Author Archives: Trading Advantage

Thank you for the opportunity to speak with you today.1 In my remarks today, I will focus on the development and use of reference rates for financial market contracts. This is a story of both spectacular success, and at the same time, spectacular failure. To borrow from Charles Dickens:2 “It was…

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Dudley: Restoring Confidence in Reference Rates

The Bank of England will tell lenders at the end of this month what their key measure of insulation against future crises should be, bringing forward a keenly-awaited announcement from 2015 after draft proposals worried banks and lawmakers. Banks are on tenterhooks over the leverage ratio they wi…

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Bank of England to unveil bank leverage ratio plans this month

Technical Sentiment: Slightly-bearish Key Takeaways •USD/JPY formed a Bearish Engulfing Bar following a brief touch of 110.00; •U.S. Unemployment Claims came out at 287K, failing to lift the Dollar higher in intraday trading; •Price action offers several bearish signals, although they require fu…

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USD/JPY Weakness Prevails Despite Strong US Data

Technical Sentiment: Slightly-bearish Key Takeaways •USD/JPY formed a Bearish Engulfing Bar following a brief touch of 110.00; •U.S. Unemployment Claims came out at 287K, failing to lift the Dollar higher in intraday trading; •Price action offers several bearish signals, although they require fu…

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USD/JPY Weakness Prevails Despite Strong US Data

Health officials in Texas said Thursday that they had reached out to as many as 100 people who may have had contact — either directly or indirectly — with a Liberian man sick with the Ebola virus while he was contagious. Of those people, only a handful have been isolated, including family members…

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Texas Says That Up to 100 Are at Risk of Ebola Exposure

Health officials in Texas said Thursday that they had reached out to as many as 100 people who may have had contact — either directly or indirectly — with a Liberian man sick with the Ebola virus while he was contagious. Of those people, only a handful have been isolated, including family members…

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Texas Says That Up to 100 Are at Risk of Ebola Exposure

The biggest payday lender in the U.K., under fire from regulators, says it is changing its ways: As a first step, it has forgiven over $350 million worth of consumer debt. Wonga will walk away from the debts and interest payments for roughly 330,000 customers who were getting behind on repaying t…

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Payday lender cancels over $350 million in debt

The biggest payday lender in the U.K., under fire from regulators, says it is changing its ways: As a first step, it has forgiven over $350 million worth of consumer debt. Wonga will walk away from the debts and interest payments for roughly 330,000 customers who were getting behind on repaying t…

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Payday lender cancels over $350 million in debt

This seems to be the among the first time in several months that ECB President Draghi has been rather anti-climactic. The disappointment or the “sell the rumor buy the fact” scenario we suggested is, in fact, unfolding, and the euro is correcting higher. Without indicating a size of the progr…

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No Shock and Awe from Draghi

This seems to be the among the first time in several months that ECB President Draghi has been rather anti-climactic. The disappointment or the “sell the rumor buy the fact” scenario we suggested is, in fact, unfolding, and the euro is correcting higher. Without indicating a size of the progr…

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No Shock and Awe from Draghi

New orders for U.S. factory goods posted their biggest decline on record in August, payback for an aircraft-driven jump a month earlier. The Commerce Department said on Thursday new orders for manufactured goods dropped 10.1 percent. That was the largest drop in records going back to 1992. Str…

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U.S. factory orders post record decline on aircraft payback

New orders for U.S. factory goods posted their biggest decline on record in August, payback for an aircraft-driven jump a month earlier. The Commerce Department said on Thursday new orders for manufactured goods dropped 10.1 percent. That was the largest drop in records going back to 1992. Str…

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U.S. factory orders post record decline on aircraft payback

• Programmes will last at least two years • Will enhance transmission of monetary policy, support provision of credit to the euro area economy and, as a result, provide further monetary policy accommodation • Eurosystem collateral framework is guiding principle for eligibility of assets for pu…

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ECB operational details of asset-backed securities and covered bond purchase programmes

• Programmes will last at least two years • Will enhance transmission of monetary policy, support provision of credit to the euro area economy and, as a result, provide further monetary policy accommodation • Eurosystem collateral framework is guiding principle for eligibility of assets for pu…

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ECB operational details of asset-backed securities and covered bond purchase programmes

The European Central Bank will buy assets for at least two years to boost inflation and economic growth in the euro area, President Mario Draghi said. The Frankfurt-based central bank will start buying covered bonds this month and plans to purchase asset-backed securities starting this quarter, D…

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Draghi Says ECB Will Buy Assets Over at Least Two Years

The European Central Bank will buy assets for at least two years to boost inflation and economic growth in the euro area, President Mario Draghi said. The Frankfurt-based central bank will start buying covered bonds this month and plans to purchase asset-backed securities starting this quarter, D…

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Draghi Says ECB Will Buy Assets Over at Least Two Years

VIDEO

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Webcast of the ECB press conference 2 October 2014