Central Banks continue to call the shots. If it’s not RBA talk or ECB standing aside, it’s a few nervous and candid Fed members that have upped the stakes in intraday volatility and volume. Speculators and investors don’t care whom or why just as long as there is currency movement – it provides…
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Dollar Bulls need more patience
Apart from volatile aluminum prices, premiums to take delivery of aluminum have increased by more than 75% this year.
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Why Constellium needs strategies to protect its profit margins
Central banks hold close to 20% of all the gold that has ever been mined. The sheer holding size is why central banks around the world can significantly influence gold prices.
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Investors should monitor the central banks’ gold reserves
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pushing the average over the past month to the lowest level in eight years and signaling that employers are hanging on to workers as the economy improves. Jobless claims declined by 1,000 to 287,00…
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Jobless Claims in U.S. Fall, Pushing Average to Eight-Year Low
The New Housing Price Index (NHPI) rose 0.3% in August, following no change in July. The increase was the largest since January and mainly the result of strong gains in Ontario and Alberta. The combined metropolitan region of Toronto and Oshawa was the top contributor to the August growth, with…
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Canada New Housing Price Index, August 2014
Yields on Spanish and a clutch of top-rated euro zone bonds hit record lows on Thursday, after the minutes of the U.S. Federal Reserve’s latest policy meeting suggested it was in no hurry to raise interest rates. Analysts said the minutes of the mid-September meeting, released on Wednesday, indic…
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Euro zone yields hit new lows after Fed signals no change for now
COPENHAGEN, Denmark (AP) — Danish toy maker Lego said Thursday it won't renew a deal allowing Shell to hand out Lego sets at its gas stations in some 30 countries, following a viral campaign protesting Arctic drilling.
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Lego to scrap Shell deal after Arctic protest
The Bank of England left its benchmark interest rate unchanged Thursday amid signs the global economy may be losing steam. Officials on the Monetary Policy Committee agreed to leave the bank’s benchmark rate at 0.5% and maintained the total size of the BOE’s bond portfolio at £375 billion (…
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Bank of England keeps key interest rate at 0.5%
President Obama and his top national security advisers began receiving periodic briefings on the huge cyberattack at JPMorgan and nine other financial institutions this summer, part of a new effort to keep top national security officials as updated on major cyberattacks as they are on Russian…
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Cyberattack on JPMorgan Raises Alarms at White House and on Wall Street
The dovish FOMC minutes have pushed the consolidative tone into a dollar correction. Asia and European markets extended the dollar decline. These losses brought the greenback near initial retracement objectives or technical targets. The euro approached $1.2800 before running out of steam. …
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Fed doves Push Back, but the Center will Hold
The expectation of the minutes from the latest FOMC meeting has been one of the factors this week that has been driving the concern of investors. A fear of a hawkish leaning has helped to pull sentiment down. However this all proved unfounded last night as the FOMC remained distinctly dovish in its…
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Euro breaking higher to complete a near term bullish reversal
Negative rates are a possibility but don’t make up part of our principle scenario says SNB’s Danthine
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Negative rates not part of our principle scenario: SNB Danthine
German exports slumped by 5.8 percent in August, their biggest fall since the height of the global financial crisis in January 2009, in yet another sign that Europe’s largest economy is faltering amid broader euro zone weakness and crises abroad. The Federal Statistics Office said late-falling su…
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German exports plunge by largest amount in five-and-a-half years
Mark Carney’s case for keeping interest rates at a record low is getting stronger. A faltering euro-area economy and surveys pointing to slower domestic growth are lending weight to the Bank of England governor’s argument that more time is needed to shore up the recovery. While the nine-member M…
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Carney’s Low-Rate Case Aided by Euro-Region Economic Woes
Hugging a small business owner, like kissing a baby, is a time-honored way for politicians to broadcast their populist spirit. Supporting programs for Main Street has been a favorite salve for Wall Street bankers seeking to repair reputations wrecked during the financial crisis. Everyone, including…
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Small Business Owners and the Economists Who Hate Them
Call it another false alarm in the China-overtaking-the-U.S. saga. Notwithstanding the latest estimates from the International Monetary Fund, the U.S., the world’s largest economy is still, well, numero uno. China’s gross domestic product will climb to $17.6 trillion this year, while the U.S. gro…
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Hold on China, U.S. Still World’s Top Economy by Main Benchmark
Switzerland will begin negotiations soon with the European Union and some other countries on automatically sharing data on Swiss bank accounts held by foreigners, the government said on Wednesday. It could start exchanging data in 2018 at the earliest, once an international standard is in place a…
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Switzerland says will begin talks with EU on sharing bank data soon
Germany exported goods to the value of 84.1 billion euros and imported goods to the value of 70.0 billion euros in August 2014. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports decreased by 1.0% and imports by 2.4% in August 2014 on August 2013….
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German exports in August 2014: -1.0% on August 2013
Australia’s gyrating jobs figures are making it harder for the central bank and investors to gauge the impact of record-low interest rates on the nation’s economy. The number of people employed fell by 29,700 last month after rising 32,100 in August, the statistics bureau said in Sydney today. I…
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Jobs Gyration Muddies Rate Outlook for Australia’s RBA
The crowd’s hungry for fresh data to assess the rising risk of recession in the Eurozone, but today’s schedule offers light fare. The leading contender for hard data is an update on Germany’s trade statistics for August. Meanwhile, the Bank of England is widely expected to leave interest rates u…
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3 Numbers: Weakening German trade balance, UK rate decision, US jobs
