Currency traders are detecting the first signs of what they’ve been waiting for all year: a revival in volatility that may help trim their losses. Tensions in Ukraine and Gaza, together with interest-rate increases from New Zealand to South Africa (SARPRT), are helping push up a measure of price …
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Traders Bemoaning Losses Detect Volatility Reprieve
• Services output growth unchanged from the series-record high seen in June •Strong rise in new work, but the rate of growth eases to a three-month low • Cost inflation moderates to 15-month low Data collected 11–25 July. The seasonally adjusted Markit Flash U.S. Services PMI™ Business Activity In…
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U.S. service sector growth holds at post-recession high in July
Mark Cook, a veteran investor included in Jack Schwager’s best-selling book, “Stock Market Wizards,” and the winner of the 1992 U.S. Investing Championship with a 563% return, believes the U.S. market is in trouble. The primary indicator that Cook uses is the “Cook Cumulative Tick,” a proprietary…
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Stock trader who called three crashes sees 20% collapse
Mark Cook, a veteran investor included in Jack Schwager’s best-selling book, “Stock Market Wizards,” and the winner of the 1992 U.S. Investing Championship with a 563% return, believes the U.S. market is in trouble. The primary indicator that Cook uses is the “Cook Cumulative Tick,” a proprietary…
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Stock trader who called three crashes sees 20% collapse
This is an eventful week, but the economic calendar starts slowly. The FOMC meeting, first look at Q1 US GDP and the US jobs report, are the highlights. The capital markets are also off to a slow start.. The US dollar is narrowly mixed. Against most of the major currencies, the greenback has…
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Busy Week Starts Quietly
This is an eventful week, but the economic calendar starts slowly. The FOMC meeting, first look at Q1 US GDP and the US jobs report, are the highlights. The capital markets are also off to a slow start.. The US dollar is narrowly mixed. Against most of the major currencies, the greenback has…
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Busy Week Starts Quietly
A new weekly column where we will study points of interest on Futures volume and CFTC data. Australian Dollar Futures: Whilst volatility remains low it would be wise to not become too ‘sensationalist’, but it does raise more confidence that we are witnessing a topping pattern forming on the weekly…
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Volume and COT data analysis
A new weekly column where we will study points of interest on Futures volume and CFTC data. Australian Dollar Futures: Whilst volatility remains low it would be wise to not become too ‘sensationalist’, but it does raise more confidence that we are witnessing a topping pattern forming on the weekly…
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Volume and COT data analysis
A court in the Hague has awarded shareholders in the defunct Russian oil company Yukos the largest compensation package to date. The Court of Arbitration said Russia should pay $50bn (£29.5bn) in damages. It said Russian officials, under President Putin, had manipulated the legal system to b…
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Court orders Russia to pay $50bn to Yukos shareholders
Last week saw global markets fluctuate between corporate earning’s and geopolitical conflicts. There was an excess of negative news out of Israel and eastern Ukraine, with each regions headline’s countering much of the decent US and Euro quarterly earnings reports. On the whole, the reports were…
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This Week: Suit Up, Strap In, And Be Dollar Ready
Euro zone policymakers may feel they can afford to relax this summer. That would be a terrible error. The euro crisis is sleeping, not dead. The region is suffering from stagnation, low inflation, unemployment and debt. The crisis could easily rear its ugly head because the euro zone is not well …
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Euro crisis is sleeping, not dead
When the European Central Bank unleashed a stimulus barrage in June, it cautioned that the economy would take some time to respond. Data due this week may test its patience. The inflation rate remained at 0.5 percent for a third month in July, according to the median forecast of 42 economists in…
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ECB Patience Test: Euro-Area Inflation Seen Sticking Low
Get ready for 48 hours — and a little more — of the most intense outpouring of information on the U.S. economy you’re likely to ever see. The schedule between Wednesday and Friday includes second-quarter GDP, a Federal Reserve decision, July payrolls, the July Institute for Supply Management manu…
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Get ready for 48 hours of US economic fury
EUR/USD came under pressure all last week – the 2012- 2014 uptrend has given way and the market has sold off to the 1.3424 200 week ma, notes Commerzbank. “A negative bias will remain entrenched below the 1.3565 downtrend. Around here we also find the 1.3391/1.3385 55 MONTH ma and the base of t…
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EUR/USD: At 200 Wk Avg; USD/JPY: At Daily Cloud – Commerzbank
Call it bitgold. It’s what you get when you combine bitcoin, one of the world’s newest would-be currencies, and gold, one of the oldest. Add mistrust of centralized authority, a dash of rebelliousness and a dollop of profit motive and you might have the Independence Coin, the first gold-backed c…
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Gold Bugs Meet Bitcoin Believers to Supplant the Dollar
After a number of false starts in recent years, it seems that India Prime Minister Narendra Modi’s landslide election victory and a strong mandate have finally opened the way to a broad strategic partnership between Beijing and New Delhi. Closer economic and political ties with China have been an…
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Is ‘Chindia’ Asia’s new dream team?
Less than two months before an independence vote that could ultimately tear apart a G7 country, investors in financial markets seem largely unmoved. Last week saw the first glimmer of action in currency markets to protect against the possibility of Scotland voting on Sept. 18 to break away from t…
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Many investors face Scotland exit risk unprotected
“You don’t need to know what will happen next in order to make money in forex”. How can that statement be true? You need to pick a direction don’t you? So you need to have some idea of what you think might happen next, otherwise why would you put money on one outcome over another? This statement…
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You Don’t Need a Crystal Ball to Be a Successful Forex Trader
China is poised to displace the U.S. as the world’s biggest business-travel market by 2016, aided by accelerating export growth and slowing inflation. Spending worldwide for business travel will climb 6.9 percent this year to $1.18 trillion, according to a report released today by the Global Bus…
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China Poised to Pass U.S. as Top Business-Travel Market
Monday’s a slow day for economic releases in Europe, which means that the report on business sentiment in Italy’s manufacturing sector may grab the crowd’s attention to an unusually high degree. Later, a couple of new data points for the US will kick off what will become a busy week of macro…
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3 Numbers: Italian confidence rise, US services PMI, US home sales
