Category Archives: Forex

Jordan Belfort doesn’t deny that his life in the 1990s was all about drugs, hookers and swindling people out of millions. …

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The Wolf of Wall Street wants redemption

Jordan Belfort doesn’t deny that his life in the 1990s was all about drugs, hookers and swindling people out of millions. …

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The Wolf of Wall Street wants redemption

Bank of Japan Governor Haruhiko Kuroda told Prime Minister Shinzo Abe Thursday he is prepared to take whatever steps needed to achieve the central bank’s 2% inflation target if it comes under threat. In a face-to-face meeting about the economy, however, Kuroda said he received no particular instr…

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BOJ ready to do whatever is needed to achieve 2% inflation target

Bank of Japan Governor Haruhiko Kuroda told Prime Minister Shinzo Abe Thursday he is prepared to take whatever steps needed to achieve the central bank’s 2% inflation target if it comes under threat. In a face-to-face meeting about the economy, however, Kuroda said he received no particular instr…

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BOJ ready to do whatever is needed to achieve 2% inflation target

As we alluded to above, the Chinese yuan is not a completely free-floating currency. Instead, the People’s Bank of China (PBOC) sets a “central parity rate” against a basket of world currencies (primarily the U.S. Dollar), and the currency is allowed to oscillate within a 2% band around that level….

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USDCNH at 6-Month Lows Ahead of Key Chinese Data

As we alluded to above, the Chinese yuan is not a completely free-floating currency. Instead, the People’s Bank of China (PBOC) sets a “central parity rate” against a basket of world currencies (primarily the U.S. Dollar), and the currency is allowed to oscillate within a 2% band around that level….

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USDCNH at 6-Month Lows Ahead of Key Chinese Data

Business NZ manufacturing Purchasing Managers’ Index (PMI) for August, 56.5 prior was 53.5, revised from 53.0 From the report: Manufacturing by industry sub-groups were mostly positive during August: Petroleum, coal, chemical & associated product manufacturing (63.5) went back in…

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BusinessNZ manufacturing PMI for August: 56.5

Business NZ manufacturing Purchasing Managers’ Index (PMI) for August, 56.5 prior was 53.5, revised from 53.0 From the report: Manufacturing by industry sub-groups were mostly positive during August: Petroleum, coal, chemical & associated product manufacturing (63.5) went back in…

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BusinessNZ manufacturing PMI for August: 56.5

Last weekend several polls emerged that shockingly forecast Scottish independence from Great Britain is within the realm of political possibilities. Although the September 18th vote had worried a number of people, the evenly split polling results burst upon the world like a thunderbolt, perhaps…

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A Wee Scottish Problem For the UK

Last weekend several polls emerged that shockingly forecast Scottish independence from Great Britain is within the realm of political possibilities. Although the September 18th vote had worried a number of people, the evenly split polling results burst upon the world like a thunderbolt, perhaps…

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A Wee Scottish Problem For the UK

The U.S. dollar dipped from six-year highs against the yen on Thursday, and the dollar index fell slightly but remained on track to post its ninth consecutive week of gains. The greenback was slightly weaker as Treasuries yields fell after President Barack Obama authorized airstrikes for the firs…

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Dollar slips, but on track for ninth week of gains

YouGov’s latest survey for The Times and Sun has No, on 52%, narrowly ahead of Yes, 48%, after excluding don’t knows. Compared with our last poll, for the Sunday Times, Yes is down three points and No up three. This is the first time No has gained ground since early August. Three previous polls …

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‘No’ campaign lead at 4 in Scottish referendum

European Central Bank President Mario Draghi, fresh from announcing a new batch of stimulus measures a week ago, urged governments to match the ECB’s effort with investment and structural reforms to help the flagging euro zone grow. A day after incoming European Commission chief Jean-Claude Junck…

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Over to you, ECB’s Draghi tells euro zone governments

The mystery behind Cynk Technology Corp. (CYNK), the penny stock whose 36,000 percent surge captivated Wall Street in July, just took a new twist. U.S. prosecutors chasing an alleged $500 million money-laundering and penny-stock manipulation scheme brought charges this week in federal court in Br…

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Clues to Cynk Penny-Stock Mystery Found in Brooklyn Case

We are facing a set of conditions – low growth and low inflation, high debt and high unemployment – that can only be addressed by concerted action on both the demand and supply sides of the economy. This requires that all actors – both at national and European levels – play their parts in line with…

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Draghi: Keynote speech at the Eurofi Financial Forum

Currency markets are back in the news as the U.S. dollar has gained sharply against the euro and yen, and jitters about Scottish independence have hit the pound. So far, though, analysts are largely missing an important potential consequence of the gyrations: They could erode the broader financial…

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Will Currencies Undermine Calm in Markets?

Is bitcoin irrelevant to the U.K. economy? Well perhaps the biggest authority on that, the Bank of England, has weighed in on the cryptocurrency today, and its conclusion is basically thus: While bitcoins in circulation in the U.K. pose no threat to the financial system, and perhaps never will, the…

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Here’s What the Bank of England Thinks of Bitcoin

The U.S. budget deficit narrowed 22 percent in the first 11 months of the fiscal year as accelerating economic growth boosted tax receipts, Treasury Department figures showed. The budget gap as a share of the economy is on a path to shrink this year to the lowest level since 2007, as falling unem…

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U.S. Budget Deficit for 11 Months Shrinks 22% as Economy Grows

Britain’s international partners are aghast, mostly in silence, at the possibility one of the leading Western powers could break up and turn in on itself if Scotland votes for independence from London. Many fear such a split would foreshadow a British exit from the European Union, on which Prime …

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Silent Europe aghast at possible breakup of Britain

1. Many are arguing that the dollar’s rally reflects a shift in expectations of Fed policy. There seems to be little evidence for this. A shift in expectations would be most directly reflected in market pricing of the Fed funds futures and Eurodollar futures contracts. Since the end of August,…

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Six Talking Points