For Portugal, the Espirito Santo family’s fall from grace has provided a rare peek into the nation’s more-than-a-century-old banking dynasty. The family that zealously guards its privacy was thrown into the spotlight when in a matter of days in July three of Banco Espirito Santo SA’s parent comp…
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Espirito Santo Family’s Swift Fall From Grace Jolts Portugal
•the date of lift off has been moved forward •if numbers continue to show this good behaviour then would expect just a little bit earlier liftoff •says he feels less at odds with his colleagues •doesn’t hear much talk anymore about risk of deflation
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Fed’s Fisher says things are better, moving in the right direction
Manufacturing PMI at Lowest Level on the Year …
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Soft UK Manufacturing PMI Drags GBP/USD Below Key Trendlines
We just launched an improved header for the website! The new design increases above-the-fold content and makes the most important links accessible from any screen. The header increases above-the-fold content (i.e., content shown on the initial screen) by 80 pixels, which may not seem like much, but…
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FF Blog: Website header redesigned
The following are the expectations for today’s US July jobs report as provided by the economists at Goldman Sachs, Bank of America Merrill Lynch, Credit Suisse, Morgan Stanley, and other leading banks. Goldman Sachs: Change in Nonfarm Payrolls (Jul): 235K; Unemployment Rate (Jul): 6.00%. D…
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What To Expect From NFP? – Views From Goldman & 10 Other Banks
The popular dollar-yen trade, which has fallen out of favor in the recent months, is coming back in vogue, say strategists, driven by the increasingly divergent performance of the U.S. and Japan economies. The greenback surged to a four-month high of 103.15 yen on Wednesday amid signs of a res…
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Is dollar-yen on the verge of a breakout?
U.S. job growth likely cooled a bit in July, but retained enough momentum to suggest the economy remained on solid ground. Nonfarm payrolls probably increased by 233,000, according to a Reuters survey of economists. That would be a pull back from June’s hefty 288,000 job gain and the monthly aver…
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U.S. job growth seen slowing, but remaining solid in July
U.K. manufacturing grew at the slowest pace in a year in July as a cooling in new orders and output ended the first half’s “stellar growth spurt,” Markit Economics said today. An industry index slipped to 55.4 from a revised 57.2 in June, the London-based data provider said. Economists forecast …
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U.K. Factory Growth at Weakest in a Year Ends ‘Stellar Spurt’
The German national anthem, with its refrain of “Deutschland über alles,” says it all. Written in the 19th century to promote creation of a united Germany from numerous sovereign statelets, “Germany above all” is out of step with the 21st-century country that is the anchor of a much larger unifie…
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In euro policy, it really is ‘Germany above all’
Italy‟s manufacturing sector continued to grow at the start of the third quarter, but the pace of expansion was the slowest seen so far this year. Latest increases in ou tput and new orders were the weakest in eight months, while jobs growth was the slowest since March. July‟s surv…
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Italian Manufacturing PMI dips to eight – month low as upturn shows signs of easing
Spanish manufacturing business conditions improved again during July, although rates of expansion in output and new orders eased from the previous month. Firms continued to increase their staffing levels and raised their stocks of purcha ses for the first time since September 2007 amid positi…
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Spanish Output growth remains solid, despite easing from June’s 50 – month high
If you’re a new trader, Pivot Points could very well be your best friend as far as identifying levels to develop a bias, place stops, and identify potential profit targets for your trade. Pivot points are not a new tool and have in fact been a go-to for traders that traded in the pits for decades….
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A Simple Guide to Trading With Pivots a Directional Market
A new survey by Japan’s health ministry shows that Japan’s younger people are overworked and more exhausted than their elders. Here are the highlights in three charts: 1. Young adults are unhappier than older people. Japanese between the ages of 20 and 39 rated their happiness at 6.03 out of 10,…
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Japan’s Unhappy, Overworked Young People in 3 Charts
Preliminary estimates for July indicate that the index declined by 0.9 per cent (on a monthly average basis) in SDR terms, after declining by 2.2 per cent in June (revised). The largest contributors to the decline in July were falls in the prices of iron ore, oil and wheat. The base metals subindex…
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RBA Index of Commodity Prices: July 2014
Joseba Prieto de las Heras thought a master’s degree would enable him to earn more. Spain’s labor market decided otherwise, forcing him to accept a position that pays half as much as a student job he had a few years earlier. He’s been managing digital marketing and Web design since January for an…
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Falling Wages in Southern EU Vex Draghi as Youth Punished
Argentina’s debt default threatens to worsen trade tensions in South America, adding to the economic woes of Brazil in a tense election year and causing headaches in Uruguay as the Argentine economy looks likely to plunge deeper into recession. Brazilian exporters of goods ranging from shoes to …
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Argentine default to hit Brazil factories, Uruguay resorts
Today’s data calendar has plenty of items, beginning from the final purchasing manager indices in Asia and Europe, and a flurry of US data, most notably the July employment report. While the European data is usually interesting, the fast moving Ukrainian crisis lessens the value of the indicators,…
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3 Numbers: US fears wage spirals – US personal income & manufacturing
Dollar bulls took a breather on Friday ahead of a closely watched jobs report that has the potential to make or break a rally that saw the greenback post its best monthly performance in over a year. The dollar index was steady at 81.479, having risen 2.1 percent in July to a 10-1/2 month peak of …
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Dollar pauses near 10-month high ahead of U.S. jobs data
It is my great honor to have the opportunity to address you today at the Naigai Josei Chosa Kai. In April last year, the Bank of Japan introduced quantitative and qualitative monetary easing (QQE) to achieve the price stability target of 2 percent at the earliest possible time, with a time h…
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Kuroda: Japan’s Economy: Achieving 2 Percent Inflation
Job Description: The Audit Function assists the Bank’s Board of Directors and senior management in the effective discharge of their fiduciary responsibilities by assessing the adequacy and effectiveness of the controls within Bank business areas over (1) financial reporting, (2) effectiveness and…
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Thursday Humor: The Fed Is Hiring
