Author Archives: Trading Advantage

U.S. stocks declined, after the Standard & Poor’s 500 Index climbed the most in over a month, as investors assessed data showing an improving economy for clues on the timing of any Federal Reserve rate increase. Apple Inc. dropped 2.3 percent as it pulled an update for the iPhone operating system…

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U.S. Stocks Decline Amid Jobless Claims, Durables Data

U.S. stocks declined, after the Standard & Poor’s 500 Index climbed the most in over a month, as investors assessed data showing an improving economy for clues on the timing of any Federal Reserve rate increase. Apple Inc. dropped 2.3 percent as it pulled an update for the iPhone operating system…

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U.S. Stocks Decline Amid Jobless Claims, Durables Data

Adjusted for seasonal influences, the Markit Flash U.S. Services PMI™ Business Activity Index posted 58.5 in September, down from 59.5 in August but still well above the neutral 50.0 threshold. The index–which is based on approximately 85% of usual monthly replies–pointed to a robust expansion of…

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Strong expansion of US service sector activity continues in September

Adjusted for seasonal influences, the Markit Flash U.S. Services PMI™ Business Activity Index posted 58.5 in September, down from 59.5 in August but still well above the neutral 50.0 threshold. The index–which is based on approximately 85% of usual monthly replies–pointed to a robust expansion of…

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Strong expansion of US service sector activity continues in September

After many promises to its European partners that the fight to reform the French economy will continue, the real battle for France’s unpopular government begins next week with the unveiling of the 2015 budget. The budget, to be announced October 1, will be the first time the government will have …

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France 2015 Budget To Mark Start Of Real Reforms Battle

After many promises to its European partners that the fight to reform the French economy will continue, the real battle for France’s unpopular government begins next week with the unveiling of the 2015 budget. The budget, to be announced October 1, will be the first time the government will have …

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France 2015 Budget To Mark Start Of Real Reforms Battle

Traders are showing confidence in Mario Draghi’s ability to weaken the euro and stave off deflation, even as the initial results of a key part of the European Central Bank president’s plan fell below estimates. Draghi has signaled he wants to boost the central bank’s balance sheet to as much as …

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Euro Shows Draghi Succeeding Where Loans Fall Short

It is an honour to be invi ted to address you today. Insurance is at the core of the new Bank of England. As regulator, we are tasked with ensuring the safety and soundness of the UK’s insurance companies and the protection of their policyholders. To discharge these responsibilities, we draw on…

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Carney: Putting the right ideas into practice

Applications for unemployment benefits in the U.S. increased less than forecast last week as an improving economy prompted employers to retain staff. First-time jobless claims climbed 12,000 to 293,000 in the week ended Sept. 20, the Labor Department reported today in Washington. The median fore…

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Jobless Claims in U.S. Increased Less Than Forecast Last Week

Orders for U.S. business equipment climbed more than forecast in August, indicating corporate investment will help spur economic growth. A 0.6 percent advance in bookings for non-military capital goods excluding aircraft followed a 0.2 percent decrease in July that was smaller than previously est…

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Orders for U.S. Capital Goods Climb More Than Forecast

Former board members of Barclays have been called on to give evidence to the UK’s anti-fraud agency as part of a probe into the bank’s dealings with Qatar over an emergency cash injection at the height of the financial crisis. The Serious Fraud Office has served Section 2 notices on directors w…

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Ex-Barclays bankers to give evidence on fraud

Italian retail sales fell a seasonally adjusted 0.1 percent month-on-month in July, led by lower food sales, after a revision showed an identical fall in the previous month, data showed on Thursday. On an unadjusted year-on-year basis, retail sales fell 1.5 percent, after a revised 2.7 percent fa…

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Italy July retail sales fall 0.1 percent month on month

Lending to euro zone households and companies contracted for the 28th months in a row in August, though at a slower pace, putting a keener spotlight on European Central Bank efforts to get credit flowing again. Euro zone banks, particularly in the crisis-stricken countries, have tightened up on …

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Weak euro zone lending data underscores need for ECB stimulus

Retail sales volumes continued to grow solidly in the year to September, albeit at a slightly slower pace than in the previous month.  The CBI’s latest monthly Distributive Trades Survey of 123 respondents also showed that the volume of orders placed on suppliers in the retail sector grew st…

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Solid UK high-street growth continues

With dovish comments from Mario Draghi, sentiment on the equity markets has turned around again. The S&P 500 and the Dow both closed just under a percent higher as there was also a positive read on the US New Home Sales. Asian trading was also boosted by the news that there had been a change at the…

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Return of the Dollar bulls hammering the Euro, Sterling, Gold

The euro hit a 22-month low against the dollar on Thursday on the prospect of diverging monetary policy between the Federal Reserve and the European Central Bank as rate differentials swing decisively in the greenback’s favor. The common currency fell to $1.2730 on trading platform EBS, its lowes…

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Euro falls to 22-month low versus dollar on diverging rate outlooks

Vladimir Putin’s first decade in power came to be known in Moscow as the “sushi years,” so totally had raw fish become a dining staple for the rising consumer class in his capital. The sushi bubble is deflating now, hastened by the plunge in the ruble and the trade war triggered by Putin’s inter…

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Sushi Bubble Pops for Moscow Middle Class as Ruble Drops

FXCM (NYSE:FXCM) has begun inviting traders to sign up within the list of those wishing to be among the first to experience a new product offering by the broker: single share CFDs. The landing page promises an innovative way to trade contracts for difference based on the stock of a single company,…

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FXCM opens waiting list for single-share CFDs

Fin min out on the wires; No further detail but no great surprises either;

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Germany’s Schaeuble says he’s unhappy about debate on ECB bond buying