The comprehensive assessment, which consists of an asset quality review and stress tests of bank balance sheets, is not yet completed. No final results have been sent to banks involved. The results will not be final until they are considered by the Governing Council of the European Central Bank on…
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ECB: Statement about media reports ahead of comprehensive assessment results
The following are the expectations for today’s BoC policy meeting as provided by the economists at Bank of America Merrill Lynch, Nomura, Credit Suisse, and other major banks. BofA:We expect the BoC to leave rates on hold, maintaining a neutral stance. Since the last interest rate decision, inf…
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What To Expect From BoC? – BofA, Barclays, Nomura, & Others
Austria’s Erste Bank rejected a report that it was one of at least 11 banks that had failed the European Central Bank’s landmark health check, while other banks named by Spanish newswire Efe did not comment. Efe said Erste, along with banks from Italy, Belgium, Cyprus, Portugal and Greece, had …
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Austria’s Erste denies report it has failed stress tests
Stress test is certainly the right word. This weekend — on Sunday to be precise — the European Central Bank will release the results of its audit of the European banking system. It is, however, the markets that are likely to end up as least as stressed as the banks under examination. The ECB is …
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Europe’s stress tests could lead to more bank bailouts
JBIC Watanabe, who is close to BOJ Gov Kuroda, says Japan will not intervene to defend Yen levels
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JBIC Watanabe: Japan will not intervene to defend Yen levels
Bank of England officials split for a third month on whether to increase the key interest rate as a majority saw increased risks from a slump in the euro-area economy. Minutes of the Monetary Policy Committee’s Oct. 7-8 meeting published today showed Martin Weale and Ian McCafferty wanted to inc…
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BOE Splits on Rate as Majority Sees Mounting Euro-Area Risk
Ilana Weinstein is a recruiter, a talent scout if you will, for hedge funds and other masters of our financial universe. As such, she has a pretty unique perch from which to view not only markets but the players within them and what they do to put points on the board. And after the volatility th…
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‘Vanilla Long’ Trades May Be Going Way of Vanilla Ice
Ilana Weinstein is a recruiter, a talent scout if you will, for hedge funds and other masters of our financial universe. As such, she has a pretty unique perch from which to view not only markets but the players within them and what they do to put points on the board. And after the volatility th…
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‘Vanilla Long’ Trades May Be Going Way of Vanilla Ice
The following are the intraday outlooks for EUR/USD, EUR/JPY, SP500, and Crude Oil as provided by the technical strategy team at SEB Group. EUR/USD: Topside failure and supply shown. The market went for a +1.2845 break when more euro-negative views hit the wires. The U-turn & low session close …
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Intraday Outlooks For EUR/USD, EUR/JPY, SP500, Oil – SEB
Currency wars are back, though this time the goal is to steal inflation, not growth. Brazil Finance Minister Guido Mantega popularized the term “currency war” in 2010 to describe policies employed at the time by major central banks to boost the competitiveness of their economies through weaker c…
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Currency Wars Evolve With Goal of Avoiding Deflation
“too early to say” on more ECB measures; ECB’s gov council member and Belgian central bank head Luc Coene quoted in L’Echo newspaper and on the wires a few moments ago; EURUSD posted 1.2740 but back to 1.2735; We haven’t talked about it seriously yet, but it is an element that has alre…
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ECB’s Coene says there is “no concrete proposal” on corp bond buying
Stocks are rallying again on Tuesday, rebounding sharply after a couple of shaky weeks to start October. And while the move in stock indexes grab the most headlines, most of the big action over the last few weeks has happened in the bond and currency markets. And some of the biggest, or at le…
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Hedge Funds Were Caught On The Wrong Side Of Two Big Trades Last Week
Throughout this 3-part article series, we are going to explore three different trading strategies, the market conditions they work best in, and how we can automate these strategies to run on our accounts for free. This first article we begin by looking at a breakout strategy that uses the…
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Free Automated Strategies (1 of 3): Trading Breakouts
Today’s Bank of England minutes for the previous monetary policy committee meeting are expected to strengthen the view that the first interest rate hike for Britain won’t arrive until deep into 2015 at the earliest. Later, the crowd will be looking for more evidence that the US housing recovery …
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3 Numbers: Dovish bias expected in BoE minutes, US mortgages, US CPI
The boss of the corporate regulator says Australia is too soft on corporate criminals and increased civil penalties including more jail terms are needed. The Australian Securities and Investments Commission chairman, Greg Medcraft, told journalists at a Walkley Foundation function that “Australia…
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Australia a paradise for corporate crooks says regulator
Treasuries fell after a report showed existing home sales rose to their highest level in a year, indicating the U.S. economy is still improving amid slowing global growth. The benchmark 10-year note yield increased as prospects for additional stimulus from the European Central Bank boosted equiti…
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Treasuries Decline as U.S. Home Sales Increase to One-Year High
The return of market volatility sent the S&P 500 to a low of 1,820 last Wednesday, down 9.8% from its September 19 all-time high of 2,019. There certainly hasn’t been a shortage of concerns. The global economy has been slowing, commodity prices have been plunging, geopolitical tensions have been …
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Traders Say Three Changes Have Sent The Stock Market Surging Back
USD/JPY has held where it should have and oscillators are back at the bottom of their range and stabilizing, says Goldman Sachs. “Interestingly, the similarities to Jan./Feb. continue to persist. Both periods saw a bearish key day reversal at the trend highs, a period of consolidation, an event…
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USD/JPY: Keep A Close Eye On Long-Term Set-Up – Goldman Sachs
Spare a thought for Warren Buffett, who lost nearly $1 billion on IBM on Monday and another $1 billion on Coke on Tuesday. On Monday Buffett lost nearly $1 billion on his third-largest investment, IBM , after the company posted disappointing earnings. On Tuesday, Coca-Cola did the same thing ,…
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Warren Buffett just lost ANOTHER $1bn on this
Chinese Premier Li Keqiang has an insider’s knowledge on the strength of the world’s second-largest economy that helps him determine when stimulus is needed. He’s about to share part of the secret. Li has said several times this year that slower growth is tolerable as long as enough jobs are crea…
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China to Let World in on Gauge Showing State of Economy
