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FX Trading Update: EUR/USD, AUD/USD, USD/JPY
Economist and Hedge Fund Manager Shayne Heffernan takes a look at EUR/USD, AUD/USD, USD/JPY trading live from Asia Europe Market Snapshot Yesterday marked some heavy losses on indices all over the world as more bad data coming from several big U.S. companies was mixed with bad news from the bank of Spain saying the recession [...]
US Dollar hits 4-Month Low
US Dollar hits 4-Month Low 10-Yr: +08/32..1.655%.. USD-JPY: 78.25.. EUR-USD: 1.2790 The US Dollar Index pushed below the 81.00 level earlier this morning before hovering near 80.25 for most of the session. The selling has dropped the “Greenback” to its worst level in 4 months as traders ready for next Thursday’s FOMC rate decision. EUR-USD [...]
John Mauldin EuroCrisis Update
For the last year I have been writing that it is not clear that Europe (with the probable exception of Greece) will in fact break up. The forces that would see a strong fiscal union are quite powerful. In today’s letter, I will try to bring you up to date on some insights I have [...]
Indonesia makes US$1-B loan to IMF
Indonesia makes US$1-B loan to IMF Indonesia has confirmed to give US$1-B loan to the International Monetary Funds ( IMF) as the international financial institution praises the country’s economy and reminds to take prudent monetary policy to face risks ahead. Indonesian Central Bank Governor Darmin Nasution said the bank would buy IMF bond and the [...]
Money vs. Fiat Money
The Value of Real (sound) Money vs. Fiat Money (unsound) Money Today’s worldwide Paper or “Fiat-,” money regime is an economically and socially destructive scheme, one with far-reaching, harmful economic and societal consequences that extend beyond what most people can imagine. Fiat money is inflationary; it benefits a few at the expense of many others; [...]
Municipal Bond Markets: Dancing On The Head Of A Pin
Insightful, Weekly Commentary about Municipal Bond Markets Often we look for macro issues and trends to help define direction and opportunity in the municipal bond market as a whole. However, there is an element of potential opportunity in the narrower realm of the pre-refunded municipal bond segment. As of June 25, 2012, these bonds offered [...]
Is QE-3 likely after the May sell-off?
After shedding 275 pts or 2.2%, its biggest 1-day fall since November, the DJIA closed at 12,118.57 pts. With a grim labor market and the uncertainty of the European debt crisis, the US economy may not recover anytime soon. The Big Q: will the US Federal Reserve step in and do what the investors have [...]
Greece a Tragedy of European Politics
“A tragedy is a representation of an action that is whole and complete and of a certain magnitude. A whole is what has a beginning and middle and end” Aristotle We have seen the European Central Bank take part in the Greek bond swap. Great news? No. Their bond inventory is simply being rolled over. [...]
Euro Under Pressure as Europe Enters Recession
Confirmed EuroZone in Recession The Big Q: has the EuroZone has slipped back into recession? The Big A: Yes. Data from Markit show that “EuroZone business activity contracted in February.” The Composite Outlook Index, Services PMI Activity Index and EuroZone Manufacturing PMI came in at 49.4, 49.7, and 49, all below the critical 50 level. [...]
Corruption Spreads in Europe
Corruption considered major problem in Europe About 75% of Europeans believe that corruption is a major problem in their country, according to the latest Eurobarometer survey published by the European Commission here on Wednesday. Almost half of the respondents think that the level of corruption in the country has risen over the past three years, [...]
Ireland Falls Victim to Austerity
Ireland outlines EUR1.4-B cut in recurrent spending for Y 2012 Ireland’s Minister for Public Expenditure and Reform Brendan Howlin announced Monday the government will reduce recurrent expenditure by EUR1.4-B next year. In an address to parliament, Mr. Howlin said the government was taking “very difficult decisions” that were required to protect the “long-term and strategic [...]
Retailers and Bankers at Odds in Australia
Australian retailers want banks to pass on rate cut to consumers The Australian National Retailers Association (ANRA), representing the Country’s leading retailers, Tuesday urged Australia’s banks to pass on the full rate cut by the central bank to boost consumers spending during the Christmas Season. The Reserve Bank of Australia (RBA) Tuesday announced its decision [...]
US consumer credit dives 4.6%
US consumer credit dives 4.6% in August US consumer credit decreased at an annual rate of 4.6% in August, the largest monthly drop in 16, which indicates a struggling economic recovery, according to the US Federal Reserve Friday. Total borrowing in August dropped to US$2444.9-B from the revised figure of US$2454.4-B in July. The US [...]
Unity Lacking in the European Union
Merkel and Barroso stress EU solidarity to stem crisis German Chancellor Angela Merkel and European Commission President Jose Manuel Barroso Wednesday urged more solidarity and co-ordination at the EU level amid efforts to contain the worsening debt crisis in the EuroZone. After Ms. Merkel’s visit to the commission, the heads of the EU’s paymaster and [...]
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China Economy in for a Shock
Thursday’s PMI revived investor worries about whether China can sustain an economic revival this year, after annual growth slumped to a 13-year trough in 2012. China’s factory output and investment performance for April released earlier …
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UAE Economy Seeing a Spring Boom
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Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …
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The Hot List
Enviro-Serv Inc (OTCMKTS:EVSV), Medical Marijuana Inc (OTCMKTS:MJNA)
Enviro-Serv Inc (OTCMKTS:EVSV)
EVSV had a stellar dy yesterday, ut it looks like it is just the begining of big things, good …
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Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
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