Manufacturing activity remained in positive territory in January, according to the latest Australian Industry Group – PwC Australian Performance of Manufacturing Index (Australian PMI). The latest seasonally adjusted index expanded slightly in the month, up 1.4 points to 51.6 (readings above 50… read full news Published: Wed, 01 Feb 2012 07:49
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Monthly Archives: January 2012
Gold, Silver Winning 2012 Asset Return Race With 11 Months Left
Gold outperformed (+0.5%) today (as the rest of its commodity peers lost ground on USD strength today) and Copper and Silver underperformed. But for January, Silver is the clear winner in the global asset return race (at almost a 20% gain) with Gold in 2nd place at around +11.2%. JGBs and the DXY …...
Hedge Fund Portfolio Manager Gets Five Lap Dances Before 5 P.M.
A portfolio manager from a large hedge fund that we won’t name (yet) insisted two guys cancel their afternoon meetings one day last week so they could all go to a strip club. The pair agreed with the PM’s request and hit the club at 3 p.m. Of course, there wasn’t the usual strip...
Swiss Franc’s Bulls Get Ready For SNB’s Intervention
Switzerland is renowned for watches, knives and chocolates. How about bazookas? A showdown between Switzerland’s central bank and investors bullish toward the Swiss franc appears inevitable as the euro sinks ever closer toward a 1.20 franc trading floor officials set last September. That means… read full news Published: Wed, 01 Feb 2012 07:49
Swiss Franc’s Bulls Get Ready For SNB’s Intervention
Switzerland is renowned for watches, knives and chocolates. How about bazookas? A showdown between Switzerland’s central bank and investors bullish toward the Swiss franc appears inevitable as the euro sinks ever closer toward a 1.20 franc trading floor officials set last September. That means… read full news Published: Wed, 01 Feb 2012 06:49
Europe May Be Planning 1.5 Trillion Euro Backstop Fund
Europe could have a ‘super’ 1,500 billion ($1,969 billion) debt firewall by the summer under plans to combine three funds of 500 billion each. The Financial Times Deutschland reported on Tuesday that the plan was discussed at a meeting on the sidelines of the recent World Economic Forum in Davos… read full news Published:...
Why the Latest Euro Zone Debt-Crisis Agreement Shows How Europe Just Doesnt Get It
I just landed in Rome for some on-the-ground reporting on the latest twists and turns in the euro zone debt crisis, and I immediately got some sound insights from our reporter here, Stephan Faris. Stephan watches the situation in Italy more closely than I do, and he makes the point that Rome simply… read...
USDJPY: Takes Out The 76.54 Level, Sets Up For The 75.54 Level
USDJPY: With USDJPY decisively violating its key support at the 76.54 level, risk of further declines is very high. This technical development now leaves the pair aiming at the 75.57 level, its Oct 302011 low where a break will resume its long term downtrend towards the 74.00 level ahead of the 73… read full...
USDJPY: Takes Out The 76.54 Level, Sets Up For The 75.54 Level
USDJPY: With USDJPY decisively violating its key support at the 76.54 level, risk of further declines is very high. This technical development now leaves the pair aiming at the 75.57 level, its Oct 302011 low where a break will resume its long term downtrend towards the 74.00 level ahead of the 73… read full...
Chinas Jan Manufacturing PMI Key to AUD & Sentiment
The governments CFLP official version for the Manufacturing PMI is expected to show a month of contraction albiet very slight with a reading of 49.8. In December the PMI registered at 50.3, but was below the 50 threshold separating expansion from contraction in November. Chinas manufacturin… read full news Published: Wed, 01 Feb 2012...