The Bank of Japan will consider moderating its language on inflation in a report this week to take account of the impact of lower oil prices, according to people familiar with central bank’s discussions. The central bank may tone down or abandon its assessment that consumer-price gains are likel…
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BOJ Said to Mull Moderating Inflation View as Oil Falls
The Bank of Japan will consider moderating its language on inflation in a report this week to take account of the impact of lower oil prices, according to people familiar with central bank’s discussions. The central bank may tone down or abandon its assessment that consumer-price gains are likel…
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BOJ Said to Mull Moderating Inflation View as Oil Falls
Tuesday’s a slow day for macro updates in Europe, but several key US reports are scheduled today, including the September data on new orders for durable goods. Later, we’ll see fresh numbers on US house prices via the Case-Shiller indices, followed by the Conference Board’s October estimate of…
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3 Numbers: US durables remain solid, US home prices, US confidence
Tuesday’s a slow day for macro updates in Europe, but several key US reports are scheduled today, including the September data on new orders for durable goods. Later, we’ll see fresh numbers on US house prices via the Case-Shiller indices, followed by the Conference Board’s October estimate of…
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3 Numbers: US durables remain solid, US home prices, US confidence
Asian shares were modestly higher while the dollar held steady on Tuesday, as investors awaited the outcome of the U.S. Federal Reserve’s two-day meeting that begins later in the session for clues to the direction of U.S. interest rates. MSCI’s broadest index of Asia-Pacific shares outside Japan …
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Asian shares, dollar tread cautiously ahead of Fed meeting
One day in December 2005, a few hours before dawn, employees of the Austrian central bank, dressed in blue overalls, began stacking about 30 million bank notes onto wooden pallets. They loaded the manat bills, the currency of Azerbaijan, into 38-ton trucks, according to people familiar with the…
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Bribery Plot in Austria Lands Money Printers in Dock
US DOLLAR TECHNICAL ANALYSIS – Prices corrected lower after last week’s breakout seemingly marking the resumption of the longer-term uptrend. Near-term resistance is in the 11102-43 area marked by the 23.6% Fibonacci expansion and the October 3 high, with a break above that on a daily closing basis…
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Crude Oil Struggling to Recover, SPX 500 Bounce Runs Into Resistance
Profits of Chinese industrial firms rebounded in September, a report from the National Bureau of Statistics showed Tuesday. Industrial profits rebounded by 0.4 percent year-over-year in September after the 0.6 percent drop in August. Total industrial profit in the January to September period r…
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China Industrial Profit Recovers In September
he market’s attention to the European Central Bank’s stress test has naturally focused on the health of banks on the Continent. But the central bank also laid out a grim scenario for world trade in the publication released Sunday. The ECB said it paid “particular attention” to shipping exposur…
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The hidden warning over world trade in the ECB’s stress tests
Generally, the real interest rates are negatively correlated with the gold price, i.e. the rising interest rates adversely impact the yellow metal. Based on this adverse relationship between real interest rates and price of gold, Elfenbein built a model for the price of gold. According to it,…
Bank of Japan (BOJ) Governor Kuroda speaking in the Japanese Parliament: Japan’s economy is showing some weakness mainly in output but positive cycle remain intact. Job, income conditions improving steadily. Private consumption solid as a trend with non-durable goods sales emerging from sales tax…
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BOJ Governor Kuroda: Japan’s economy is showing some weakness
The Federal Reserve’s main policy decision this week comes down to a handful of key words that offer a sense of how much longer central bank officials intend to keep short-term interest rates near zero. Fed policy makers meeting Tuesday and Wednesday are likely to debate whether to keep the langu…
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Fed Touchy About Touching Rate Guidance
Finance Minister Mathias Cormann said the rate of fuel duty will increase from 38.143c per litre to 38.6c per litre from November 10 …
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Australia government set to hike fuel tax from November 10
The gap between China’s reported exports to Hong Kong and the territory’s imports from the mainland widened in September to the most this year, suggesting fake export-invoicing is again inflating China’s trade data. China recorded $1.56 of exports to Hong Kong last month for every $1 in imports H…
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China Fake Invoice Evidence Mounts as HK Figures Diverge
Japan’s retail sales rose at their fastest pace since the first quarter in September as investors began to shake off the effect of a consumption tax hike. Retail sales rose 2.3 percent on year in September, above expectations for 0.6 percent rise in a Reuters poll and up from a 1.2 percent rise i…
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Japan September retail sales rise at fastest pace since Q1
Electric vehicle maker Tesla will soon deliver its cars to Australian roads. This promises to change both the type of cars we drive and potentially the way we buy them. Tesla remains a relative oddity in the US auto market. It is on target to sell around 35,000 cars in 2014, in comparison to GM’s…
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When Tesla takes hold in Australia, your car dealer won’t like it
Poor old negative gearing, carrying the can for perceived housing affordability problems, fitted out as a convenient scapegoat, so much easier to blame it than to deal with the myriad factors bearing on housing supply and demand. The ability to offset losses on one investment against income made …
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Negative gearing is not so negative
On October 23, the U.S. Energy Information Administration (or EIA) reported a 94 billion cubic feet (or bcf) natural gas inventory build for the week ending October 17.
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Analyzing the EIA’s natural gas inventory report and forecast
“A triathlon is a multiple-stage competition involving the completion of three, continuous, and sequential endurance disciplines. While many variations of the sport exist, triathlon, in its most popular form, involves swimming, cycling, and running in immediate succession over various distances.” -…
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Why Trading is Like a Triathlon
The USD index (DXY) dropped down to test the top of its old range; highs from Jul. ‘12 to Jul. ‘13 at 84.53-10 and the fact that it held this level well as support (mainly on a weekly close basis) indicates that bullish momentum is still very much intact, notes Goldman Sachs. “Fom a wave perspe…
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DXY, EUR/USD: Is USD On The Edge Of A Big Move? – Goldman Sachs
