Gold will come under further pressure over the course of the year as the Federal Reserve moves closer to lifting rates, but prospects for the precious metal looks far more promising in the next few years, according to Bank of America Merrill Lynch...
The bank, which declined to comment on the identity of the workers, said today: "We can confirm that two members of staff have been suspended as part of the on-going FX investigation at the bank...
Can stocks rise in spite of weak earnings growth? (SKrisiloff) What is Google’s Market Share for Search? (Priceonomics) see also YouTube: 1 Billion Viewers, No Profit (WSJ) On Scarcity (TRB) New-Home Sales Are Surging. Why Aren’t Existing Homes As Hot...
On Thursday global equities reached a new record and bond yields sank to fresh lows, as investors positioned for an extended era of cheap money ahead of the European Central Bank's looming bond-buying plan...
US stocks opened lower after the release of mixed US economic data, including softer-than-expected inflation figures...
On Thursday gold remained in a positive territory, as markets estimated a series of U.S. data on initial jobless claims, consumer price inflation and durable goods orders...
New Hampshire representative Eric Schelen recently proposed the inclusion of Bitcoin for state tax purposes...
On Thursday the single currency slipped lower against its US counterpart, as demand for the latter slightly strengthened ahead of a string of U.S. economic reports...
On Thursday Japanese stocks resumed their victories, rising to a fresh 15-year high after breaking a five-session winning streak in the previous session...
On Thursday copper prices rose to a six-week highs, as China market returned to business following a week-long holiday due to the Lunar New Year. The Asian nation is the world’s largest copper consumer, accounting for almost 40% of world consumption last year...
On Thursday the New Zealand dollar rose against greenback, to trade close to a one-month high after the release of strong New Zealand trade balance data...
From the right and left (hawk and dove) came these rhetorical statements/questions: Senator Richard Shelby of Alabama, Chairman of the Banking Committee said, “Many question whether the Fed can rein in inflation and avoid destabilizing asset prices when the time comes to unwind its massive $4...
US DOLLAR TECHNICAL ANALYSIS Prices are struggling to find follow-through after falling as expected having formed a bearish Evening Star candle pattern. Near-term support is at 11740, the 14.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 23...
The Nasdaq is doing the most bullish thing a market can do (MarketWatch) but see As FTSE Hits a 15 year Record, Beneath the Surface... (Moneybeat) Climbing the Great Wall of Worry in China (Market Anthropology) The Winners Curse: Too Big to Succeed...
On Wednesday oil prices traded higher, as investors weighed improving economic data from China against signs of a continuing supply glut in the U.S, says The Wall Street Journal...
On Wednesday gold prices edged higher during European trading hours, as China's New Year celebrations finished and as uncertainty over US interest rate rises weighed on the dollar...
The dollar was broadly lower against a basket of other major currencies on Wednesday after Federal Reserve Chair Janet Yellen appeared to indicate that the bank is in no hurry to raise interest rates...
On Wednesday the pound climbed to nearly two-month highs against the greenback, after data showed that last month U.K. mortgage approvals rose more-than-expected, while comments by Federal Reserve Chair Janet Yellen put the U.S. dollar under the pressure...
