Search Results for: US economy
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 ...
Russia Bans All Food Imports From U.S., EU, Australia, Canada, Norway
August 8th, 2014
Russia banned most food imports from the West on Thursday in retaliation for sanctions over Ukraine, an unexpectedly sweeping move that will cost farmers in North America, Europe and Australia billions of dollars but will also likely lead to ...
Chinese banks get serious – risk of bad debts swell
August 8th, 2014
Chinese banks are scrambling to get on top of bad debts they have downplayed for years, cutting off riskier borrowers and further tightening lending terms. China’s banks keep reporting bad loan levels well below what most analysts consider realistic, ...
Australia 200 – Drops Sharply Back Into Familiar Trading Range
August 8th, 2014
Australia 200 for Friday, August 8, 2014 After being on quite a roll for several weeks, the Australian 200 Index has fallen sharply over the last week or so returning back to more familiar territory between the 5400 and ...
Technical Analysis AUD/USD – Drops to Two Month Low Near 0.9250
August 8th, 2014
Technical Analysis AUD/USD for Friday, August 8, 2014 In recent hours the AUD/USD is easing back a little after dropping so sharply in the last 24 hours from above 0.9350 down to a two week low at 0.9260. In ...
DAX drops on a weak German Data and Russian sanctions
August 7th, 2014
Germany’s benchmark stock index entered correction territory on Wednesday, hitting a low of 9030.72 points—10.15 percent down from a high point on June 20. Strategists blamed the worsening situation in Ukraine, and weak data out of Germany. The DAX ...
Aussie Tumbles as Jobless Surge Revives Rate-Cut Bets; Yen Falls
August 7th, 2014
Australia’s dollar fell by the most in a month as traders revived bets on central bank interest-rate cuts after the unemployment rate jumped to the highest level since 2002. The Aussie weakened at least 0.5 percent versus all of ...
Asia stocks cautious, bonds up on Ukraine tensions
August 7th, 2014
Asian share markets got off to a cautious start on Thursday, with Japanese stocks pulling further away from six-week lows as a Russian troop build-up on the border with Ukraine sapped risk-appetite and pushed global bond prices higher. Global ...
Australia 200 – Returns to Familiar Territory Below 5500
August 7th, 2014
Australia 200 for Thursday, August 7, 2014 After being on quite a roll for several weeks, the Australian 200 Index has fallen sharply over the last week returning back to more familiar territory between the 5400 and 5500 levels. ...
Technical Analysis AUD/USD – Receives Solid Support from 0.9300
August 7th, 2014
Technical Analysis AUD/USD for Thursday, August 7, 2014 In the last half day the Australian dollar has surged higher to a one week high near 0.9375, before easing back slightly in recent hours. It has done well of late ...
