Bank of England Governor Mark Carney is facing scrutiny on the management of Britain’s payments system after the biggest disruption in at least seven years delayed bank transfers and house purchases. Carney announced a “thorough, independent” review late yesterday after the BOE had to shut down …
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Carney Faces Scrutiny on Worst U.K. Payments Outage Since 2007
Exports from Switzerland rose by a real 2.2 percent in September to 17.5 billion Swiss francs, the Federal Customs Office said on Tuesday. Overall Switzerland ran a merchandise trade surplus of 2,452 million Swiss francs in September. KEY FIGURES (millions of Swiss francs) Sep 2014 Au…
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Swiss trade surplus widens to 2.5 bln sfr in Sept
DMM FX Australia, a Japanese owned ASIC regulated broker, has announced the launch of its own binary options trading platform. Unlike the SpotOption and Tradologic solutions that allow traders to choose different timeframes, DMM FX platform offers fixed expiry time of 3 minutes and 3 payout ratios,…
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DMM FX Australia launches a unique binary options platform
It’s a light day for scheduled economic reports in Europe, but the US retail and housing sectors are in focus with the release of weekly store sales data and the monthly update on existing home sales. Meanwhile, keep an eye on the sinking 10-year yield on German bonds as Berlin persists in pushing…
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3 Numbers: US store sales concerns, US home sales, German bond yields
Asian stocks crept up on Tuesday as investors took solace from data showing the Chinese economy grew slightly more than expected in the third quarter, calming fears of a deepening slowdown in the world’s second-largest economy. China’s economy grew 7.3 percent between July and September from a ye…
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Asian shares crawl higher on China GDP relief
Markets are reacting badly to Greek plans to exit its bailout program early. Uncertainties are being heightened by the prospect of early general elections. The end-result has been a sharp sell-off in Greek sovereign bonds, which has raised fresh concerns about the potential for spillover from Greek…
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Will New Greek Drama Threaten European Periphery?
One of my little obsessions is the social relationship of insider trading. Insider trading is so dumb, and can send you to jail for so long, and pretty much requires an accomplice. How do you decide whom to trust with something so momentous, and so dumb? Some people — a lot of people actually –…
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Herbalife Trader Sued for Insider Trading Sues SEC Right Back
We expect the AUD to remain a buy on dips, at least from a short-term perspective. This is mainly due to the view that risk sentiment will improve in the weeks to come and as there is little scope of changing RBA monetary policy expectations. Data wise investors’ focus will shift to Wednesday’s…
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Buy AUD On Dips – Credit Agricole
China’s economic growth beat analysts’ estimates as the government eased property restrictions and expedited spending. Gross domestic product rose 7.3 percent in the July-September period from a year earlier, the statistics bureau said today in Beijing, compared with the 7.2 percent median estima…
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China’s Economy Grows More-Than-Estimated 7.3% in Third Quarter
US DOLLAR TECHNICAL ANALYSIS – Prices moved lower as expected after producing a bearish Dark Cloud Cover candlestick pattern. A daily close below falling channel bottom support at 10890 exposesthe 38.2% Fibonacci retracementat 10845. Alternatively, a turn above the channel top at 11044 clears the…
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US Dollar in Digestion Mode, Gold on Pace to Hit Six-Week High
China’s economic growth will slow to about 4 percent annually after 2020 following decades of rapid expansion, according to the Conference Board. China faces a “deep structural slowdown and broad uncertainty” in the decade ahead, the New York-based research group said in the report yesterday. Chi…
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China Growth May Slow Sharply From 2020: Conference Board
Is the recent crude oil selloff a sign of a coming crisis in the US energy industry? A new Citi credit research note on “The coming energy recession” suggests the possibility is there. That said, the headline is stronger than Citi credit analyst Jason Shoulp’s more nuanced position in the text…
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Wall Street’s Energy Analysts Say It’s Too Early To Panic
China may set lower gdp growth target for 2015: Bus. News
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China may set lower GDP growth target for 2015
The next level higher in EUR/USD is 38.2% of the drop since Jul. 1 st at 1.2959, notes Goldman Sachs. “Given the impulsive nature of the decline since May, and the likelihood that it’s now in its 4 th wave of a 5- wave sequence off the May high, it doesn’t seem too likely that the market will e…
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A Word Of Caution On EUR/USD – Goldman Sachs
Gough Whitlam, the only prime minister to be fired by the British monarchy’s representative in Australia after his government was mired in scandals during the 1970s, has died. He was 98. He died today, according to a statement from his family reported by the Australian Broadcasting Corp. No othe…
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Gough Whitlam, Australian Leader Fired in Office, Dies at 98
It is an interesting time in markets at the moment with the spike in volatility and the bounce in stocks – particularly the S&P 500 futures – off the 2011 trendline. But while stocks have bounced bonds, although off their lows, are signalling that something remains amiss in global markets. This i…
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Bonds and Stocks are diverging – It can’t last
The number of visitor arrivals to New Zealand in September 2014 (193,300) increased 1 percent compared with September 2013, Statistics New Zealand said today. This was the second-highest total for a September month, after September 2011 (219,900), which was boosted by people arriving for the Rugby…
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Small increase in New Zealand’s visitor arrivals
Major currencies traded in tight ranges on Monday with investors facing a dearth of new data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped boost the yen. After a week of wide currency market gyrations, investors…
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Dollar extends modest losses, volumes wane ahead of data
After FXCM and Forex.com, it’s Oanda’s turn to announce record trading volumes in September. With October 3rd being the busiest trading day ever, the Toronto headquartered forex broker has every reason to believe that the current month will be even better. OANDA, a global provider of forex and …
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Oanda reports record-breaking trading volumes and new client registrations
