The European Central Bank will present details on Thursday of a new asset-buying plan with which it hopes to revive the flagging euro zone economy and see off the specter of deflation. The ECB plans to buy asset-backed securities (ABS) – packages of reparcelled loans – with a view to spurring th…
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ECB to flesh out asset-purchase plan it hopes will buoy euro zone
Like the Scots, the Catalans want a referendum on independence. Unlike the British, the Spaniards aren’t inclined to let them have it. This is a mistake, and Spain’s leaders need to show some unwonted statesmanship by making a vote possible — even as they campaign for union. Catalonia’s local g…
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First Scotland, Now Spain
TABLE
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Auction Result of 10-Year JGBs on October 2, 2014
The U.S. dollar rose to its highest level against the Japanese yen since August 2008 on Wednesday, but analysts don’t expect the rally to last. …
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Why the dollar-yen rally will fizzle soon
This is stop loss triggering ladies and gentlemen. EUR, GBP, NZD all big movers. yen and AUD less so but nevertheless joiningg in… CAD, CHF … its USD weakness so everything is having a party today 9excpet the USD … d’uh) Gold higher too. Oil relatively flat on the session. No fresh news hitting.
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Stop loss buying as the USD weakens – big gains in NZD, GBP… across the board
The weakening yen is starting to squeeze Japanese consumers as prices rise for everything from Burgundy wine to instant noodles, threatening Prime Minister Shinzo Abe’s plans to revive the country’s economy. The currency slid to 110 yen to the dollar yesterday, the lowest level in six years, maki…
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What 110 Yen to the Dollar Means for Japan’s Consumers
Gold added to small gains from the day before on Thursday, buoyed by risk-averse sentiment as weak global manufacturing data in the United States unnerved equity markets. FUNDAMENTALS * Spot gold had edged up 0.1 percent to $1,215.02 an ounce by 0038 GMT. The metal gained 0.4 per…
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Gold gets boost from safe-haven bids as equities slide
At the ECB press conference following its October meting on Thursday, Mario Draghi will likely remove concerns over the potential balance sheet increase by arguing that TLTROs should be assessed together with the purchases of private assets, that these measures will help achieve the ECB’s mandate,…
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What Will Draghi Say? How Will The EUR React? – BofA Merrill
Investors loading up on some of the euro zone’s riskiest government bonds on expectations that the European Central Bank will buy them are making a mistake, BlackRock’s head of European and global bonds said on Wednesday. Market expectations that the ECB will be forced to resort to sovereign bond…
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BlackRock bond head says speculators on ECB QE making "mistake"
The ANZ Commodity Price Index declined for the seventh consecutive month, easing 1.3% in September. Nine commodity prices declined in September, three increased and five were unchanged. Dairy products led the decline, with skim milk powder prices falling 14% from the previous month, to its l…
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ANZ Commodity Price Index – The good, the bad and the udderly
The ANZ Commodity Price Index declined for the seventh consecutive month, easing 1.3% in September. Nine commodity prices declined in September, three increased and five were unchanged. Dairy products led the decline, with skim milk powder prices falling 14% from the previous month, to its l…
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ANZ Commodity Price Index – The good, the bad and the udderly
It is October, which in the geeky world of academic economics means it is Nobel Prize month, or actually in the case of the economics field, Sveriges-Riksbank-Prize-in-Economic-Sciences-in-Memory-of-Alfred-Nobel month. The prizes start getting announced next week, and as is the custom for this time…
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Does Bernanke Deserve a Nobel Prize?
It is October, which in the geeky world of academic economics means it is Nobel Prize month, or actually in the case of the economics field, Sveriges-Riksbank-Prize-in-Economic-Sciences-in-Memory-of-Alfred-Nobel month. The prizes start getting announced next week, and as is the custom for this time…
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Does Bernanke Deserve a Nobel Prize?
Stock markets didn’t crash last night but they were certainly under pressure and remain so at the moment as sentiment changes and fear is on the rise. The fact that USDJPY solid off more than a big figure from the high above 110 and US 10 year Treasuries rallied more 10 basis points for a more th…
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Stocks fall again taking the US dollar with them
Stock markets didn’t crash last night but they were certainly under pressure and remain so at the moment as sentiment changes and fear is on the rise. The fact that USDJPY solid off more than a big figure from the high above 110 and US 10 year Treasuries rallied more 10 basis points for a more th…
The EURCAD weekly opening range has taken shape just below the monthly central pivot at 1.4183 with the range lows coming in just pips of the September 19th close (2014 lows) at 1.4053. The focus will be on a break of this range with major event risk out of Europe tomorrow likely to serve as a…
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EURCAD Shorts at Risk Ahead of ECB- Key Support 1.4053
An issue hasn’t reached its boiling point until South Park writers Matt Stone and Trey Parker get their satirical hands on it. South Park’s Season 18 launched brilliantly on Sept. 24 with an episode titled “Go Fund Yourself,” which pokes fun at startups, Kickstarter campaigns, and the hunt for th…
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What South Park can teach us about startups and Silicon Valley’s ‘bro’ culture
One man shook a $42 trillion bond market last week, highlighting just how vulnerable bond prices are to shocks. Bill Gross’s surprise departure on Friday from Pacific Investment Management Co. sparked selloffs in some of his biggest wagers, such as inflation-protected U.S. government bonds. The m…
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Gross Exposes $42 Trillion Bond Market’s Key Flaw in Exit
One man shook a $42 trillion bond market last week, highlighting just how vulnerable bond prices are to shocks. Bill Gross’s surprise departure on Friday from Pacific Investment Management Co. sparked selloffs in some of his biggest wagers, such as inflation-protected U.S. government bonds. The m…
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Gross Exposes $42 Trillion Bond Market’s Key Flaw in Exit
Yesterday, the Centers for Disease Control and Prevention announced that Texas doctors have diagnosed a patient with Ebola, marking the first case found in the United States — and rumors are running rampant about a second case. This is terrible news in general, and scary news for Americans. But it…
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Why Some Stocks Are Jumping on Ebola News
