There are many believe that at the point where psychology and economics intersect, lies the perfect trading environment. Behavioural finance is hardly new. Dow Jones has for many years published an economic sentiment index based on textual analysis of newspapers, while investment banks measure…
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Analysing financial behaviour will get you in a tizz
Singapore’s listed developers and real-estate investment trusts face their heaviest burden of near-term maturities on record just as home prices drop. The 80 property companies on Singapore’s stock exchange reported a combined S$23.5 billion ($18.5 billion) of borrowings that have to be repaid w…
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Singapore Condo Builders Brace as $19 Billion Due
Japanese consumer confidence worsened for a second straight month in September, a Cabinet Office survey showed on Friday, suggesting the damage inflicted by the sales tax hike in April is lasting longer than expected. The survey’s sentiment index for general households, which includes views on in…
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Japan consumer sentiment worsens in September – government survey
The lack of notable economic data today should not mean a lack of opportunities for traders, as several markets have behaved nervously all week. The EURUSD has been rising all week after reaching 1.25 last Friday, and after almost touching 1.28. This is the largest swing higher since the EURUSD…
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3 Numbers: European downgrade fears, IMF and World Bank, UK trade
John Purnell, 75, and his wife Patricia, 72, moved into a factory-built house in a converted trailer park west of Sydney this year, eschewing traditional retirement communities and other homes in the area. “Retirement villages are quite expensive,” Patricia, a former payroll clerk at a seniors f…
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Retirees Drive Australian Trailer-Park Boom
Yesterday’s tentative rally in the NZDUSD has come to an abrupt halt and it is trading down 100 pips at 78.60 in local time today. There were no local developments in New Zealand, so price action was driven by movements in the US dollar. The sell-off in global stock markets didn’t help either, as…
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NZDUSD rally over, downtrend ready to resume
The dollar has rallied too far, too fast since July on the back of good data and a small change in the FOMC language but as long dollar positions became excessive, this week’s FOMC minutes were a catalyst for a clear-out. “Maybe the dovish nature of the minutes is a reminder that we have not ye…
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Don’t Buy The Dollar, Just Sell The Euro – SocGen
When you think about Spain, the first thing that pops into mind is undoubtedly one word: Elevators. No? Well, maybe it should be. Compared to other countries, Spain’s elevator supply looks remarkably, well, elevated. At face value, there’s a pretty simple reason why. Spaniards are some of the wor…
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How Spain’s bloody history gave it the world’s highest concentration of elevators
There they go again. Federal Reserve officials insist that the outlook for interest rates depends on how economic data evolves and isn’t driven by the calendar. They are nevertheless offering various views on the probable timing of the first increase since 2006. The Fed’s pledge that interest …
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There They Go Again: Fed Officials Give Rate Timetables
Reserve Bank of Australia (RBA) Assistant Governor (Financial System) Malcolm Edey participating in a panel discussion at the Australian Banking and Finance (AB+F) Financial Services Institute of Australasia (FINSIA) Conference in Sydney: Seeing some concentration of risk-taking in economy Risk-ta…
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RBA Edey: Seeing some concentration of risk-taking in economy, particularly in housing
Asian shares drooped and oil prices fell to two-year lows on Friday after weak German export data raised fears that a recession at the heart of Europe could slow down the global economy. Japan’s Nikkei share average .N225 fell 1.1 percent in early trade while MSCI’s broadest index of Asia-Pacific…
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Asian shares, oil prices slide on growth concerns
WASHINGTON (AP) — An international arbitration panel ordered Venezuela's socialist government on Thursday to pay $1.6 billion to Exxon Mobil for the seizure of a major oil project in the South American country and other losses.
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Venezuela ordered to pay $1.6 billion to Exxon
His flagship Advantage Plus fund fell 10.6%, while his Advantage fund fell 8%. That means Advantage Plus fell 14% this year through September, while Advantage fell 13% over the same period. Overall, hedge funds had one of their worst months in a while as the equity market took a dive last mont…
Many traders and analysts were surprised, including myself, when grains took off Monday, October 6th, and again on Tuesday. When you consider the fundamentals are far from bullish, having soybeans jump in one day over 30 cents instead of dropping another 30 cents is definitely unusual. But as an…
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Are Ghosts Moving Corn and Soybeans
This horrible whip saw price action continues with a monster selloff in US markets after they slept on their ebullience from the night before. The actual catalyst is hard to pin down although the more than 6% los on coal stocks is easily slated home to the increase in Chinese tariffs. Rather it…
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UGLY night for stocks – Yen and US dollar make solid gains
The “r” word is on the lips of economists again in Japan: Did an April sales tax increase send the world’s third-largest economy into recession? If it did, it’s probably not the kind of recession that economists usually talk about–two consecutive quarters of contraction in gross domestic product,…
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Is Japan’s Economy on the Verge of a Recession?
The Dow plunged 335 points on Thursday, its worst day of the entire year on a point basis. …
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Extreme turbulence: Stocks suffer steepest drop of 2014
In 2013, China became the world’s largest gold market. It accounts for around a third of the global gold demand. The World Gold Council (or WGC) expects demand to grow at least another 20% by 2017.
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Must-know: Physical demand for gold in China
EUR/USD’s is back trading around the steep falling trend line around 1.2690, notes ING. “The hourly chart shows the completion of a minor bottom formation above the horizontal resistance at 1.2685, likely suggesting further upside with a short-term price target of around 1.2870. The daily chart…
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EUR/USD: Waiting For Next Bearish Set-Up; USD/JPY: Buy Dips – ING
With oil prices in bear territory and expected to slide still lower, an Deutsche Bank’s Ryan Todd launched coverage of seven U.S. refiners Thursday with a mixed take on each company’s prospects. U.S. refiners’ …
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Deutsche Bank Sees 2015 Bounce For U.S. Oil Refiners
