27 January, 2015 by The TZ Newswire Staff Comments Off on Fed seen remaining patient with rate guidance amid global turmoil
Fed seen remaining patient with rate guidance amid global turmoil
The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery. The Fed’s first two-day policy meeting of the year concludes on Wednesday, and policymakers will likely restate their “patient” approach to raising rates, while also voicing faith that the economy will continue improving.
27 January, 2015 by The TZ Newswire Staff Comments Off on AT&T results beat Wall Street, shares rise after hours
AT&T results beat Wall Street, shares rise after hours
AT&T Inc (T.N) on Tuesday posted a quarterly net loss that was slightly slimmer than Wall Street expected, as its mobile device deals attracted more customers, but its users switched to other networks at a higher rate. AT&T shares rose about 2 percent in after-hours trading after closing at $32.81 on the New York Stock Exchange. Excluding items, AT&T earned 55 cents per share, beating analysts’ forecasts by a penny.
27 January, 2015 by The TZ Newswire Staff Comments Off on Oil drops more than 1 percent on firm dollar, U.S. stock build
Oil drops more than 1 percent on firm dollar, U.S. stock build
Oil fell more than 1 percent on Wednesday as the dollar strengthened, while an industry report showing a larger-than-expected rise in U.S. crude inventories also dragged on prices. Crude futures settled up more than 2 percent on Tuesday when the dollar index posted its biggest fall since early October amid soft U.S. data that cast doubts about the underlying optimism on the outlook for the world’s biggest economy. “The key driver for oil prices in the last few days has been currency fluctuations … we had seen some weakness in the U.S.
27 January, 2015 by The TZ Newswire Staff Comments Off on JPMorgan profited from soaring Swiss franc: Bloomberg
JPMorgan profited from soaring Swiss franc: Bloomberg
JPMorgan netted $250 million to $300 million on the day the Swiss National Bank (SNB) removed the franc’s ceiling of 1.20 against the euro, Bloomberg said, citing the people. JPMorgan was not immediately available for comment. Citigroup Inc (C.N), Deutsche Bank AG (DBKGn.DE) and Barclays Plc (BARC.L) ran up cumulative losses of about $400 million as a result of the SNB’s move, Bloomberg quoted the people as saying.
27 January, 2015 by The TZ Newswire Staff Comments Off on Average Annual Normalized VIX Futures Term Structure, 2004-2014
Average Annual Normalized VIX Futures Term Structure, 2004-2014
One graphic I post periodically that never fails to generate a great deal of interest among traders, strategists and other volatility aficionados is my normalized VIX futures term structure graph. From 2008 – 2013, the annual normalized term structure was notable in that almost every year was an outlier in one way or another.
27 January, 2015 by The TZ Newswire Staff Comments Off on The Swiss Franc Will Collapse
The Swiss Franc Will Collapse
By Keith Weiner
I have worked to keep this piece readable, and as brief as possible. My grave diagnosis demands the evidence and reasoning to support it. One cannot explain the collapse of this currency with the conventional view. “They will print money to infinity,” may be popular but it’s not accurate. The coming destruction has nothing to do with the quantity of money. It is a story of what happens when interest rates fall into a black hole.
27 January, 2015 by The TZ Newswire Staff Comments Off on Paul B. Farrell: Time to invest in Big Oil? Not now, maybe never
Paul B. Farrell: Time to invest in Big Oil? Not now, maybe never
Here are eight reasons not to risk your retirement portfolio speculating that the price of crude oil will rebound this year.
read more