8 October, 2015 by The TZ Newswire Staff Comments Off on Ride-hailing company Lyft partners with Hertz, Shell
Ride-hailing company Lyft partners with Hertz, Shell
Lyft has partnered with Hertz Global Holdings to offer rental cars to its drivers, the ride-hailing company said on Thursday.
8 October, 2015 by The TZ Newswire Staff Comments Off on ForexLive Asia FX news wrap: Subdued Friday, but plenty of weekend action to come
ForexLive Asia FX news wrap: Subdued Friday, but plenty of weekend action to come
Forex news for Asia trading Friday 9 October 2015
Australia, New Zealand
China
The Dij on Greece
A subdued Friday in Asia on FX markets following the release of the FOMC September Minutes in the US afternoon.
8 October, 2015 by The TZ Newswire Staff Comments Off on Asia’s mighty currency bounceback
Asia’s mighty currency bounceback
Asia’s markets are bouncing back from a selloff that sent some regional currencies to their lowest level since the late 1990s.
8 October, 2015 by The TZ Newswire Staff Comments Off on Central bankers speaking over the weekend … BOE, BOC, and maybe ECB
Central bankers speaking over the weekend … BOE, BOC, and maybe ECB
Yes, its that time of week again where the central bankers gather to drop pearls of wisdom while the markets are closed.
The weekend it’s the IMF conference in Lima, Peru.
8 October, 2015 by The TZ Newswire Staff Comments Off on Recap of Australian housing finance data today … ‘dog’s breakfast’
Recap of Australian housing finance data today … ‘dog’s breakfast’
A client note from Westpac on the Australian housing finance data earlier today
(here)
From Matthew Hassan, Westpac Senior Economist
– data was the proverbial ‘dog’s breakfast’
…
8 October, 2015 by The TZ Newswire Staff Comments Off on Dollar Demolition Extends To 6th Day As EM/Asian FX Soars Most In Over 6 Years
Dollar Demolition Extends To 6th Day As EM/Asian FX Soars Most In Over 6 Years
As the odds of a Fed rate-hike this century drift asymptotically back towards zero, the stability-desirous central bankers of the emerging world are suddenly facing soaring currencies as hot money floods back into Emerging Asian markets. The Rupiah and Ringgit are up almost 3% overnight as everything from the Baht to the Won are surging against the USD. Asian FX is up 6 straight days against the USD (and 8 of the last 9) for the biggest 9-day gain since May 2009.
8 October, 2015 by The TZ Newswire Staff Comments Off on Short-Term Oscillators Overbought…Like in October Past?
Short-Term Oscillators Overbought…Like in October Past?
I really appreciate receiving your questions, emails and webinar comments. They so often will spur an article and it likely is of interest to many others if someone took the time to send it to me. So here is today’s question:
“As for short term indicators, e.g., STVO, how do you analyze overbought resulting in a pull back verses market continues upward staying overbought as it did in OCT 2014?”