Even though it was a better night for stocks in the US overnight and the Aussie dollar found a bit of a bid after the retail sales yesterday it was a fairly complex interaction of forces which saw the recently very strong correlation against all the big markets further break down with divergent…
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Stocks in The US and the Aussie dollar recover a little but Forex markets generally quiet
Even though it was a better night for stocks in the US overnight and the Aussie dollar found a bit of a bid after the retail sales yesterday it was a fairly complex interaction of forces which saw the recently very strong correlation against all the big markets further break down with divergent…
See the rest here:
Stocks in The US and the Aussie dollar recover a little but Forex markets generally quiet
Metro Property Development, founded by property identity David Devine, plans to book a $24 million profit in just over six months by selling a site to Chinese real estate giant R&F Properties. The Hong Kong-listed, Guangzhou-based R&F is in due diligence to pay $46 million, more than twice the $2…
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Chinese double real estate bet
Metro Property Development, founded by property identity David Devine, plans to book a $24 million profit in just over six months by selling a site to Chinese real estate giant R&F Properties. The Hong Kong-listed, Guangzhou-based R&F is in due diligence to pay $46 million, more than twice the $2…
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Chinese double real estate bet
All’s well that ends well on Wall Street. Stocks pushed higher Monday after a choppy morning. The Dow Jones industrial average, which was down 50 points earlier in the day, ended 76 points higher (almost 0.5%). The S&P 500 and the Nasdaq both gained 0.7%. What correction? Some investors were…
All’s well that ends well on Wall Street. Stocks pushed higher Monday after a choppy morning. The Dow Jones industrial average, which was down 50 points earlier in the day, ended 76 points higher (almost 0.5%). The S&P 500 and the Nasdaq both gained 0.7%. What correction? Some investors were…
The Bank of England said Monday that one of its top officials has quit to take up a new role as chief economist for oil and gas giant BP PLC. Spencer Dale, the BOE’s executive director for financial stability, joins BP Oct. 27 after an unspecified “cooling off period,” the central bank said. “…
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BOE’s Dale Leaves to Become BP’s Chief Economist
The Bank of England said Monday that one of its top officials has quit to take up a new role as chief economist for oil and gas giant BP PLC. Spencer Dale, the BOE’s executive director for financial stability, joins BP Oct. 27 after an unspecified “cooling off period,” the central bank said. “…
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BOE’s Dale Leaves to Become BP’s Chief Economist
An increasing number of charts point towards overall USD gains, notes CitiFX Technicals. In USD/JPY, Citi notes that it posted a bearish key day down on Friday though remains above the support levels at 102.27-33. “This is where the top of the previous triangle consolidation converges with…
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What’s Next For USD?: Levels To Watch In USD/JPY, EUR/USD, & Cable – Citi
An increasing number of charts point towards overall USD gains, notes CitiFX Technicals. In USD/JPY, Citi notes that it posted a bearish key day down on Friday though remains above the support levels at 102.27-33. “This is where the top of the previous triangle consolidation converges with…
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What’s Next For USD?: Levels To Watch In USD/JPY, EUR/USD, & Cable – Citi
The world’s major currencies, which had traded in a relatively stable range, are now in motion — buffeted by different regional growth and interest rates as well as a simmering brew of geopolitical tensions. Differences are particularly noticeable between the U.S. and Europe, and how far apart c…
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Why Currencies Are Poised for More Shifts
Banks are seeing broad-based demand for loans but are not altering their standards in a major way, a Federal Reserve survey released Monday showed. The survey of 75 domestic and 23 foreign banks operating in the U.S. shows that banks are responding by continuing to slowly ease standards for various…
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Banks see rising demand for loans
At the time of this writing, gold has relinquished about half of the gains it made on Friday. Today the yellow metal is weighed down by a slightly stronger US dollar and apparently weaker demand for safe havens as equities have been relatively stable following a two-day slide at the end of last week…
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Gold undermined by dollar, techs suggest possible bounce
The July 2014 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. This summary is based on the responses from 75 domestic banks and 23 U.S. branches and…
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The July 2014 Senior Loan Officer Opinion Survey on Bank Lending Practices
Banks are still reticent about making new loans more than five years into the U.S. economic recovery, suggesting business borrowing remains relative costly despite the Federal Reserve’s prolonged policy of low interest rates. Those are the findings of a new study from the San Francisco Fed, which…
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Bank Lending Still Tight, S.F. Fed Study Finds
In the last few months, I have had a strange and interesting experience. In early April, I found myself the main character in Michael Lewis’s book “Flash Boys.” It told the story of a quest I’ve been on, with my colleagues, to expose and to prevent a lot of outrageous behavior in the U.S. stock…
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‘Flash Boys’ and the Speed of Lies
Incoming European Commission President Jean-Claude Juncker played down on Monday the option of an outright writing off of part of the euro zone loans to Greece to make the country’s debt more manageable. But in his first visit since being elected to lead the Commission, he praised Greece as an ex…
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EU’s Juncker plays down outright Greece debt writeoff
Investors may be underestimating the pace at which the Federal Reserve will raise interest rates over the next two years, said Jeffrey Lacker, president of the Federal Reserve Bank of Richmond. Short-term interest-rate markets have for months priced in a slower tempo of increases than policy mak…
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Lacker Fed May Raise Rates Faster Than Investors Expect
Former Bank of England governor Mervyn King has warned European banks are facing a “last chance” to convince financial markets they are solvent as a rescue plan was launched for Portugal’s Banco Espirito Santo. …
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Mervyn King: ‘Last chance for European banks to restore their credibility’
As you stroll downtown this civic holiday, taking in the festivities festooning the streets, spare a few steps for the man after whom your day off is named, Col. John By. In 1832, the British Army engineer completed the Rideau Canal, linking Kingston to what was to become Ottawa. It had taken six…
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Ottawans owe Col. John By a salute on this civic holiday
