Economists early Wednesday will get their first peek at how the U.S. economy fared in the second quarter, an important gauge of where the country is heading after the abrupt downturn in output during the first three months of the year. Expectations are pretty robust, with economists surveyed by t…
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5 Things to Watch in Wednesday’s U.S. GDP Report
Japan’s June industrial output fell at the fastest rate since the earthquake and tsunami of March 2011 as companies slowed production to offset a build-up in inventories, clouding the outlook for the economy. The 3.3 percent month-on-month drop far exceeded the median 1.2 percent fall forecast in…
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Japan June output falls at fastest pace since March 2011 quake
According to the July 2014 bank lending survey (BLS), credit standards for all loan categories eased in net terms in the second quarter of 2014. For the first time since the second quarter of 2007, euro area banks reported a net easing of credit standards on loans to enterprises, with a net…
Traders overall have been lamenting the low volatility, low volume environment seen in 2014, but FX traders in New York have been especially downbeat, with good cause. Semi-annual central bank FX volume data, released earlier this week from the the Foreign Exchange Committees in North America, UK…
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Global foreign exchange committee data confirms low Forex turnover
French President Francois Hollande’s government may have made a housing slump worse, pushing the construction market to its lowest in more than 15 years. Housing starts fell 19 percent in the second quarter from a year earlier, and permits — a gauge of future construction — dropped 13 percent, …
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Housing Market in France in ‘Meltdown’ After Hollande Rent Caps
The Product I Gross nterior (GDP) 1 generated by the Spanish economy registered a variation the 0 , 6 % In the second Quarter 201 4 from the previous quarter 2 According to quarterly GDP advance estimate. This rate is two d écima s higher than that recorded in the previous quart…
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Spain GDP registers a variation quarterly 0.6% in the second quarter 201 4
The KOF Economic Barometer fell in July. After it had stabilized in the previous month, it now continues the downward tendency that started in February this year. The KOF Economic Barometer has fallen by 2.4 points from 100.5 in June (revised from 100.4) to 98.1. Thus the barometer is below its long…
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KOF Economic Barometer : Economic Prospects Have Deteriorated
The estimated annual CPI inflation julio 2014 is the -0.3%, According to the leading indicator produced by the INE. This indicator provides a preview of the CPI, if confirmed, would be a to decrease of fourtenth in the annual rate since in the month of June this variation was 0.1%. This reductio…
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Spanish leading indicator CPI annual variation stood at -0.3% in july
U.S regulators may relax rules that require the fastest possible execution of securities trades, potentially helping upstart trading venue IEX Group’s plans to become a full-fledged stock exchange. IEX, described in author Michael Lewis’ book “Flash Boys: A Wall Street Revolt” earlier this year …
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Upstart trading venue IEX may prompt U.S. market rule change
Today’s update on economic sentiment for the Eurozone will be closely read after yesterday’s news that the European Union decided to tighten economic sanctions on Russia. Later, two reports for the US – the ADP Employment Report and the first estimate of second quarter GDP – will draw wide attention…
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3 Numbers: Sanctions will affect EU growth, US employment, US GDP
The UBS consumption indicator climbed to 2.06 points in June from 1.80. The indicator recorded an average of 1.85 points in the second quarter. This indicates accelerated growth in private consumption compared with the first quarter, when the rise was a modest 1.2% over the previous year. Busines…
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Swiss UBS consumption indicator: significant increase in June
Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing to either cut a deal by the end of the day with “holdout” investors suing it or win more time from a U.S. court to reach a settlement. Argentine Economy Minister Axel Kicillof scrambled to New Yo…
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Time almost up for Argentina to avoid debt default
Here’s what to look for when the Federal Open Market Committee releases its policy statement at 2 p.m. today in Washington. Federal Reserve officials won’t provide new economic projections, and Chair Janet Yellen isn’t scheduled to give a post-meeting press conference. — Steady tapering: The FO…
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Fed Decision-Day Guide: QE Tapering to Inflation Debate
The topic of “which time-frame to use” on a chart is almost as old as charts themselves. Traders are constantly looking for any edge they can get, so exploring different charting options is fairly common. The truth of the matter is, I’ve seen traders make sustained profits trading 5-minute charts…
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How to Choose the Best Chart Time-Frame
U.S. markets have been remarkably calm in the wake of escalating violence around the world, whether between Israel and Hamas, or Russian proxies and Ukraine, to name but two of the planet’s hottest spots. And with every ill wind that blows, money appears to be blowing westward with ever greater f…
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US is the new Switzerland
Three months after his once-powerful hedge fund entered a guilty plea to insider trading charges, Steven A. Cohen is doing quite well. This summer, Mr. Cohen and his family rented a yacht off the Greek islands for a vacation. An avid art collector, Mr. Cohen attended Art Basel in Switzerland in J…
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Profits Soaring After Disgrace at Steven Cohen’s Hedge Fund
Yesterday saw something quite unusual in the New York trading session. The Hong Kong Monetary Authority bought $715 million (selling HKD) in the FX markets to manage its currency peg, injecting the money into the banking system (and expanding its balance sheet) to prevent HKD from rising above its…
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Is Hong Kong-US Dollar Link About To End? HKMA Buys $715 Million To Support Peg
Many Americans learned this weekend that they’ve gotten poorer. “The Typical Household, Now Worth a Third Less,” proclaimed the New York Times, citing a new study sponsored by the Russell Sage Foundation (PDF). Median wealth declined more than 35 percent from 2001 to 2013, the study found, while…
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The Hidden Reason for Americans’ Shrinking Wealth
In a month some might label dull given tepid volumes, the dollar index is doing something somewhat interesting, says JP Morgan. “It is posting four consecutive weekly advances and its largest monthly gain since January. FX volatility has failed to decline on the month for only the second time t…
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5 Strategies To Play The FX Markets Right Now – JP Morgan
