On Wall Street we sometimes used the phrase “f– you money.” (I think we stole that term from the hip-hop community.) It’s money spent that is financially offensive to others while perpetuating and maintaining an obscene lifestyle. And while I’m not proud of it I was totally guilty of being that guy…
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10 outrageous stories of Wall Street excess
On Wall Street we sometimes used the phrase “f– you money.” (I think we stole that term from the hip-hop community.) It’s money spent that is financially offensive to others while perpetuating and maintaining an obscene lifestyle. And while I’m not proud of it I was totally guilty of being that guy…
Excerpt from:
10 outrageous stories of Wall Street excess
U.S. prosecutors are pressing to bring charges against a bank for currency-rate rigging by the end of the year, and actions against individuals will probably follow in 2015, according to people familiar with the probe. The Justice Department may seek guilty pleas from several firms, including at …
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U.S. Preparing Charges Against Banks in Currency Rate-Rigging Cases
The stock market is on a tremendous, multiyear bull market, though of course there have been a lot of dips along the way. But something seems to be different about the recent sell-off in stocks, which has pushed major indices down to levels not seen in August. Just over a week ago, Dan Greenha…
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The Market Has Been Tanking — Here’s Why It Might Be Different This Time
U.S. crude-oil inventories rose by 5 million barrels in the week ended Oct. 3, the Energy Information Administration said Wednesday. That contrasted with expectations of an increase of 2.1 million barrels, according to analysts polled by Platts. Oil futures declined further after the data, with the…
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Oil futures add to losses after surprise supply increase
Yesterday’s sell off has the bulls worried. Major U.S. indexes fell about 1.5 percent. Ten of the past 12 trading sessions saw swings of 100 points or more in the Dow Jones Industrial Average. The list of worries ranges from the strengthening dollar’s harm to U.S. earnings, the end of quantitativ…
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Signs of a Bull Market Turning Bear
Yesterday’s sell off has the bulls worried. Major U.S. indexes fell about 1.5 percent. Ten of the past 12 trading sessions saw swings of 100 points or more in the Dow Jones Industrial Average. The list of worries ranges from the strengthening dollar’s harm to U.S. earnings, the end of quantitativ…
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Signs of a Bull Market Turning Bear
I would like to thank Lakeland College for inviting me to speak this morning. It’s always refreshing to reach directly into the communities in our District to gain valuable personal insights into what is going on in the economy and pick up information that sometimes get missed in dry reports and…
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Evans: Monetary Policy Normalization: If Not Now, When?
The USDJPY fell sharply yesterday and today we are getting another Fed official (Evans) speaking dovishly with the focus on inflation concerns. Although the price in the pair is up and down today, maybe the downside move can get going. From a technical perspective, I gave the case for a breakout…
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USDJPY Bears Stayin’ Alive
The USDJPY fell sharply yesterday and today we are getting another Fed official (Evans) speaking dovishly with the focus on inflation concerns. Although the price in the pair is up and down today, maybe the downside move can get going. From a technical perspective, I gave the case for a breakout…
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USDJPY Bears Stayin’ Alive
Recently, not a day passes without the Russian Ruble hitting new record lows against the US Dollar due to a combination of both capital outflows from Russia, tumbling prices of crude – Moscow’s most important export – which deteriorates Russia trade and current account position, coupled with the…
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Russia Central Banks Scrambles To Halt Plunging Ruble, Spends Over $2B In Last Three Days
Recently, not a day passes without the Russian Ruble hitting new record lows against the US Dollar due to a combination of both capital outflows from Russia, tumbling prices of crude – Moscow’s most important export – which deteriorates Russia trade and current account position, coupled with the…
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Russia Central Banks Scrambles To Halt Plunging Ruble, Spends Over $2B In Last Three Days
The trend measure of housing starts in Canada was 197,747 units in September compared to 191,095 in August, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts. “The increase…
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September 2014 Housing Starts in Canada
Weakness in Europe is a continuing theme as the economic data out of Germany continues to worsen. Yesterday’s 4.0% dip in industrial production was an incredibly disappointing number and came on the same day that the IMF downgraded its growth forecast for the region. European equity markets remain…
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USD/JPY and AUD/USD still threatening a turnaround despite early dollar strength today
The Phases: 1) The stealth phase is where the new technology, or instrumental is still only coveted by industry insiders. This is a period marked by low volatility. When the bitcoin market started, still only few understood the cryptocurrency. 2) Then, during the awareness phase, as reports of t…
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Bitcoin – Story of Mania and a Possible New Paradigm
BREAKING
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Polish central bank cuts main rate by 50 basis points to 2.0%
Corrective forces continue to grip the foreign exchange market. Many expect the dollar’s downside correction/consolidation to end today. Technically-inspired short-term participants often see 3-4 day counter-trend moves to be typical of market moves. Fundamentally-inspired traders expect the FOMC…
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Will the FOMC Minutes End Dollar’s Correction?
BREAKING
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China to use targeted measures to reduce financing costs
Spotware Systems‘ innovative cTrader retail FX trading platform has been the subject of enhanced functionality, with a series of new features having been added. The continually evolving platform has received upgrades to its user interface, including, among other aspects, an optimization facility …
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cTrader upgrade enhances optimization and cBot functionality
Italian Prime Minister Matteo Renzi faces a confidence vote today on his labor-market proposal that includes rules making it easier to fire workers and more difficult to challenge dismissals in court. Italy’s biggest labor union, CGIL, said it would send tens of thousands of workers into the str…
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Italy’s Renzi Faces Key Vote on Making Firings Easier
