There are “many options” for additional easing by the Bank of Japan, Governor Haruhiko Kuroda said, repeating that the bank would adjust its policy if needed to reach its 2 percent inflation target. “We have substantially increased our JGB holdings but still it’s about 20 percent of total JGBs ou…
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Kuroda Says Many Options Available for Any Increased Easing
Tech-savvy Venezuelans looking to bypass dysfunctional economic controls are turning to the bitcoin virtual currency to obtain dollars, make Internet purchases — and launch a little subversion. Two New York-based Venezuelan brothers hope this week to start trading on the first bitcoin exchange i…
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Venezuelans turn to bitcoins to bypass socialist currency controls
Tech-savvy Venezuelans looking to bypass dysfunctional economic controls are turning to the bitcoin virtual currency to obtain dollars, make Internet purchases — and launch a little subversion. Two New York-based Venezuelan brothers hope this week to start trading on the first bitcoin exchange i…
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Venezuelans turn to bitcoins to bypass socialist currency controls
Australian employers unexpectedly cut payrolls in September, indicating that interest rates will probably remain at a record low for an extended period. The number of people employed fell by 29,700 the statistics bureau said in Sydney today. That compares with a median estimate for a 15,500 incre…
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Australian Employers Unexpectedly Cut Jobs in September
Australian employers unexpectedly cut payrolls in September, indicating that interest rates will probably remain at a record low for an extended period. The number of people employed fell by 29,700 the statistics bureau said in Sydney today. That compares with a median estimate for a 15,500 incre…
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Australian Employers Unexpectedly Cut Jobs in September
The investment bank Goldman Sachs is one of the most elite institutions on earth. And most reviled. “‘I’m going to Goldman,’ is still about as close as it gets in the real world to ‘I’m going to Harvard,'” said Michael Lewis, the firebrand financial writer. The prestige comes with outrage…
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Here’s What You Can Earn Working At Goldman Sachs
Is China about to devalue? The question seems to pop up everywhere I go — most recently in Frankfurt, Sydney and New York. Economists here in Tokyo, too, are buzzing about the chances of a big decline in the yuan in the next few months. A new report from Lombard Street Research explains why all …
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Will China Spark a Currency War?
China’s slowdown is the biggest short-term threat to global growth. Industrial value added fell in August, credit growth has slowed dramatically, and housing prices are falling, with sales down 20% year on year. Given stagnation in the eurozone and Japan’s uncertain prospects, a Chinese hard landing…
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China’s Balancing Act
London house prices fell last month for the first time in more than three years, and prices nationwide showed their smallest increase in 15 months, a major house price survey showed on Thursday. The Royal Institution of Chartered Surveyors said prices in London fell for the first time since Janua…
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London house prices fall in Sept for first time since 2011: RICS
It is hard to see the price action we saw overnight and not channel my inner Frankie Valli – Oh what a night! More correctly what a morning with the release of what appeared to be dovish FOMC minutes igniting a risk on rally which set markets alight. The minutes were taken as dovish by the market…
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Boom! – Free money and a dovish Fed drive risk higher and the US dollar down
The VXV/VIX ratio is fast approaching levels that indicate market capitulation and often coincide with tradable low, notes Bank of America Merrill Lynch. In such an environment, according bofA, US Treasury yields should continue to decline with 30yr yields are fast approaching critical long ter…
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Where To Target The Corrections In EUR/USD, USD/JPY, Gold? – BofA Merrill
The general tone of the FOMC minutes were considerably more dovish than any one had reason to expect. It is not simply the case of not raising interest rates any time soon. A majority wanted to avoid investors thinking otherwise. Economists often disagree about what the signal is from Fed…
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Quick Thoughts on FOMC Minutes and the Dollar
Traders and market participants are expecting big revisions to labor market statistics provided by Australian statisticians on Thursday, as the absence of seasonality from the data for the July-September period will likely lead to downward revisions of July and August data, but also surprise on the…
Stocks broke out of a day-long slumber and rallied sharply after the release of the minutes of the Federal Reserve’s September meeting showed little change from its previous statements. Following the release at 2 p.m. ET, all three major benchmarks — the Dow Jones industrial average, Standard & …
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Stocks shoot up after release of Fed minutes
Crude oil prices are once again lower today amid growing concerns about the health of the global economy and rising crude stockpile levels in the US. Concerns about growth were brought to the forefront by the IMF yesterday as it cut the global economic growth forecasts for the third time this year….
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WTI oil falls as crude stockpiles increase more than expected
Federal Reserve officials discussed altering their guidance on the likely path of interest rates at their September meeting, but decided against making any changes because of concerns they might be misinterpreted, minutes of the meeting showed Wednesday. The Fed statement released three weeks aft…
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Fed Leery Guidance Changes Might Be Misread
Federal Reserve officials have become more concerned about weak growth overseas and the impact of a strengthening U.S. dollar on the domestic economy, warns WSJ Fed-whisperer Jon Hilsenrath, adding that, the stronger currency, by reducing the cost of imported goods and services, could hold U.S….
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Hilsenrath Confirms Dovish Fed Talking Down The Dollar
Federal Reserve policy makers at their last meeting said a global slowdown and a stronger dollar posed potential risks to the outlook for the U.S. economy. A number of participants said growth “might be slower than they expected if foreign economic growth came in weaker than anticipated,” accordi…
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Fed Officials Saw Global Slowdown Among Risks to Outlook
A rocky exit from low interest rates by the Federal Reserve risks $3.8 trillion of losses to global bond portfolios, the International Monetary Fund warned Wednesday in its latest global financial stability report. The IMF was at pains to emphasize that it’s not forecasting such losses, but it di…
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The IMF’s $3.8 trillion warning to the Fed
A weakening currency will save the euro region from repeating Japan’s so-called lost decade, according to a former Bank of Japan official who grappled with the crippling economic stagnation and price declines. “People are saying the euro-zone economy is in bad shape, that it’s suffering a Japaniz…
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Europe Will Dodge Japan’s Lost Decade, Ex-BOJ Official Predicts
