The Traderszone Network

JPMorgan Chase’s Thursday morning earnings might mean good news for other banks, according to one analyst.

Forex news for US trading on July 14, 2016:
Markets:
– Gold down $9 to $1333
– S&P 500 up 11 points to fresh record 2163
– US 10-year yields up 6.3 bps to 1.54%
The big news on the day came before US trading ramped up. The BOE didn’t cut rates as expected and that led to a big rally in GBP. The cable highs came immediately after the announcement and at 1.3475. We finish 130 pips lower and it fell as much as 160 pips. The lack of follow through initially suggests plenty of appetite waiting in the wings to sell. But that could also being a fuction of the BOE pre-committing to easing in August.

Interest rates have created “irrational competition,” Warren Buffett reportedly concurred in a meeting.

A report in the Nikkei – the headline splashing across from the good people at Bloomberg
no further details at present
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Its long been a goal of the Japanese administration to get a circle of higher prices and higher wages chasing each other, the idea being that this will end the deflation there and spur growth. So far  though, it hasn’t been real successful.

The U.K.

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Image source: Getty Images.

eBay (NASDAQ: EBAY) and Overstock (NASDAQ: OSTK) are direct competitors in e-commerce, and both companies offer attractive potential for gains in the years ahead. However, there are some important differences between the two e-commerce players in areas such as fundamental quality and valuation. Which one should you place a bid for: eBay or Overstock?

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