The EURCAD weekly opening range has taken shape just below the monthly central pivot at 1.4183 with the range lows coming in just pips of the September 19th close (2014 lows) at 1.4053. The focus will be on a break of this range with major event risk out of Europe tomorrow likely to serve as a…
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EURCAD Shorts at Risk Ahead of ECB- Key Support 1.4053
An issue hasn’t reached its boiling point until South Park writers Matt Stone and Trey Parker get their satirical hands on it. South Park’s Season 18 launched brilliantly on Sept. 24 with an episode titled “Go Fund Yourself,” which pokes fun at startups, Kickstarter campaigns, and the hunt for th…
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What South Park can teach us about startups and Silicon Valley’s ‘bro’ culture
One man shook a $42 trillion bond market last week, highlighting just how vulnerable bond prices are to shocks. Bill Gross’s surprise departure on Friday from Pacific Investment Management Co. sparked selloffs in some of his biggest wagers, such as inflation-protected U.S. government bonds. The m…
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Gross Exposes $42 Trillion Bond Market’s Key Flaw in Exit
One man shook a $42 trillion bond market last week, highlighting just how vulnerable bond prices are to shocks. Bill Gross’s surprise departure on Friday from Pacific Investment Management Co. sparked selloffs in some of his biggest wagers, such as inflation-protected U.S. government bonds. The m…
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Gross Exposes $42 Trillion Bond Market’s Key Flaw in Exit
Yesterday, the Centers for Disease Control and Prevention announced that Texas doctors have diagnosed a patient with Ebola, marking the first case found in the United States — and rumors are running rampant about a second case. This is terrible news in general, and scary news for Americans. But it…
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Why Some Stocks Are Jumping on Ebola News
The G20 leaders may well endorse a higher ‘growth target’ at their November meeting in Australia, but they will be incapable of agreeing to the monetary/fiscal policy combination that is required to substantially lift aggregate consumer demand and economic growth. Fiscal and monetary policy coor…
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Helicopter money: The best policy to address high public debt and deflation
U.S. auto sales in the third quarter were the best in eight years, but mixed September results from leading automakers on Wednesday indicated the industry’s torrid summer pace is slowing. Industry sales in September rose 9 percent, to 1.24 million vehicles, according to research firm Autodata, ju…
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Torrid U.S. car sales pace slowed in September
Leading multi-asset trading provider of financial derivatives, FXCM, has made significant changes to its Japanese division. FXCM Japan Securities Co, a Japanese regulated financial services firm, reported that it has altered its offerings to retail investors. The firm reported to its clients that it…
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FXCM Repositions Its Strategy for Japan’s CFD Market
France is in for a long and hard bargaining period with its European partners over whether it should be granted an extension on meeting its budgetary targets set by Brussels. On Wednesday, Finance Minister Michel Sapin unveiled a 2015 budget that confirmed that France won’t meet its 3.0% Maastric…
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France In Line For Tough Talks With Brussels Over Deficit
Crude oil has suffered a surprisingly big drop in a relatively short amount of time. As Bloomberg recently reported, oil has fallen more than 13 percent just since the beginning of July. This represents …
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Oil’s Decline: What’s It Mean For Investors?
Last summer I had the pleasure of seeing my first play at The Globe – A Midsummer Night’s Dream. Speaking before you tonight reminds me of that special experience. Last summer, as I waited for the play to begin, I was humbled by the history embodied in the theatre and Shakespeare’s legacy as a p…
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Forbes: The economic impact of sterling’s recent moves: more than a midsummer night’s dream
Ray Dalio, head of the world’s biggest hedge fund, told CNBC on Wednesday the Federal Reserve should wait for signs of inflation before it raises interest rates. …
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Fed caution about rate hike right move: Ray Dalio
Last week, the Baker Hughes oil rig count decreased by nine—from 1,601 to 1,592. This marked the first decrease in the past five weeks. Despite the decrease, oil rigs are still close to the record high….
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US oil rigs lose steam after reaching a record high
The European Central Bank meets tomorrow. The focus is on the details of the asset-backed securities and covered bond plan that was announced last month. There are three key issues related to this new initiative: What instruments will be purchased, how much will be bought, and how long will …
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What is the ECB to Do?
China (FXI), by far, consumes the most commodities—like coal, iron ore, and cement—in the world. With an installed capacity of over 1,260 gigawatts (or GW), China ranks first in terms of installed electricity …
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Why China is important for companies like Walter Energy and Vale
Overnight, the USD/JPY pair finally entered the key 110.00-110.65 technical area (see monthly chart in figure 1). The lower end of this range, i.e. 110, is a key psychological barrier while the 110.65 level was the high achieved back in August 2008. Around these levels one would expect to see some…
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USD/JPY hits 110: will the rally pause for breath now?
The Bank of Canada will be forced to renew warnings of the possibility for higher interest rates in order to halt a “bubble” from forming in the housing market, according to Pacific Investment Management Co.’s Ed Devlin. Governor Stephen Poloz’s removal of language about the potential need to rai…
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Pimco says Poloz could be forced to renew rate hike warnings
Results of the Fonterra dairy auction: •Globaldairytrade price index -7.3% •Average price $2,599 •Milk powder prices -10.0% •Milk powder average $2,433
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Fonterra’s global dairy trade price index falls 7.3%, NZD drops
U.S. crude stocks unexpectedly fell last week, while a sharp reduction in refinery runs also curbed gasoline and distillate inventories, data from the Energy Information Administration showed on Wednesday. Crude inventories fell by 1.4 million barrels in the last week, compared with analysts’ exp…
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U.S. crude oil stocks fall even as refiners cut back
The dollar pulled back from six-year highs against the yen to trade little changed on Wednesday, weighed down by a drop in U.S. Treasury debt yields amid weakness in global stocks. Investors also booked profits on long U.S. dollar positions ahead of key event risks – the European Central Bank’s m…
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Dollar falls from 6-year high vs yen as U.S. yields slide
