8 February, 2016 by The TZ Newswire Staff Comments Off on They Broke the Silver Fix
They Broke the Silver Fix
Last Thursday, January 28, there was a flash crash on the price chart for silver. Here is a graph of the price action.
The Price of Silver, Jan 28 (All times GMT)
If you read more about it, you will see that there was an irregularity around the silver fix. At the time, the spot price was around $14.40. The fix was set at $13.58. This is a major deviation.
8 February, 2016 by The TZ Newswire Staff Comments Off on Germany trade balance Dec €+18.8bln vs +20bln exp
Germany trade balance Dec €+18.8bln vs +20bln exp
Latest German trade data out now
Another disappointing set of numbers and a reality check on the problems currently faced and ahead for the Eurozone’s largest economy.
8 February, 2016 by The TZ Newswire Staff Comments Off on Futures Movers: Crude remains under $30, getting only slight relief from dollar’s rout
Futures Movers: Crude remains under $30, getting only slight relief from dollar’s rout
Overnight weakness in the dollar also supported crude oil amid thin trading in Asia due to the Lunar New Year holiday.
read more
8 February, 2016 by The TZ Newswire Staff Comments Off on Hong Kong Approves Leveraged ETFs While Warning Traders of Risks
Hong Kong Approves Leveraged ETFs While Warning Traders of Risks
Hong Kong has authorized leveraged and inverse exchange-traded funds in the city, while adding a note of caution to investors.
8 February, 2016 by The TZ Newswire Staff Comments Off on Currencies: Panicked investors flock to the yen, shredding the dollar
Currencies: Panicked investors flock to the yen, shredding the dollar
The yen stretched its gains against its rivals, tracking its overnight strength on renewed concerns about Europe and tremors in the region’s banking sector.
read more
8 February, 2016 by The TZ Newswire Staff Comments Off on More from Morgan Stanley: BOJ will ease before July election
More from Morgan Stanley: BOJ will ease before July election
More from the US investment bank. Bloomberg reporting again.
– now expects “at least” one more round of BOJ easing before Upper House election in July
Previously MS had forecast no change for 2016 . This latest outlook comes from Tokyo-based senior economist Takeshi Yamaguchi.
8 February, 2016 by The TZ Newswire Staff Comments Off on Morgan Stanley lowers 2016 Russian GDP to -2.1% vs -0.8% prev
Morgan Stanley lowers 2016 Russian GDP to -2.1% vs -0.8% prev
US investment bank out with their latest note. Bloomberg reporting.
– No rate cuts until Q4 but a cut of 50bps in that quarter
We’ll bring you more detail if/as and when they’re published.