With a number of bogus websites attempting to dupe customers, Alpari issues a public warning to potential investors to clarify no connection between itself and the array of sites. British concern over a practice which has become increasingly common is growing, as Alpari’s UK division has issued a…
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Alpari UK Warns of Unauthorized Clone Websites
The game of anticipating when the Bank of England will start raising interest rates is in play again today with the update on consumer price inflation for the UK. In the US, the focus will turn to the housing sector, which has been wobbly lately. Today’s update on new residential construction will…
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3 Numbers: BoE set on rate rise — US chain stores, housing starts
A bipartisan group of lawmakers on Monday urged the Federal Reserve to restrict its crisis lending programs for big banks, which were criticized as bailouts during the 2007-2009 meltdown. During the crisis, the Fed invoked its emergency lending powers to pump cash into Citigroup, Morgan Stanley …
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Lawmakers slam Fed’s crisis lending proposal
Australians once rioted against Chinese migrants attracted by a 19th-century gold rush. Sydney’s sole casino now depends on the city’s Asian ties for high-rollers who provide almost a third of its sales. Echo Entertainment Group Ltd. (EGP) is considering buying a golf course for a resort south of…
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Golf, Private Jets: How Australia’s Casinos Woo Chinese
The labour force participation rate in the US has fallen dramatically since 2007. This column traces this decline to three main factors: the ageing of the population, cyclical effects from the Great Recession, and an unexplained portion, which might be due to pre-existing trends unrelated to the…
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The decline in the labour force participation rate in the United States
Speculative net euro short positions are deemed at extended levels, the lions’ share of the market is a euro bear and the euro can not seem to move lower and yet none of these things has resulted in a euro short squeeze, traders said. While the euro is not going down to the degree that the mark…
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Even With Extended Positions No Euro Short Squeeze – Analysts
The record $3.5 trillion stockpiled in U.S. fixed-income funds is raising the specter the bond market will buckle under the strain of redemptions once interest rates rise. Simple math suggests there’s little need to worry. While fund assets have almost doubled since the financial crisis, their si…
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Bond Liquidity Risk in $3.5 Trillion Funds Defused by Cash
The record $3.5 trillion stockpiled in U.S. fixed-income funds is raising the specter the bond market will buckle under the strain of redemptions once interest rates rise. Simple math suggests there’s little need to worry. While fund assets have almost doubled since the financial crisis, their si…
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Bond Liquidity Risk in $3.5 Trillion Funds Defused by Cash
As central bankers, economists, finance ministers and other officials from around the globe get set to gather at Jackson Hole, Wyo., this coming Thursday, the world’s largest economy is coming off the best six-month run of job gains since early 2006. It’s fitting then that the Federal Reserve Ban…
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When Packing for Jackson Hole, Include These Economic Reports
As central bankers, economists, finance ministers and other officials from around the globe get set to gather at Jackson Hole, Wyo., this coming Thursday, the world’s largest economy is coming off the best six-month run of job gains since early 2006. It’s fitting then that the Federal Reserve Ban…
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When Packing for Jackson Hole, Include These Economic Reports
What do an alien love story and the card game baccarat have in common? They’re helping to attract record numbers of Chinese tourists to South Korea — a boon for the $1.3 trillion economy and a stock market enjoying its third year of gains. Visitors from China rose 54 percent to 2.7 million in th…
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How China’s Love for Alien TV Comedy Lifted Kospi Stocks
Bearish Trend, RSI at 60: EUR/GBP has been bearish since August 2013, from a high of 0.8769. After a year later, we are seeing the EUR/GBP consolidate. after a low of about 0.7875. Traders ended last week holding the pair below a previous resistance pivot at 0.8033. The RSI was also held up at 60….
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EUR/GBP Setting Up for Bearish Continuation
Tom Conheeney, the longtime president of SAC Capital and top lieutenant to founder Steve Cohen, is stepping down Monday from the No. 2 spot at the former hedge fund’s successor company, Point72, a company insider said. Conheeney will be replaced as president by Douglas Haynes, a former McKinsey e…
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Steve Cohen is losing his top lieutenant
You can’t make markets move if they don’t want to and while there were massive ructions in stocks and bonds overnight currency traders in the big pairs really did very little. Certainly the Euro reversed a little of its recent pickup but it is still in this indeterminant period where it is either…
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Stocks roar, bonds tank and currency traders, well….sleep
Already from 5th of August the New Zealand’s currency has been trading below the 0.85 level and it has tried to surpass this level repeatedly; although, unsuccessfully. As the daily technical indicators are bearish a decline below the weekly PP at 0.8468 is likely. Also the pair’s failures around 0…
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NZD/USD touches 0.85 level
With the labor market supposedly improving, will the Federal Reserve this week address how the “new economy” is changing the way the Fed evaluates the labor market? Recent speculation about what the Fed will do as a result of the improving U.S. macro data and the timing of possible rate increases…
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What traders expect from the Fed this week
Forget Christmas in July. For the stock market, it’s looking like the holidays came in August. The Dow is on track for its best month since February. It’s already up over 1.5% in August. And it’s not just “blue chip” American stocks in the Dow that are doing well. The Nasdaq, which is loaded w…
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Stock market surges, sending Dow up 1%
Consumer price inflation is expected to float below the official target of 2% until the third quarter of 2017, according to Bank of England’s (BoE) August Inflation Report medium-term forecasts. The rate of Consumer Price Index (CPI) inflation in Britain remains subdued partly due to sterling’s s…
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UK inflation to ease in July amid BoE’s wage growth conundrum
Consumer price inflation is expected to float below the official target of 2% until the third quarter of 2017, according to Bank of England’s (BoE) August Inflation Report medium-term forecasts. The rate of Consumer Price Index (CPI) inflation in Britain remains subdued partly due to sterling’s s…
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UK inflation to ease in July amid BoE’s wage growth conundrum
I personally don’t believe in the “max. pain” theory of pinning, seeing it as an illusion instead. Here’s why: Except for a very few traders who are using ITM options as a means of entering or exiting a stock trade, everyone else has generally exited their ITM options prior to expiration day. …
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Option Open Interest Effects On Expiration Price Pinning: Is It Real?
