Is this dollar run showing signs of creaking? For weeks the dollar has pushed higher almost without stopping, but now there are the first signs of a potential reversal. Still in the very early stages, there have been signals on major pairs with the euro, yen and Aussie dollar that have suggested a…
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Are key forex majors set to reverse recent weakness?
A studio flat that is smaller than a double garage has been put on the market for nearly £1m – a price its estate agents claim makes it the smallest property available for that sum. The micro-flat, in the heart of Mayfair in London, is just 31 sq metres (334 sq ft). It has a bed in the living roo…
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Britain’s smallest £1m flat up for sale
The following are the expectations for today’s September jobs report as provided by the economists at 15 major banks. Goldman: Change in Nonfarm Payrolls (Sep): 230K; US Unemployment Rate (Sep): 6.0% Morgan Stanley: Change in Nonfarm Payrolls (Sep): 230k; Unemployment Rate (Sep) 6.1% DB: C…
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What To Expect From NFP? – Views From 15 Major Banks
Brent crude oil was set to post its fourth weekly loss on Friday, trading at $93.76 at 7:40 GMT. The commodity has been under a lot of pressure recently as a supply glut continues to grow and the global …
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Crude Set To Finish With Another Weekly Loss
BREAKING
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ECB’s Noyer said to oppose ECB asset-purchase plan on use of brokers
The Federal Reserve’s third round of bond buying had a better than expected impact on the U.S. labor market, a Fed official said on Thursday, making it all the more necessary for the central bank to move faster with hiking interest rates. St. Louis Fed President James Bullard pointed out that th…
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Bullard says Fed ‘far behind’ schedule for interest rate hike
Signatories of a letter sent to then-Federal Reserve Chairman Ben S. Bernanke in 2010 warning of the risks associated with the bank’s policy of quantitative easing are standing by their claims — even as the biggest U.S. companies are flourishing, inflation is muted and holding Treasuries has been…
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Fed Critics Say ’10 Letter Warning Inflation Still Right
U.S. employers likely stepped up hiring in September and the jobless rate probably held at a six-year low, which could bolster bets on a Federal Reserve rate hike in mid-2015. Economists polled by Reuters expect U.S. non-farm payrolls rose by 215,000 last month, with the jobless rate staying at…
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U.S. hiring seen rebounding in September
Rapid growth in Britain’s services sector eased slightly in September and a broader measure of private-sector expansion fell to a six-month low, a major business survey showed on Friday, raising the prospect of an end-of-year slowdown. The Markit/CIPS services purchasing managers’ index (PMI) dro…
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UK services PMI slips in September as economy loses pace
The ongoing malaise in the eurozone economy continued at the end of the third quarter, with the latest PMI data showing a further waning of output and new order growth. The final Markit Eurozone PMI® Composite Output Index fell to a ten-month low of 52.0 in September, down from 52.5 in August …
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Eurozone growth wanes as downturns in France and Italy continue
The Japanese yen goes into freefall. China’s fragile economy tips over the edge. A wave of profit-crushing deflation comes washing over the U.S. and Europe. Investors panic. That’s the view of perennial pessimist Albert Edwards. The London-based analyst and his team at investment bank Societe Gen…
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Albert Edwards Says Watch Japanese Yen and Be Very Afraid
Italy’ s service sector remained in contraction at the end of the third quarter, as evidenced by further decreases in business activity and inflows of new work at companies. Employment levels held steady, however, with future expectations having improved after dr opping in August. Cost pressu…
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Italian Service sector activity falls again in September
Signs of a weakening of growth in the Spanish service sector were seen in September as both activity and new business increased at slower rates and employment was broadly unchanged. On the price front, both input costs and output prices decreased during the month. The headline seasonally adju…
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Spanish Services PMI: Slowest rise in activity for three months
ANCHORAGE, Alaska (AP) — A fire Thursday at an offshore natural gas platform in Alaska's Cook Inlet destroyed the crew's living quarters and forced four workers to evacuate, but no one was injured and the environmental risk was considered minimal, responders said.
Today markets will try to come to grips with yesterday’s European Central Bank meeting. While the knee-jerk reaction was disappointment, market watchers might begin to second-guess the next monetary policy steps that the ECB will take – and what the announced Asset-backed Securities Purchase…
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3 Numbers: Moderate US jobs growth, service PMIs for Eurozone and US
Diamonds are so hard to find that explorers have pretty much given up trying. More than $7 billion has been plowed into the hunt for the gem since 2000, according to top supplier De Beers, and the results have been meager, with no major finds. That’s led producers including BHP Billiton Ltd. (BH…
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Diamond Hunters Give Up Search for Gems Too Hard to Find
Speaking in parliament; The same mantra ? or slightly different from the usual ” by the middle of projection period” ? Far too early in the morning for me to decide. lol BOJ looks at overall CPI for price target; CPI gains to speed up in second half of 2014; weak yen won’t presen…
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BOJ’s Kuroda says they aiming for 2% inflation target as soon as possible
Bank of Japan policymakers meeting next week will start debating how to justify maintaining their rosy inflation forecasts even as a slew of weak data will likely force them to cut their economic growth projections later this month. The central bank is widely expected to keep monetary settings u…
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BOJ to stand pat as weak data tests its rosy price forecast
The long dollar positions have been battered and bruised during the previous two sessions. Will today’s U.S. nonfarm payrolls (NFP) breathe fresh life into the weaker short EUR positions that were steamrolled over by the European Central Bank (ECB) yesterday? Rate divergence and the eventual…
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U.S. Nonfarm Payrolls Reaction a Toss-Up
The dollar rebounded against the yen on Friday from steep losses overnight while investors awaited U.S. non-farm payrolls data later in the day for further relief. The dollar had fallen from six-year highs as a slide in global equities had driven U.S. Treasury yields lower and increased demand fo…
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Dollar rebounds vs. yen, U.S. nonfarm payrolls awaited
