AUDUSD: The pair rallied strongly higher during Wednesday trading session breaking above its Nov 252011 high at 1.0106 and its daily 200 ema at 1.0236 to test a high of 1.0330. This is coming on the back of its corrective recovery started from the 0.9663 level on Nov 232011. On continued upside… read full...
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Monthly Archives: November 2011
Capital goods keep New Zealand import volumes at high levels
Seasonally adjusted import volumes rose 2.7 percent in the September 2011 quarter, Statistics New Zealand said today. The rise was mainly due to capital goods, such as plant and machinery. Import volumes are at their second-highest level since the series began in 1990. Imports are now 1.8 percen… read full news Published: Thu, 01...
Oil Vs. Dr. Strangelove
Mention nukes, and most oil bulls think Iran. But speculators bidding Nymex crude back above $100 a barrel Wednesday should recall a fundamental aspect of nuclear strategy. Classic Cold War nuclear deterrence rested on the concept of mutually assured destruction. In practice, this meant that if y… read full news Published: Thu, 01 Dec...
Australian PMI: Flat conditions persist in manufacturing
Manufacturing activity remained flat in November according to the latest Australian Industry Group – PwC Australian Performance of Manufacturing Index (Australian PMI). The Australian PMI was broadly unchanged, up just 0.4 points to 47.8, to remain below the 50 points level separating expansion… read full news Published: Thu, 01 Dec 2011 07:49
Dow saves the month after central banks’ move
Stocks surged more than 4 percent on Wednesday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt crisis from spiking a credit crunch. Based on the latest available data, the Dow Jones industrial average jumped 490.05 points, … read full news Published: Thu, 01...
Dow saves the month after central banks’ move
Stocks surged more than 4 percent on Wednesday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt crisis from spiking a credit crunch. Based on the latest available data, the Dow Jones industrial average jumped 490.05 points, … read full news Published: Thu, 01...
One Trader Recounts Literally Losing His Mind As Lehman Brothers Exploded
Jared Dillian went from the Coast Guard to high finance, only to crack up as the global economy did the sameand he was inside the biggest ticking time bomb of all, Lehman Brothers. His thoughts, at the time, are a chilling look at what the melt down did the to the people closest to...
VIX Tumbles to Three-Week Low
The markets fear gauge was poised Wednesday to finish the trading session with its most placid reading in three weeks as U.S. stocks soared while investors cheered a raft of developments in Europe, the U.S. and China. The Chicago Board Options Exchange Volatility Index fell 7.8% to 28.24 in earl… read full news Published:...
Beige Book – November 30, 2011
Overall economic activity increased at a slow to moderate pace since the previous report across all Federal Reserve Districts except St. Louis, which reported a decline in economic activity. District reports indicated that consumer spending rose modestly during the reporting period. Motor vehicle… read full news Published: Thu, 01 Dec 2011 04:49
Q&A: dollar swaps why central banks are acting together on eurozone crisis
Why did six of the world’s central banks, including the US Federal Reserve and the Bank of England, announce new co-ordinated action on Wednesday? What are the central banks doing? They are taking action together to prevent the markets’ panic about the future of the eurozone and the health o… read full news Published:...