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
Asian shares were subdued while the dollar held steady near an eight-month high against the euro on Wednesday, as investors awaited key U.S. data as well as a U.S. Federal Reserve meeting that some believe might result in a more hawkish policy outlook. The Fed’s two-day policy meeting will conclu…
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Asian shares sluggish, dollar holds firm before Fed
Asian shares were subdued while the dollar held steady near an eight-month high against the euro on Wednesday, as investors awaited key U.S. data as well as a U.S. Federal Reserve meeting that some believe might result in a more hawkish policy outlook. The Fed’s two-day policy meeting will conclu…
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Asian shares sluggish, dollar holds firm before Fed
New York’s banking regulator is seeking to place government monitors in the U.S. offices of Deutsche Bank AG and Barclays Plc as part of its investigation into the foreign-exchange market, a person familiar with the matter said. The New York Department of Financial Services was pushing to install…
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NY regulator wants monitors in Deutsche Bank, Barclays – source
New York’s banking regulator is seeking to place government monitors in the U.S. offices of Deutsche Bank AG and Barclays Plc as part of its investigation into the foreign-exchange market, a person familiar with the matter said. The New York Department of Financial Services was pushing to install…
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NY regulator wants monitors in Deutsche Bank, Barclays – source
It is going to be a huge 24 hours with the release of the advance estimate of US Q2 GDP and the FOMC decision. Looking first at the GDP – which is going to a monster number for the Euro – the market is expecting an annualised outcome of a massive 3% for Q2 according to the FX Street economic cale…
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Euro and Aussie drift as the US dollar strengthens but GDP and FOMC are huge hurdles
In June 2014, building consents were issued for: 1,950 new dwellings, including apartments 197 apartments, including 61 retirement village units 1,753 non-apartment dwellings. The seasonally adjusted number of new dwellings consented, excluding apartments, rose 2.9 percent. Th…
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New Zealand Building Consents Issued
The New Zealand Dollar continues to fall against its US counterpart in the aftermath of the RBNZ interest rate decision, overturning the year-to-date uptrend. A daily close below support at 0.8443, the 50%Fibonacci retracement, exposes the 61.8% level at 0.8350.Alternatively, a reversal above the 38…
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NZD/USD Technical Analysis: Year-to-Date Uptrend Broken
U.S employment growth likely retained enough momentum in July to help buoy the economy for the rest of the year. Nonfarm payrolls probably increased by 233,000 this month, according to a Reuters survey of economists. That would be a step down from June’s hefty increase of 288,000 jobs and the mon…
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U.S. seen maintaining solid pace of jobs growth in July
There is an old parable known as “the blind men and the elephant.” In this story, there are four blind men who are asked to determine what an elephant looks like. The first blind man feels the leg of the elephant and says, “The elephant is like a tree because it is large and round like a pillar.” …
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The Blind Traders and the Market
You don’t have to look too far to find news about how everything is going to hell in hand basket. Right here in the United States, things are so bad that Congress has become public enemy number one, corporate rights are treading on human rights, and the economy, as far as anyone can tell, is still…
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The Everything Bubble: Seems We’re All Doomed and No One Knows Why
The U.S. dollar hit fresh eight-month highs against the euro on Tuesday and advanced against the yen and Swiss franc on expectations for positive U.S. economic data and a potentially more hawkish tone from the Federal Reserve. Analysts said the Fed, which is expected to cut its monthly bond-buyin…
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Dollar gains on outlook for hawkish Fed, strong U.S. data
It’s not clear when it happened, exactly. It certainly wasn’t during the past few years of dicking around, ever confident in its ability to con one U.S. court or another into buying what it was selling. It wasn’t when Argentina started taking out all of those full-page newspaper ads or blaming the…
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Wall Street Realizing That Argentina May Be Just As Irrational As It Seems
US Advance Gross Domestic Product (GDP) is a key release and is published each quarter. GDP measures production and growth of the economy, and is considered by analysts as one the most important indicators of economic activity. The Advance GDP is the first of three versions and has the most impact…
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GBP/USD: Trading the US Advance GDP
By defaulting tomorrow, Argentina may trigger bondholder claims of as much as $29 billion — equal to all its foreign-currency reserves. 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 clause…
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How Argentina’s Default May Trigger $29 Billion in Claims
The general state of the stock market seems quite healthy, with the Standard & Poor’s 500 Index making new all-time intraday and closing highs on several recent days. However, there is some internal deterioration taking place that we didn’t see on similar moves to new all-time highs earlier this …
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Why breadth divergence is a troubling sign
Lately, I have been hearing an interesting type of argument. It is a form of debate that is both disingenuous and dishonest. We will call this the “Can’t Lose Argument,” or CLA. Worse than confirmation bias, it is a money-losing exercise in narcissism. The CLA goes something like this: A data poi…
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If You Can’t Lose, You’re a Loser
Japan is now the world leader in inflation. At least among the world’s major economies. This chart, tweeted by Tom Orlik of Bloomberg, shows inflation for the U.S., Eurozone, China, and Japan. As you can see, Japan is the only major economy that has inflation running meaningfully above 2%, whi…
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Japan Unleashed Abenomics A Year And A Half Ago — Here’s How It’s Going
The adjustment in the periphery of Europe has two dimensions. The first, which has dominated developments, was prices. One way to boost competitiveness is for euro area member to have lower inflation than Germany. The second involved the real economy and structural reforms raise the potential …
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Euro Area Inflation–When the Rubber hits the Road
U.S. stocks erased gains and European stocks pared an advance as the European Union agreed on new sanctions against Russia. Bonds increased before a Federal Reserve policy decision. The Standard & Poor’s 500 Index fell 0.1 percent at 11:30 a.m. in New York, after earlier climbing 0.3 percent. The…
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U.S. Stocks Erase Gains on Sanctions While Bonds Climb
