New York City’s first confirmed case of Ebola has raised complicated logistical issues of how to trace the possible contacts of an infected patient in a city of more than 8 million people with a sprawling mass transit system and a large population of workers who commute every day from surrounding…
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Tracing Ebola patient’s possible contacts creates host of challenges for New York City
Italy’s Matteo Renzi, a vocal critic of German-inspired austerity, blanked European Union calls to respect the spirit of back-room negotiations as he shifted his rhetoric up a gear in the bloc’s perennial argument over fiscal rules. After German Chancellor Angela Merkel trotted out her line that…
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Renzi Says Secrecy Must End as EU Leaders Debate Spending
Not all industries see fairly fierce competitors also become clients of one another. But the Retail FX sector is not just any other industry. LeapRate has learned that leading UK/Cyprus FX broker FxPro is about to launch FxPro Prime, providing liquidity and aggregation services (mainly) to smalle…
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FxPro preparing to launch FxPro Prime Brokerage services
In early October, European Central Bank board member Benoit Coeure paid a discreet visit to the Chancellery in Berlin to express concerns about rising criticism of the bank from German politicians. The Frenchman, one of ECB President Mario Draghi’s closest allies in Frankfurt, hoped for reassura…
Britain’s rapid economic recovery eased as expected during the third quarter, as services output growth slowed and manufacturing expanded at the weakest pace in 18 months, official data showed on Friday. Gross domestic product expanded by 0.7 percent in the July-September period, compared with 0….
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Rapid UK economic growth slows slightly in Q3
•The Index of Services increased by 3.1% in August 2014 compared with August 2013. All of the four main components of the services industries increased in the most recent month compared with the same month a year ago. …
•Change in gross domestic product (GDP) is the main indicator of economic growth. GDP increased by 0.7% in Q3 2014 compared with growth of 0.9% in Q2 2014. …
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UK Gross Domestic Product Preliminary Estimate, Q3 2014
China is finding oil supplies 14,000 miles away, aided by the global rout in prices that’s left producers vying for new markets. PetroChina Co. said it bought Colombian crude for a northern refinery for the first time because it was good value. The transaction underscores how the world’s second-…
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China Scores Cheap Oil 14,000 Miles Away as Glut Deepens
As recently as five years ago, if you wanted to trade Energy options you had little choice but to go to a voice or futures broker who would then execute on the NYMEX trading floor, or pit, in New York. But during 2014, a revolution in options trading has led to more than 70 percent of the WTI…
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Why Is Crude Oil Options Volume Growing?
The mood of German consumers improved again slightly in October. The downward trend in the consumer climate has therefore come to an end. Following a revised value of 8.4 points in October, the overall indicator is forecasting 8.5 points for November. Income expectations and willingness to buy have…
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Downward trend in German consumer climate has come to an end for now
After months of focus on slack in U.S. labor markets, the Federal Reserve faces a new challenge: the possibility that weak inflation may be so firmly entrenched it upends the return to normal monetary policy. The soft global inflation backdrop, from sliding oil prices to stagnant wages in advanc…
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Specter of no-inflation world looms over Fed’s return to normal
For the European Central Bank, success as the euro area’s financial supervisor may begin this weekend with a few failures. At noon in Frankfurt on Oct. 26, investors will learn which of the currency bloc’s 130 biggest banks fell short in the ECB’s year-long examination of their asset strength an…
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ECB Vies for Third Time Lucky in European Stress Tests
The markets have become a little more relaxed during the ending week – stock indices and bond yields have risen, and EURUSD has fallen back to the previous week’s lows. The slightly better-than-expected economic data and dovish promises of possible corporate bond purchases from the European Central…
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3 Numbers: German consumer angst, UK growth, US home surge
Gold prices (xau/usd) started the week bullish, making new higher lows, and highs. It is trading above its 200-, 100-, and 50-period SMAs in the 4H chart, a sign of bullish bias in this time-frame, and for October in general. However gold is heading into the weekend with early signs of a bearish…
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Gold Initiates Bearish Continuation; Silver Sits Tight
Investors have plenty to be concerned about: Russian-inspired insurrection in Ukraine, Occupy Central protests in Hong Kong, the spread of Ebola from Africa to Europe and the U.S., war in the Middle East. One thing they can leave off the list: inflation. That’s what falling gold prices show. Turm…
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Gold Losing to Dollar as Global Haven With Low Inflation
The Australian Dollar’s decline has been thrown a lifeline by nervous Greenback bulls. For now, the bulls can breathe a sigh of relief, but the downside looms. As long as the USD Index continues to correct from the 4-year highs then I expect to see A$ stuck within the 0.864-89c range. The choppy…
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A$ Stuck in a rut, which bulls will gladly take (for now)
To Nelson Bunker Hunt, the world was full of enemies. There was inflation. It was running as high as 13 percent in the 1970s, like a thief threatening to steal the family fortune earned by his father, H.L., in the oil fields of East Texas. There was Muammar Qaddafi and the American oil men who…
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Haunted by Inflation, He Snapped Up Silver at $2, Made a Fortune and Lost It
The Conference Board Leading Economic Index® (LEI) for China increased 0.9 percent in September to 302.6 (2004 = 100), following a 0.7 percent increase in August and a 1.3 percent increase in July. Five of the six components contributed positively to the index in September. “The six-month gro…
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The Conference Board LEI for China increased in September
The yen pulled away from two-week lows against the dollar on Friday on safe-haven bids as U.S. stock futures tumbled on reports that a New York doctor had tested positive for the Ebola virus. A physician with Doctors Without Borders who had returned to New York City from West Africa has tested po…
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Yen rallies on safe-haven bids after New York Ebola case reports
China’s new-home prices fell in all but one city monitored by the government last month as easings of property curbs failed to stem a market downturn amid tight credit. Prices dropped in 69 of the 70 cities in September from August, the National Bureau of Statistics said in a statement today, the…
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China Home-Price Drop Spreads as Easing Fails to Halt Downturn
