It may well be a big deal that Mario Draghi is now talking fiscal stimulus, but the unlikeliness of this happening only underscores that he’ll be forced to do more with monetary policy. The European Central Bank president delivered a ground-breaking speech at Jackson Hole, calling for government …
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Draghi calls for fiscal help, hears busy signal
In April, LeapRate reported on HY Markets, trading name of Henyep Capital Markets UK Ltd., a division of the Henyep Group, headquartered in the UK launching a binary options brokerage branded as HY Binary Options. Initially, it looked like a great sign that a quality brand and FCA regulated spot FX…
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HY Binary Options shelved or in a state of limbo?
Europe’s largest banks are finally putting hundreds of billions of dollars of unwanted assets up for sale amid mounting competition among buyers and regulatory pressure. A wave of deals could be a boon to the region’s economy if the banks free up capital to increase lending. Banks led by London-b…
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Europe Bank Cleanup Driving $1.72 Trillion of Asset Sales
The famous billionaire investor Warren Buffett is helping to finance Burger King’s much talked-about takeover of Tim Hortons, a Canadian coffee and doughnut chain, sources are telling the Wall Street Journal. …
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Warren Buffett Reportedly Giving Big Boost To Burger King Deal
The well-publicized troubles of Portugal’s Banco Espírito Santo this summer have reminded us that the eurozone’s financial problems are by no means resolved. There are, no doubt, idiosyncratic factors behind the bank’s problems, stemming from its exposure to other parts of the Espírito Santo family…
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Europe’s Fitful Financial Integration
Monday night’s Scottish independence referendum debate between Alex Salmond and Alistair Darling raised the scariest question for voters leaning toward a Yes vote: Does Scotland have the courage to face down the Bank of England, walk away from its share of the U.K.’s national debt, and become an…
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It Looks Like Scotland Will Have To Risk Defaulting On Its Debt To Get Independence
CitiFX Technicals cut today all of its long USD positions trades by exiting a short EUR/USD position at 1.3195 booking a 536-pip profit (+3.92%), 2 long USD/JPY positions at 103.95 booking a 119-pip profit each (+0.59%), and a long USD/CHF trade at 0.9161 booking a 214-pip profit (+2.39%). “Whi…
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Citi Makes An ‘Opportunistic’ Exit For USD longs: Here Is Why?
For comic book collectors, it’s the Holy Grail. A pristine copy of Action Comics #1 — which introduced Superman for the first time — sold on eBay (EBAY, Tech30) for $3,207,852, a record. When it originally hit newsstands in 1938, the comic sold for 10 cents. While eBay did not disclose the winni…
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Original Superman comic sells for record $3.2 million
The Conference Board Leading Economic Index ® (LEI) for China increased 1.3 percent in July. The index stands at 297.7 (2004 = 100), following a 1.3 percent increase in June and a 0.7 percent increase in May . Five of the six components contributed positively to the index in July. Andrew Polk, re…
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The Conference Board LEI for China increased sharply in July
USD/JPY is trading at 103.88, having posted a daily high at 104.13 and low at 103.86. USD/JPY has suddenly dropped the 104 handle despite fundamentals and technical offering bullish signals. However, there are no events surrounding the pair until the US opens so range trading should remain the th…
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USD/JPY suddenly spikes back below 104 handle
Asian shares got off to a firm start on Tuesday as investors warmed up to the idea of more monetary stimulus by the European Central Bank to boost the sagging euro zone economy. The euro slipped to a one-year low against the dollar as comments from ECB chief Mario Draghi late last week that the c…
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Asian shares firm, euro struggles on ECB easing hopes
On Tuesday, August 26, the Census will release its advance report on durable good orders for July. Expectations are for the headline reading to show orders grew 8%, according to data from Bloomberg. But according to Wall Street economists, that number could be as high as 38%. The reason? A ma…
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Get Ready For What Could Be One Of The Craziest Numbers You’ll Ever See In A US Economic Report
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Japan Monthly Report on the Services Producer Price Index
For those of us trading forex expert advisors or trend following strategies, we may have gotten significantly less trades or signals from our systems. Or we may find that strategies which worked well previously are under-performing, or under-trading. What could be the reason? Lowest volatility…
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How Volatility Affects Forex Traders in Today’s Market
While there will be a lot of focus on the S&P 500 breaking 2000 for the first time ever last night for me the big moves is the confirmation – or at least the expectation – in markets that Mario Draghi is going to deliver quantitative easing to Europe. Lets face it he needs to do something for the…
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Draghi ignites stocks and hurts Euro, Aussie still strong
The COT Index is the difference between net speculative positioning and net commercial positioning measured. A blue colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bullish) with speculators selling and commercials buying. A red colored bar indicates…
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COT: Speculative Euro Shorts at Risk of a September Squeeze
The S&P 500 on Monday traded above 2,000 for the first time ever. Where’s the hoopla? It’s a far cry from the late 1990s when the Dow’s DJIA, +0.44% crossing of 10,000 was heralded as the apotheosis of a new stakeholder economy in which every citizen was set to get rich on dot-com stocks. The…
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The S&P 500 topped 2,000. Should you care?
The dollar rose to its highest level against the euro in nearly a year on Monday as weak German economic data and comments by European Central Bank chief Mario Draghi encouraged bets on looser euro zone monetary policies. Lifted by widening speculation the Federal Reserve was getting closer to hi…
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Dollar rises as euro tumbles to near 1-year bottom
Adiminutive woman with a pixie haircut is deciding the future of the world’s biggest economy, and we don’t know what she’s really thinking. …
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The Mystery Woman Who Runs Our Economy
As the summer comes to an end, I’d like to try something unusual, if I may. Let’s collectively specify three major lessons that we learned about financial markets in the last two months and, after compiling a summary of them, draw out the implications for what lies ahead. Below I list my three. P…
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What Made This Summer Different
