We know that “money printing” distorts the level of relative prices in an economy because, at certain times, some prices may increase faster than other prices...
According to data compiled by International Monetary Fund (IMF), Ukraine cut gold reserves for a second month to the lowest since August 2005 as Russia bought bullion for an eighth month to take its holdings to the highest in at least two decades...
From Greg Canavan in Albert Park: --The Aussie market is set to follow up Friday’s massive rally with further gains today, although the action will be much more subdued. And with Christmas just a few days away, volumes will be much lower. --Anyway, all the fireworks occurred last week...
December 22, 2014 Santiago, Chile I want you to imagine this nightmare scenario for a moment. You walk into the grocery store and head down the aisles, family in tow, procuring your normal ration of foodstuffs for the fortnight. Something doesn’t make sense...
The scheduled Bitcoin Expo 2015 is expected to become a huge success for the digital currency in London: according to the organizers of the event, “The year of 2015 will begin in a grand style in London...
A former trader at Royal Bank of Scotland has become the first UK banker to be arrested on suspicion of rigging the £3.5trillion a day foreign exchange market. City of London police and the Serious Fraud Office arrested the unnamed man at an address in Billericay in Essex...
On Monday the US dollar was little changed against the other major currencies, moving towards five-year highs as expectations for a U.S. rate hike next year continued to support demand for the greenback. The Russian ruble gained ahead of major month-end tax payments in Russia...
Commerce Minister Gao Hucheng said expanding a currency swap between the two nations and making increased use of yuan for bilateral trade would have the greatest impact in aiding Russia, as Bloomberg reports...
Published around the 21st of each month, the Conference Board’s Index of Leading Economic indicators is made up of 10 sub indices which tend to move ahead of the overall Economy. The 10 sub indices are: 1...
PeerNova is not new to Bitcoin; however, in order to strengthen its presence in the ecosystem, the company recently organized a fund raising event and even managed to bag $8.6 million. The company announces that it is focused towards expanding the business on Blockchain-based enterprise products...
After Saudi Arabia Oil minster said the Global Oil Demand will rise in future.The Crude Oil Prices started to accelerate.The Weekly charts shows clearly japanese candlesticks Bullish hammer.More upside we will see in future. 13% fibo target 60.63 23% fibo target 66.50 38% fibo target 78.28...
What Happened When Marissa Mayer Tried to Be Steve Jobs (NYT Magazine) China is Planning to Purge Foreign Technology and Replace With Homegrown Suppliers (Bloomberg) • The most powerful financial regulators in the world — and they never asked for the job (Medium) Why the Oil Rout Has Spread Econo...
The diplomatic break-through between the United States and Cuba is clearly a major second-term coup for President Barack Obama, but in reality, the island nation’s willingness to expedite the pace of reform was forced upon it due to Venezuela’s diminishing ability to continue offering financial s...
Debt Trumps Democracy Every Time CALLUM NEWMAN Melbourne, Australia Saturday, December 20th, 2014...
Russian Ruble lost more ground against the dollar on Thursday before President Vlamidir Putin's end of year conference, expected to be dominated by what a government minister called a “perfect storm” hitting the economy...
"Physical gold demand in China and India were held back in 2014 amid high stocks and import controls, respectively," said Victor Thianpiriya, commodity strategist at ANZ. "Both these shackles have been removed, putting demand on a solid footing as we head into 2015...
How the Market Stole Christmas! (Macro Man) To save itself, Greece must exit the Euro (Telegraph) The First Casualty of a Bear Market (The Reformed Broker) Vanguard turns firepower on shake-up of financial advice market (FT) How Did Balanced Funds Weather the Crisis...
Monday, December 15, 2014 Russia Shocks With Emergency Rate Hike, Boosts Interest Rate From 10.5% To 17% EES: Russia raises rates from 10% to 17% EES: Is there ANY REASON why an investor would not want 17% return on their money? No more comment... From Zero Hedge...
Minutes of the Bank of England’s December meeting showed policy makers voted 7-2 to keep interest rates at a record low. This sent the pound sterling down versus the dollar...
The Russian ruble collapse has set off spectacular moves in currency markets and paved the way for a fresh four-year low for the Aussie as the rout in commodity prices proves unrelenting...
