Author Archives: Trading Advantage

USA! USA! USA! As data for China, Australia and Europe points to weaker growth the US dollar is rising once more as the data highlights the increasing divergence between its outlook and the rest of the world, especially europe. Indeed the big dollar swept the Euro lower after the data from the…

Original post: 
US dollar crushing Euro as commodity bloc improves

British car production fell by more than 20 percent in August because of the timing of holidays and repairs to a major plant but output so far in 2014 remains ahead of last year, an industry body said on Thursday. Car production fell last month by 22 percent, with 71,000 cars built in Britain aga…

View post: 
Summer shutdowns pull UK car production 20 percent lower in August

ANZ workers are voting on whether to strike as the banking industry celebrates another quarter of record profits. First Union said union members at ANZ were voting on a national strike ballot, while some branches had already started strike action. The union’s retail and finan…

See the rest here: 
ANZ workers consider striking

The Reserve Bank revealed in last week’s minutes of its September interest rate-setting meeting that it was increasing its scrutiny of Australia’s hot housing market. Now it has explained what that means. It doesn’t think housing is in a speculative bubble that will end in tears. It does see cond…

More here:
Reserve Bank stirred but not shaken by housing boom

The Dow Jones FXCM US Dollar Indexmay be on the verge of a correction lower as negative RSI divergence points to ebbing bullish momentum. Near-term support is at 10931, marked by a rising trend line set from set from late August, with a break below that on a daily closing basis exposing the 14.6%…

See the original post: 
US Dollar Technical Analysis: Pullback May Be in the Cards

Oil driller Continental Resources Inc has been revising its corporate history in ways that diminish the publicly traded company’s accomplishments under CEO Harold Hamm, part of a legal strategy that might help Hamm avoid the largest divorce award in U.S. history. Downplaying his role in Continent…

See the original post here:
Oil company rewrites its history, may aid founder’s divorce case

The Federal Reserve should reformulate key policy language on keeping interest rates low for a “considerable time,” the president of the Cleveland Fed said on Wednesday. Loretta Mester, a voting member of the Federal Open Market Committee, said the controversial phrase is too reliant on the calen…

See the original post:
Fed’s Mester calls for key ‘considerable time’ language to be reformulated

The USD is continuing its strong bull trend; however, evidence says that it’s time to shift focus away from selling EUR and focusing on selling GBP, says Bank of America Merrill Lynch. For starters, BofA notes that EUR/USD is now pushing into a strong band of support between 1.2787/1.2694 as ev…

See the original post here:
Selling EUR/USD Or Selling Cable: Levels & Targets – BofA Merrill

Larry Flynt is making noises about taking his Hustler porn empire public. The 71-year-old porn king, who has expanded well beyond his monthly magazine into Web sites, casinos, a TV network and a licensing division, thinks the business could be worth as much as $500 million. The Los Angeles-based c…

View post: 
Hustler founder is taking the porn empire public

It is a pleasure to be here at Carleton University. It has been a long time since I was a student here, but I still get caught up in the back-to-school feeling of September. It’s a time of fresh starts and renewed energy. Today I would like to talk about the economies of the United States an…

See more here:
Lane: Are We There Yet? The United States and Canada After the Global Financial Crisis

Unlike the U.S. Federal Reserve and other western central banks, the People’s Bank of China isn’t independent of the government. It reports to the State Council, the Chinese government’s top decision-making body and as a result, the PBOC has no real control over China’s monetary policy. Zhou as C…

Read the original:
How China’s Central Bank Works

As William Dudley goes, so often goes the Fed. In October 2010, he said the outlook for U.S. job growth and inflation was “unacceptable” and probably warranted more monetary stimulus. A month later, the central bank deployed its second round of quantitative easing. Just this May, Dudley said t…

More:
Dudley Opens New Front for Fed Doves With Dollar Warning

Markets are hard. One of the main reasons they’re hard is because it’s in our nature to overthink. We’re tempted to think deep thought is our value added, how we justify our fees. It’s also how we impress clients. But market reality is usually far simpler. Investors chase returns. We fall for sto…

Here is the original post: 
Of Trends, Yields, and Metals

Thank you. I would like to thank the Peterson Institute and Adam Posen for organizing this conference focusing on labor market issues. The functioning of the labor market is always of great interest to both academics and policymakers. But today, with the collapse of labor demand during the Great…

Continued here:
Evans: Patience Is a Virtue When Normalizing Monetary Policy

Barclays Plc (BARC) was fined twice in one day for client account failures in the U.K. and the U.S., hurting the bank’s effort to rehabilitate a tarnished image. It agreed to pay a total of $77 million in penalties. The bank will pay $15 million to the Securities and Exchange Commission to settl…

Excerpt from: 
Barclays Fined Twice in One Day for Compliance Failures

Good afternoon and thank you for that very kind introduction. I also thank the Cleveland Association for Business Economics, CFA Society Cleveland, and the Risk Management Association for inviting me to speak today. I am pleased to say that a number of Cleveland Fed employees are members of your…

Read more here:
Mester: The Economic Outlook, Monetary Policy, and Getting Back to Normal