CNBC Comment: Romania risk hinges on euro fine print November 18, 2013 COUNTRIES once fell over each other to gain membership of the exclusive Eurozone club. But following four bailouts, the rich crowd now looks more like a liability. Romanian Prime Minister Victor Ponta’s face twisted into a wry smile when I asked him if he is waiting to see how the Eurozone appears in several years’ [...]
DailyFX: Analyst picks November 18, 2013 CURRENCY ANALYST CHRIS VECCHIO My pick: Stopped flat on euro-dollar and Aussie-dollar, long sterling-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days Both my short Aussie-dollar and euro-dollar positions started off strong, but were both stopped out at break-even after Janet Yellen made clear her intent [...]
Golf Comment: That was greatest performance, tee to green, that I’ve ever seen November 18, 2013 HENRIK Stenson’s win on Sunday was not just the culmination of an extraordinary run of form; it was the greatest performance in a tournament, tee to green, that I have ever witnessed. From Thursday to Sunday, the Swede was sublime. He set a new course record of 25 under par, hit 68 out of 72 [...]
What you need to know before the open – 18/11 November 18, 2013 A quiet beginning to this week as European markets are set to get off to a slow start, with data from the US later in the week shedding more light on the impact of shutdown. Over in Asia, markets got a lift in trading today following the Third Plenum reforms announced last week. ETX [...]
What the other papers say this morning – 18 November 2013 November 18, 2013 FINANCIAL TIMES Fed considers delay to Volcker rule The Federal Reserve is considering a delay in the compliance date for the highly anticipated Volcker regulation, giving banks additional time to conform with its provisions, according to people familiar with the matter. The Fed has the option of delaying the compliance date in one-year increments. It [...]
All-conquering Stenson is best in the world November 17, 2013 RACE to Dubai runner-up Ian Poulter hailed champion Henrik Stenson as the “best player on the planet” after his six shot victory at yesterday’s DP World Tour Championship brought the curtain down on a triumphant 2013 for the Swede. Stenson, who won the US PGA Tour’s FedEx Cup in September, added the European Tour title [...]
Janet Yellen tops WSJ’s Fed forecasters November 15, 2013 The Wall Street Journal (WSJ) has examined and scored on accuracy over 700 predictions made between 2009 and 2012 in speeches and congressional testimony by 14 Fed policymakers. Janet Yellen, the woman the Whitehouse want to be chair of the Federal Reserve, topped their chart. The newspaper used the following benchmarks: gross domestic product for [...]
US exports miss as New York business conditions take a hit November 15, 2013 US export prices fell 0.5 per cent in October, following expectations of no increase and September's 0.3 per cent rise. Import prices fell 0.7 per cent, after expectations of a 0.2 per cent fall after September's 0.2 per cent increase. Business conditions in the manufacturing sector have taken a tumble, according to the NY Empire [...]
What you need to know before the open – 15/11 November 15, 2013 US markets continue to see record highs on the back of Janet Yellen's easy money talk yesterday, and their Asian counterparts followed suit in Friday trading. But European markets, whilst gaining of the Fed chair elect's comments, did not respond with the same enthusiasm. One reason for this could be that Europe has a weaker [...]
Yellen flies flag for easy money November 14, 2013 MARKETS cheered yesterday as Federal Reserve chair nominee Janet Yellen mounted her defence of the Fed’s radical quantitative easing (QE) to the US Senate, raising hopes that the country’s ultra-loose monetary policy will be continued. Yellen, known for her dovish stance which favours low interest rates, used her testimony to defend QE, which has so [...]