18 September, 2014 by The TZ Newswire Staff Comments Off on FX Markets In Turmoil On Scottish Vote & Japan Economic Downgrade
FX Markets In Turmoil On Scottish Vote & Japan Economic Downgrade
Cable (GBPUSD) is surging as the first results from the Scottish Referendum hit and a resounding “No” to independence appears confirmed. Almost back to pre-Scottish-Vote-fears level (1.66), cable is up 250 pips in the last 24 hours (its biggest move in over a year).
18 September, 2014 by The TZ Newswire Staff Comments Off on BofA Says Bearish Bonds Means Bullish Greenback
BofA Says Bearish Bonds Means Bullish Greenback
US Treasuries are breaking out, according to BofAML’s Macneil Curry, which is very supportive of the US dollar (especially against the JPY and EM FX). The only caveat, he warns, keep a close eye on fixed income volatility…
Via BofAML,
5yr Treasuries are breaking out. This is supportive of the US $ against ¥
US Treasuries yields are on the move, resuming their long term uptrend.
18 September, 2014 by The TZ Newswire Staff Comments Off on Thursday Market Wrap-Financials Lead
Thursday Market Wrap-Financials Lead
It was one of those days, for me anyway, where the market was strong but my stocks didn’t do much. The S&P made more all time closing highs and the Nasdaq is at all time closing highs. The DOW made more all time closing highs too and even the Russell popped a little bit.
This is all happening while rates are ticking higher, which from my perch is very bullish action. The dollar backed off bit today though, but it needed a rest.
18 September, 2014 by The TZ Newswire Staff Comments Off on iPhone 6 global launch kicks off with a bang
iPhone 6 global launch kicks off with a bang
Apple enthusiasts around the world proved their unflinching loyalty yet again during the global launch of the iPhone 6 on Friday.
18 September, 2014 by The TZ Newswire Staff Comments Off on Sterling soars on Scottish vote, Asian shares rise
Sterling soars on Scottish vote, Asian shares rise
The British pound rose sharply after the Scottish independence vote indicated Scotland would remain in the United Kingdom, while Wall Street’s overnight gains and Alibaba Group’s red-hot initial public …
18 September, 2014 by The TZ Newswire Staff Comments Off on Why Global Growth Is So Disappointing
Why Global Growth Is So Disappointing
Submitted by Salient Partners’ Epsilon Theory blog,
Take your instinct by the reins
You’d better best to rearrange
What we want and what we need
Has been confused, been confused
– REM, “Finest Worksong” (1987)
The politics of dancing
The politics of oooh feeling good
– Re-flex, “The Politics of Dancing” (1983)
18 September, 2014 by The TZ Newswire Staff Comments Off on No!
No!
I presume everyone knows by now, but I haven’t seen other bloggers discuss the election. The Scottish independence campaign lost badly.
That’s probably why the Spanish stock exchange was up sharply earlier today. Markets are the first to know.