10 July, 2016 by The TZ Newswire Staff Comments Off on Deutsche Bank Chief Economist: "Europe is Seriously Ill", Banks Need €150 Billion Bailout
Deutsche Bank Chief Economist: "Europe is Seriously Ill", Banks Need €150 Billion Bailout
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10 July, 2016 by The TZ Newswire Staff Comments Off on Moody’s comment on Australia – Fiscal consolidation remains key
Moody’s comment on Australia – Fiscal consolidation remains key
Bloomberg with some headlines from Moody’s ratings:
– Australian fiscal consolidation remains key
– Credit profile depends on fiscal implementation
More (via Reuters):
10 July, 2016 by The TZ Newswire Staff Comments Off on Nintendo shares soar 20% on hopes for Pokemon GO smartphone game
Nintendo shares soar 20% on hopes for Pokemon GO smartphone game
Nintendo shares soared more than 20 percent in Japan on hopes that the popularity of its new Pokemon GO smartphone game will boost results.
10 July, 2016 by The TZ Newswire Staff Comments Off on PBOC sets USD/CNY central rate at 6.6843 (vs. Friday at 6.6853)
PBOC sets USD/CNY central rate at 6.6843 (vs. Friday at 6.6853)
People’s Bank of China injects 30bn yuan via 7-day reverse repos
On Friday the China Foreign Exchange Trade System set the yuan against its basket at 94.25
10 July, 2016 by The TZ Newswire Staff Comments Off on Blind FX trader: “I hear the moves and make trades”
Blind FX trader: “I hear the moves and make trades”
A great story from Bloomberg on Vishal Agrawal, a forex trader at Standard Chartered in Mumbai
– Agrawal listens to price movements on the trading terminal via special speech-recognition software
Inspiring stuff,
10 July, 2016 by The TZ Newswire Staff Comments Off on "The World Is Walking From Crisis To Crisis" – Why BofA Sees $1,500 Gold And $30 Silver
"The World Is Walking From Crisis To Crisis" – Why BofA Sees $1,500 Gold And $30 Silver
With both stocks and US Treasury prices at all time highs the market is sensing that something has to give, and that something may just be more QE, which likely explains the move higher in gold to coincide with both risk and risk-haven assets. As of moments ago, gold rose above $1,370, and was back to levels not seen since 2014. Curiously, the move higher is taking place after Friday’s “stellar” jobs report, suggesting that someone does not believe the seasonally-adjusted numbers goalseeked by the BLS.
10 July, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Southern to buy 50% stake in Kinder Morgan natural-gas pipeline
The Wall Street Journal: Southern to buy 50% stake in Kinder Morgan natural-gas pipeline
Kinder Morgan Inc. on Sunday said it is selling a stake in a 7,600-mile natural-gas pipeline system to utility Southern Co.