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The Swiss National Bank and the People’s Bank of China reached a currency swap agreement this week. While this is not a huge trend changer in the near-term, it demonstrates that our forecast for China to become the largest economy and to be the next

A gauge of the dollar advanced the most in four months as reports showed signs of improvement in the U.S. labor market before the Federal Reserve meets debate the pace of interest-rate increases. The U.S. currency climbed to an eight-month high

Opinion: Forces have converged, putting an end to the age-old investment profession The signs are everywhere on Wall Street. Trading floors that once buzzed with noise and energy are now as silent as cathedrals . Big firms that reaped huge profits

Some interesting news crossed the tape late afternoon yesterday when it was reported that the silver bullion banks (Deutsche Bank, Bank of Nova Scotia and HSBC) were sued for manipulating the silver fix in a class-action lawsuit. However, a closer

This week, in the aftermath of the Q1 -2.9% GDP disaster, the biggest "non-recessionary" drop in 67 years which was blamed on harsh weather (because there have never been harsh winters in the past 67 years), we get the first glimpse of what Q2 GDP

Get ready for 48 hours — and a little more — of the most intense outpouring of information on the U.S. economy you’re likely to ever see. The schedule between Wednesday and Friday includes second-quarter GDP, a Federal Reserve decision, July

Foreign-exchange volumes in the U.S., U.K. and Australia fell in April from a year earlier, according to reports from the world’s biggest central banks, amid subdued price swings and a probe into trading activity. Average daily currency turnover in

The Federal Reserve has a choice to make this week, whether or not to attempt to shake markets out of their complacency by highlighting that the first rate hike may come sooner than expected or that rates could rise faster than expected. After all

To join The Pros & The Cons, a speakers’ bureau for white-collar criminals, one first must be convicted of embezzling money, committing securities fraud, or simply using company checks to pay off a personal credit card. Members of this exclusive club

It's all over but the crying: having explained Argentina's position (i.e. not giving to so-called vulture funds), Economy Minister Kicilloff explains: *KICILLOF SAYS HEDGE FUNDS NOT WILLING TO GIVE DELAY ON RULING *KICILLOF SAYS HARD TO BELIEVE

Things just went to 11 on the Spinal-Tap amplifier of massive infectious disease outbreaks. As AP reports , the Ebola outbreak that has killed more than 700 people in West Africa is moving faster than the efforts to control the disease, the head of

The European Union (EU) is still in the midst of an economic slump. Many members of the political class in Brussels claim that fiscal austerity is to blame. But, this diagnosis is wrong. The EU's problem is one of monetary, not fiscal, austerity

Back in early 2013 we warned in article after article, that as a result of Abenomics, Japan is facing an economic disaster of epic proportions. We recapitulated this topic most recently in June, when our forecasts were proven correct, and we

With the spigot of propaganda wide open and Washington appearing increasingly bent on instigating the next war, we thought lessons from past "wars" might help the people when thinking about what is spoon-fed to them each and every day. "To Sell A

And scene... in what is an oddly honest moment for a central banker, Mario Draghi just admitted there-ain't-no-stopping-us-now: *DRAGHI SAYS ECB WOULDN'T RAISE RATES IF BUBBLES EMERGE So BTFD, BTFATH, and BTFWWIII as no matter what, the central

Is This a Temporary Slump or a Lasting Shift? UBS AG UBSN.VX -0.12% 's trading floor in Stamford, Conn., once teemed with traders occupying a space equal to two football fields. The Guinness World Records recognized it as the biggest such facility on

Who best to summarize what Yellen just said (aside from Bernanke of course, however he will demand at least $250,000/hour for his profound insight), than the bank which actually runs the NY Fed: Goldman Sachs. So without further ado, here is

We received trade execution reports from an active trader who wanted to know why his large orders almost never completely filled, even when the amount of stock advertised exceeded the number of shares wanted. For example, if 25,000 shares were at the

The European Central Bank (ECB) on Thursday laid out plans to publish a trove of data on individual banks - ranging from measures of their leverage to a standard level of non-performing loans - on individual banks when it completes a landmark review

It's been an exceedingly quiet night of trade in the currency market with most majors remaining in very narrow, 20 pip ranges as summer doldrums and lack of any meaningful economic data have created a state of paralysis in FX. In Asian session trade