Most personal finance books have a common theme. They tell you that you cannot out earn reckless or irresponsible spending. Put another way, regardless of your income be it 50,000, 500,000 or 5,000,000, if you’re unable to tame your spending, you’ll have a hard time building a net worth that you can…
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Why Traders Lose Money & What You Can Do About It
The following are the daily technical outlooks for EUR/USD, GBP/USD, and AUD/USD, as provided by the technical strategy team at Commerzbank. EUR/USD charted an inside day yesterday and we suspect that the market is in consolidation mode having recently reached the 1.3424 200 week ma. A negative…
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Daily Outlooks For EUR/USD, GBP/USD, AUD/USD – Commerzbank
There has been a sharp, and welcome, bounce in economic activity in the UK. But it has been accompanied by an equally sharp deterioration in the balance of payments. From 1½% of GDP in 2011 the deficit on the current account – the combined balances for trade, asset income and transfers – widened …
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The UK Current Account – speech by Ben Broadbent
China’s trade numbers still don’t add up. A discrepancy between Hong Kong and Chinese figures for bilateral trade remains even after a crackdown last year on Chinese companies’ use of fake export-invoicing to evade limits on importing foreign currency. China recorded $1.31 of exports to Hong Kon…
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China Trade Numbers Still Don’t Add Up Post-Fake Exports
Argentina is on course to default on its debt for the third time in 28 years on Wednesday – an event that could cost U.S. hedge funds millions of dollars and provide investors with yet another worry amid geopolitical turmoil. The Latin American country has just two days to comply with a U.S. lega…
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3rd time unlucky: Argentina set for new default
As reported by the Federal Statistical Office (Destatis), the index of import prices decreased by 1.2% in June 2014 compared with the corresponding month of the preceding year. In May 2014 and in April 2014 the annual rates of change were –2.1% and –2.4%, respectively. From May 2014 to June 2014 the…
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German Import prices in June 2014: –1.2% on June 2013
economy must stay firm for this trend to continue BOJ will look at various elements of economy and prices in judging whether its price target has been met economic data fluctuates every month so hard to set a singe indicator in determining if BOJ’s price target is met in a “stable manner” …
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BOJ’s Ishida says companies are more actively passing on higher costs to consumers
NZD/USD crashed to new lows (currently at 0.8519) on the back of Fonterra results Milky blow NZD/USD was nervous the whole morning, and not in vain as Fonterra announced revised farmer payout 2014 forecast to NZ$6/kg, which is worse than expected. NZ economy in general and kiwi in particular i…
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Kiwi is hammered down by Fonterra results
The macro profile for Britain continues to show that the UK is leading the way among advance economies for growth. In turn, the upbeat data suggests that an interest rate hike may be near – perhaps nearer than the market expects. In search of new guidance, the market will pay close attention to…
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3 Numbers: Rumours over UK rate hike, US house prices, US confidence
What does the future hold for the stock market? To answer this question, you could ask an investment strategist. Or you could consult a psychic. That’s what CNNMoney did, and it turns out psychics and investment strategists have something in common. They’re both pretty bullish. The bull market, wh…
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Psychics are bullish on stocks
US DOLLAR TECHNICAL ANALYSIS – Prices continue to advance as expected after putting in a Bullish Engulfing candle pattern at support set from October 2013. A daily close above the 23.6% Fibonacci retracement at 10456 has exposed a horizontal pivot at 10481. Pushing further beyond that targets the 38…
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Crude Oil Aiming Lower, US Dollar Rally Pauses at Six-Week High
Currency-trading volume is shrinking at the fastest pace since the financial crisis, the latest sign of the placid conditions that have frustrated traders in markets around the globe this year. The amount of money changing hands daily in foreign-exchange markets on average fell about 8% in A…
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Currency Trading Falls Into Torpor
Households face only “reasonable” interest rate increases in the coming years, Finance Minister Bill English claims, admitting the housing market is slowing and growth is “flattening”. Last week Reserve Bank governor Graeme Wheeler hiked the Official Cash Rate – the benchmark against which other …
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New Zealand Government sees less pressure on rates
The sovereign credit ratings on Australia benefit from the country’s strong institutional settings, its wealthy and resilient economy, and a high degree of monetary and fiscal policy flexibility. …
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S&P Ratings On Australia Affirmed At ‘AAA/A-1+’ On Monetary And Fiscal Flexibility; Outlook Remains Stable
Asian stocks rose, with the regional index advancing a third day to extend its six-year high, while bonds followed U.S. Treasuries lower before the Federal Reserve starts meeting today. Oil fell as soybeans climbed. The MSCI Asia Pacific Index added 0.1 percent by 9:16 a.m. in Tokyo, as Japan’s …
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Asian Stocks Gain as Bonds Drop Before Fed; Oil Declines
Japan finance minister Aso: 70%+ of companies see recovery from sales-tax hike by the end of July Government to decide on further sales tax hike by year-end
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Japan FinMin Aso: Government to decide on further sales tax hike by year-end
Sales of new homes lifted in the quarter after a surge in apartment sales in the month of June, according to the Housing Industry Association. In the three months to June, new home sales increased 2 per cent, the survey of Australia’s largest volume builders showed. In the month of June, new h…
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New home sales lift in June quarter: HIA
Are we experiencing a calm before a great raging storm? The Chinese Yuan rebounded from its weakness in the first quarter and reached a four-month high yesterday. USDCNH fell to 6.1820 as the RMB was inspired by the Chinese upbeat economic data released in the weekend. The recent data is showing …
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An improving Chinese economy & tremors in Argentina amidst a lull in the markets
House prices are rising rapidly in the UK at an annual rate of 10.5 percent. House price inflation is particularly high in London (20 percent per year), and it is gradually accelerating in the rest of the country. The recent increases in house prices have been getting a lot of attention, and…
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Managing Housing Market Risks in the United Kingdom
Japanese retail sales fell 0.6% in June compared to the year-earlier period, the Ministry of Economy, Trade and Industry reported Tuesday. The result showed an acceleration from May’s 0.4% decline, though it remained well shy of the 4.3% tumble seen in April, when Japan enacted a hike to its…
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Japan retail sales pull back further in June
