11 January, 2016 by The TZ Newswire Staff Comments Off on US Stock Market: 5 Indicators Signal Selling Exhaustion
US Stock Market: 5 Indicators Signal Selling Exhaustion
It was a proverbial catastrophe in stock markets in the first week of 2016. Major markets across the globe lost between 6% and 10%, in a matter of 5 trading days. That has never happened before. We do not anticipate a 2008/9 scenario right here, as our set of indicators is signaling extreme…
11 January, 2016 by The TZ Newswire Staff Comments Off on Fed’s Kaplan: Confident US inflation will rise to 2% by end of 2017
Fed’s Kaplan: Confident US inflation will rise to 2% by end of 2017
Robert Kaplan, the new head of
the Dallas Federal Reserve Bank
more to come
11 January, 2016 by The TZ Newswire Staff Comments Off on Australia – Credit card balances $51.3bn AUD (prior $50.6bn) & purchases $25.6bn AUD ($54.28bn)
Australia – Credit card balances $51.3bn AUD (prior $50.6bn) & purchases $25.6bn AUD ($54.28bn)
Australia – Credit card balances & purchases data for November.
(the data was very slow to hit … out now)
11 January, 2016 by The TZ Newswire Staff Comments Off on China press on the yuan, stocks
China press on the yuan, stocks
Via MNI this morning comes a couple of items of note in the Chinese press
China Securities Journal (The Journal quoting Bai Ming, a researcher with Ministry of Commerce):
11 January, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: China defends yuan, says betting against it is ‘ridiculous’
The Wall Street Journal: China defends yuan, says betting against it is ‘ridiculous’
Wagers that the yuan will slump 10% or more against the dollar are “ridiculous and impossible,” a senior Chinese economic official said Monday, warning that China had a sufficient tool kit to defeat attacks on its currency.
read more
11 January, 2016 by The TZ Newswire Staff Comments Off on U.S. crude oil prices approach 20 percent fall since beginning of the year
U.S. crude oil prices approach 20 percent fall since beginning of the year
U.S. crude prices continued a relentless dive early on Tuesday approaching a 20 percent drop since the beginning of the year as analysts scrambled to cut their 2016 oil price forecasts and traders bet on further price falls. U.S. crude West Texas Intermediate (WTI) (CLc1) were trading at $31.34 per barrel at 0805 GMT (0300 EDT) on Tuesday, down 7 cents from their last settlement and almost 19 percent lower than at the beginning of the year.
11 January, 2016 by The TZ Newswire Staff Comments Off on Exclusive: U.S., major automakers to announce safety accord Friday – sources
Exclusive: U.S., major automakers to announce safety accord Friday – sources
The U.S. government and a group of leading global automakers are set to announce a ground-breaking voluntary agreement at the Detroit auto show on Friday aimed at dramatically improving the industry’s safety, according to company officials.