For all the uncertainty around the European Central Bank’s extraordinary monetary policy, one thing is for sure: it’ll be good for carry trades. If an asset has a higher yield than euro-denominated ones, and in today’s world many, many do, it will benefit from increased flows from investors borro…
Read the original here:
ECB policy is carry-trade-tastic
BREAKING
See the original post here:
NATO head: Approve new rapid response force to counter Russian threat
US employment data is usually the main highlight on the first Friday of a new month. However, we argue that this month could be different. The strength of the US economy now taken for granted, with Q3 GDP expanding at something north of 3%. The US economy is moving toward the Fed’s mandates,…
Here is the original post:
Digestion is Main Focus
The following are the expectations for today’s US August jobs report as provided by the economists at Goldman Sachs, Morgan Stanley, Bank of America Merrill Lynch, Barclays Capital, and other major banks. Goldman: Change in Nonfarm Payrolls (Aug): 240K, Unemployment Rate (Aug): 6.1%. Morga…
Original post:
What To Expect From NFP? – Views From 10 Banks
Francois Hollande made sure doctors kept his spurned ex-girlfriend, Valerie Trierweiler, drugged on “astronomical” amounts of tranquillisers after their break-up to keep her in hospital and out of his hair, she claims in an explosive book out yesterday. The accusation, one of many levelled at th…
See the original post here:
‘French President Hollande kept me drugged after break-up’ – Trierweiler
Talks on bringing peace to eastern Ukraine are set to begin, with the conflicting sides seeking agreement on a ceasefire. Ukraine, Russia and pro-Russia rebels are due to begin afternoon talks in Belarus. However, there are new reports of shelling near the town of Mariupol. Meanwhile, Western…
See the original post here:
Ukraine ceasefire talks as West plans Russia sanctions
Despite some incredible moves in the forex markets yesterday Wall Street ended with something of a disappointment. Having spent several days consolidating above 2000 on the S&P 500, last night it closed back below the psychological level again. There is a slight sense that the bull trend is…
See more here:
Technical rally on Euro and Cable now increasingly likely
Here’s what to look for when the Labor Department releases the August U.S. employment report today at 8:30 a.m. in Washington: — Payrolls, jobless rate: The median forecast in a Bloomberg survey of economists projects 230,000 workers were added last month after a 209,000 increase in July. Such …
The rest is here:
Jobs-Day Guide: U.S. Payrolls, Participation, Wages and Hours
This news release describes the results of the Bank of England’s latest quarterly survey of public attitudes to inflation, undertaken between 7th and 15th of August 2014. Highlights from the survey Question 1: Asked to give the current rate of inflation, respondents gave a median an…
Go here to read the rest:
Bank of England/GfK NOP Inflation Attitudes Survey – August 2014
Despite centuries of study, most mainstream economists are still baffled by the phenomenon of market bubbles and periodic corrections. Most, following in the footsteps of John Maynard Keynes, seem content to throw up their hands and ascribe these fluctuations to unpredictable “animal spirits,” the…
Excerpt from:
The Great Wall of Credit: Lessons From Chinese Housing
A Manhattan federal judge said on Thursday that investors may pursue a lawsuit accusing 12 major banks of violating antitrust law by fixing prices and restraining competition in the roughly $21 trillion market for credit default swaps. While dismissing part of the case, U.S. District Judge Denis…
See original here:
Big banks must face U.S. swaps price-fixing lawsuit
The Swiss National Bank’s foreign exchange reserves inched higher in August, data showed on Friday. The SNB held 453.799 billion Swiss francs in foreign currency at the end of August, compared with 453.353 in July, revised from an originally reported 453.391 billion, preliminary data calculated a…
Read the original:
SNB forex reserves slightly up in August
Despite a stagnant two month period in terms of trading activity, Saxo Bank has attracted its highest total amount of monthly deposits since establishment, pointing toward a secure future Danish retail FX stalwart Saxo Bank has today announced its monthly trading metrics for the month of August 2…
See the original post here:
Saxo Bank August volumes down 1% to $212B, but deposits hit all time high topping $10B
U.S. job growth likely accelerated a bit in August and the unemployment rate probably fell to 6.1 percent, offering fresh evidence of sustained momentum in the economy. Economists predict that nonfarm payrolls increased 225,000 last month, according to a Reuters survey. It would mark the seventh …
Continued here:
Solid U.S. employment growth eyed in August
The number of tourists visiting New Zealand is likely to rise strongly until at least 2020, the Ministry of Business, Innovation and Employment has forecast. It said the global economy appeared to be recovering from the worst of the global financial crisis and it estimated annual spending by fore…
Excerpt from:
New Zealand set for tourist boom
In July 2014, production in industry was up by 1.9% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In June 2014, an increased a revised 0.4% from May 2014. Production in industry excluding…
Read the original here:
Germany: Seasonally adjusted production in July 2014 up 1.9% on the previous month
What a week it has been. Yesterday’s meeting of the European Central Bank’s governing council took everyone by surprise, as it cut rates and announced it would begin an asset purchase program of covered bonds and asset-backed securities. It is probable that the markets are still digesting the si…
See the original post here:
3 Numbers: Slight increase for German production, Ukraine, US jobs
Japan’s economy has continued to recover moderately as a trend, although the subsequent decline in demand following the front – loaded increase prior to the consumption tax hike has been observed. Overseas economies — mainly advanced economies — have been recovering, albeit with a lack…
See the original post:
Monthly Report of Recent Economic and Financial Developments September 2014
A man who helped to promote bitcoin wants to remain in the business despite pleading guilty Thursday to indirectly helping send more than $1 million in the digital currency to users of the illicit online marketplace Silk Road, his lawyer said. Charlie Shrem, 24, pleaded guilty at a hearing in New…
The rest is here:
Bitcoin promoter pleads guilty to unlicensed use of currency
After running into resistance at $1290 for a few days, gold has fallen sharply over the last week and in doing so has broken through the support at $1275. It rallied a day ago however ran into further resistance at $1275 before falling lower to a four month low around $1258. A week ago Gold was…
See the original post here:
Gold – Drops to Four Month Low Below $1260
