Zurich’s red-light district is dimming. Bankers who have been core patrons of the city’s sex industry and cabarets are curbing spending. The venues of Langstrasse — or long street — are closing, replaced by hipster bars, techno clubs and even a backpackers’ hostel. Like the finance industry, t…
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Red-Light District Dims as Zurich Bankers Curb Spending
As discussed in a previous article titled “3 Things I Wish I knew When I Started Trading Forex,” I explained how my start in trading Forex was a rocky one. I burned through 20% of my account in 3 weeks and was fortunate enough to stop trading until I had a better education. Working for FXCM for…
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3 Reasons Why I Use Trading Automation
“ UK h ouse prices edged up by 0.8% in August , marking the sixteenth successive monthly price rise. As a result, the annual pace of house price growth is up to 11% from 10.6% i n July. “ While this is still below the 11.8% recorded in June , house price growth continues to out…
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UK House price growth edges up in August
According to provisional results of the Federal Statistical Office (Destatis), retail turnover in July 2014 in Germany increased 0.7% in real terms and 1.0% in nominal terms compared with the corresponding month of the previous year. The number of days open for sale was 27 in July 2014 and 27 in…
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German Retail turnover in July 2014: +0.7% in real terms on July 2013
Housing starts in Japan declined at a faster than expected rate in July, data showed Friday. Housing starts fell 14.1 percent year-over-year in July following the 9.5 percent drop in June, figures from the Ministry of Land, Infrastructure, Transport and Tourism showed. Economists had expected a 1…
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Japan July Housing Starts Fall At Faster-Than-Expected Rate
It sometimes seems capital investment commentary in Australia concentrates on mining and manufacturing, perhaps because they are industries with unhappy outlooks – bad news is good news. The reality is that the game has moved on, that the non-resources sector is substantially larger than mining a…
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Business investing in the economy we don’t talk about
Royal Bank of Scotland, which was this week fined £14.5m for dishing out unsuitable mortgage advice, is under scrutiny from the regulators for its treatment of wealthy customers at its upmarket Coutts private banking division. …
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Trouble at Coutts: Private RBS bank probed over ‘risky’ investments
US DOLLAR TECHNICAL ANALYSIS – Prices may be carving out a near-term top after forming a bearish Evening Star candlestick pattern. A daily close below the 14.6% Fibonacci retracementat 10618 exposes the 23.6% level at 10591. Alternatively, a reversal above the 14.6% Fib expansion at 10657 opens the…
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Gold Jumps to One-Week High as SPX 500 Chart Setup Warns of Pullback
The autumn brings a raft of risk events which could reconfigure the political and economic landscape in G10 FX. In this regard, BNP Paribas presents some of these key risk events that will have significant impact on the GBP, EUR, and USD. 1- GBP: Scotland’s referendum, is a key risk event headi…
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GBP, EUR, USD: Trading Autumn’s Risk Events – BNPP
Industrial production in Japan rose less than expected in July while household spending slumped and the inflation rate remained unchanged, highlighting the challenge of reflating the world’s third-largest economy. Output expanded by 0.2 percent from June, according to the trade ministry, less tha…
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Japan’s July Output Misses Estimates as Spending Slumps
He has an assistant bathe him every morning. He goes through cars and watches like his opponents go through smelling salts. And he doesn’t bring luggage on his private jet because, well, he just buys what he needs when he gets there. No doubt, Floyd Mayweather Jr. is one of the most colorful, and…
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Floyd Mayweather Jr. looks to Warren Buffett for 900% returns
Has Germany had enough? Hot on the heels of Mario Draghi’s ‘demands’ that EU leaders undertake “structural reforms” to boost competitiveness and overcome the legacy of Europe’s debt crisis, German Finance Minister Wolfgang Schaeuble unleashed perhaps the most worrisome statement tonight for all the…
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German Finance Minister Tells EU Leaders: Free Money Party’s Over
The leaders of the Federal Reserve’s 12 regional banks reflected widely divergent financial situations last year, according to annual disclosure forms released Thursday. The economic policy makers who spent their careers in the financial sector before joining the government declared the larg…
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Fed Presidents Lockhart And Fisher Were Active Personal Asset Traders In 2013
The trend is your friend and it’s down. Business confidence continues to wane. A net 24% of firms are optimistic about general prospects, down 16 points on the month prior. That’s still a respectable level but there is now a clear reality check; confidence is now down 46 points from its Februa…
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ANZ Business Outlook – Eating our porridge
Asian shares slumped in early trading on Friday, after flaring Ukraine tensions ruined investors’ appetite for risk and bolstered the safe-haven yen. Ukraine’s president said Russian troops had entered his country in support of pro-Moscow rebels who captured a key coastal town, escalating a five-…
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Asian shares slump as Ukraine tensions flare
The Japanese yen retraced early gains in Asia on Friday after a slew of data painted a mixed economic picture, but highlighted signs of a moderate recovery. USD/JPY traded at 103.71, down 0.02%, after the data, while AUD/USD weakened to 0.9353, down 0.03%. National core CPI data for July, year-on-…
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Japanese yen retraces early gains on mixed data picture
Japan’s jobless rate rose slightly in July and the availability of jobs held steady at the highest in 22 years, giving evidence of a pause in improvement in the labour market. The seasonally adjusted unemployment rate, released by the Ministry of Internal Affairs and Communications, rose to 3.8 p…
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Japan jobless rate edges up to 3.8 percent in July
Japanese household spending fell in July from a year ago, government data showed on Friday, in a sign that consumer spending is struggling to recover after an increase in the national sales tax. The 5.9 percent year-on-year decrease exceeded the median market forecast for a 3.0 percent annual dec…
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Japan July household spending falls 5.9 percent versus year ago
Japanese prices continued to rise briskly in July with the rate of inflation remaining steady, suggesting that the country’s economic recovery trend remains intact despite the recent contraction in growth. Government data released Friday showed that the nationwide core consumer price index rose 1…
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Japan Inflation Rate Stays Steady in July
British consumer morale strengthened more than expected in August, matching June’s nine-year high, as Britons became more confident about the economy and their financial prospects, a survey showed on Friday. Polling company GfK said its monthly consumer confidence index rose to +1 in August from …
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UK consumer confidence rises more than expected in August
