The U.S. dollar held below a 10-month peak against a basket of major currencies early on Thursday, having soared at first on upbeat growth data only to have a dovish Federal Reserve take some steam out of the rally. The dollar index last traded at 81.422 .DXY after rising as far as 81.545 – a hig…
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Dovish Fed takes edge off dollar rally
With the USD taking the limelight this week because of all the economic reports from the world’s largest economy, the EUR/CHF may not be on many people’s radars. But the forgotten currency pair could be among the non-USD pairs worth watching closely going forward because today it has taken out a…
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EUR/CHF: the forgotten FX pair could make a spectacular comeback
With the USD taking the limelight this week because of all the economic reports from the world’s largest economy, the EUR/CHF may not be on many people’s radars. But the forgotten currency pair could be among the non-USD pairs worth watching closely going forward because today it has taken out a…
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EUR/CHF: the forgotten FX pair could make a spectacular comeback
July sees Consumer Confidence drop for the first time in six months GfK’s UK Consumer Confidence Index has decreased three points this month to -2. All five measures used to calculate the Index Score saw decreases this month. Nick Moon, Managing Director of Social Research at GfK, comments: …
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July sees Consumer Confidence drop for the first time in six months
July sees Consumer Confidence drop for the first time in six months GfK’s UK Consumer Confidence Index has decreased three points this month to -2. All five measures used to calculate the Index Score saw decreases this month. Nick Moon, Managing Director of Social Research at GfK, comments: …
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July sees Consumer Confidence drop for the first time in six months
If the overdue interest on Argentina’s dollar-denominated securities due 2033 isn’t paid by July 30, provisions in bond indentures known as cross-default clauses would allow the nation’s other debt holders to also demand their money back immediately. The amount corresponds to Argentina’s debt…
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Argentina Defaults
If the overdue interest on Argentina’s dollar-denominated securities due 2033 isn’t paid by July 30, provisions in bond indentures known as cross-default clauses would allow the nation’s other debt holders to also demand their money back immediately. The amount corresponds to Argentina’s debt…
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Argentina Defaults
I’m short Euro so you can accuse me of talking my book but it is time for the US dollar to break out and break out big time. Last night’s GDP surge to 4% annualised in Q2 was just another sign that the US economy is on a very different trajectory to that of Europe. Indeed even though data is star…
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After Q2 GDP surged to 4% it’s time for a huge rally in the US dollar
I’m short Euro so you can accuse me of talking my book but it is time for the US dollar to break out and break out big time. Last night’s GDP surge to 4% annualised in Q2 was just another sign that the US economy is on a very different trajectory to that of Europe. Indeed even though data is star…
See the rest here:
After Q2 GDP surged to 4% it’s time for a huge rally in the US dollar
The Republican-led U.S. House of Representatives on Wednesday cleared the way for the launch of a lawsuit accusing President Barack Obama of overstepping his authority in carrying out his landmark healthcare reform law. The 225-201 vote, along party lines, to authorize the suit will allow House l…
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House Republicans vote to sue Obama over healthcare law
BREAKING: Mediator says Argentina didn’t reach an agreement with holdouts.
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Mediator says Argentina didn’t reach an agreement with holdouts.
Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors suing it and avert a default, as a surge in the country’s bond prices fed optimism that an agreement was possible. The South American country’s economy minister, Axel Kicillof, was expecte…
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Argentina debt talks down to the wire as default looms
Snapchat said in May it was adding an option for users to chat with text, joining an increasingly crowded mobile-messaging market that also attracted Facebook. The social network agreed to pay about $19 billion for WhatsApp Inc. in February. U.S. Forays Alibaba, China’s biggest e-commerce co…
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Snapchat Said in Funding Talks With Alibaba at $10b Value
BREAKING
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Argentina downgraded to Selective Default (SD) from CCC- at S&P
With the USD taking the limelight this week because of all the economic reports from the world’s largest economy, the EUR/CHF may not be on many people’s radars. But the forgotten currency pair could be among the non-USD pairs worth watching closely going forward because today it has taken out a…
See the rest here:
EUR/CHF: the forgotten FX pair could make a spectacular return
A federal judge has ordered Bank of America to pay nearly $1.3 billion in penalties for its role in defrauding Fannie Mae and Freddie Mac into buying thousands of defective mortgages. The penalty handed down by Judge Jed S. Rakoff of the Federal District Court in Manhattan on Wednesday comes aft…
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Bank of America Ordered to Pay Nearly $1.3 Billion in Mortgage Case
A federal judge has ordered Bank of America to pay nearly $1.3 billion in penalties for its role in defrauding Fannie Mae and Freddie Mac into buying thousands of defective mortgages. The penalty handed down by Judge Jed S. Rakoff of the Federal District Court in Manhattan on Wednesday comes aft…
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Bank of America Ordered to Pay Nearly $1.3 Billion in Mortgage Case
The Federal Reserve on Wednesday said the economy is getting better and that risks of deflation are disappearing, but it did not signal any intent to hike rates sooner than next summer. The U.S. repeated that it expects the lift off to come a “considerable time” after the end of its bond-buying p…
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Fed talks up economy but gives no hint of earlier rate hike
The Federal Reserve said slack in the labor market persists even as the economy is picking up, and it continued to trim monthly asset purchases that have pumped up its balance sheet to a record $4.41 trillion. “A range of labor-market indicators suggests that there remains significant underutiliz…
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Fed Sees Labor-Market Slack Even as It Trims Bond Purchases
Goldman Sachs is helping a California teenager battling cancer live out his dream of being an investment banker. Last December, Terry “Tre” Grinner, 17, was diagnosed with Hodgkin’s Lymphoma. His mom wrote a letter to the Make-A-Wish Foundation–a national children’s charity that grants wishes of…
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Goldman Sachs Is Granting A Teen Cancer Patient’s Wish To Be An Investment Banker For A Week
