According to Credit Suisse’s 2014 Global Wealth Report, there are 128,200 ultra-high net worth (UHNW) individuals in the world. These are the folks whose net worth exceeds $50 million. That’s up from 98,700 a year ago. “The number of HNW and UHNW individuals has grown rapidly in recent years, …
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Here’s Where The World’s Richest 0.0017994134% Live
After falling sharply since July, gold price (XAU/USD) stabilized last week. This can be attributed to the recent weakness in the USD across the board. We can expect this current USD-weakness in the short-term, and thus further upside in gold price. However, we should respect the prevailing trend…
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Gold Remains Bullish Above October’s Rising Trendline
Hong Kong unexpectedly overtook the U.S. in September as the top destination for Chinese shipments. Not everyone is convinced those flows were genuine. Analysts at banks including Everbright Securities Co., Australia & New Zealand Banking Group Ltd. and Bank of Communications Co. said over-invoic…
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Fake Invoice Doubts Revived as China Trade Skyrockets
If you’re a driver, a shipper or an airline, low oil prices sure feel nice. But there are downsides to the recent plunge in oil prices – for the oil industry and for the economy. …
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Why drop in oil prices has downsides for US economy
The NAB Business Survey and its sub-indices is arguably the most important economic release each month because of the breadth of the economy it covers. So the release of this month’s survey showing a fall in both business confidence (+5) and business conditions (+1) is worrying. Indeed the fall i…
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NAB: Australian Business Confidence Is At Its Lowest Level Since The Election
It’s been a tough few weeks for the stock market. Over the last three months, each of the major averages has lost ground, and as of Friday’s close, the Dow turned negative for the year. Additionally, the Federal Reserve is set to wind down its quantitative easing program at end of the month, aft…
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JPMorgan’s Complete Guide To Everything Happening In The Markets
The last month has not been an enjoyable time for the Australian dollar as it endured a strong decline moving from close to 0.94 down to below 0.8650 and an eight month low in the process. For the last couple of weeks it has taken a breather mainly between 0.87 and 0.88. Even though it has met…
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AUD/USD – Resistance at 0.88 Plays a Role Again
At the close the Dow was 223 points lower for a fall of 1.35% closing at 16,321. The Nasdaq was down 1.46% and the S&P 500 dropped 31 points or 1.63% to 1,875. Futures, which are about a 10 point discount to the physical look biased to 1,800. In Europe stocks closed when the US markets were doing…
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Stocks crash into the close, USDJPY under 107 and heading to 105
Financial markets have been quiet, maybe too quiet, for much of this year. Of course, in saying this it increases the likelihood of it ending sooner rather than later! Indeed, since drafting this speech, the VIX has risen to its highest level since February. …
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Debelle: Volatility and Market Pricing
On October 9, the U.S. Energy Information Administration (or EIA) reported a 105 billion cubic feet (or bcf) natural gas inventory build for the week ending October 3.
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Must-know: Natural gas inventory movement last week
The eurozone’s finance ministers began making last-ditch efforts on Monday to avoid a clash with France, which must formally submit its budget for scrutiny by the European Union authorities by the middle of the week. The French government recently announced a “no austerity” budget for 2015, sayin…
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E.U. and France on Collision Course Over Budget
U.S. stocks sank, erasing earlier gains and capping the worst three-day loss for the Standard & Poor’s 500 Index since 2011, as investors weighed prospects for slowing global growth and the spread of Ebola. Halliburton Co., Dow Chemical Co. and Merck & Co. (MCK) lost at least 4.3 percent to pace …
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S&P 500 Slides to Cap Worst Three-Day Drop Since 2011
Arch Coal Inc (NYSE: ACI ) shares gained 4 percent Monday after the company forecast better-than-expected third-quarter results. Shares of the St. Louis-based coal miner are off nearly 65 percent since …
107 has broken in USD/JPY, EUR/USD up through 1.2700 also. ‘Bout time we got some movement in (very) early Asia. USD/JPY:
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107 cracks in USD/JPY, and 1.2700 in EUR/USD
A new report shows that four out of five purchases in Sweden are paid for electronically or by card. The Local reports Swedes are using electronic payments 260 times per person, per year. Electronic payments systems such as Swish are bypassing the need for people to use ATMs for cash, while at st…
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Sweden Is Going To Be The First Country In The World Completely Free Of Cash
A new report produced by the TUC claims that we’re in the middle of the worst pay squeeze since the 1860s, with real wages falling for the seventh year in a row. Not the best time for another report, by Incomes Data Services, to show that FTSE 100 directors have received a bumper 21 per cent pay…
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Yes, CEOs are ludicrously overpaid. And yes, it’s getting worse
Natural gas consumption in the U.S. is very seasonal. It’s highest in the winter. Heating demands are at their highest during the winter months.
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Why investors need to watch natural gas inventory figures
Loretta Mester joined the Fed’s policy-making committee in June when she was named president of the Federal Reserve Bank of Cleveland. It was a short trip in one sense. In her previous job, as research director of the Federal Reserve Bank of Philadelphia, she sat behind the bank’s president, Charles…
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Q. and A. With Loretta Mester: Optimism at the Fed
Many participants seem confused. Despite the talk about the dollar by different Fed officials, dollar policy is set by the US Treasury. Secretary Lew has been clear. First he reiterated the 20-year old mantra of a strong dollar being in US interest. Despite the polemical tactics to reduce this c…
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What is the US Position about the Dollar’s Strength?
Saudi Arabia is quietly telling the oil market it would be comfortable with much lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expansion of rival producers including those in the U.S. shale patch. Some OPEC members including Venezuela are clamor…
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Saudis tell oil market: get used to lower prices
