Each currency pair has its own trading characteristics, with some enjoying a better technical behavior than others. A more predictable currency pair either slows down ahead of a clear support or resistance line, or conversely makes a convincing break leaving dust behind it. A less predictable pair…
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5 Most Predictable Currency Pairs- Q4 2014
GT Advanced Technologies, which makes sapphire glass components for smartphones, filed for bankruptcy on Monday. Sapphire glass is an ultra-strong material, which Apple uses on both the camera lens and fingerprint scanner on the new iPhone. However Apple doesn’t, contra to some expectations, use the…
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How A Company That’s Worth $1.5 Billion On A Friday Could Go Bankrupt On A Monday
One German bank rode the euro’s weakness to become the world’s most-accurate foreign-exchange forecaster, and it sees no reason to give up on that view even with the currency near its weakest level in two years. Landesbank Baden-Wuerttemberg, which topped Bloomberg’s rankings for the four quarter…
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Top Forecaster Sees Weaker Euro on ECB Embracing QE
The Federal Reserve’s exit strategy is so unrealistic it seems to have been designed by Peter Pan from Neverland, said Vincent Reinhart, chief U.S. economist at Morgan Stanley and former top U.S. central bank staffer. “Peter Pan’s advice was to think of an impossible thing each morning. FOMC memb…
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Fed’s exit strategy was designed by Peter Pan, former central bank economist says
An influential Federal Reserve policymaker said he would be “delighted” to raise interest rates some time next year since it would be a sign of economic success, but for now a “very accommodative monetary policy” is still needed. New York Fed President William Dudley, speaking on the Marketplace …
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U.S. Fed’s Dudley says would be ‘delighted’ to raise rates in 2015
A new Federal Reserve gauge of labor-market conditions picked up in September after a summer slowdown, the latest fodder for the central bank’s debate over when to raise interest rates. The labor market conditions index, developed by Fed economists and first unveiled in May, rose by 2.5 points in…
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Fed’s New Labor-Market Index Saw Conditions Improve During September
Support staff for retail brokers know that one of the more troublesome conversations with customers is answering margin related stop out questions. Losing money is always frustrating, and for customers seeing their positions automatically closed when their margin balances drop below minimum…
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Spotware Systems Adds ‘Fair Stop Out’ Feature to cTrader
More analysts are starting to believe that the Bank of England will be the first big central bank to hike rates. But just how soon will it begin to tighten the screw? This Thursday could move us one step closer to knowing, when the BOE meets to make its October policy decision. In September, two …
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6 things to watch for as economic clouds gather in Europe
Perhaps it’s a blessing in disguise that today’s economic calendar is essentially barren, because it feels like just one weekend was not enough to digest Friday’s robust Non-Farm Payroll report. As a result of the strong jobs report, the USD tested multi-year highs against the euro and Swiss franc,…
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GBPUSD: Bias Remains Bearish Below 1.60 Psychological Level
The Ivey Purchasing Managers Index was at 58.6 on a seasonally adjusted basis in September, indicating that purchasing activity in Canada expanded from August. The index, which measures changes in economic activity as indicated by a panel of purchasing managers from across Canada, is sponsored by…
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Canada Ivey Purchasing Managers Index at 58.6 in September
The European Central Bank’s unprecedented decision to use outside help for new asset purchases is stirring conflict among policymakers, highlighting the difficulty for the ECB of considering even more extreme policy action. ECB President Mario Draghi outlined last week new programs under which t…
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ECB policymakers at odds over ABS purchase plan
The US economy grew at its fastest rate in eight years in the second quarter of 2014, but Americans still think the US is in the midst of a recession. Two key trends will solidify the recovery in 2015: higher wages as unemployment falls below 6%, and an expansion in consumer credit as households …
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The US Economy Has Reached A Turning Point
The main theme in Asia and Europe has been a somewhat heavier dollar tone, against the major and emerging market currencies. There has not been much of a fundamental driver as perhaps a bit of caution in a stretched-market ahead of key levels ($1.25 for the euro and JPY110 dollar-yen). Global e…
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Dollar Corrects a Bit
Scientists have used Ebola disease spread patterns and airline traffic data to predict a 75 percent chance the virus could be imported to France by October 24, and a 50 percent chance it could hit Britain by that date. Those numbers are based on air traffic remaining at full capacity. Assuming a…
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High risk Ebola could reach France and UK by end-October, scientists calculate
Scientists have used Ebola disease spread patterns and airline traffic data to predict a 75 percent chance the virus could be imported to France by October 24, and a 50 percent chance it could hit Britain by that date. Those numbers are based on air traffic remaining at full capacity. Assuming a…
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High risk Ebola could reach France and UK by end-October, scientists calculate
Goldman Sachs Group Inc. says investors shouldn’t rush to anticipate a rate increase from the Federal Reserve after jobs gains beat economist forecasts. BlackRock Inc. said it’ll happen sooner than expected. “Not so fast,” Jan Hatzius, the chief economist at Goldman Sachs in New York wrote in a …
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Goldman Says Not So Fast as BlackRock Sees Earlier Fed Increase
Goldman Sachs Group Inc. says investors shouldn’t rush to anticipate a rate increase from the Federal Reserve after jobs gains beat economist forecasts. BlackRock Inc. said it’ll happen sooner than expected. “Not so fast,” Jan Hatzius, the chief economist at Goldman Sachs in New York wrote in a …
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Goldman Says Not So Fast as BlackRock Sees Earlier Fed Increase
Japan’s Finance Minister Taro Aso said the yen, which struck a six-year low against the dollar last week, was not particularly weak, while Prime Minister Shinzo Abe said the currency’s decline was both good and bad for the economy. Their comments were the clearest signal given so far that Japan’s…
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Japan PM, Finance Minister unalarmed by weak yen for now
Japan’s Finance Minister Taro Aso said the yen, which struck a six-year low against the dollar last week, was not particularly weak, while Prime Minister Shinzo Abe said the currency’s decline was both good and bad for the economy. Their comments were the clearest signal given so far that Japan’s…
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Japan PM, Finance Minister unalarmed by weak yen for now
Gold and silver priced in USD both fell after Friday’s highly anticipated US jobs report. The US NFP data reported 248K jobs added in September, while the unemployment rate fell to 5.9%, the lowest in 6 year. This boosted the USD and naturally pulled down anything priced in the USD. As we begin a…
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Gold and Silver Approaching Key Long-term Levels
