Search Results for: Federal Reserve
Asia shares up as investors bank on more stimulus
August 14th, 2014
Asian shares pushed higher on Thursday after a flood of soft economic data led investors to wager on a ceaseless fountain of stimulus from major central banks, sending bond yields tumbling across the globe. An economic contraction in Japan, ...
Gold Remains Rangebound
August 13th, 2014
Gold is listless on Wednesday, continuing a week with little movement. The spot price stands at $1308.60 per ounce in the European session. On the release front, attention shifts to US retail sales data, with the release later today ...
Modi at the helm, and the rupee falls
August 12th, 2014
The Indian rupee has plunged almost 5% against the greenback since pro-business Prime Minister Narendra Modi swept to power in May – so what’s behind the currency’s fall and where is it headed next? Foreign exchange strategists point to ...
Technical Analysis Gold – Eyes Down on Key $1290 Level
August 12th, 2014
Technical Analysis Gold for Tuesday, August 12, 2014 To finish out last week Gold exhibited signs of a rejection pattern with its last red candlestick which has been followed through a little to start this week as it has ...
How Bond Traders Profited Off U.S. Wage of $24.45 an Hour
August 11th, 2014
Yields on 10-year Treasuries (USGG10YR) hit a three-week high, suggesting traders were bracing for evidence the long-awaited pickup in wages would materialize and provide the catalyst for the Federal Reserve to raise interest rates. While the economy rebounded last ...
The Global Economy’s Groundhog Day
August 8th, 2014
In the movie “Groundhog Day,” a television weatherman, played by Bill Murray, awakes every morning at 6:00 to relive the same day. A similar sense of déjà vu has pervaded economic forecasting since the global economic crisis began a ...
Are banks looking at a shrunken future?
August 7th, 2014
Amid the hundreds of billions of bad-credit write-downs and the multibillion- dollar settlements with government watchdogs since the 2008 financial collapse, it’s easy to lose sight of what good shape banks are in. The leftover business from the crash ...
Lloyds Sued by 220 Investors Over HBOS Takeover ‘Folly’
August 7th, 2014
Lloyds Banking Group Plc (LLOY) was sued by 220 investors who said they were misled into supporting a 2008 takeover of HBOS Plc that prompted a 20 billion-pound ($34 billion) bailout from the U.K. government. Britain’s biggest mortgage lender ...
Banks Must Show They Can Die Quietly
August 6th, 2014
The U.S. Federal Reserve and the Federal Deposit Insurance Corp. have just confirmed what most people already knew: The largest banks are far too complex and opaque for their own good, let alone for the good of the broader ...
U.S. Stocks Drop on Ukraine as Sprint, Time Warner Slump
August 6th, 2014
U.S. stocks fell, after equities slipped to a two-month low yesterday, on concern the Ukraine crisis will escalate and as Sprint Corp. and Time Warner Inc. (TWX) tumbled on merger news. Sprint slid 18 percent after a person with ...
