30 March, 2016 by The TZ Newswire Staff Comments Off on Dollar on the defensive as Fed’s dovish message hits home
Dollar on the defensive as Fed’s dovish message hits home
Investors gave the dollar a wide berth early on Thursday as dovish comments from Yellen continued to resonate, dampening demand for the currency.
30 March, 2016 by The TZ Newswire Staff Comments Off on 1MDB probe finds $15M luxury spending by Malaysia PM: WSJ
1MDB probe finds $15M luxury spending by Malaysia PM: WSJ
Malaysia’s Najib spent as much as $15 million on luxury items, according to bank-transfer data from a Malaysian probe, The WSJ reported.
30 March, 2016 by The TZ Newswire Staff Comments Off on Opening indications for Chinese stockmarkets: Shanghai Comp to open +0.3%
Opening indications for Chinese stockmarkets: Shanghai Comp to open +0.3%
CSI300 index to open +0.4%
Even the Nikkei is getting with the program today, currently +0.27%!
30 March, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Malaysia leader spent $15 million on personal expenses, 1MDB investigation finds
The Wall Street Journal: Malaysia leader spent $15 million on personal expenses, 1MDB investigation finds
Malaysian investigation documents, viewed by The Wall Street Journal, contain bank-transfer information that provides the most complete picture to date of the money that flowed through the prime minister’s accounts over a five-year period, the majority of it, investigators say, originating from 1MDB.
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30 March, 2016 by The TZ Newswire Staff Comments Off on Yellen-Driven Short-Squeeze Sends Bonds To Best Quarter In 4 Years
Yellen-Driven Short-Squeeze Sends Bonds To Best Quarter In 4 Years
After The Fed jawboned the world into the largest aggregate net short position in Treasuries in Q4 since 2010, its rapid realization that all is not well in the real world – and subsequent talking (and walking) back of rate-hike expectations – has sparked the biggest short-squeeze in 6 years and sent Treasuries up by the most since 2012. With odds collapsing for any more rate-hikes in 2016, as Yellen admits their forecasts are worthless, it seems – just as in 2010 – the bonds shorts have a way to go.
30 March, 2016 by The TZ Newswire Staff Comments Off on Swiss National Bank ready to act on CHF
Swiss National Bank ready to act on CHF
Comments from Nordea Markets on the Swiss franc and SNB
The
bank hasn’t changed its tone lately. Its latest message is that the CHF
is “significantly overvalued”, which we agree with.
30 March, 2016 by The TZ Newswire Staff Comments Off on Asia markets extend gains after dovish Yellen comments
Asia markets extend gains after dovish Yellen comments
Asia markets were higher on Thursday, after U.S. stocks extended gains overnight.