Oil’s selloff has confused pundits as they don’t know whether to be happy for the consumer who can now afford to drive down the street or to shun the levels and reiterate the pain on Big Oil’s margins. …
Original post:
Morgan Stanley Sees Brent Crude Prices Rebounding
Key Takeaways •German Wholesale Price Index, released Monday morning, in line with consensus at 0.1%; •Euro fell down to 135.5 against the Yen on Monday morning before bouncing back above 136; •EUR/JPY is going to hover in this area until Tuesday, when weak German and Euro data might spark anothe…
Read more here:
EUR/JPY Sell-off Pauses As Support Holds
Wall Street appeared set to post tentative gains on Monday, shaking off last week’s tough sell-off just as a flood of major earnings reports will give traders much fodder to chew on. Trade volumes will likely be low, due to the U.S. celebrating Columbus Day holiday. The Securities Industry and Fi…
View original here:
Wall Street seen quiet for Columbus Day holiday
Currency watchers have decreed that the euro will fall sharply against the dollar as Europe and the United States’ monetary policies diverge, but history suggests the euro’s drop may not be quite so smooth or rapid. Frankfurt has started to pump cheap money into the euro zone to try to get banks …
Read the rest here:
Euro’s demise exaggerated, old lessons show
The USDJPY has fallen below trend line support connecting recent highs. That level comes at the 107.63 this week. The price is trading in the middle of the trading range for the day of 107.05 and 107.56. Looking at the weekly chart below the next major support comes at the 105.576 level. This level…
Read the original post:
USDJPY stays below trend line resistance in quiet start to the week
The USDJPY has fallen below trend line support connecting recent highs. That level comes at the 107.63 this week. The price is trading in the middle of the trading range for the day of 107.05 and 107.56. Looking at the weekly chart below the next major support comes at the 105.576 level. This level…
View post:
USDJPY stays below trend line resistance in quiet start to the week
Jean Tirole, a French economist, won the 2014 Nobel in economic science on Monday for his work on the best way to regulate large, powerful firms in industries including banking and communications. The Royal Swedish Academy of Sciences said that Mr. Tirole, 61, had helped governments tame such fir…
Original post:
Jean Tirole of France Wins Nobel Prize in Economics
Jean Tirole, a French economist, won the 2014 Nobel in economic science on Monday for his work on the best way to regulate large, powerful firms in industries including banking and communications. The Royal Swedish Academy of Sciences said that Mr. Tirole, 61, had helped governments tame such fir…
Read the original here:
Jean Tirole of France Wins Nobel Prize in Economics
The UK Consumer Price Index (CPI) has fallen sharply this year to hit 1.5% in August, which is well below the official 2% target. This allows the Bank of England (BoE) to maneuver in an ultra loose monetary environment without much concern about price stability in the medium term. Much of that…
Read the original post:
UK Inflation to Slow Further Below BoE’s Estimate
The UK Consumer Price Index (CPI) has fallen sharply this year to hit 1.5% in August, which is well below the official 2% target. This allows the Bank of England (BoE) to maneuver in an ultra loose monetary environment without much concern about price stability in the medium term. Much of that…
Read the original post:
UK Inflation to Slow Further Below BoE’s Estimate
Clotilde Narzisi and Luca Soliman have run the Caffe Orefici, 200 feet from Milan’s iconic Duomo Cathedral, for 10 years. Forced to sell their business because of high taxes, they say their only hope now is to leave it in Chinese hands. “They are the only ones who are buying,” said 43-year-old N…
Original post:
Italy on Sale to Chinese Investors as Recession Bites
Clotilde Narzisi and Luca Soliman have run the Caffe Orefici, 200 feet from Milan’s iconic Duomo Cathedral, for 10 years. Forced to sell their business because of high taxes, they say their only hope now is to leave it in Chinese hands. “They are the only ones who are buying,” said 43-year-old N…
Read more:
Italy on Sale to Chinese Investors as Recession Bites
The US hedge fund that forced Argentina to default on its debts has paid one of its London-based bosses more than £38m – a sum 1,437 times greater than the average UK salary of £26,500. Elliott Advisors, the British arm of New York hedge fund Elliott Management, paid £38,119,707 last year to a se…
More:
US hedge fund Elliott Advisors pays unnamed London executive £38m
The US hedge fund that forced Argentina to default on its debts has paid one of its London-based bosses more than £38m – a sum 1,437 times greater than the average UK salary of £26,500. Elliott Advisors, the British arm of New York hedge fund Elliott Management, paid £38,119,707 last year to a se…
Go here to see the original:
US hedge fund Elliott Advisors pays unnamed London executive £38m
Brent crude oil tumbled on Monday morning after news that OPEC is not considering an output cut further escalated concern about oversupply in the market. The commodity traded at $88.55 at 7:30 GMT despite …
See the original post:
Brent Down As OPEC Hints At No Supply Cut
Like Vladimir and Estragon waiting for Godot, governments and policymakers worldwide await an elusive economic recovery. But global growth is anemic and available fiscal and monetary policy tools cannot address the underlying problems. Ultimately, effective fiscal stimulus depends on the mul…
Originally posted here:
Global economy is running on empty
Like Vladimir and Estragon waiting for Godot, governments and policymakers worldwide await an elusive economic recovery. But global growth is anemic and available fiscal and monetary policy tools cannot address the underlying problems. Ultimately, effective fiscal stimulus depends on the mul…
Here is the original:
Global economy is running on empty
With the price of Brent Crude down to around $90 a barrel, the question on most everyone’s mind is, “When will oil find a floor?”
See more here:
Low Oil Prices Are No Problem for the Saudis
The sell-off on the global markets went deep into the close on Friday and there seems to be little sign of downside pressure abating on Monday. The S&P 500 closed the session off 1.2% and is now approaching a crucial support around 1900. With ratings agency S&P also cutting its outlook for the…
See the original post here:
Looking to sell GBP/USD and EUR/USD into these rallies
The sell-off on the global markets went deep into the close on Friday and there seems to be little sign of downside pressure abating on Monday. The S&P 500 closed the session off 1.2% and is now approaching a crucial support around 1900. With ratings agency S&P also cutting its outlook for the…
See the original post:
Looking to sell GBP/USD and EUR/USD into these rallies
