Search Results for: Commodities
Fed’s Rosengren says fight for higher inflation should be vigorous
November 11th, 2014
The Fed should fight low inflation as vigorously as it would a too rapid run-up in prices or risk the same sort of prolonged slow growth plaguing Japan and Europe, Boston Federal Reserve bank president Eric Rosengren said on Monday. Rosengren, ...
Oil price slide threatens energy subsidies in Arabian Gulf states
November 10th, 2014
Low oil prices may lead Arabian Gulf states to issue additional debt and cut energy subsidies, according to the ratings agency Standard and Poor’s. “If there’s a prolonged oil price correction, corporate and government-related entities may have to change ...
Monday November 10: OSB Daily Technical Analysis – Currency pairs
November 10th, 2014
OSB Daily Technical Analysis for November 10, 2014 EUR/USD sold off breaking below the 1.24 handle on Friday finding support at the 1.2360 area and managed to close back above at 1.2545. Price action suggests some support further below ...
Precious Metals. The second leg of the bubble unwind is upon us
November 10th, 2014
I need to say something about precious metals. I’ve been a vocal bear on them since 2011. Those who’ve subjected themselves to my blog—or worse, my Twitter account—know that. The bottom line is that a pre-crisis boom in commodities ...
Putin Ally Denies Knowledge of U.S. Money Laundering Investigation
November 7th, 2014
A commodities firm under investigation by federal prosectors on suspicion of money laundering and improper oil trading said on Thursday that it had no knowledge of the inquiry and called allegations of wrongdoing “baseless and false.” The investigation, first reported by The ...
Friday November 7: OSB Daily Technical Analysis – Currency pairs
November 7th, 2014
OSB Daily Technical Analysis for November 7, 2014 EUR/USD sold off breaking and closing below the 1.24 handle on Thursday making a new two year low. Support at 1.2350-30. A close below extends to 1.22 in the short term. ...
Asian shares slump, euro wallows near lows
November 7th, 2014
Asian shares edged down on Friday ahead of U.S. employment data later in the session, while the euro wallowed around two-year lows after European Central Bank President Mario Draghi vowed to take more easing steps to spark growth in ...
BofA Executive’s Job Said Held Up by Deutsche Bank Probe
November 6th, 2014
Deutsche Bank AG (DBK)’s examination of how employees handled deals with the world’s oldest lender is preventing Michele Foresti from starting his new job at Bank of America Corp. (BAC), according to three people briefed on the matter. Foresti, who ...
Hedge fund nightmare turns into a dream
November 6th, 2014
Do computers that trade financial markets ever have nightmares about losing money? It is a question investors have asked in recent years of the hedge funds that use automated algorithms and models to buy and sell billions of dollars of assets. ...
Russian Billionaire Tied to Putin Is Focus of Inquiry
November 6th, 2014
A billionaire Russian businessman known to have ties to President Vladimir V. Putin of Russia and a company the businessman controlled have been the focus of a federal investigation into money laundering and oil trading, according to documents and ...
