. From August 2014 to…
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German Import prices in September 2014: –1.6% on September 2013
As reported by the Federal Statistical Office (Destatis), the index of import prices decreased by 1.6% in September 2014 compared with the corresponding month of the preceding year. In August 2014 and in July 2014 the annual rates of change were –1.9% and –1.7%, respectively. From August 2014 to…
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German Import prices in September 2014: –1.6% on September 2013
The European Central Bank’s long-awaited asset quality review suggests the vast majority of Euro-area banks could withstand a shock to the region’s economy. Just 25 of 123 banks failed its stress test. That’s good news. But does it mean European banks are in position to start lending and fuel…
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European Banks Pass Test, But Are They Ready to Lend?
The European Central Bank’s long-awaited asset quality review suggests the vast majority of Euro-area banks could withstand a shock to the region’s economy. Just 25 of 123 banks failed its stress test. That’s good news. But does it mean European banks are in position to start lending and fuel…
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European Banks Pass Test, But Are They Ready to Lend?
