Christine Lagarde has pledged to remain in post at the International Monetary Fund (IMF) as she is placed under formal investigation in her native France. The case purports to her alleged role in a long-running political feud dating back to the IMF managing director’s time as French finance mini…
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IMF Chief Lagarde ‘To Fight’ Corruption Claim
A new government without a natural majority in parliament and little popular support will attempt over the next two years to impose the economic reforms which France has resisted, or skirted, for two decades. Officially, the administration that took office tonight – the fourth government of Franç…
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French President Hollande ejects opponents of economic reforms in ‘clarified’ cabinet
There have been some epic transatlantic yacht races over the decades. It is always a contest of navigation, strength and skill, which pits each sailor against both the elements and the competition. But right now there is another transatlantic race underway, and this one is being fought among cen…
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Who will raise rates first: Yellen or Carney?
Two years after being plucked from the ranks of exchange product developers to design the JPX-Nikkei Index 400, Daisuke Tanaka finds himself at the center of a corporate revolution. Bespectacled and lean at 40, the lifelong employee of Japan Exchange Group Inc. is executing a plan backed by the g…
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How a Novice Quant Developed an Index for Changing Japan
Former Federal Reserve Chairman Ben Bernanke, a prominent student of the Great Depression, contends that the 2008 financial crisis was actually worse than its 1930s counterpart. Mr. Bernanke is quoted making the statement in a document filed on Aug. 22 with the U.S. Court of Federal Claims a…
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2008 Meltdown Was Worse Than Great Depression, Bernanke Says
The following are the intraday outlooks for EUR/USD, AUD/NZD, USD/CAD, and NZD/USD as provided by the technical strategy team at SEB Group. EUR/USD: Targeting 1.31221/04 next. There ain’t no rest for the wicked and there ain’t no rest for the euro…A short term 261.8% Fibo projection ref is cu…
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Intraday Outlooks For EUR/USD, AUD/NZD, USD/CAD, NZD/USD
Treasuries were the cheapest versus their international counterparts in seven years as a gauge of economic data showed figures are beating analysts’ forecasts by the most since February. The U.S. is scheduled to sell $35 billion of five-year notes and $13 billion of two-year floating-rate debt t…
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U.S. Debt Cheapest Versus Peers Since ’07 as Data Beat Forecasts
The UBS consumption indicator clearly buckled in July after reaching its six-year high in the previous month. The UBS consumption indicator sank from 2.07 to 1.66 points in July. The decrease is based on the development of most of the sub-indicators. Only new vehicle registrations rose in July, p…
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Swiss UBS consumption indicator: High ends in July
German consumers have become less optimistic this August. The consumer climate suffered a setback. Following a revised value of 8.9 points in August, the overall indicator is forecasting 8.6 points for September. When compared with the previous month, both income expectations and willingness to buy…
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Germany: Consumer climate setback: consumers believe positive economic development is under threat
As reported by the Federal Statistical Office (Destatis), the index of import prices decreased by 1.7% in July 2014 compared with the corresponding month of the preceding year. In June 2014 and in May 2014 the annual rates of change were –1.2% and –2.1%, respectively. From June 2014 to July 2014 the…
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German Import prices in July 2014: –1.7% on July 2013
After spending time in Argentina, BofA’s Marcos Buscaglia is concerned… The perception of many locals is that the risks of an economic/currency crisis before year-end have increased significantly. This compares to a view they had before of a muddle-through till the 2015 presidential elections….
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As Argentina Peso Plummets To Record, BofA Warns Of Looming Economic Crisis
One of the most popular and unusual charts in labor market economics is the Beveridge Curve, which tracks the relationship between job openings and the unemployment rate. The curve shows that, in general, as the unemployment rate rises the number of job openings falls, and vice versa. But a new…
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Beveridge Curve Might Not Tell Us Much of Anything
Hedge funds investing in India have become the world’s best performers this year on expectations that Prime Minister Narendra Modi will revive Asia’s third-largest economy. The funds investing in the South Asian nation have returned 26 percent this year through July, according to Eurekahedge Pte….
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India Hedge Funds Are World’s Best Performer on ‘Modi, the Hero’
Masters of the Universe aren’t known for having anything resembling a jewelry collection except for one item — a watch. They’re collectible, gorgeous and at times incredibly expensive pieces that can be handed down from generation to generation Exactly the type of thing a titan of any industry wo…
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The Watches Wall Street’s Biggest Players Wear
Over the last week now Gold has been falling lower back towards the medium term support level at $1290 however to finish out last week it fell sharply down to the previous key level at $1275. In the last 24 hours gold has surged higher but run into the previous key level at $1290 before spending…
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Gold – Sellers Placing Great Pressure on Support at $1275
The S&P 500 hit the milestone of 2,000 yesterday before backing off. Today, it closed at 2,000 sharp, as if by coincidence. It’s up nearly 200% since March 2009. It hasn’t seen even a run-of-the-mill nothing-to-worry-about correction of 10% in almost three years, though these corrections occur about…
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Wall Street, "a Self-Licking Ice-Cream Cone"
Does the Fed’s regional structure play a role in monetary policy? The regional structure of the Federal Reserve System plays an important role in determining U.S. monetary policy. The Federal Open Market Committee (FOMC), which is the Fed’s primary monetary policymaking body, is comprised of all …
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How the Fed’s Regional Structure Affects Monetary Policy
Since Goldman Sachs’ shift into a structural USD bulls back in April, GS put out a series of notes illustrating the main drivers behind the expected USD strength and quantifying the potential USD upside against major currencies. Over the past month, GS has increased this focus on the US Dollar,…
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Goldman: A Good Time For USD Bulls; We Especially Like It Vs EUR
EUR/USD was hammered into yet another 1-year low on Tuesday, with further selling interest noted out of Tokyo, taking the rate towards 1.3160 new low following a NY close of 1.3167. The stronger-than-expected US Durable Goods and Consumer Confidence boosted the US Dollar on Tuesday, which paired …
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EUR/USD: No respite, new lows printed
