There will certainly be some twitchy fingers within the Bank of England monetary policy committee (MPC) and members are expecting rates to increase within the next few months. Signs of economic divergence make underlying trends even harder to read and there is no compelling reason for an immediate…
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Bank of England preview: Divergence and division
At least Wall Street avoided another scary sell-off. Stocks inched just fractionally higher on Wednesday, shaking off early jitters caused by more trouble overseas. 1. Retreat mode? Just a few weeks ago the S&P 500 appeared to be on a path to break through the 2,000 mark for the first time ev…
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Stocks eke out tiny gains
It might be the market’s most persistent mystery this year: If the economy is improving, and the Federal Reserve is pulling back on stimulus, then why are bond yields still so low? For Lawrence McDonald of Newedge, the answer is simple: The first assumption, that economic growth is accelerating, …
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Yields are sending a disturbing message: Bond pro
It seems like a long time ago when the NZD/USD was pressing against the 2011 peak of around 0.8800/40. A verbal intervention from the RBNZ was enough to shoot it down by a few hundred pips from there, and the Kiwi was pressured further by continued falls in New Zealand’s dairy prices. But with…
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NZD/USD: down but not broken…yet
A once esoteric corner of the stock market —- “order types” —- has taken center stage the past few years in the debate about the health of the market, the role of high-speed traders in it and how stock exchanges interact with clients. A big reason for the scrutiny: Order types in many ways stand …
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How One Whistleblower Turned the Tables on High-Frequency Traders
U.S. and European Union sanctions against Russia threaten to hasten a move away from the dollar that’s been stirring since the global financial crisis. One place the shift has become evident is Hong Kong, where dollar selling has led the central bank to buy more than $9.5 billion since July 1 to …
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Russia Sanctions Accelerate Risk to Dollar Dominance
How much debt the U.S. government needs to issue to the market beyond 2015 depends in large part on the Federal Reserve, according to a report released by the Treasury Department on Wednesday. The U.S. central bank is now, as part of its massive bond buying program, known as QE3, reinvesting prin…
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Fed looms as major factor in Treasury borrowing outlook
BREAKING
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Chatter of a fat finger in USDJPY futures… 3.3yards USD… 20% of daily volume… oops
USD index moves lower in the last few minutes on no new fundamental news, as such all pairs against the greenback taking an extended move higher (EUR/USD, GBP/USD…) with stops in USD/JPY tripped on the break of 102.00 to the downside
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USD moves lower in the last few minutes on no new fundamental news
The Bank of England has lost its second senior regulator in three days, accelerating the brain drain at the 320-year-old institution. The Bank announced the resignation of Julian Adams, executive director for insurance supervision, who will leave Threadneedle Street following 28 years as a City r…
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Senior Bank of England regulator leaves to join Prudential
The celebration of the second quarter growth “rebound” to 4 percent will be short lived as Thursday’s brisk stock market sell-off has already signaled. The headline number’s strength exaggerates the growth pace. It would be dangerous if it speeds up Fed tightening as Philadelphia Fed President…
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Don’t Be Fooled: The Fed’s Exit Won’t Be Easy
Last week we noted Russia was considering banning fruit from Europe (as well as various other sanctions retaliations) but this morning Vladimir Putin has come out swinging by signing ‘a decree on countermeasures to Western sanctions’: *PUTIN BANS FOOD IMPORTS FROM COUNTRIES SANCTIONING RUSSIA…
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Putin Orders Ban On All Food Imports From Sanctioning Countries For A Year
Britain’s economy grew at its slowest pace in a year in the three months through July due to virtually flat industrial output, the National Institute of Economic and Social Research said on Wednesday. The think tank estimated gross domestic product rose 0.6 percent between May and July, from the …
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UK economic growth slows in May-July: NIESR
The United States will buy back debt in the coming quarter for the first time since 2002 to make sure its computer infrastructure is adequate for any future buyback operations, the U.S. Treasury said on Wednesday. The Treasury also said it was holding steady borrowing amounts for two- and three-y…
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U.S. Treasury to conduct test bond buyback operations
Our monthly estimates of GDP suggest that output grew by 0.6 percent in the three months ending in July after growth of 0.8 percent in the three months ending in June 2014. This implies an annual rate of growth of around 3 per cent. While the economy regained its pre-recession size recently, a sig…
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NIESR Estimates of Monthly UK GDP
Last week, U.S. equities dropped 2% to 3%, depending on what index you monitor. That had the financial columns full of crash warnings about the coming plunge. Now to be fair, we have seen these headlines for a while now, so it’s not like they just suddenly began to appear, but the fact that there…
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How you’ll know if it’s time for a market crash
BREAKING
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Ukraine to react if Russia sends peacekeeping mission: Zubko
The trade deficit in the U.S. unexpectedly narrowed in June, reflecting the biggest drop in imports in a year as the economy moved closer to energy independence. The gap shrank 7 percent to $41.5 billion, the smallest since January, from May’s $44.7 billion, Commerce Department figures showed to…
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Trade Deficit in U.S. Unexpectedly Shrinks to Five-Month Low
Canada’s merchandise exports rose 1.1% in June, while imports declined 1.8%. As a result, Canada’s trade surplus with the world widened from $576 million in May to $1.9 billion in June. Exports increased to a record high $45.2 billion, led by metal and non-metallic mineral products, consumer goods,…
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Canadian international merchandise trade, June2014
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total June exports of $195.9 billion and imports of $237.4 billion resulted in a goods and services deficit of $41.5 billion, down from $44.7 billion in May, revised. June exp…
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US International Trade in Goods and Services: June 2014
