10 December, 2015 by The TZ Newswire Staff Comments Off on USD/CAD can’t catch a breather as it hits another 11-year high
USD/CAD can’t catch a breather as it hits another 11-year high
USD/CAD rises another 30 pips
The thing about a market with no resistance is that it rises easily.
Oil is lower and that’s an easy signal for USD/CAD buyers. The US dollar is broadly stronger and that’s the other factor.
10 December, 2015 by The TZ Newswire Staff Comments Off on Credit Suisse Warns On China: "Some Companies Are Having To Borrow To Pay Staff Salaries"
Credit Suisse Warns On China: "Some Companies Are Having To Borrow To Pay Staff Salaries"
During October, the credit impulse in China rolled over and died.
10 December, 2015 by The TZ Newswire Staff Comments Off on Texas Police Chief Warns Obama Of "Approaching Revolution", Urges Citizens To Arms Themselves
Texas Police Chief Warns Obama Of "Approaching Revolution", Urges Citizens To Arms Themselves
Randy Kennedy, the chief of the Hughes Springs Police Department (in Texas), is the latest in a string of police chiefs across the nation urging citizens to arm themselves following the recent mass shootings in Colorado Springs and San Bernardino.
In this brief clip, Kennedy warns President Obama that trying to take away American’s guns will “cause a revolution,” adding that the 2nd Amendment is “there to protect us against a government that has over-reached its power,” exclaiming “you are not our potentate, sir. You are our servant.”
10 December, 2015 by The TZ Newswire Staff Comments Off on ISIS made $500M selling oil to Syria, Turkey: US official
ISIS made $500M selling oil to Syria, Turkey: US official
ISIS sold oil to the government of Syrian President Bashar al-Assad and some finding its way to Turkey, a U.S. Treasury official said.
10 December, 2015 by The TZ Newswire Staff Comments Off on USD positioning is relatively neutral, long USD into FOMC
USD positioning is relatively neutral, long USD into FOMC
BNP Paribas expects the US Federal Reserve to hike rates by 25bp on Wednesday (16 December) and thinks current FX levels are attractive for putting on long USD positions
10 December, 2015 by The TZ Newswire Staff Comments Off on Asia stocks head for weekly loss as commodity rout saps confidence
Asia stocks head for weekly loss as commodity rout saps confidence
Asian shares edged higher on Friday but remained on track for a weekly loss as lower crude prices kept markets on edge after a broad rout in commodities heightened fears about receding global growth. A supply glut in oil markets, cooling growth in the world’s biggest commodities consumer China and prospects of an interest rate increase in the United States next week have made for a tense trading backdrop across most asset markets.
10 December, 2015 by The TZ Newswire Staff Comments Off on Special Report: Buybacks enrich the bosses even when business sags
Special Report: Buybacks enrich the bosses even when business sags
When health insurer Humana Inc reported worse-than-expected quarterly earnings in late 2014 – including a 21 percent drop in net income – it softened the blow by immediately telling investors it would make a $500 million share repurchase. In addition to soothing shareholders, the surprise buyback benefited the company’s senior executives. It added around two cents to the company’s annual earnings per share, allowing Humana to surpass its $7.50 EPS target by a single cent and unlocking higher pay for top managers under terms of the company’s compensation agreement.