The following are the expectations for today’s FOMC minutes from the July meeting as provided by the economists at Bank of America Merrill Lynch, Barclays Capital, Credit Suisse, and other major banks. BofA: The July FOMC minutes should garner a lot of attention as market participants look for …
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What To Expect From FOMC Minutes? – Views From 10 Banks
One of Alex Salmond’s most senior economic advisers has admitted it is “entirely possible” a currency union would not be agreed after independence. Crawford Beveridge, chair of the First Minister’s Fiscal Commission Working Group, said that political decisions could mean Scotland will be unable t…
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‘Entirely possible’ Scotland won’t share pound after independence, Alex Salmond’s top economist admits
Wholesale sales rose 0.6% to $53.0 billion in June, a third consecutive increase. Gains in five subsectors, which together represented 69% of wholesale sales, more than offset a decline in the motor vehicle and parts subsector. Excluding this subsector, wholesale sales rose 1.2%. In volume terms,…
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Canada Wholesale Trade, June2014
USD/JPY is turning increasingly bullish. In the 4H chart you can see that since price rallied from 101.09 to 103.08 in the second half of July after which we had a very deep retracement, one that went to 78.6%, around 101.50. …
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USD/JPY Building a Bullish Case; FOMC Minutes Ahead
German two-year debt yields held close to 15-month lows just below zero on Wednesday, with record low money market rates and expectations of easier ECB monetary policy underpinning demand at an auction of similarly-dated bonds Germany sold over 4 billion euros of a new two-year bond, with demand …
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Zero-yielding German two-year bonds meet high demand
Currently, the Central Banker remains at the ‘core’ for most of the forex moves. Governor Stevens at the RBA is trying hard to jawbone his own currency, the Aussie dollar, lower. While the ‘chameleon’ Governor Carney at the BoE seems to be confusing investors with some hawkish weekend copy, combined…
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Will BoE Dissent Change Pounds Direction?
Football teams, islands, mansions and yachts are just a few of the things popular with the world’s richest, but it seems some billionaires have more unusual hobbies, and are willing to part with serious cash to indulge their interests. Hedge fund manager and general partner of WG Trading, Paul …
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Billionaire collectibles: Fast cars and soft toys
Here’s what to look for from the Federal Reserve Bank of Kansas City’s annual economic symposium in Jackson Hole, Wyoming, which runs Aug. 21-23. — Yellen’s keynote: The highlight will be Fed Chair Janet Yellen’s speech Aug. 22 on labor markets at 10 a.m. New York time. She’ll probably reiterat…
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Jackson Hole Guide: Investors Seek Yellen Job-Market View
French President Francois Hollande said Wednesday that he would not alter his economic reform plans because of the broad weakness in the country’s economy. “It is not because the situation is difficult in France and in Europe that we must give up,” Hollande said in an interview with the daily Le …
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Hollande: France Reforms To Continue Despite Weak Econ
Expectations for manufacturing output growth in the next three months are strong, despite an easing of pace over the past quarter, the latest CBI Industrial Trends Survey shows. While nine sectors surveyed reported that the pace of growth had slowed in the past three months, sixteen sectors antic…
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Outlook remains healthy for UK manufacturers – CBI
BREAKING
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Germany Sells 4.042 Bln Euros Of New 0.00 Pct, 2-yr Schatz, Avg Yield 0 Pct
If bad economic news continues to translate into good news for investors, any sharp acceleration of the world economy from here could well kill off the long-running equity bull market. While a mid-summer wobble in global markets was blamed variously on anything from peripheral European bank woes…
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‘Good news’ shock could kill the five-year-old bull market
In June 2014 compared with May 2014, seasonally adjusted production in the construction1 sector fell by 0.7% in the euro area2 (EA18) and by 0.3% in the EU282, according to first estimates from Eurostat, the statistical office of the European Union. In May 20143, production in construction fell by…
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Production in construction down by 0.7% in euro area
The Bank of England said two policy makers wanted an interest-rate increase this month, marking the first split in more than three years and the first under Governor Mark Carney. Martin Weale and Ian McCafferty voted to increase the benchmark rate by 25 basis points from a record-low 0.5 percent…
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BOE Policy Makers Split as Weale, McCafferty Seek Rate Increase
The Bank of England said two policy makers wanted an interest-rate increase this month, marking the first split in more than three years and the first under Governor Mark Carney. Martin Weale and Ian McCafferty voted to increase the benchmark rate by 25 basis points from a record-low 0.5 percent…
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BOE Policy Makers Split as Weale, McCafferty Seek Rate Increase
Financial markets had remained relatively resilient despite a number of significant events during the month. These included: heightened geopolitical tensions in Russia and Ukraine, and in the Middle East; a technical default on an Argentinian public debt payment; the announcement of public support…
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Bank of England Minutes of the Monetary Policy Committee Meeting
Financial markets had remained relatively resilient despite a number of significant events during the month. These included: heightened geopolitical tensions in Russia and Ukraine, and in the Middle East; a technical default on an Argentinian public debt payment; the announcement of public support…
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Bank of England Minutes of the Monetary Policy Committee Meeting
After two decades courting Western investors and political allies, Mongolia is refocusing on foreign ties closer to home seeking to revive its economy. China’s President Xi Jinping is scheduled to arrive tomorrow in the country landlocked between his nation and Russia, as Mongolia’s economic woe…
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Mongolia Seeks Economic Lifeline With Pivot to China, Russia
After two decades courting Western investors and political allies, Mongolia is refocusing on foreign ties closer to home seeking to revive its economy. China’s President Xi Jinping is scheduled to arrive tomorrow in the country landlocked between his nation and Russia, as Mongolia’s economic woe…
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Mongolia Seeks Economic Lifeline With Pivot to China, Russia
The barrier option is now breached and the last bids around 1.3297 now gone too; Stops expected below 1.3295 as per my orderboard but no real acceleration as I type; Update: Now on 11-month lows of 1.3293. USDCHF up to 0.9112
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EURUSD finally pops 1.3300
