7 August, 2014 by The TZ Newswire Staff Comments Off on Asian shares skid as Obama authorizes air strikes in Iraq
Asian shares skid as Obama authorizes air strikes in Iraq
Asian shares tumbled on Friday as investors sought out safe-haven assets on growing fears that conflicts in Ukraine and the Middle East could sap global growth, extending losses after U.S. President Obama said he had authorized air strikes in Iraq. Obama said in an address that he authorized targeted strikes to protect the besieged Yazidi minority and U.S. personnel in Iraq, after the Iraqi government requested help. U.N.
7 August, 2014 by The TZ Newswire Staff Comments Off on Cockamamie Casino Capitalism
Cockamamie Casino Capitalism
7 August, 2014 by The TZ Newswire Staff Comments Off on China Trade Balance Explodes To Record High As July Exports Double Expectations
China Trade Balance Explodes To Record High As July Exports Double Expectations
Filed in the “are you kidding us” folder… Chinese exports rose an astounding 14.5% YoY in July (the biggest surge since April 2013 and double the 7.0% YoY expectations). Chinese imports plunged 1.6% to 4-month lows, dramatically missing expectations of a 2.6% YoY gain.
7 August, 2014 by The TZ Newswire Staff Comments Off on Strong exports drive China trade surplus to record high
Strong exports drive China trade surplus to record high
China delivered a strong set of trade data on Friday, helping to temper losses in Asian stock markets spooked by escalating Middle East tensions.
7 August, 2014 by The TZ Newswire Staff Comments Off on Israel: "Terrorists Have Violated The Cease-Fire"
Israel: "Terrorists Have Violated The Cease-Fire"
Well that didn’t last long…
Once again, Hamas has violated a cease-fire. pic.twitter.com/3OPa5vViC2
— IDF (@IDFSpokesperson) August 8, 2014
Moments ago, 2 rockets fired from Gaza hit southern Israel. Terrorists have violated the cease-fire.
— IDF (@IDFSpokesperson) August 8, 2014
And then…
7 August, 2014 by The TZ Newswire Staff Comments Off on Markets Turmoil As President Obama Authorizes Air Strikes On Iraq "To Prevent Genocide"
Markets Turmoil As President Obama Authorizes Air Strikes On Iraq "To Prevent Genocide"
In an effort to prevent genocide, President Obama has authorized US military action in Iraq “to protect Americans”:
- *OBAMA SAYS HE’S AUTHORIZED TARGETED AIR STRIKES IN IRAQ
- *OBAMA SAYS HE’S AUTHORIZED HUMANITARIAN DROPS FOR REFUGEES
Global equity markets and Treasury yields are tumbling. President Obama concluded: “Today, America Is Coming To Help Iraq”… Again!
Humanitarian aid has begun…
7 August, 2014 by The TZ Newswire Staff Comments Off on Thursday Market Wrap- Bears Still Running Amok
Thursday Market Wrap- Bears Still Running Amok
Last nights blog pinned 1929 as short term resistance, we hit it today (within a few cents) and died a a fast death, about 18 handles from the high of the day to the close. For the day the SPX/DOW were -0.50%, and the NDX/NAZ were -0.45%. Bonds gained 15 ticks, Crude added 65 cents, Gold rose $5, and the USD was higher too.
Short term, the levels remain the same as last night. Short term support is at 1901 and 1869, with resistance at 1929 and SPX 1943.