The ANZ Commodity Price Index recorded its sixth consecutive monthly decline, falling 3.3 percent in August (-7.2% y/y). The latest monthly percentage decline is the second largest of the past six months and takes the index back to a 17-month low, 12 percent below the all-time peak measured …
The euro languished at one-year lows early on Tuesday, following an aimless session overnight with market activity severely hampered by a holiday in the United States. The common currency last traded at $1.3129, having drifted in a slim $1.3119/1.3146 range for all of Monday. That helped keep the…
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Euro sees little reprieve in holiday trade, Aussie eyes rate call
The euro languished at one-year lows early on Tuesday, following an aimless session overnight with market activity severely hampered by a holiday in the United States. The common currency last traded at $1.3129, having drifted in a slim $1.3119/1.3146 range for all of Monday. That helped keep the…
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Euro sees little reprieve in holiday trade, Aussie eyes rate call
If you’re considering going to Wall Street, you should really know what you’re getting into. Yes, you will get paid better than average people all over the world. Yes, you will get to learn new things constantly, and yes, you will be involved in important transactions (well, hopefully) and meet i…
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23 Ways Your Wall Street Job Will Make You Miserable
If you’re considering going to Wall Street, you should really know what you’re getting into. Yes, you will get paid better than average people all over the world. Yes, you will get to learn new things constantly, and yes, you will be involved in important transactions (well, hopefully) and meet i…
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23 Ways Your Wall Street Job Will Make You Miserable
Given markets are quiet after the US Labor Day holiday I have a question for you. Can a black swan hide in plain sight? Because it seems that we might have two swans right in front of us at the moment in in the path and speed of Fed monetary policy and the inexorable slippage and escalat…
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Perhaps a ‘Black Swan’ really can hide in plain sight
Given markets are quiet after the US Labor Day holiday I have a question for you. Can a black swan hide in plain sight? Because it seems that we might have two swans right in front of us at the moment in in the path and speed of Fed monetary policy and the inexorable slippage and escalat…
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Perhaps a ‘Black Swan’ really can hide in plain sight
The EURNZD pair has been in a clear downtrend throughout 2014 and this appears to be coming back into focus today following the topping off on a retracement that has been in play throughout the past weeks. With price breaking below a key neckline, I expect to see further downside in the coming days….
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EURNZD breaks support to bring bearish outlook
With figures today confirming that the German economy contracted by 0.2 percent in the second quarter, the U.K. looks splendidly isolated from the economic malaise gripping its euro neighbors. A slowdown in manufacturing last month, however, illustrates that the U.K.’s recovery is immune neither to…
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Beware Hubris on U.K. Economy
French President Francois Hollande and European Central Bank chief Mario Draghi agreed on Monday that deflation and weak growth were threatening the European Union’s economy, an official in the president’s office said. Draghi called last week for greater emphasis on fiscal stimulus over austerity…
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Hollande, Draghi agree on threat of deflation: official
The key economic event to start the week was the release of the August manufacturing PMIs. The reports largely confirmed what investors already knew, though will be some tweaks in the understanding of the macro picture. Here are the five takeaways: 1. Following the dismal household spendi…
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What Happened Monday and a Look Forward
OANDA Corporation has ceased offering the trading of precious metals on its fxTrade platform to clients in the US, citing regulatory considerations as the driving factor OANDA US has taken the decision to discontinue the offering of precious metal trading on its fxTrade platform, having implemented…
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OANDA halts margin trading on precious metals in the United States
Gold is little-changed today, mirroring the price action of nearly all the other financial markets. Undoubtedly it is the absence of US investors due to the Labor Day holiday which has been the main reason behind the uninspiring trading conditions. On Friday, gold finished the session lower but…
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Gold steady ahead of a busy week
Nato is to create a 4,000-strong “spearhead” high-readiness force that can be deployed rapidly in eastern Europe and the Baltic states to help protect member nations against potential Russian aggression, according to Nato officials. Leaders from the 28 Nato countries are expected to approve the p…
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Nato to create high-readiness force to counter Russian threat
Banks will get preliminary information on how they have fared in the European Central Bank’s landmark assessment of the sector a month early, so they can prepare a “market response”, according to an ECB presentation obtained by Reuters. Investors are keenly awaiting the results of the ECB’s unpre…
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Banks to get some preliminary ECB results a month early – document
A wave of nude celebrity photos began to seep out Sunday evening and Monday morning. Rumors are swirling that the unidentified hacker exchanged the photos for Bitcoin donations over 4chan. The pictures were allegedly picked up through hacks and released in a major leak. The photos include Jennifer…
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Celebgate Myth: Hacker Leaked Nude Celebrity Photos In Exchange For Bitcoin
China’s productivity is slipping away, the miracle days are largely over and the best way for Beijing to slow its slide into “the middle-income trap” is through meaningful structural reform, two reports argue, a process that has so far remained largely in the slow lane. China’s economy, once desc…
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China’s Productivity Problem Drags on Growth
Germany posted its biggest budget surplus since reunification in the first half of 2014, underscoring the strength of its finances at a time it faces growing pressure to loosen the fiscal reins and spend more to bolster growth in Europe. The budget figures came as a detailed breakdown of Germ…
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Booming budget surplus raises pressure on Germany
The best days of the recovery are behind us. That seems to be a reasonable conclusion from the latest factory data, which shows the growth in output and new orders slowing in August. Overall, looking across all areas of manufacturing, the Markit/Cips purchasing managers index (PMI) registered its…
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UK economic recovery? It just can’t get any better, any time soon
