I have often written about the emotional and psychological factors that inhibit long-term investment performance (most recently here). Despite repeated studies that suggest investors should just buy “passive index” funds and “hold on” until eternity, the reality is that it simply does not work that…
A short walk from Edinburgh Castle, past tourist stores hawking kilts and tartan scarves, a church hall is about to become a patch of Barcelona for the day. As Scotland votes next week on whether to break up the U.K. after more than three centuries, a group of about 100 Catalans will gather to wa…
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Scots Independence Genie Fires Separatist Dreams of EU Statehood
A short walk from Edinburgh Castle, past tourist stores hawking kilts and tartan scarves, a church hall is about to become a patch of Barcelona for the day. As Scotland votes next week on whether to break up the U.K. after more than three centuries, a group of about 100 Catalans will gather to wa…
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Scots Independence Genie Fires Separatist Dreams of EU Statehood
Industrial production in France and Spain are today’s main macro updates for Europe and the numbers look set to remain a study in contrasts. Output in France is expected to contract further in today’s update while Spain’s industrial activity will probably show continued growth (for additional…
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3 Numbers: Flagging France, sprightly Spain and the usual US strength
Industrial production in France and Spain are today’s main macro updates for Europe and the numbers look set to remain a study in contrasts. Output in France is expected to contract further in today’s update while Spain’s industrial activity will probably show continued growth (for additional…
Original post:
3 Numbers: Flagging France, sprightly Spain and the usual US strength
Job creation in competitive sector 2nd Quarter 2014 In Q2 2014, payroll employment in principally market sectors increased by 0.1% q-o-q (+8,300 jobs), after -0.1% (-20,100) in the previous quarter. Excluding temporary work, employment remains stable in Q2 2014 (-5,600 jobs). Recover in t…
Job creation in competitive sector 2nd Quarter 2014 In Q2 2014, payroll employment in principally market sectors increased by 0.1% q-o-q (+8,300 jobs), after -0.1% (-20,100) in the previous quarter. Excluding temporary work, employment remains stable in Q2 2014 (-5,600 jobs). Recover in t…
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France: Increase in payroll employment in Q2 2014
Bank of Japan Deputy Governor Kikuo Iwata on Wednesday reiterated policymakers’ conviction that the economy can recover from a deep slump, saying that households and companies will boost spending as the pain from an April sales tax hike eases. Iwata acknowledged that weak exports and the rising …
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BOJ’s Iwata upbeat on economy, unfazed by post-tax hike slump
Bank of Japan Deputy Governor Kikuo Iwata on Wednesday reiterated policymakers’ conviction that the economy can recover from a deep slump, saying that households and companies will boost spending as the pain from an April sales tax hike eases. Iwata acknowledged that weak exports and the rising …
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BOJ’s Iwata upbeat on economy, unfazed by post-tax hike slump
FXCM Inc. (NYSE:FXCM) today announced metrics for August 2014 for its retail and institutional FX business. Keeping up with the overall trend in the industry, FXCM had a nice month for retail although institutional volumes were a tad flat. Even so, August was the best overall month in 2014 for the…
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FXCM’s August retail trading volume rises by 14% from July; Institutional customers remained flat
FXCM Inc. (NYSE:FXCM) today announced metrics for August 2014 for its retail and institutional FX business. Keeping up with the overall trend in the industry, FXCM had a nice month for retail although institutional volumes were a tad flat. Even so, August was the best overall month in 2014 for the…
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FXCM’s August retail trading volume rises by 14% from July; Institutional customers remained flat
Asian shares tumbled on Wednesday as markets wagered the Federal Reserve would raise interest rates earlier than expected, sending U.S. bond yields higher and keeping the dollar well bid near 14-month highs against a basket of major currencies. Some of the regional tech shares took a hit after Ap…
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Asia stocks take fright on Fed anxiety, dollar shines
Asian shares tumbled on Wednesday as markets wagered the Federal Reserve would raise interest rates earlier than expected, sending U.S. bond yields higher and keeping the dollar well bid near 14-month highs against a basket of major currencies. Some of the regional tech shares took a hit after Ap…
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Asia stocks take fright on Fed anxiety, dollar shines
Commodities declined to the lowest in almost eight months as the dollar advanced on speculation that the Federal Reserve will increase interest rates next year, curbing demand for raw materials. The Bloomberg Commodity Index (BCOM) that tracks 22 futures lost as much as 0.7% to 123.4334, the lowe…
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Commodities Drop to Lowest Since January as Dollar Climbs
The recent weakening of the EUR has been accompanied by a steady build-up in speculative shorts with latest CFTC Commitment of Traders (CoT) report shows that EUR/USD speculative shorts are now at levels comparable with those at the height of the Euro crisis in early 2012. In this regard, Goldm…
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EUR/USD Next Move: A New Look At CFTC’s Positioning Data – Goldman Sachs
The recent weakening of the EUR has been accompanied by a steady build-up in speculative shorts with latest CFTC Commitment of Traders (CoT) report shows that EUR/USD speculative shorts are now at levels comparable with those at the height of the Euro crisis in early 2012. In this regard, Goldm…
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EUR/USD Next Move: A New Look At CFTC’s Positioning Data – Goldman Sachs
Hard to believe, but $30 billion is the value that was wiped off Apple’s market value in the few hours after CEO Tim Cook unveiled the latest iPhones and the company’s “next big thing,” its Apple Watch. At 1.58 pm on Tuesday, moments before the big Apple event began, the shares were as high as $1…
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Is The Apple Watch Already A $30 Billion Flop?
The resurgent U.S. dollar has trumped most major currencies in its march higher, not least the Japanese yen, whose recent slide against the greenback is raising policymakers’ eyebrows. Dollar-yen spiked to a six-year high this week, touching a high of 106.46 on Tuesday. The move triggered warning…
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How low will yen go? Depends on the dollar
China’s central bank chief is learning you can’t control what you can’t cut. The People’s Bank of China’s removal of state controls on borrowing costs last year has left Governor Zhou Xiaochuan struggling to influence rates with tools such as adjusting some banks’ reserve requirements and targete…
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PBOC Adrift Without Policy Anchor Amid Credit Slump
This is a surprising and disappointing result. Following the 6.8% plunge in the Index in the aftermath of the Commonwealth Budget in May the Index had stabilised and was gaining ground. From June to August the Index had lifted by 5.9% to find it only 1.3% below the pre-Budget level. The Index is now…
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Australia consumer sentiment spanked on bubble fears
