I am a devotee of both Minsky and Mandlebrot. I strongly believe that a study of their theories of what drives markets and how the players interact is an important part of any traders necessary understanding of their craft – even if they only trade on technicals. But if I can distill the teaching…
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The market is once again proving Minsky right – Stocks off Yen up
NEW YORK (AP) — Heating bills should be lower this winter because the deep freeze that chilled much of the nation last year is unlikely to return.
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US predicts lower heating bills this winter
The U.S. stock investors turned skittish on Tuesday driving major averages to their lowest levels in months. A jarring trading day follows a serious of tough weeks in stocks marked by precipitous declines, which have left the S&P 500 sitting 3.8% lower from its peak reached just three weeks ago on…
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U.S. stocks suffer worst drop in more than two months
The ongoing setbacks in the broader USD up-trend haven’t yet scratched the latter yet so that a straight extension of the prevailing up-trend remains highly likely, says JP Morgan. Reflecting that in EUR/USD, JPM notes that after defending the key-T-junction at 1.2502 (int. 76.4 %), the market …
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EUR/USD, Cable: How To Spot A Stronger Recovery? – JP Morgan
SANTIAGO, Chile (AP) — Chile's Supreme court on Tuesday suspended the development of the El Morro mine owned by Canada's Goldcorp after siding with indigenous groups that oppose it on environmental grounds.
Constellium is engaged in the aluminum fabrication business. Fabricators give custom shape and size to primary aluminum.
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A brief history of aluminum fabricator Constellium
The Federal Reserve could reasonably be expected to raise U.S. interest rates in mid-2015, an influential Fed policymaker said on Tuesday in a speech that cautiously predicted a rebound in U.S. economic growth and inflation. William Dudley, president of the New York Fed, pointed to the stronger …
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Fed’s Dudley sees mid-2015 rate rise, continued U.S. rebound
Euroglut: a new phase of global imbalances This report argues that both “secular stagnation” and “normalization” are incomplete frameworks for understanding the post-crisis world. Instead, “Euroglut” – the global imbalance created by Europe’s massive current account surplus will be the defining v…
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Deutsche Bank’s Shocking Admission: "QE In Europe Will Be Ineffective"
Coal’s share in electricity generation is down from over 50% in 2004 to 39% in 2013. During the same period, natural gas’ share increased from 18% to 27.5%.
A few hours after the markets close in the US on Tuesday, HSBC will report the latest round of services purchasing managers index (PMI) data out of China. The services sector is increasingly becoming the dominant space in the Chinese economy, with recent data suggested that it now accounts for mo…
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Will Chinese Data Rock the Aussie?
Fed’s Kocherlakota: it’s a ‘wintry economy’ out there, will still need low rates even as U.S. strengthens
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Kocherlakota: Will still need low rates even as U.S. strengthens
U.S. consumer credit increased less than expected in August and growth for the prior month was revised lower, giving a cautious signal about the pace of economic expansion. Total consumer credit rose $13.5 billion to $3.25 trillion in August, the Federal Reserve said on Tuesday. The figure for Ju…
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U.S. consumer credit rises less than expected in August
The NZDJPY moved lower from a peak on September 22nd and trended from 88.95 to 84.33 The comments from the RBNZ and intervention proof helped push the pair down. …
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NZDJPY Technical Analysis: Non trending transitioning to trending?
Thank you for that generous introduction, and thank you for the invitation to join you here today. This is my second trip to Rapid City since becoming president of the Federal Reserve Bank of Minneapolis five years ago, and I’m glad to be back. …
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Kocherlakota- Clarifying the Objectives of Monetary Policy
Following the lead taken earlier this year by large banks, retail FX firms continue to add spot precious metal trading to their armory as FXTM introduces several new instruments …
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FXTM adds weight to increasing trend by adding precious metals and Chinese currency pairs
No, says Russ. While Russ still believes that gold should be a part of a diversified portfolio, he explains why he advocates trimming holdings of the precious metal.
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Must-know: Is gold losing its sheen as an investment?
GasBuddy.com chief oil analyst, Tom Kloza , told Benzinga Monday afternoon, “I believe that in the next 24 hours, you’ll see the lowest national price point for regular unleaded of 2014.” According …
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GasBuddy: Lowest Gas Prices Of 2014 Unfolding Right Now
Even Mickey Mouse is not exempt from France’s financial troubles. Walt Disney announced on Monday a €1 billion ($1.25 billion) bailout plan to rescue its subsidiary Disneyland Paris, the Financial Times reported. The French theme park is still Europe’s top tourist destination, but it has been…
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Why Euro Disney Is A 22-Year Money-Losing Failure
The balance of trade is the difference between a country’s monetary value of exports and imports. A positive balance is known as a trade surplus—exports are greater than imports.
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Must-know: Balance of trade impacts the US dollar
The Pacific Basin is already crowded. The four largest coal producers are located in the region. Russia is planning to move more coal into the Pacific Basin. This could cause the oversupply to increase….
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Why coal exports through the Pacific Northwest may not happen
