Money Markets

Statement Issued on February Employment Numbers USA

Secretary of Labor Hilda L. Solis issued the following statement on the February 2012 Employment Situation report released today: “Our nation’s labor market continued to register solid growth in the month of February. The economy added 233,000 private sector jobs last month, while the unemployment rate held steady at a three-year low of 8.3 percent. [...]

Euro Crisis: Greece Update

Progress reported in Greek debt swap talks Progress was achieved during “productive” talks held in Athens Thursday between the Greek government and private creditors regarding the sovereign debt write down, the Institute of International Finance (IIF) said. “Progress was made and talks will be continued Friday,” according to a statement of IIF. The sources said [...]

Read More » No comment January 22, 2012

Emerging Markets: Latin America

Development bank chief confident about Latin America’s economic recovery Latin America can maintain regional financial stability in face of the international economic crisis with a strengthened financial system and controllable foreign debt, the chief of the Development Bank of Latin America (CAF) said Wednesday. Both its satisfactory foreign debt status and social stability are positive [...]

Read More » No comment January 12, 2012

RMB 6.323 vs.USD

China’s Yuan weakens to 6.323 vs.USD Thursday The Chinese currency Renminbi, or the Yuan, weakens 75 basis points to 6.323 against the USD Thursday, according to the China Foreign Exchange Trading System. In China’s foreign exchange spot market, the yuan is allowed to rise or fall by 0.5% from the central parity rate each trading [...]

Read More » No comment January 12, 2012

Gold, SIlver and Oil Trading, GLD, SLV, USO

SPDR Gold Trust (ETF), NYSE:GLD, iShares Silver Trust (ETF), NYSE:SLV, United States Oil Fund LP (ETF) NYSE:USO The Overall Fundamentals Reversing weakness early in the week, commodities generally gained on weekly basis as EU leaders said they would formulate plans to recapitalize the banking system. And non-standard easing measures were announced by the ECB and [...]

Read More » No comment October 10, 2011

Lagarde Meets Old Boss Sarkozy

IMF chief meets France’s Sarkozy over Euro debt General Director of the International Monetary Fund, Ms. Christine Lagarde arrived Saturday Noon at the Elysee Palace for a talk with French President Nicolas Sarkozy over the European debt issue. The IMF chief’s visit was on the eve of Mr. Sarkozy’s departure to Berlin where he will [...]

Using Supply and Demand in Stock Market Trading

An efficient capital market is one in which security prices adjust rapidly to the arrival of new information and, therefore, the current prices of securities reflect all information about the security. What this means, in simple terms, is that no investor should be able to employ readily available information in order to predict stock price [...]

Alexandre Tombini on Brazil

Brazil’s Central Bank President Alexandre Tombini said Friday that the current Global economic and financial turmoil could become even worse, but Brazil will take necessary measures to prepare the Country against potential risks. Mr. Tombini, speaking at the Brazil-US Chamber of Commerce conference, said that if the crisis worsens, the Brazilian central bank may adjust [...]

Read More » No comment September 25, 2011

Goldman Sachs (NYSE:GS) Exit Euro

Goldman Sachs exits Long EUR vs. USD recommendation: 4.2% loss GS Goldman Sachs (NYSE:GS) said Friday it has exited a Long EUR recommendation, a trade that would have lost 4.2%. The Euro’s drop below $1.35 means “our Long EUR-USD recommendation has been Stopped Out for a theoretical loss of 4.2% including the Carry,” the bank [...]

Read More » No comment September 23, 2011

Foreign holdings of US Treasury securities down in July

Foreign holdings of US Treasury securities down in July Total foreign holdings of US long-term securities in July dropped to US$4.478-T from the revised US$4.4956-T in June, the 2nd monthly decline amid the bipartisan wrangling over raising the government’s debt ceiling, the U.S. Treasury Department reported on Friday. The figures reflect demand for US Treasury [...]

Read More » No comment September 16, 2011

Investor Services

Private Equity Takes a Hit in Q1 2012

Most private-equity and hedge funds typically take 20 percent of investment gains as carried interest, on top of 2 percent of assets as a management fee to …