Earlier, the Governor of the Bank of Japan Haruhiko Kuroda stated that the central bank would keep up with monetary easing until inflation is firmly anchored. His remarks increased bearish pressure on the Japanese yen especially against the Aussie dollar. Technical Analysis AUDJPY benefited from…
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Chinese GDP Could Spark A Reversal in Aussie
As I noted earlier at the start of today’s workshop, improving culture in the financial services industry is an imperative. This endeavor is important in order to ensure financial stability over time, but also to ensure the public trust in our financial system. In my remarks today, I will first…
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Dudley: Enhancing Financial Stability by Improving Culture in the Financial Services Industry
Crude-oil futures were in positive territory in Asian trade Monday after being decimated last week, but traders and investors remain unsure of whether prices can hold. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November CLX4, +0.10% traded at $83.18 a barrel,…
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Oil futures holding up, Brent trades above $86/bbl
The recent volatility in financial markets reinforces the need for the Federal Reserve to be patient with its policy stimulus and to clearly tie an eventual interest-rate rise to improving economic conditions, a top Fed policymaker told Reuters. Boston Fed President Eric Rosengren said that while…
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Market action reinforces need for policy patience: Fed’s Rosengren
Deutsche Bank AG (DBK) is seen as probably the “most impacted” with a fine of as much as 5.1 billion euros ($6.5 billion), Citigroup analysts led by Kinner Lakhani calculated, estimating the Frankfurt-based bank’s settlements could reach 10 percent of its tangible book value, or its assets’ worth. …
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Forex-Rigging Fines Could Hit $41 Billion Globally: Citi
Cocoa exporters in Ivory Coast, the world’s top grower of the chocolate-making ingredient, have had to put their foot on the accelerator as worries about the spread of the Ebola virus continue to mount. Exporters in Ivory Coast “are making all efforts to ship cocoa from the country as soon as it …
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Ivory Coast Exporters Ramp Up Cocoa Shipments Amid Ebola Fears
Cocoa exporters in Ivory Coast, the world’s top grower of the chocolate-making ingredient, have had to put their foot on the accelerator as worries about the spread of the Ebola virus continue to mount. Exporters in Ivory Coast “are making all efforts to ship cocoa from the country as soon as it …
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Ivory Coast Exporters Ramp Up Cocoa Shipments Amid Ebola Fears
Technical Sentiment: Bearish Key Takeaways •Canada Wholesale Sales, in line with consensus at 0.2%, couldn’t boost the domestic currency on Monday; •Swiss Franc is showing an overall bullish tendency against a basket of currencies; •CHF Trade Balance is due Tuesday morning with bullish expectati…
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Canadian Dollar Slips Lower In Intraday Trading
Technical Sentiment: Bearish Key Takeaways •Canada Wholesale Sales, in line with consensus at 0.2%, couldn’t boost the domestic currency on Monday; •Swiss Franc is showing an overall bullish tendency against a basket of currencies; •CHF Trade Balance is due Tuesday morning with bullish expectati…
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Canadian Dollar Slips Lower In Intraday Trading
Confused why one second the market is down 1%, and then moments later, upon returning from the bathroom, one finds it up by the same amount on negligible volume? Simple: there continues to be zero liquidity. Although, not just in equities, but in bonds as well, something this website – and the TBAC…
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E-Mini Liquidity Has Crashed 40% In The Past Quarter, JPMorgan Finds
Confused why one second the market is down 1%, and then moments later, upon returning from the bathroom, one finds it up by the same amount on negligible volume? Simple: there continues to be zero liquidity. Although, not just in equities, but in bonds as well, something this website – and the TBAC…
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E-Mini Liquidity Has Crashed 40% In The Past Quarter, JPMorgan Finds
Many investors will remember last week’s market gyrations (and Wednesday’s in particular) as exceptional, exciting, frightening and draining. The wild movements affected both stock prices (including a 600-point swing in the Dow Jones Industrial Average in just a half-hour) as well as U.S. Treasury…
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4 Lessons of a Wild Market Week
Sabermetrics has come to stock-picking. As if we didn’t have enough ways to measure stocks against one another, Goldman Sachs equity analyst Robert Boroujerdi is out with a note to clients ahead of the World Series that takes three popular baseball “sabermetrics” and turns them into metrics for p…
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Goldman Sachs Now Has A Stock-Picking Model Inspired By The Stats Behind ‘Moneyball’
Falling oil prices have given households a break and could help the economy, but receding inflation also reflects lurking threats overseas that could harm the U.S. if they persist. The price of a light crude oil has fallen about 20% since late June and it recently touched a three-year low of $80 …
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Fading inflation good for consumers but hints at lurking threats
Investors may have over-reacted to signs of economic slowdown, although they have been right to price in weaker global growth prospects, the Bank of England’s chief economist said in a Sunday newspaper interview. “What we have seen over the past week is financial markets catching up with the data…
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Markets may have over-reacted to slowdown: Bank of England’s Haldane
Bullish Correction: EUR/GBP has been bullish in October, rallying from 0.7764 to 0.8046. The 4H chart shows that the market gained some bullish momentum as the RSI pushed above 80, and was starting to show bullish bias with price above the 200-, 100-, and 50-period SMAs. Losing Bullish Bias: Enter…
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Critical Juncture for the EUR/GBP
Thank you for the opportunity to speak with you today about some of the key issues facing community banks. As the chairman of the Federal Reserve Board’s community and regional bank subcommittee, I try to meet with groups of community bankers whenever I can to better understand what is on community…
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Powell: Webinar on Community Banking
A paucity of policy options has increased central banks’ reliance on so-called forward guidance, where policy makers telegraph likely future actions. There are two components to forward guidance. First, it communicates clear policies to which the central bank is committed. Second, the commitment …
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‘Forward guidance’ marches global economy backwards
Beijing – The People’s Bank of China (PBoC), the Chinese central bank, will reportedly inject 200 billion yuan ($32.7 Billion) into as many as 20 mid-sized regional and local banks with mixed ownership, so called joint-stock lenders. The funds are meant to support liquidity needs, as the country’s…
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Chinese Stimulus to Expand as GDP Expected to Fall
Wholesale sales edged up 0.2% to $53.1 billion in August. Gains in three subsectors, in particular the machinery, equipment and supplies subsector, more than offset declines elsewhere. Excluding the motor vehicle and parts subsector, which recorded the largest decline, wholesale sales rose 1.0%. …
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Canada Wholesale Trade, August2014
