US Stock Is Falling This Is What You Should Do

There is suddenly stockmarket carnage on Wall Street shattering what has been a protracted period of low volatility and a mostly uninterrupted climb toward the moon for stocks. [read more]

S&P Closed -0.5% After Gaining 1.2%

S&P 500 closes lower in biggest reversal since February 2016 as rates pop         The S&P 500 pulled back 0.5 [read more]

Fed's J.Williams;

The Federal Reserve will stick to its plan for steady gradual interestrate increases a Fed policymaker said Wednesday despite market gyrations and strong data on U.S. wage growth that has bond traders pricing in faster rising inflation. I am going to try to dispel you of the myth that the Federal Reserve is going to overreact or somehow undermine the good news on [read more]

BoE Rate Decision, Thursday

Analysts at Nomura offer a brief preview on BOEs Super Thursday with no changes expected to the BOEs monetary policy program. However at some point in the near future we [read more]

SEC &CFTC Hearding: More Legitimate ICOs or

SEC and CFTC Hearing More Legitimate ICOs or If There Was No Bitcoin There Would Be No BlockchainThe Commodity Futures Trading Commision (CFTC) and US Securities and Exchange Commision(SEC) met the morning of February 6 2018 to discuss their roles in Blockchain virtual currencies and ICOs. Set in Washington D.C. at the Dirksen Senate Building the Committee on Banking Housing and Urban Affairs met in open session for about 2 hours. Before the hearing began testimonies were released on behalf of both witnesses.The PreTestimonies(these testimonies were released on February 5 [read more]

DJIA Closed 567 Points Higher, After 2 Days Sell-off

Dow closes 567 points higher after crazy market swings         The Dow closed 567.02 points higher and rose as much [read more]

Oil Rise On Lower US Crude Inventories

Oil rises on report of lower U.S. crude inventories stock market recoveryOil prices rose on Wednesday amid a share market recovery and supported by a report that U.S. crude inventories fell last week although analysts warned that soaring U.S. output and a seasonal demand drop could soon weigh on crude. Brent crude futures were at $67.44 per barrel at 0235 GMT up 58 cents or 0.9 percent from the previous close. [read more]

Jim Cramer: Stop Yourself From Panicking And Find The Sell-off Opportunities

Mad Money host Jim Cramer helps investors navigate the stock markets huge intraday decline by spotting buying opportunities and resilient stocks.Cramer encourages investors to stay calm and stick to their playbooks. As the stock market plunged on Monday taking the Dow Jones industrial average down almost 1600 points intraday CNBCs Jim Cramer wanted to help investors assess the drop.I hate to sound glib here but ... we were due for a decline. We just were the Mad Money host said. Markets do [read more]

Bitcoin At $6,400 Down 60% From January High.

Bitcoin falls below $7000 to twomonth lowThe digital currency falls below $7000 to its lowest since Nov. 14according to CoinDesk.The decline follows reports in the last week that have raised worriesabout increased regulation and potential price manipulation at a majorcryptocurrency exchange.The heads of the U.S. Securities and Exchange Commission and CommodityFutures Trading Commission are also set to testify before the Senate BankingCommittee on Tuesday.Bitcoin droppedbelow $7000 on Monday to its lowest in more than two months.The digital currency fellto a low of $6511.52 its lowest since mid November according to CoinDeskwhose [read more]

The Week Ahead 05-09 Feb

Meetings of the Reserve Bank of Australia (RBA) and the Bank of England (BoE) dominate the monetary policy sphere and while no changes are expected the comments will be worth watching.UK services purchasing managers index (PMI) and Institute for Supply Management (ISM) services in the US are other key points to watch. Meanwhile quarterly reports from Tesla Twitter and Disney are highlights on the US front. Monday12.45pm China Caixin services PMI (January) private sector growth expected to accelerate with [read more]

Is This A Buying On Dip Opportunity?

A rare phenomenon is gripping the market heres why one fund manager sees more pain aheadWall Streets worst week in two years is creating anxiety that more losses are ahead for investors.Russell Investments Douglas Gordon suggested recently that feeling may be justified. He contended an unusual phenomenon is creating nearterm challenges for the stock market.Youve got a late stage in the expansion where youve got tightening monetary policy. But youve got stimulative fiscal policy concurrent with that. Thats not only rare thats almost [read more]

Advised From CNBC Jim Cramer On The Sell Off.

 Cramers guide to the selloff Its not theend of the worldMad Money host Jim Cramer walks investors through the marketselloff how they should approach the action and what to buy.As the Dow Jones industrial average draggedstocks down 666 pointson Friday inan ominous end to the worst week for stocks in two years CNBCs Jim Cramerwanted to vet the upside.After months of an endless bull rally where it seemed like stocks couldonly go up not down Cramer was not surprised to see the markets firsttangible decline spark sheer panic.Im not disputing for one [read more]

What To Expect For US January Non-Farm Payroll

        calendar by     For unemployment an unchanged rate of 4.1% [read more]

5 Things To Know Before January Non-farm Payroll

Can Americas job market stay hot throughout 2018Thats the question after 87 consecutive months of job gains the longest streak on record.The Labor Department will publish the January jobs report at 830 a.m. ET. Here are five things to know before it comes out.1. Economists expect another healthy month They predict the United States gained 175000 jobs in January which would be more than the 148000 jobs added in December. Unemployment is expected to stay at 4.1% the lowest level since December 2000. And wage [read more]

BOJ plans to keep the current pace of bond buying in Feb.

Continuing with its efforts to dispel market speculation the Bank of Japan (BOJ) reassured to maintain its ultraloose monetary policy stance as the inflation remains far from the 2% target.  This follows earlier announcement wherein the BOJ lifted purchases for the first time since July last year. The USDJPY pair however had a rather muted reaction to the news and struggled to gain traction holding weaker below the 109.00 handle. source fxstreet [read more]

The UK to launch a Gold-back cryptocurrency

Reuters reports the latest headlines on the crypto markets citing that the UKs Royal Mint is planning to launch its own goldbacked cryptocurrency. Key Details One RMG coin is equal to one gram of gold a digital representation of gold stored in The Royal Mint vault. Its called Royal Mint Gold ... or RMG amongst friends. Meanwhile Tom Coghill Commercial Director at Royal Mint and responsible for the business development and sales of RMG noted its real gold youre holding [read more]

Fed Leave Rate Unchanged, As Expected.

The Federal Reserve announced on Wednesday it is leaving interest rates unchanged days before Chairwoman Janet Yellen is set to leave the central bank.The bank [read more]

US: Economic growth to continue through first half of 2018 - CB

The U.S. LEI continued rising rapidly in December pointing to a continuation of strong economic growth in the first half of 2018. The passing of the tax plan is likely to provide even more tailwind to the current expansion Ataman Ozyildirim Director of Business Cycles and Growth Research at The Conference Board noted on Thursday. Key quotes The gains among the leading indicators have been widespread with most of the strength concentrated in new orders in manufacturing consumers outlook on the [read more]

Oil Near 3 Years High $70

Oil prices shot to fresh threeyear highs on Thursday with Brent climbing atop $71 a barrel after the market saw another drop in U.S. crude inventory and the dollar continued to sell off.March West Texas Intermediate crude CLH8 0.76%  rose 67 cents or 1% to $66.29 a barrel knocking out the threeyear high the contract saw at Wednesdays close when it [read more]

Can Apple Stock Hit $1 Trillion Market Cap. And Stock Reach $200?

Apple Inc. (NASDAQAAPL) isnt as emotionally driven a stock as say Advanced Micro Devices Inc. (NASDAQAMD) Tesla Inc (NASDAQTSLA) or Chesapeake Energy Corporation (NYSECHK). But that doesnt mean AAPL stock doesnt have a fierce set of bears and bulls the latter of which has been winning the battle.Over the past 12 months AAPL has climbed an eyepopping 47%. Whys that so impressive Considering its $910 billion market cap Apple stock is just a stones throw from $1 trillion in market cap.In order for Apple stock to hit [read more]

The Week Ahead 22-26 Jan

Earnings season grinds on with a variety of US companies issuing updates.Key ones to watch this week include Netflix Intel and Caterpillar in the US. EventswiseUK employment data and central bank meetings in Japan and the eurozone are the main ones to watch for this week. Monday (time London time)1.30pm US Chicago Fed natl activity index (December) expected to rise to 0.44 from 0.15. Markets to watch US indices USD crossesTuesday3am BoJ rate decision no change in policy expected but [read more]

BoJ officials reported as saying current stimulus is needed for now

Bloomberg quoted an unnamed Bank of Japan (BoJ) official as saying that the current is needed for now while adding that the market is getting ahead of itself. Some BoJ officials see the need for future normalization talks Key Quotes A small shift is taking place in internal discussions among Bank of Japan policymakers with a minority raising the need to eventually start discussing policy normalization even though they agree the current stimulus program must continue unchanged for some time. [read more]

Bitcoin & Ethereum Suffered Massive Drops.

 Bitcoin and ethereum suffered massive drops but manycryptocurrencies are faring even worseMost major digital currencies sold off sharply on Tuesday but thedeclines in bitcoin ethereum and litecoin prices werentas bad as much of the rest of the market. [read more]

Stock Market Peak Still At Least A Year Away. Bank of America

Stock market peak still at least a year awayfund managers say in Bank of America surveyFund managers have reduced cash to the lowest level in five years andare at a twoyear high in allocation to stocks according to a Bankof America Merrill Lynch survey.Hedge funds have increased equity allotments to the highest level since2006.The moves come as stockbased ETFs have taken in $16.5 billion alreadyin 2018 as the S&P 500 has opened the year up 4.1 percent. Professional investors are going all in on the raging bull market reducing cash allocations to the lowest [read more]

The Week Ahead 15-19 Jan

US earnings to dominate the week with the US financial sector and IBM some of the big ones to watch for. In the UK miners retailers and a host of others update the market. [read more]

Bitcoin Stay Afloat $13,000

Bitcoin was posting modest gains on Monday holding above the $13000 level while Ripple prices were coming under pressure.The bitcoin spot price BTCUSD 2.80%  was at $13697.90 up 0.6% according to research site The cryptocurrency moved above $14000 on Saturday but has since pared those gains. On Monday the spot price has traded between a low of $13401.24 and a high [read more]

US Bank kick Off US Q4 Earning Seasons

They may seem more prestigious than plainvanilladeposittaking banks but Morgan Stanley and Goldman Sachs face the sameheadwinds as their peers as earnings season kicks off Friday.Both face onetime dings fromthe tax changesas reported inDecember.And both have excellent prospects for 2018 if strongereconomic growth around the world stronger inflation and choppier marketsemerge as expected.So JP Goldmanand Morgan Stanleywhich reportJanuary 12 and 18 respectively willjust have to hope that investors see the fourth quarter as one last hurdlebefore all the stars align for a brighter 2018. Heres what analysts [read more]

Oil Price Watching US Move On Iran

Oil pricesdeclined on Friday stepping back from threeyear highs as traders awaited theTrump administrations decision on whether to extend temporary waivers onsanctions against Iran.West Texas Intermediate oil for February delivery CLG8 0.44%  lost 35 cents or 0.6% to$63.45 while Brent for March LCOH8  [read more]

A Review Of US Stock Markets Performance

Stocks are finally set to take a breather on Wednesday. Buteven with the mild selloff its been an amazing start to 2018 on Wall Street.The Dow is near an alltime high. So are Dow transportation stocks. TheS&P 500. The Nasdaq. The small companies that make up the Russell 2000. Bigcorporations too Boeing (BA) Johnson & Johnson (JNJ) Fiat Chrysler (FCAU) Walmart (WMT) DowDuPont ( [read more]

US Equity Prediction For 2018, USATODAY

Its crystalball time for Wall Street stock strategists.For 2018 will it be a big gain for stocks Orlittle or no gain Depends who you ask.The most optimistic forecaster says the U.S. stockmarket  which has risen nearly 20% this year  will post anotheryear of sizable returns. The markets biggest skeptic thinks the rally willstall and stocks will end next year pretty much where theyre trading now.That said yearend predictions are more art thanscience. And predicting the future isnt necessarily Wall Streets strong suit.At the start of 2017 for example not a [read more]

Oil Highest Since 2015, But Can It Go Higher?

U.S. oil prices hit their highest since 2015 again on Tuesday as speculators bet on further price rises amid OPECled production cuts and a dip in American drilling activity though some warned the rally could run out of steam. U.S. West Texas Intermediate (WTI) crude futures were at $62.24 a barrel at 0252 GMT 51 cents or 0.8 percent above their last settlement. They earlier marked a May2015 high of $62.56 a barrel.Beyond that 2015high which was [read more]

The Week Ahead 08-12 Jan

While the US and Chinese consumer price index (CPI) will be important for markets and the beginning of US earnings season that will dominate the news flow this week. US banks take their traditional place at the head of the reporting season with the recent highs in US markets ensuring that the focus remains squarely on the health of corporate USA. Monday6 pm eurozone business confidence (December) expected to rise to 1.55 from 1.5. Market to watch EUR crossesTuesday1 pm Japan consumer confidence (December) forecast to increase to 45.1 from 44.9. Market to watch JPY crosses [read more]

NYSE To Launch

The New York Stock Exchange has filed for permission to launch a number of Bitcoinrelated exchangetraded funds (ETF) just one week into 2018.As reported by BusinessInsider a filing sent to the United States Securities and Exchange Commission shows that the exchange intends to launch five different ETFs offering bull and bear futures contracts on the Arca stock exchange.These EFTs will be linked to the price of Bitcoin futures listed on the CMEand Cboe exchanges which launched Bitcoin futures contracts in December 2017The target benchmarks value will be calculated as the [read more]

CNBC: 5 Predictions For Cryptocurrencies in 2018 - Including Stomach-Churning Drops, Bitcoin-Related IPO

Five predictions for digital currencies in 2018 including stomachchurning drops bitcoinrelated IPO         More institutions will get into cryptocurrencies [read more]


Japanese Yen and Swiss Franc are trading as the weakest major currencies for the week on strong global risk appetite. Nikkei is extending recent rally in the Asian session after hitting 26 years high yesterday. DOW S&P500 and NASDAQ also closed at record highs again overnight following the record high in FTSE. Commodity currencies and Euro are the main beneficiaries in the current market sentiments. Dollar on the other hand stays generally weak except versus Yen and Franc. Nonfarm payroll report in particular wage data will be key to whether the greenback can stage a turnaround. In [read more]

As Fed Up Next Year Economic Growth, Members Divided On How Many Rate To Be Hike

US central bankers are divided over how fast they will need to raise interest rates next year given differences over the causes behind the low inflation and wage gains seen to date according to a report released Wednesday.The minutes of the December 1213 policy meeting when the Federal Reserve raised the benchmark lending [read more]

US Indices Closed At Fresh All-Time High Wednesday

U.S. stockmarket indexes pushed further into record territory with the main benchmarks closing at fresh alltime highs Wednesday.The main benchmarks held on to earlier gains after [read more]

Bitcoin Past The Bubble Move, More Big Move Coming

Heavy volatility in the digital currency bitcoin is nothing new but recent trading activity suggests that investors hoping to see 2017s massive gains extended into this year shouldnt hold their breath.The worlds largest cryptocurrency has seen some massive price swings over the [read more]

If 2017 Is Good For Stocks, 2018 Will Be Even Better

By all measures 2017 was a stellar year for U.S. stocks with the Dow hitting several record highs and the S&P 500 closing at an eyepopping level of 2700.  But will the smooth sail continue this year Wall Streets bulls believe that sweeping tax cuts by the Republicanled Congress will add up to bigger profits and larger stock gains this year. The market is also expected to continue its winning streak banking on a rise in wages and more confident consumers. Needless to [read more]

CNN Money Look Into 2018 US Stock Markets

Stocks had a phenomenal year in 2017. 2017 is now over. So what comes next for the marketWell if the first trading day of 2018 is any indication things look promising. The Dow quickly leaped to a tripledigit point gain Tuesday morning. And many experts are predicting another solid year for U.S. stocks in 2018 albeit not as strong as last year.The S&P 500 rose about 20% in 2017. The Dow surged 25% while the Nasdaq soared nearly 30%. It will be hard to repeat that.Bill Stone chief investment strategist with PNC Asset Management [read more]

US Dollar To Weaken 5.0% In 2018, According To CiTi

The US Dollar is forecast to weaken in 2018 amidst a build up in foreignowned U.S. liabilities accelerating global economic growth relative to the U.S. and dampened inflation expectations. The largest dealer of foreign exchange in the world Citibank is bearish the Dollar in 2018 expecting the worlds reserve currency to lose up to 5.0%. Releasing their latest set of Dollar forecasts Citi reckons one of the main reasons for the expected weakness in the Dollar is the buildup of large foreignowned positions in US financial markets which are at risk of being redeemed and repatriated.Conversely the position [read more]

The Week Ahead 02-05 Jan18

The Week Ahead (Time HKSG)Tuesday [read more]

King Of Cryptocurrency To Recover Or Crash To $6,000?!

          Bitcoin recovers some losses after its worst week since 2013 [read more]

What Should Investors Be Most Worried About In 2018

Wevepublished dozens of articles on the subject in the past several months withadvice from analysts calls from prominent traders and other analyses of thesubjects keeping investors and MarketWatchs editorial team awake at night.Here we bring all those worries and watchers to you in a single big fatlist.Call it theultimate New Years reading list for the concerned investor hiding inside eachof us after a 2017 in which the Dow Jones Industrial has broken a record forbreaking records the S&P 500  has rallied 20% and nothing seemedto get investors down for long.1.Bitcoin [read more]

Apple Face Lawsuits After Saying It Slows Down Old iPhone, Stock Price Fell

Apple faces lawsuits after saying it slows down aging iPhones         Apple defrauded iPhone users by slowing devices without warning to compensate for poor battery performance several lawsuits claim [read more]

Bitcoin Boom Remind Investors The Important Of Diversify

        A bitcoin implosion couldspill over into stock market warns Wells Fargos Chris Harvey        A significant amount of froth exists in the marketfor bitcoin Litecoin and other cryptocurrencies said Wells Fargos ChrisHarvey.        The risk of implosion could easily trickle [read more]

 Bitcoin falls by more than $2000 in 12 hours         Bitcoin fell through the psychologically key level of $14000 before regaining some lost ground [read more]

BoJ kept Rate Unchange

Japanscentral bank leaves its monetary policy unchanged        The Bank of Japan released its [read more]

NYSE Arca Applying Bitcoin ETFs With SEC

NYSE Arca an exchange owned by New York Stock Exchangesparent company has resubmitted an application with the SEC to list a pair ofBitcoinbacked exchangetraded funds or ETFs that would tracknewlyintroduced Bitcoin futures contracts.The two products would be known as the ProShares Bitcoin ETF and theProShares Short Bitcoin ETF. Proshares filed for essentially the same products in September but the futures they proposed to track hadntyet been introduced.Other bitcoin [read more]

Senate Pass US Tax Bill

WASHINGTON The House forced to vote a second time on the$1.5 trillion tax bill moved swiftly to pass the final version on Wednesdayclearing the way for President Trump to sign into law the most sweeping taxoverhaul in decades.House lawmakers approved the tax bill 224 to 201 onWednesday after being forced to vote on the bill again after lastminuterevisions were made to it in the Senate which passed the measure 51 to 48early Wednesday morning.The final House vote [read more]

Bitcoin Drop More Than 12% As Market Player Start Accepting & Trading Bitcoin Cash

Bitcoin drops more than 12% as top cryptocurrency marketplace starts supporting rival bitcoin cash         coinbase said Tuesday that customers can now buy and sell bitcoin cash [read more]

US Senate PassSweeping Tax Bill

The House on Tuesday approved the most sweeping tax overhaul in decades voting along party lines to enact deep and permanent tax cuts for corporations and temporary cuts for individuals.The vote puts Republicans closer to final passage of the $1.5 trillion tax cut as the Senate prepares to vote on the final bill on Tuesday.However the Senate parliamentarian has rejected three provisions from the Senate bill saying they violate the socalled Byrd rule. This means the House will have [read more]

US Stock, The USD, The Oil, The Gold

Stocks buying momentum continued into US trading with the S&P 500 Dow Jones Industrial Average and techheavy Nasdaq Composite all setting new alltime peaks. The S&P 500 ended the day 0.5 percent higher and the Dow Jones Industrial Average was up 0.6 percent.The Nasdaq Composite surging above the 7000 level for the first time was the highlight of US tax cut optimism that pushed global stocks to their best daily performance in five months. The Nasdaq Composite rose to a high of 7003.891 points but closed at 6994.76 for a gain of 0.6 percent. That took [read more]

ETHUSD Burst New High With Network Transaction Speed

Ethereum new high continuedinto today as the digital currency topped $845. This brought Ethereums marketcapitalization to an astonishing over $72.5 bln. Transaction throughputThe networkstransaction speed and fee normalisation seem to have influenced the priceincrease. Cofounder Vitalik Buterin posted on Twitter that theEthereum network surpassed 10 transactions per second for an entire day onTuesday.This has brought downunconfirmed pending transactions considerably. Ethereum and Bitcoin in recenttimes have been experiencing huge numbers of pending transactions. According Ethereum processed a record 828899 Transactions on Tuesday. [read more]

25 Companies That Will Benefits From Trump's Tax Plan

Hereare 25 companies that will benefit the most from the GOP tax planWallStreet analysts have been hard at work giving clients ways to play tax reform.Wesee benefits for many U.S. companies especially those with high corporate taxrates and considerable overseas cash and investments CFRAs researchteam wrote Wednesday.President DonaldTrump and the Republican Congress will likely pass tax reformin the near future. Wall Street analysts have been hard at work giving clientsways to play this big moment for the markets.House and Senate negotiators have reached adeal on a [read more]

CME Debuts Bitcoin Futures But Jan2018 Off High

CME Groups longawaited bitcoin futures trading began today the Jan. 18 contracts opened above $20000 but is now losing it grip now down 750 trading at $18750 on the world biggest futures exchange.Coming months after the Chicagobased derivatives exchange operator first revealed plans to launch dedicated products for bitcoin the launch took place at 6 p.m EST today. The opening price for the January contract was $20650 $1150 over the presettled price of $19500.Since the opening bitcoin on major exchanges are seeing price continuing Sunday slid off Friday high at time of writing Bitcoin was at $18164. [read more]

The Week Ahead Dec 18

Reserve Bank of Australia (RBA) minutes a Bank of Japan (BoJ) rate decision US durable goods orders and eurozone consumer confidence are the main events to watch out for in what is a quieter week as markets gear up for Christmas.Monday10am eurozone inflation (November final) YoY figure expected to be 1.5% from 1.4%. Market to watch EUR crossesTuesday12.30am RBA meeting minutes these will shed further light on the [read more]

Analyst Who Predicted Bitcoin's Rise Now Sees It Hitting $300,000-$400,000

        Ronnie Moas in July put a $5000 price target onbitcoin when it was at $2600        The [read more]

If you Brought This 4 Cryptocurrencies At The Beginning Of The Year

          Litecoin Founder Charlie Lee wants people to stop fussing over the rally in the cryptocurrency [read more]

FOMC to raise the federal funds rate by 25bp – HSBC

HSBC Analysts offered their thoughts on what the Federal Reserve (Fed) is likely [read more]

Cboe Bitcoin Futures Up Almost 20% On First Day Of Trading

Bitcoin futures surge more than 19% during the first day of trading         The bitcoin futures launched under the XBT ticker [read more]

Cboe Start Bitcoin Futures

Bitcoin jumps higher as futures trading begins on Cboe         The new futures can be monitored on [read more]

Central Bank And The Week Ahead

It is a busy week for central banks with the Federal Reserve (Fed) Bank of England (BoE) and European Central Bank (ECB) all on the agenda. Only the Fed meeting is expected to see any substantive changes to policy but the others will remain interesting given the potential for changes in language or outlook.Monday4.30am JPN Machinary order yoyTuesday9.30am UK CPI (November) expected to rise to 3.1% YoY from 3% and 0.2% MoM from 0.1%. Core CPI expected to increase to 2.8% from 2.7% YoY. Market to watch GBP crosses [read more]

‘FOMC almost certain to deliver the third rate hike of 2017’ – Goldman Sachs

Goldman Sachs Analysts came out with a brief preview on their expectations on the final FOMC meeting of this year with a rate hike widely pricedin by the markets.Key QuotesFOMC almost certain to deliver the third rate hike of 2017.Attention is likely to focus on the outlook for 2018 and beyond.In particular on how the Federal Reserve will react to a tax reform that now appears likely to become law.The economic data have improved slightly on net since the FOMC last met in early November.Growth momentum has remained [read more]

The Futures Exchange May Stabilize Bitcoin Price

The cryptocurrency market has had a banner year thanks to the meteoric rise in bitcoin prices and the huge popularity of initial coin offering as a new way of fundraising.Many people are buying into new digital tokens with the assumption that those virtual currencies will appreciate over time at levels similar to bitcoin or [read more]

US November Non-Farm Payroll

The biggest economic event of the month is here the November jobs report.At 830 a.m. ET the Bureau of Labor Statistics will release the November jobs report which should show the economy added 195000 nonfarm payrolls in the secondtolast month of 2017. The unemployment [read more]

Bitcoin Up Almost $4,000 In 4 Days

Bitcoin blasts past $14000 less than 24 hours after crossing $12000Bitcoin crossed the $14000 mark after rising above $12000 less than 24 hours earlier.The digital currencys latest swing higher comes after a 20 percent plunge last week.The overall pace of gains has accelerated in the last several weeks ahead of the launch of bitcoin futures by major exchanges.Bitcoin rocketed higher Wednesday crossing the $14000 mark less than 24 hours after topping $12000.The landmark happened on the Coinbase exchange just before 6 p.m. ET and it traded as high as $14400 on that platform.That [read more]

Australia: Economy grew by 0.6% in Q3 - Westpac

(pictures Australian economy grew by 0.6% in Q3 a downside surprise [read more]

China November data to show economy facing pressure – Reuters Poll

According to the latest Reuters poll the Chinese data dump due to be [read more]

Tokyo Financial Exchange Preparing To Launch Its Own Bitcoin Derivatives Futures products.

Taking a cue from its U.S. rivals the Tokyo Financial Exchange is now preparing to launch its own bitcoin derivatives futures product.The Tokyo Financial Exchange one of Japans leading financial exchanges that counts the likes of JPMorgan Chase among its trading participants is set to join the mad rush among traditional financial institutions to support bitcoin as a financial product.The institution will first create a working group to study and research cryptocurrencies before listing bitcoin futures trading contracts according to chief executive Shoza Ohta. The listing which would become Japans first [read more]

Cboe Global Markets Inc. Will Launch Bitcoin Futtures Contract On Dec 10

Cboe GlobalMarkets Inc. will launch its bitcoin futures contract on Dec. 10 just over aweek ahead of rival CME Group Inc. as the exchange operator takes the nextstep toward launching an exchangetraded fund based on the digital currency.Bitcoins price has soared tenfold this year promptingmany market participants to warn of a bubble as it topped $11000 for the firsttime last week.Bitcoin futures and other derivatives would make iteasier for more investors and speculators to trade the new asset class. [read more]

The Week Ahead Dec 4-8

Last week the markets surged higher on hopes that Tax Cutswouldsoon be here. But that dream seemed to be shortlived on Friday at least atthe open as US president Trump General Mike Flynn guilty plead. US jobs numbers UK purchasing managers indexes (PMIs) Japan consumer confidence Australian GDP and ECB president to speak are the major events to [read more]

Bitcoin Touch Another High On Sunday

After a day of largely sideways trading the price of bitcoin is once again back in uncharted territory.Beginning at 1100 UTC bitcoin saw a sudden surge data from the CoinDesk Bitcoin Price Index (BPI) reveals rising from $11115 to set a new high of $11655 by the end of the hour. The nearly 5 percent gain saw bitcoin erase its previous alltime high of roughly $11300.Allinall bitcoin is up nearly 7 percent on the day rising more than [read more]

Opec & Russian To Extend Oil Production Cut

 OPEC and Russia agree toextend oil production cut to end of 2018OPEC and nonOPEC oil giant Russia have agreed to extend oil output cutsuntil the end of 2018 following hours of discussions in Vienna according totwo reports.The move was heavily signaled ahead of the decision but the oilproducers had earlier indicated they could exit the deal if they feel themarket was overheating.OPEC andnonOPEC oil giant Russia agreed Thursday to extend production cuts until theend of 2018 following hours of discussions in Vienna.The move was heavilytelegraphed ahead of the decision but [read more]

Bitcoin Consolidating, Investor Eyeing Technical Level For Next Entry

Bitcoin hovered around $9600 in volatile trade on Friday after tumbling about 15 percent from an alltime high hit this week as some investors warned ominously of a bubble and further falls in the stratospheric cryptocurrency. Bitcoin was down 2.8 percent at $9612 in early Asian trading on the Luxembourgbased Bitstamp exchange from a record peak of $11395 set on Wednesday. On Thursday it went as low as $9000.. [read more]

US Stock Closed Above 24,000 For The First Time

The Dow finished above 24000 points for the first timeThursday (Nov 30) surging with the S&P 500 to fresh records as the Senatetax cut plan moved closer to passage.The Dow Jones Industrial Average jumped 1.4 per cent an increase of morethan 330 points to end the session at 24272.35.The broadbased S&P 500 gained 0.8 per cent to end at 2647.58 whilethe techrich Nasdaq Composite Index advanced 0.7 per cent to 6873.97 fallingshort of its prior record set two days ago.Republicans in the Senate have so far set aside concernsabout the longawaited tax bill including estimates [read more]

Bitcoin Did A $2,500 Correction After Hitting $11,500

Rise above $11000gives way to 20 percent drop in 90 minutesMassive spike inexchange traffic leads to some outages It takes a lot to startle fans of bitcoin the digital goldof the moment. But Wednesday was well a lot a wild run of exuberant peaks and whiteknuckled declines that lefteven diehards breathless.The dizzying rally in bitcoin a bull market with few precedents ininvesting history was abruptly interrupted by a market outage in the U.S. thatseemed to captivate Wall Street even more than the days  [read more]

Nasdaq Plans To Launch Bitcoin Futures In Q2 2018

Nasdaq plans to launch bitcoin futures as early as thesecond quarter of 2018 according to exchange officials.The CBOE and the CME have also announced plans to launch futures tied tothe cryptocurrency shortly. A Nasdaq spokespersonsaid that the exchanges futures would differentiate from CBOE and CME becauseNasdaq would base its price off of 50 bitcoin sources from around the worldwhile CBOE is currently using one and the CME is using four.One issue facing bitcoin products is the issue of what happens if there isa hard fork i.e. what happens if bitcoin splits [read more]

OPEC And Russian Expected To Cut Production

OPEC meeting becomes Russianpsychodrama but deal still expected [read more]

Fed Dudley Say Not Concerned US Inflation Is A

Weak US inflation is not troubling even in the face of fullemployment one of the Federal Reserves more influential policymakers said onMonday reinforcing the central banks mantra that it is gradually raisinginterest rates.Im not particularly concerned that inflation is a little bit belowtarget New York Fed President William Dudley said at a forum hosted byUniversity of California Berkeley where he also weighed in on the dangers tothe United States of trade protectionism and he questioned the need for taxcuts.Mr Dudley a close ally of Fed Chair Janet Yellen who [read more]

Bitcoin Closing In On $10,000 Milestone, Time To Buy?

BITCOIN is rapidly closing in on yet another record.The value of thecryptocurrency continues to rise exponentially adding another 15% over the weekendto top $US9000 for the first time after breaking $US8000 only a week earliermarking its fastest 1000point rise ever.By Tuesday morning bitcoin was trading at $US9650 and it does feel like its just amatter of time before the digital currency hits the $US10000 milestoneaccording to IG Markets chief strategist Chris Weston. [read more]

Global growth to boost Japanese corporate earnings in 2018 - Moody's

Moodys Japan says that moderate global economic growth and solid domestic demand will [read more]

Bitcoin At Historical High This Monday, $9,694.90

        Bitcoin cracks $9600 justhours after breaking $9000 level        Bitcoin surged to yet another new record high onMonday [read more]

US Oil Dip On Increase Drilling, But OPEC Will Maintain Cut.

U.S. oil prices dipped on Monday easing from twoyear highs on theprospect of increased U.S. output although global markets were slightly bettersupported by expectations an OPECled supply cut will be extended. U.S. West Texas Intermediate (WTI)crude futures were at $58.65 a barrel at 0252 GMT down 30 cents or 0.5percent from their last settlement. Brent crude futures LCOc1 fell just 13cents or 0.2 [read more]

OPEC Have To Decide Whether To Extend Global Supply Cut.

OPEC will have todecide whether to extend global oil cuts without knowing whether theyretriggering a new flood of rival supply from U.S. shale producers.  Analysts gavediffering outlooks for U.S. shale output in a briefing to officials from theOrganization of Petroleum Exporting Countries stoking concern ahead ofOPECs planned meeting on Nov. 30 according to people with knowledge of thediscussions. The analysts included Andy Hall the veteran crude trader whoclosed his hedge fund this year said the people who asked not to beidentified because the  [read more]

US Unemployment At 4.1% May Tumble To 3.5% In 2019

Americas unemploymentrate has plummeted from 10% during the Great Recession to 4.1% today GoldmanSachs thinks its not done falling.Theunemployment rate is likely to tumble to 3.5% by the end of 2019 Goldman Sachspredicted in a report published late Friday.The last timeunemployment was 3.5% was December 1969 according to the Bureau of LaborStatistics.Such a scenariowould take the U.S. labor market into territory almost never seen outside of amajor wartime mobilization Goldman Sachs chief economist Jan Hatziuswrote.Its a remarkabletransformation given the millions of jobs lost and 10% unemployment experiencedin [read more]

Most Fed Member Favor Near Term Rate Hike: miutes

A majority of US central bankers favour raising benchmarkinterest rates in the near term signalling the Federal Reserve is likely totighten monetary policy next month minutes from their last meeting revealedWednesday.But sharp disagreements persist among policymakers over the dangers ofinflation and the need to raise rates according to the minutes of the FedsOctober 31November 1 meeting.Some members are also concerned that Wall Streets dizzying heights andrecordsmashing rallies could spell trouble.The Fed has raised rates twice in 2017 and markets widely expect it toadopt a third increase next month despite persistently [read more]

Keystone Pipeline Spill Send Oil Price Higher

The prospect of a prolonged cleanup from a leak along a large oil pipelinesent US crude prices higher on Wednesday as traders braced for lower suppliesfrom Canada. The Keystone pipeline which runs south from the Alberta oil sandsto American refineries spilled about 5000 barrels in South Dakota last weekowner TransCanada said. The incident took place four days before TransCanadawon a critical permit to build another pipeline south from the oil sands calledKeystone [read more]

RT News Host Believes Bitcoin Ultimately Reach $100,000

While the price ofmultiple cryptocurrencies continue to see their values soar the current priceof Bitcoin suggests it is still very much the father of digital money. MaxKeiser host of Russia Todays Keiser Report agrees and believes that Bitcoinwill ultimately reach a price of $100000.The price of Bitcoinhit an all time high over the weekend moving past the $8000 mark followingan uncertain couple of months that had the SegWit2x fork hanging over themarkets like a dark cloud. Yesterday Bitcoin continued its rise nearlytouching $8400 and establishing another all time high.Keiser believes thatBitcoins ability [read more]

ECB Draghi:

The head of Europes central bank thinks cryptocurrenciesare too lowimpact to regulate.Speaking to the European Parliament on Monday Mario Draghi said digitalcurrencies are not a threat to the ECBs control over the euro due to a lack ofadoption within the 27member economic bloc. As a result cryptocurrenciesimpact on the economy would be limited according to Reuters.He was quoted as telling lawmakersWe thinkthat all this is pretty limited. So its not yet something that couldconstitute a risk for central banks.Draghis [read more]

Bitcoin Futures Come To Live On Dec 11

New details have been posted about CME Groups upcomingbitcoin futures which barring any delays from regulators will starttrading on Dec. 11.The derivatives exchange operator has published information about thecontract launch on its website following CME CEOTerry Duffys headlinegrabbing announcement fromlast week. At the time Duffy said that trading could go live as early as thesecond week of December.Now the company has all but confirmed that statement writing on itswebsiteEffectiveSunday 10 December 2017 for trade date Monday 11 December 2017 andpending all relevant regulatory review [read more]

Euro Zone Recovery Is

The eurozones economic recovery is solid andbroadbased but the region still needs an ample dose ofmonetary stimulus because inflation remains too weak European Central Bankpresident Mario Draghi told European lawmakers Monday.Speaking at the European Parliament in Brussels Mr. Draghi warned thatinflation had yet to show convincing signs of a selfsustained upward trenddespite the improved outlook for economic growth.Eurozone inflation was 1.4% in October and is expected to temporarilydecline towards the turn of the year mainly due to weaker energy prices on ayearonyear comparison Mr. Draghi said. The ECB aims to keep inflation [read more]

Oil Regain Some Ground

Oil futures rose slightly on Tuesday on the heels of apullback that retraced some of the markets endofweek rebound.January light sweet crude onthe New York Mercantile Exchange CLJ8 0.07%  wasrecently up 5 cents at $56.45 a barrel in the Globex training session. BrentLCOJ8  [read more]

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You Think 2017 Surprisingly Good? Wait till 2018.

GoldmanSachs says if you thought 2017 was surprisingly good just wait for 2018        2017 is shaping up to be the first year of theexpansion in which growth surprises to the upside Goldman analystCharles Himmelberg says. [read more]

Oil At $56.67 But Market Remain Cautious Ahead Of OPEC Production Cut.

Oil markets were tepid on Monday as traders were reluctant to take onbig new positions ahead of an OPEC meeting at the end of the month when theproducer club is expected to decide whether to continue output cuts aimed atpropping up prices.Brent crude futures LCOc1 the international benchmark for oil prices were at$62.46 per barrel at 0052 GMT down 26 cents or 0.4 [read more]

Alibaba's Singles Day Beat Forecast By 20%, $33 Billions In 24 Hours

Investors closely watch the headline number though some analysts say the way it is calculated is too opaque.The [read more]

Bitcoin, What Happen? Where Next?

It has been a impressive weekend for Bitcoin now US$5842.17which is down by 30.2% ($2027.27) from Wednesday historical high of $7869.44. What HappenOver the weekend the Bitcoin price plunged as low as US$5507before recovering slightly amid disagreements about the future of Bitcoin amongdigital currency developers.These disagreements relate to an upgrade called SegWit2x which was calledoff last week just days before it was supposed to take place. The upgrade hadbeen proposed as a way of improving Bitcoins transaction speed and cost butsupport of the upgrade has softened [read more]

Eurozone Growth Forecast 2.2% From Previous 1.7%

The EUsharply raised its eurozone growth forecast for 2017 on Thursday confidentthat the economic recovery was gathering pace despite the uncertainties ofBrexit.The 19country eurozonewill grow by 2.2 per cent in 2017 its fastest pace in a decade the EuropeanCommission said in its autumn economic forecasts.This was substantiallyhigher than the previous forecast of 1.7 per cent and comes just after the EUslatest GDP growth figures resoundingly beat expectations.The commission said darkclouds that did exist included the outcome of Brexit talks beween EU andBritain as well as geopolitical tensions [read more]

Oil Price Risen 1% On Supply Cuts Geo-politics Tension

Oil prices have risen nearly oneper cent supported by supply cuts by major exporters as well as continuingconcern about political developments in Saudi Arabia.Brent crude oil was up 59cents or 0.9 per cent to $US64.08 a barrel by 11.30 am (0330 Friday AEDT)still close to Tuesdays intraday high of $US64.65 which was the highestsince June 2015.US light crude was up 46cents or 0.8 per cent at $US57.27 just shy of this weeks more than twoyear highof $US57.69 a barrel.The move is driven bydevelopments [read more]

Ethereum Is Here To Stay

There isirrational exuberance in the initial coin offering (ICO) market andits a technology thats here to stay the cofounder of Ethereum saidWednesday.Joseph Lubin told CNBC thatwhile there is a lot of excitement around ICOs the longterm potential of theprofoundly powerful technology is huge.Theres certainlysome irrational exuberance in the space its such a profoundly powerfultechnology that people are excited about it and I think that thats whatsdriving this rush into the ecosystem Lubin said in a TV interview at theWeb Summit technology conference in Lisbon Portugal.People tend to orgroups [read more]

BTCC Cryptocurrency Exchange CEO Bitcoin Not Expensive

Therewas a joke on social media some guy lost his sex drive because he sold bitcoinafter the China ban.And withthat Bobby Lee the CEO of Chinas oldest cryptocurrency exchange BTCClaunched into a scheduled speech extolling the [read more]

Growth, Profits & A Tone Down Trump Drive Asian Stocks Higher

BETTER daysahead are expected for regional equity markets which are now on a rollhitting fresh highs on the back of optimism in global growth and positiveearnings conditions as investors shrug off looming concerns.Analysts say all signspoint to an extension in the regional rally even if investors choose to takeprofits in the sessions ahead.IG analyst Jingyi Panbelieves the dips in regional indices have so far proven to beshallow as market sentiments are buoyed by economic conditions that arelikely to fuel the further gains in the near term. [read more]

Now Logistic Are Going Into Blockchain.

Global shipping giantUPS has joined a blockchain consortium focused on the trucking and shippingindustry.The aptlynamed Blockchain in Trucking Alliance (BiTA) announced today that the firm will help develop standardsaround the techs use for systems that track packages facilitate [read more]

OPEC Member Seek Production Cut

VIENNA (Reuters) OPEC isseeking to achieve consensus agreement before a meeting on Nov. 30 on how longto extend a global pact to curb oil production OPECs secretary general saidon Tuesday with no country unwilling to prolong the accord. TheOrganization of the Petroleum Exporting Countries plus Russia and nine otherproducers are cutting oil output by about 1.8 million barrels per day (bpd)until March 2018 [read more]

Oil Holds Near Two Years High On Prospect Of More Saudi Arrests

        Saudi attorney general says arrests just start of crackdown        U.S. crude stockpiles probably fell by 2.45 million barrelsOil tradednear the highest close in more than two years as political upheaval in topcrude exporter Saudi Arabia reverberated through a market where prices werealready elevated by signs of tightening supply. [read more]

EU Zone Retail Sales Surge Where UK Slid.

BRUSSELS (Reuters) A surge in sales of clothes furniture andelectrical goods boosted euro zone retail sales in September by more thanexpected despite a fall in motor fuel sales pointing to rising domestic demandas the economy gathers pace. The European Unions statistics office Eurostat said on Tuesday thatretail sales in the 19 countries sharing the euro rose 0.7 percentmonthonmonth for a 3.7 percent yearonyear jump. [read more]

Hedge Funds Are Pushing Bitcoin Price To New High

        Theprice of a single Bitcoin climbed from below $6000 two weeks ago to above$7400 on Monday more than it moved in the virtual currencys first sevenyears in existence. [read more]

What To Expect This Week For US

Earnings season is coming down the home stretch with a few notable namesyet to report and well get a few more clues about the direction of theeconomy.Donald Trump tripAfter an eventful week in which the Republicans rolled out their longawaited tax reform planthe president will now switch to an international agenda with a trip throughthe AsiaPacific region in an effort to drum up economic development.The tour begins in Japan whereTrump will meet with Emperor Akihito. Then hell do lunch with Prime MinisterShinzo Abe.From there Trump heads off to South [read more]

Japan Economic And Prices Outlook Gaining Momentum, BoJ's Kuroda Said.

NAGOYA Bank of Japan Governor Haruhiko Kuroda said onMonday that economic growth is gathering momentum and increasing the chances ofinflation hitting his 2 per cent target reinforcing market expectations thatno additional stimulus is forthcoming.Mr Kuroda said the central bank was closely watching the economic effectsof prolonged ultraeasy policy particularly the damage it could inflict onfinancial institutions margins.The current economic expansion doesnt rely on specific factors andis supported by various elements. We therefore see the expansion as highlysustainable Kuroda said in a speech to business leaders in Nagoyacentral Japan.The BOJ is mindful of [read more]

Today October NFP

Todaysnonfarm payroll report outlook is positively high markets expect 312000growth in the US employment market in October a strong rebound from Septemberdecline of 33000 cause by hurricanes Harvey and Irma. Unemploymentrate is forecasted to be unchanged at 4.2% in October. AverageHourly Earnings are expected to grow 0.2% month on month. The figurescould be heavily skewed as the aftermath of hurricanes. But judging from otheremployment related data the job market in US remained pretty healthy.ADP private payroll showed235000 growth in October up from Septembers 110000. Four week movingaverage [read more]

Fed's Dec Rate Hike Very Likely, Trump To Unveil Next Fed's Chair 3pm ET Thursday

Federal Reserve officialsreinforced expectations for a December interestrate increase by subtlyupgrading their assessment of the U.S. economy a day before President DonaldTrump plans to unveil his choice to lead the U.S. central bank.Economic activity has beenrising at a solid rate despite hurricanerelated disruptions the FederalOpen Market Committee said in a statement Wednesday following a twoday meetingin Washington at which they left rates unchanged as expected.After its meeting in Septemberthe FOMC said the economy was expanding moderately. Wednesdays statementmarked the first [read more]

BoE Expect To Rise Rate This Thursday

For morethan a decade interest rates in the UK have moved in only one direction down.But the Bank of Englands Monetary Policy Committee is expected to bring thisto an end on Thursday by announcing an increase from 0.25 per cent to 0.5 percent. The Bank has made a concerted effort since August to signal to themarkets that they should expect a rate rise so the event itself if it comesto pass will not be a surprise. Instead attention will focus on the forwardguidance and updated forecasts that accompany the announcement. Here are fourthings to [read more]

BREAKING NEWS: Jerome Powell To Be Next Fed Chair, & It Good For Stocks.

NEW YORK (Reuters) President Donald Trumps expected nomination on Thursday of Federal Reserve Board Governor Jerome Powell to be the next chair of the U.S. central bank likely will provide investors with some assurance of continuity in monetary policy supporting the eightyear long stock market rally but perhaps dealing a blow to those looking for a stronger U.S. dollar. [read more]

The market just did something unconventionaland it could spell even bigger gains aheadHistoricaltrends appear to be playing a significant role in where the stock market isheading next and thats good news for investors says strategist Sam Stovall.The chief investmentstrategist for CFRA in a note this week argues that the latest marketpatterns suggest this years recordbreaking rally is far from over.The market rose inprice in August September and October. And thats really only happened 12times since World War II. But in 11 of those succeeding times the market washigher in the [read more]

China Manufacturing PMI (caixin) Is 51.0 For October

    The CaixinMarkit manufacturing Purchasing ManagersIndex for October came in at 51.0 meeting expectations  That metric focuses on [read more]

BREAKING NEWS: CME To Launch Bitcoin Futures By Year End

CHICAGO Oct. 31 2017 CME Group the worlds leading and most diverse derivativesmarketplace today announced it intends to launch bitcoin futures in the fourthquarter of 2017 pending all relevant regulatory review periods.The new contract will be cashsettled based on the CME CF Bitcoin Reference Rate (BRR) which serves as aonceaday [read more]

Australian private credit: Housing slows, business consolidates after a solid half year - Westpac

Andrew Hanlan Research Analyst at Westpac points out that Australias total credit grew by 0.3% in September following gains of 0.5% in August and July.Key QuotesThe softer monthly outcome was due to a consolidation in business credit inching 0.1% higher which comes after a robust five months when gains averaged 0.5%. Housing credit continues to slow gradually with an increase of 0.48% following a 0.52% rise in August.Over the year to September 2017 total credit grew by 5.4% matching the outcome for September 2016. Annual growth [read more]

BOJ’s Kuroda: No change to our stance of proceeding with strong monetary easing

The Bank of Japan (BOJ) Governor Kuroda is on the wires [read more]

China factory growth seen easing slightly in October - RTRS poll

Results of the latest Reuters poll showed on Monday that a majority of the economists surveyed see the Chinese manufacturing activity slowing down this month in response to the Govts crackdown on air pollution. Key Findings The official manufacturing Purchasing Managers Index (PMI) on Tuesday is expected to come in at 52.0 for October down from 52.4 in September which was the highest in over 5 years according to a median forecast of 36 economists polled by [read more]

US: Expect a jump in payroll this week - ANZ

Analysts at ANZ expect a jump in US payroll this week and some [read more]

US Jobless Rise Modestly

The number of Americans filing for unemployment benefitsincreased less than expected last week suggesting the labour market continuedto tighten after recent hurricanerelated disruptions.Other reports on Thursday however offered a less favourable look at theeconomy. The goods trade deficit widened in September and retail inventoriesfell prompting the Atlanta Federal Reserve to trim its thirdquarter GDPgrowth estimate. In addition signed contracts to buy previouslyowned homeswere unchanged last month.Firms remain unwilling to release labour. The labour market is verytight said John Ryding chief economist at RDQ Economics in New York.Initial claims for [read more]

ECN & US Tech Earning Lift Asian Stocks and Push USD Higher

    Earnings from tech giants released after U.S. marketclose topped expectationsAsian markets rose in Friday trade as the euro extended losses afterThursday news from the European Central Bank. That followed U.S. stocks closingmostly higher and then several big name tech companies reportingexpectationtopping results.Markets on the moveFriday morning saw the Nikkei 225 tackon 0.94 percent as the [read more]

China to set a GDP growth target of

Bloomberg published its latest survey of economists on Friday offering their Chinese GDP targets for 2017 and 2018. Key Findings China should scrap annual gross domestic product growth targets altogether according to all but three economists of 17 who responded None forecast leaders will do so Instead they bet China will set a target for GDP growth of about 6.5 percent or 6.5 percent in 2018 according to 12 of 18 analysts polled. Five projects a range of 6 percent to 6.5 percent and [read more]

This News Will Push Bitcoin Pass $6,000 Again

Three factors converged to help the bitcoin price recover past $5960 onThursday enabling the flagship cryptocurrency to place itself within strikingdistance of $6000.Bitcoin Price Recovery Targets $6000Since setting a new alltime high near $6200 last week the bitcoinprice has struggled to maintain its forward momentum. Bitcoin receivedshortterm support from traders due to the Bitcoin Goldhard fork which airdropped coins equivalent to all bitcoin addressbalances as of block 491407 which was mined Tuesday morning. Immediatelyfollowing the fork the bitcoin price began to plunge and eventually dippedbelow $5400 as traders [read more]

Japanese Trade Minister - Very strong chance 11 nations can reach broad agreement on TPP

Comments from Japan Trade Minister crossing the wires via ReutersSee very strong chance [read more]

ECB To Announce Policy Shift

        ECB set toannounce unwinding of 60bnamonth quantitative easing programme a majorpolicy shift in Frankfurt pound dips 0.2pc to 1.1188 against the euroahead of the unveiling [read more]

US Trade Deficit Widen In September

[read more]

China Grand Ambition For Petro-Yuan

China hasgrand ambitions to dethrone the dollar. It may make a powerful move this year        China is looking to make [read more]

BREAKING NEWS: Xi Jingping Elected Secretary General Of China Communist Party

BEIJINGOct. 25 (Xinhua) Xi Jinping was elected general secretary of the CommunistParty of China (CPC) Central Committee for the second term at the first plenarysession of the 19th CPC Central Committee on Wednesday.Membersof the newly elected Standing Committee of the Political Bureau of the 19th CPCCentral Committee are Xi Jinping Li Keqiang Li Zhanshu Wang Yang WangHuning Zhao Leji and Han Zheng. source [read more]

President Trump Help Lunch With Senate Republicans For Poll On Fed Finalists

PresidentTrump conducted an informal poll of Senate Republicans to solicit their viewson the finalists he is considering to chair the Federal Reserve.The showofhands surveywhich Trump asked for during a closeddoor lunch meeting Tuesday at theCapitol pitted Federal Reserve governor Jerome Powell against StanfordUniversity economist John Taylor participants said. The president also askedabout Janet L. Yellen the current Fed chair whose fouryear term ends inFebruary.The poll did not appear toreturn a clear result though Sen. Tim Scott (RS.C.) told Bloomberg that hethinks Taylor won. Not everybody [read more]

Special Report: Gold & Silver Are Here To Stay

As thetreasure of kings gold and silver are more than just shiny objects to beadmired or fought over.What has enchantedhumanity for ages is their potential as a store of value.Investors rush to buy theprecious metals on war or financial crisis fears. After all gold and silverprovide insurance against catastrophe when paper currencies might be renderedworthless.Today the precious metalsare as relevant as ever. With stocks and bonds increasingly correlated to eachother in the era of low interest rates there are few other portfoliodiversifiers.Then thereis the capital appreciation. The [read more]

You're Hired! Trump Decide

In an interview onMonday he said he would name the new chair of the US central bank veryshortly.Who hechooses for the worlds most powerful economics job will influence his successat turbocharging growth. [read more]

If You Own Bitcoin You'll Soon Receive A New Cryptocurrency.

Anyone who owns bitcoin will soon be able to receive a new cryptocurrency.As of block 491407 on the bitcoin blockchain another alternative version of the protocol will be launched resulting [read more]

Shinzo Abe Won By Landslide, Continuity Of Abenomic

TOKYO Sundays snap parliamentary election offers animportant thing for voters and investors abroad growth and market stability.ShinzoAbes ruling party appears certain to secure control of the House ofRepresentatives for another fouryear term. Although Japan is underthreat from North Korea another Abe administration is good news since underhis leadership the economy is humming and the stock market is at a 20yearhigh.But hidden behind the economic curtain are a slew of corporate scandals.When  [read more]

Australia: Consumer Sentiment Index back in optimistic territory - Westpac

Australias WestpacMelbourne Institute Consumer Sentiment Index has rallied 4.9% since Jul to [read more]

Germany: Producer prices in September 2017 rise 3.1% (YoY)

In September 2017 the index of producer prices for industrial products rose by 3.1% compared with the corresponding month of the preceding year. In August 2017 the annual rate of change all over had been 2.6% the Statistisches Bundesamt Deutschland announced on Friday. Key highlights Compared with the preceding month August 2017 the overall index rose by 0.3% in September 2017 (0.2% in August and in July).In September 2017 the price indices of all main industrial groups increased compared with [read more]

BOJ's Kuroda: Japan's yield curve moving in way consistent with BOJ's policy guidance

Bank of Japan Governor Haruhiko Kuroda is crossing the news wires with key quotes via LiveSquawk found below Japans yield curve moving in way consistent with BOJs policy guidance.BOJ will persistently continue with powerful monetary easing to achieve inflation target.Economy driven by wellbalanced strength in domestic & external demand. Source FXStreet [read more]

Top 5 Most Active Blockchain Investors

Googleand Goldman Sachs are two of the most active investors in blockchain firmsReport        Google and Goldman Sachs are two of the most activecorporate investors in blockchain companies [read more]

India Tightens Gold-Import Rules to Curb Trade Irregularities

Gold chains and necklaces sit on display inside a store in the Zaveri Bazaar area of Mumbai India. Photographer Dhiraj SinghBloomberg India moved to [read more]

China's Q3 GDP At 6.8%

China reports 6.8% thirdquarter GDP growthmeeting expectationsChina announces thirdquarter gross domestic product figuresAnalysts polled by Reuters expected GDP growth at 6.8 percent coolingfrom a 6.9 percent expansion in the previous quarterreportedthirdquarter growth data Thursday that met expectations.The countrys NationalBureau of Statistics said its thirdquarter GDP growth was 6.8 percent comparedto the same period last year a day after President Xi Jinping madebig promises for the countrys economic future during a pivotal leadershipmeeting.Economists polled byReuters had forecast China to [read more]

Oil Price Gain On Wednesday Asia Morning

SINGAPORE (Reuters) Oil prices rose on Wednesday lifted by a fall inU.S. crude inventories and concerns that tensions in the Middle East coulddisrupt supplies. Brentcrude futures LCOc1 the international benchmark for oil prices were at $58.27at 0131 GMT up 39 cents or 0.7 percent from their last close and a thirdabove midyear levels.U.S.West Texas Intermediate [read more]

Premier Xi Jinping Makes Big Promises For China's Economic Future

        Chinese President Xi Jinping said Wednesday that Chinasupports an open world economy and pledged further liberalization of its marketto foreign investors [read more]

Australia: Growth is accelerating - Westpac

Growth has accelerated in Australia in 2017 and the employment backdrop has surprised on the upside following a period of weakness in 2016 points out the research team at Westpac. Key Quotes Business sentiment and conditions have been positive while consumer sentiment remains moribund (notwithstanding a lift in October). While headline employment numbers have been positive the detail of the jobs survey has not. Employment gains have been very narrowly focused and this distribution of job creation is a [read more]

ECB's Draghi: a window of opportunity for economic reforms

Here are the key quotes from the ECB President Mario Draghis introductory speech on Structural reforms in the euro area at the ECB conference in Frankfurt      With monetary policy being accommodative we now have a window of opportunity to take structural reforms      ECB research finds no convincing evidence that high interest rates lead to more reforms Source FXStreet [read more]

With $30 billion on the line all eyes are likely to be on ethereum today as it seeks to navigate one of its biggestever updates.Will all software users upgrade to the updated blockchain Or will a new competing token be created Thats exactly what the market is watching and waiting to see when Ethereum hits block 4370000 scheduled to occur tomorrow at around 600 UTC at press time. [read more]

Welcome Byzantium

Ethereum has officially updated.At 05.22 UTC the fifth hard fork to occur on ethereum the second largest cryptocurrency by market cap enacted a batch of ethereum improvement protocols [read more]

After Closing ICO in China, PBoC Now Talking About Central Bank Backed Digital Currency

China may notrecognize bitcoin as a legal currency but it seems to have a clear vision fora stateissued alternative coin.At ameeting hosted by the International Telecommunication Union thisweek Yao Qian the Director of the Digital Currency Research Institute underthe Peoples Bank of China reportedly boasted about the potential of astateowned digital currency while suggesting that there is an inherent lackof value anchoring public cryptocurrencies [read more]

IMF Chief Says It's Time To Get Serious About Digital Currency

         Ithink that we are [read more]

Bitcoin Price Hits Another Record High Above %5,800 Now Up 480% This Year

        The price of bitcoin hit analltime high of $5856 [read more]

3 reasons The World Could Turn Its Back On The USD

Analyst says the U.S. dollar is increasingly dysfunctional. [read more]

China Proposed Saudi To Buy Oil In Yuan & The Saudi Are Interested

China willcompel Saudi Arabia to trade oil in yuan and when this happensthe rest of the oil market will follow suit and abandon the U.S. [read more]

Fed Are Flip-flopping Again On Rate Rise

Federal Reservepolicymakers had a prolonged debate about the prospects of a pickup ininflation and slowing the path of future interest rate rises if it did notaccording to the minutes of the U.S. central banks last policy meeting onSept. 1920 released on Wednesday. [read more]

Bitcoin Heading To $10,000 In 6 to 10 Months Fortress Ex Hedge Fund Manager

        Bitcoin has surged this year up to $4874 on Tuesdayand Michael Novogratz sees it heading over $10000. [read more]

Fed Robert Kaplan Will Be Assessing The Progress Of The US Economy Toward Full Employment

DallasFederal Reserve Bank President Robert Kaplan said on Tuesday that he will beassessing the progress of the US economy toward full employment and looking formore signs of upward inflation as he weighs potential interestrate hikes.I intend to keep anopen mind about removing accommodation in upcoming (Fed) meetings MrKaplan said in remarks prepared for delivery at the Stanford Institute forEconomic Policy Research.Mr Kaplan who votes thisyear on Fed policy has said he is concerned that globalisation and technologyare keeping inflation muted [read more]

Abu Dhabi & Dubai Regulate Cryptocurrency ICO

Regulators in Abu Dhabi are beginning to regulate initial coin offerings(ICOs) the rapidly growing way that cryptocurrency startups are raisingmoney but have warned of the many risks involved.ICOs are a way for startups to raise money byissuing a new cryptocoin while users pay them in bitcoin or ethereum. Itssimilar to crowdfunding but with digital money. This year startups haveraised $2.4 billion from ICOs according to data website Monday Abu Dhabis Financial Services Regulatory Authority(FSRA) released guidelines onICOs and virtual currencies for the first time.It said that if [read more]

IMF Christine Lagarde Urge World Leader To Push For Sustainable Reforms

Christine Lagarde boss of the InternationalMonetary Fund is expected to deliver a hardhitting speech at theorganisations annual meeting this week urging world leaders to push aheadwith reforms to turn the current global economic recovery into something moresustainable. [read more]

Fed 91% Chance Of Rate Hike In December,  Detail As Follow

When the Federal Reserve speaksthe collective ears of the financial markets tend to listen. Tasked withpromoting the health of the U.S. economy it drives the nations monetary policyby manipulating interest rates and the availability and cost of credit.After the September meeting thefinancial markets absorbed the latest Fed comments reflecting a strengtheningU.S. economy and rising interest rates. The Fed indicated the U.S. economy isstrong enough to reverse the ultralow interest rates established in responseto the 20072009 recession when it dropped the benchmark fed [read more]

September NFP

 Market players are heading into the NonFarm Payrolls reportwith low expectations amid the hurricanes that tore Texas and Florida in themonth causing extreme damages and halting activity in many sectors for severaldays. The US economy is expected to have added 90000 new jobs duringSeptember well below this years average although the unemployment rate isexpected to remain unchanged at 4.4%. [read more]

Bitcoin Top Performing Cryptocurrency In The Last 3 Months

Bitcoin was the topperforming cryptocurrency in the last three months despite the megarallyearlier this year in socalled alternative coins or altcoins.Out of [read more]

Saudi Arabia And Russian Bonding Over Oil

        A $1 billion fund will see Russia and SaudiArabia strengthen their cooperation in oil gas electricity and renewableenergy [read more]

Bitcoin Could Be Heading To $6,000 By Year End

        Bitcoin could hit $6000 by yearend experts said [read more]

USD Gain As Investors Watch Catalan Independence Vote

The US dollar started the month on ahigh note on Monday gaining against the euro and other major counterparts asinvestors monitored an independence vote in Spains Catalonia.The US dollar index which tracks thegreenback against a basket of six major currencies added 0.1 percent to 93.192. [read more]

Dow Jones Closed Friday With The Longest Quarter Win

The stock market undaunted by monster hurricanes political tension andNorth Korea threats keeps climbing to new heights.The Dow soared another 5%during the third quarter which ends for Wall Street on Friday.The stronggains extend the Dows streak of winning quarters to eight. Its the longestsince an 11quarter boom that ended in September 1997 according to FactSetstats. Back then the U.S. economy was going gangbusters under President BillClinton at the start of the dotcom boom.The currentstreak began during the [read more]

IMF Christine Lagarde:

The head of the International Monetary Fund (IMF)believes that cryptocurrencies may give traditional governmentissued ones arun for their money.Speaking at aconference in London IMF chief Christine Lagarde  [read more]

BoJ  Tankan Survey Shows Japan Business Mood Hits Decade-high

        Big manufacturers sentiment index 22 versus forecastof 18 [read more]

US Q2 Economy Expended

The U.S. economy expanded a bit faster than previously estimated in thesecond quarter recording its quickest rate of growth in more than two yearsbut the momentum likely slowed in the third quarter due to the impact ofHurricanes Harvey and Irma.Gross domestic product increased at a 3.1 percent annual rate in theAprilJune period the Commerce Department said in its third estimate onThursday. The upward revision from the 3.0 percent rate of growth reported lastmonth reflected a rise in inventory investment.The destruction caused by Hurricanes Harvey and Irma and the resultingdisruption ... are [read more]

The 4th Quarter Look Set For Bull Run

        The S&P 500 could rally on into the fourthquarter after positive gains for August and September so far. [read more]

Morgan Stanley Strategist Says Bear Market Could Start Next Year After A Surge Higher

        Morgan Stanleys Mike Wilsonexpects the S&P 500 to reach 2700 early next year but there could be abear market correction shortly after that. [read more]

The Blueprint Of Trump And GOP Tax Reform.

CNN obtaineda copy Wednesday of a Republican framework for tax reform that has been in theworks for months and will finally be presented Wednesday.The blueprint whichPresident Trump will discuss in a speech Wednesday omits many critical detailsand numbers that congressional tax writers will now have to decide on as theydraft legislation.Its not clearyet however just how closely the taxwriting committees will hew to thatframework since its been negotiated behind closed doors by just six keyplayers from the White House House and Senate. And even that small group known as [read more]

A Look At European Markets This Morning

European Union leaders gather for adinner tonight in the Estonian capital Tallinn on the eve of a summit on theUnions digital strategy. Yet talks are more than likely to focus on FrenchPresident Emmanuel Macrons ambitious proposals for EUreforms [read more]

Yellen Said No Hike If Inflation Stay Below 2%

Federal Reserve Chair Janet Yellen said gradually raisinginterest rates is the most appropriate policy approach amid higher uncertaintyabout inflation reinforcing the US central banks forecast for another hikethis year.It would be imprudent to keep monetary policy on hold untilinflation is back to 2 per cent she said Tuesday in Cleveland. Inaddition she said the Fed should also be wary of moving toogradually.US central bankers are monitoring progress on their 2 per cent inflationgoal which they have mostly [read more]

US Trump To Slash Tax For Businesses And Wealthy

U.S. President Donald Trump will call on Wednesday forslashing tax rates on businesses and the wealthy as part of a new tax plan thatis likely to offer few details about how to pay for the cuts without expandingthe federal deficit.Hammered out over months of talks among Trump aides and top Republicansin Congress the plan to be unveiled at an event in Indianapolis was expectedto propose a 20 percent corporate income tax rate a new 25 [read more]

Aug Durable Goods Jump 1.7%

Orders fordurable or longlasting goods such as passenger planes rose sharply in Augustand business investment strengthened again in a good showing for the U.S.economy.Durablegoods orders climbed 1.7% last month the governmentsaid Wednesday. Economists polled by MarketWatch had forecast a 1% gain.The increase stemmed mainly from a big batch of orders forcommercial aircraft. Bookings surged 45%.Demand was higher for most other manufactured goods butbookings grew at a slower pace. Orders minus [read more]

[read more]

Fed Policymaker Clash On Inflation

A debate within the Federal Reserve over the outlook forU.S. inflation burst into public view just days after a ratesetting meeting inWashington with one central banker saying inflation weakness is fading andanother suggesting hes nervous it wont.BothNew York Federal Reserve Bank President William Dudley and Chicago FedPresident Charles Evans said they believe the U.S. economys fundamentals aresound and both said they support gradual rate hikes ahead. [read more]

IRAN See Oil Stable At $60

Major Iranianoil company says oil at $60 a barrel could stabilize the energy market [read more]

Angela Merkel Set For 4th Term As German Chancellor But Euro Slipped

The euroslipped in early Asian trading on Monday after Germanys election showedsurging support for a farright party that left Chancellor Angela Merkelscrambling to form a governing coalition.The euro was trading down0.4 per cent at US$1.1906 and looked set to test support around US$1.1860 asliquidity picked up through the session.Dr Merkel did win a fourthterm in office on Sunday but will have to build an uneasy coalition to form agovernment after her conservatives hemorrhaged support in the face of a surgeby [read more]

Despite China Banned on Cryptocurrency Sales, Macau Dragon Corp. Aims To Rise $500 Million In New ICO

      Macau gaming company Dragon Corp. isaiming to raise $500 million through an initial coin offering (ICO)      The tokens issued in the ICO will be usedby VIP junket operators by offering credit on behalf of casino operators [read more]

US Stock Market The Week Ahead

The marketis chugging its way into the last week of September noted as we know forbeing the worst month of the year historically but now shaping up as justanother notch in the bull markets belt.The Dow has managed to squeak out another1.7 percent gain that has taken the yeardodate surge to better than 13percent.Politics likely will be abig market influence in the days ahead with a major congressional initiativeexpected this week.Tax reform finally [read more]

Yellen's Stock Rising With 4 Months To Go For Her Term.

From herearly days as Federal Reserve chair Janet Yellen has been the target ofcriticism from Republicans worried that the central banks massive bondbuyingprograms and nearzero interest rates engineered by her predecessor would bethe ruin of the country.With little more than four months left in her term and questions swirlingover whether the White House will ask her to stay on for another four yearsYellen has turned that story around.The Fed has [read more]

UK Willing To Pay 20 Billion To Stay In The Single Market

PrimeMinister Theresa May will say on Friday Britain is willing to pay 20 billioneuros (17.70 billion pounds) to the European Union during a postBrexittransition period but only if it has access to the blocs single market theBBCs political editor reported.May who is weakened after losing her partys majority in a Juneelection is due to make a speech in Italy setting out her vision for futureties with the EU. Earlier on Thursday she briefed her top ministers on thespeech. [read more]

SPECIAL REPORT: Warren Buffett Isn't Nervous About Stock Market Bubble & His 100 Years Prediction.

Warren Buffett isnt nervous about a stock market bubble. The legendaryinvestor thinks anyone betting against America is out of theirmind.Buffett a reliable optimist about the future of theU.S. predicted on Tuesday night that the Dow Jones Industrial Average will beover 1 million in 100 years. That would be roughly 45 times theDows current level of nearly 22400 which is already a record high.Being short America has been a losers game. Ipredict to you it will continue to be a [read more]

European Markets Lower, Investors Await BoE And IEA

Europeanmarkets lower investors await Bank of England policy decisionBank of Englands latest policydecision due at 12 p.m. BSTRussia and Belarus to launch aweek of strategic military exercisesOil prices higher as IEA seesglobal demand catching up with supplyEuropean markets were lower Thursdaymorning as investors assessed geopolitical developments and looked [read more]

USD Cooling Off After A Red-Hot Surge

Though it rose in the weeksfollowing President Trumps election victory last November the greenback hassteadily fallen this year. Its now down to its lowest level since January2015. Since January 3 the first trading day the dollar is down 11%.Its down nearly 17% against theMexican peso this year a reversal of fortunes after Trumps campaignthreats caused the peso to plunge. Its also down 12% against the euroand 7% against the pound.Investors were optimistic late last year that the Trumpadministration could [read more]

BoE Leave Rate Unchanged But Hints Rate Hike, GBP Jump.

The pound has jumped three quarters of a cent in reaction up to $1.329against the US dollar. The Bank of England iswarning that interest rates are likely to rise faster than the City expects.Theminutes of this weeks Monetary Policy Committee meeting state that AllMPC members continued to judge that if the economy were to follow a pathbroadly consistent with the August Inflation Report central projection thenmonetary policy could need to be tightened by [read more]

CNBC: US Jobless Claims Unexpectedly Fall

US jobless claims fall but impacted by Harvey and Irma        The number of Americans filingfor unemployment benefits unexpectedly fell last week. [read more]

Apple Review New iPhone X But Stock Closed Lower, Is It Time To Buy?

Apple announcedthe next iPhone on Tuesday and investors seem to be underwhelmed. Shares of the techgiant are down 0.38% at $160.66 lower after the companys keynote addresson Tuesday. It did reach intraday high of $163.76 prior the review of theiPhone X and it pricing. Apples stock rose on Monday ahead of theevent gaining about 1.81% to $161.87.According toUBS the companys stock usually moves 12% on the day the new iPhone isannounced and then rises for the rest of the year into the next earningsrelease.Some analysts [read more]

US Jobs Opening Hit Record High of 6.2 Millions

Job openingsin the United States reached a record high in July at 6.17 million accordingto Labor Department data published Tuesday.Employers continue tostruggle with finding workers to fill all the open positions.Job Openinghave been rising for yearsbut this most recent report comes on the heels ofPresident Trumps decision to end DACA or the Deferred ActionChildhood Arrivals program created by President Obama.One of the White Houseskey arguments for ending the program and potentially deporting roughly 800000young immigrants is that it allegedly takes jobs away from young Americans. [read more]

Goldman Sachs Says Many Investors Are Expecting Market Correction That Mean It Likely Won't Happen

         Goldman Sachs strategist David Kostin said subduedoptimism and a strong consumer will stand in the way of a stock marketcorrection. [read more]

Oil Prices Down This Tuesday As Trader Weighed Up Dampening Effect From Irma

Oil prices edgeddown on Tuesday as traders weighed up the dampening effect on demand ofHurricane Irma versus refinery restarts in the wake of Hurricane Harvey thatshould lead to more crude oil processing.International benchmarkBrent crude was down 14 US cents or 0.3 per cent at US$53.70 per barrel by0530 GMT from the previous close.US West Texas Intermediate(WTI) crude was down 12 US cents or 0.3 per cent at US$47.95 a barrel.US refineries includingthe largest US refinery Motiva Enterprises have started to [read more]

Sterling Higher On Better Than Expected UK Aug CPI

The British Pound has leapt higher against itscounterparts following the release of strongerthanforecast inflation.The Office for National Statistics  [read more]

Safe Haven Assets Retreat, IRMA Destruction Counting

U.S. dollar recover some of it losses from last week this Monday afterNorth Korean did not launch another missile over the weekend international communityshad been bracing for another longrange missile launch to mark for the 69thanniversary of North Koreas founding on Saturday tempering safe havens suchas the Gold the Yen and Treasuries. However investors remained cautious over the possible economic impactof Hurricane Irma as it chewed its way up the Florida coast knocking outelectricity to 3 million homes and businesses statewide.The U.S. dollar hovered at 108.392 yen up from Fridays 10month [read more]

EURUSD Up After ECB Draghi Comments On The Currency

          The euro sawa volatile afternoon of trade on Thursday as currency traders reacted tocomments from Mario Draghi. [read more]

NY Fed President William Dudley:

         Influential New York Fed President William Dudley soundedslightly less hawkish on rate hikes as inflation hovers below target [read more]

ECB Rate Decision At 12:45 & Press Conference At 13:30 London Time

Euro bulls continual the EURUSD is back to 1.20 and threatening European corporateprofitability Mario Draghis Sintra hawkishness is a distant memory.And so with the ECBspolicy decision less than 9 hours from now a trapped Mario Draghifinds himself in a quandary with less than 4 month left until the formalexpiration of the ECBs 2.3 trillion QE program he will likely start layingthe groundwork for the central banks stimulus reduction after all the ECB israpidlyrunning out of bonds to purchase but withoutrevealing [read more]

Gold Holds Steady, Eyes ECB Decision

         Spot gold may drop to $1320$1325oz rangetechnicals [read more]

New ICO Company Says Increase Regulation Is A Positive Thing

Company behindnew ICO says increased regulation is a positive thing         [read more]

Fed Brainard Fed Rate Hike May have To Slow Down

The FederalReserve may have to slow down the pace of interestrate hikes given the recentlow readings for inflation a key central bank official said on Tuesday.Federal Reserve Governor Lael Brainard pointed out thatinflation has not hit the Feds 2% annual target over the past five years.Recent soft inflation may be due to depressed underlying inflation Brainardsaid in remarks to the Economic Club of New York. In that case it would be prudent toraise the [read more]

Australia GDP Has Slow But Better Days Ahead

AUSTRALIASlatest economic growth figures reveal a concerning trend in household savingspatterns.Consumers have been spending more on food clothing andhousehold furnishings which helped drive a 0.8 per cent boost in the nationseconomy in the June quarter.Thats more than double the puny 0.3 per cent growth in thefirst three months of the year and a figure Treasurer Scott Morrison saysshows the better days ahead are on their way. [read more]

Economy Getting Stronger, Deflation Threat Disappeared

The eurozoneeconomy is getting stronger the deflation threat has disappeared corporateearnings are growing and optimism has taken hold in households and amongbusinesses.Sounds like the perfect time to announce the end ofquantitative easing when the European Central Bank meets for its highlyanticipated meeting on Thursday right But theres just one problem the euro EURUSD 0.1930%  and [read more]

Safe-Haven Gold Hit Highest Point in 12 Months

Gold prices have spiked to their highest point in almost a year assafehaven assets continue their march upwards against a backdrop of ongoingtensions surrounding North Korea and its nuclear program.The precious metal edged around 1 percent higher in early Monday tradehitting $1338.16 per troy ounce by 930 a.m. London time to stand marginallyshy of the 12month peak of $1338.48 reached on September 24 last year.Prices had pulled back slightly in later trade to hover around $1334.48by lunchtime in London.Golds rally has directionally tracked those [read more]

Gold Prices Up 10 Months High After N. Korea Nuclear Test.

Gold priceshit their highest in nearly 10 months early on Monday after North Koreaslatest and most powerful nuclear test drove investors towards safehaven assets.Spot gold wasup 0.8 percent at $1335.31 per ounce by 0041 GMT after earlier touching itsstrongest since Nov. 9 at $1336.79.U.S. gold futuresfor December delivery were up 0.8 percent at $1340.90.The Japanese yen andsovereign bonds also climbed on Monday as North Koreas nuclear [read more]

Focus On ECB Meeting On 07 September In Frankfurt

With thesummer drawing to a close investors will be turning their attention to theEuropean Central Bank as policymakers descend on Frankfurt on Sept. 7.ECB President Mario Draghi willbe in the spotlight as markets look for clues about the future of the centralbanks quantitative easing scheme currently set to expire by the end of theyear. That also takes place against the backdrop of the rise in the euro which hasstrengthened some 13 percent against the dollar year [read more]

US Aug Non-farm Payrolls Add 156,000 jobs.

 Job growth in the States slowed a tad lastmonth alongside wage gains that again fell short of estimates amid a sharpdecline in service sector hiring although some economists believe seasonalquirks in the data may have played a hand.US nonfarm payrolls rose by 156000in August according to the Department of Labor.Economists had forecast an increaseof 180000.Significantly average hourlyearnings were just a touch higher rising by 0.1% on the month (consensus0.2%) for an unchanged yearonyear reading of 2.5% (consensus 2.6%).After [read more]

Fastest Pace In 2 Years, US Q2 Grew 3%

The currentrecovery has entered its ninth year long by economic standards but it isshowing some unexpected vigor.TheCommerce Department said on Wednesday that the economy had expanded at anannual rate of 3 percent in the second quarter of the year better thaninitially estimated and a substantial acceleration over the first quarterslackluster 1.2 percent pace.Therevised figure is still well below President Trumps goal of 4 percent growthbut it is the economys best [read more]

BoJ say Economy Is Gathering Enough Momentum To Achieve Target

MATSUYAMAJapan (Reuters) Bank of Japan board member Takako Masai said she is confidentthat the economy is getting closer to achieving the banks elusive inflationtarget countering market views that slow wage growth and fragile consumptionwill constrain price growth.Masai said Japanese companies were likely to boost investment to increaseproductivity as they faced labor shortages in a tightening job market notingthat the BOJs policy to cap borrowing costs would assist in this effort. [read more]

US Consumer Confidence Up 2nd Month Straight

US consumer confidence jumped for the second straightmonth in August surpassing expectations amid buoyant feelings about thepresent situation according to a monthly survey released Tuesday.However the survey showed consumers are not expecting the economy to improvemuch in the shortterm the Conference Board said.The Consumer Confidence Index jumped nearly three points to 122.9 whilethe present situation index added nearly six points to 151.2 near a 16yearhigh.But the expectations [read more]

Very Strong Pace Of Job Growth Could Begin To Ease

US Augemployment report Sep 1 nonfarm payrolls Last 209k WBC 170k Sep 1unemployment rate Last 4.3% WBC 4.4% Nonfarm payrolls rose 209k in Julyfollowing a 231k gain in June and a 145k increase in May.That leaves the average monthly gain for 2017 at 184kbroadly in line with that of 2016.Given we are now past full employment this is a verystrong pace of job growth which should begin to ease. On this point each ofthe business survey employment indexes did [read more]

LITECOIN up 1,400% This Year

Litecoin the fifthlargest cryptocurrency by valueand rival to bitcoin has rallied nearly 1400 percentsince the start of the year after hitting a record high price.On Monday litecoin hit an alltime high of $64.2marking a 1383 percent rise since January first where it traded at $4.33 datafrom industry website showed. The price pulled back slightlyon Tuesday and was just above $62 in early trade.CNBC runs through the differences between bitcoin andlitecoin and whats driving [read more]

US The Week Ahead

1. Harvey aftermath Tropical Storm Harvey pummeledsoutheastern Texas this weekend killing at least two peopleand bringing catastrophic flooding to the coastal region.Investors arenow trying to measure the impact of the devastation on the regions economy.The stormforced the evacuation and shutdown of several refineries sending gasprices up. Corpus Christi port personnel are working to assess thedamage.Texas residents especially those without flood insurance arenow grappling with the [read more]

ECB Mario Draghi Say Global Recovery Is Firming Up

        European Central Bank President Mario Draghi saysthe global recovery is firming up. [read more]

Yellen Distances Herself In Jackson Hole

In the end it sounded more like a swan song than ajob audition. By broadly defending the sweeping financial rules put inplace in the past decade Federal Reserve Chair Janet Yellen distanced herselfon Friday from the antiregulatory rhetoric of the man who will decide whetherto replace her President Donald Trump.Yellen whose term as Fed chair ends in February used the highprofilesetting of the central banks annual symposium in Jackson Hole Wyomingto argue that the raft of postcrisis regulations had made the financial [read more]

Line Up Of Central Banker and Time To Speak At Jackson Hole

Janet Yellen Mario Draghi and Haruhiko Kuroda will beamong the monetary policy superstars donning western wear and puzzling over theglobal economy this week at the Federal Reserve Bank of Kansas Citys annualsummit in Jackson Hole Wyoming.Thetrio gather together at the remote mountain resort for the first timesince 2014 headlining a highranking guest list at the worlds premiercentral banking event. It may also be Yellens final appearance at Jackson Holeas Fed chair unless President Donald Trump nominates her for a [read more]

The Fed Still Needs To Convince The Market That More Hikes Are Coming

       Moodys Analytics Chief Economist Mark Zandi told CNBCthat the Fed must do a lot of work to convince markets that interest rate hikeswere coming soon [read more]

Trump Government Shut Comment Send US Stock Closing Lower

Trump on Tuesday in the U.S. said he would be willing to close downthe government tosecure funds needed to build a wall along the U.S.Mexico border. The presidenthad repeatedly pledged he would construct a border wall that Mexico would payfor as part of his plan to tackle illegal [read more]

Markets Await Speech By Central Banker From Jackson Hole US

The dollar inched higher on Thursday paring some of the losses it sufferedafter U.S. President Donald Trump suggested a shutdown of the government waspossible and threatened to terminate the North American Free Trade Agreement.Trump warnedlate on Tuesday he might end the NAFTA trade treaty with Mexico and Canadaafter threeway talks failed to bridge deep differences. He also said he mayshut down the government if he does not get funding to build a wall on theU.S.Mexico border.Trumps remarkscame ahead of a looming [read more]

Bitcoin Above $4,000 Again, Will It Continual

Bitcoinsvalue has once again risen above $4000 per coin  butwill we see the bubble burst any time soon [read more]

Fund Manager & Investors Keep Dancing Even As September Jinx Looms

SEPTEMBER is approaching with itsreputation as the worst month in history for US stocks which lead sentiment inAsia. Yet many money managers continue to dance.Corporate performance [read more]

Could This Boost Oil Above $50.00?

Oil priceswill remain stuck in a range near $50 a barrel unless one of two globalhotspots delivers an October surprise to the market jolting the cost of crudehigher according to Helima Croft global head of commodity strategy at RBCCapital Markets.The first potential shock Croft and her team at RBC aremonitoring is a debt default by Venezuelan oil giant Petroleos de Venezuela SA.Oil production from the stateowned PDVSA has steadily slipped as the countrygrapples with a financial crisis after the collapse in crude prices in 2014 andyears of economic mismanagement. [read more]

Ethereum Jump, 10%, Bitcoin Hold On To Gain and Bitcoin Cash Dropped

Ethereum jumps10% amid worries about bitcoin in a wild day for digital currencies        Digital currency ethereum hit a nearly twomonth highMonday briefly notching 70 percent gains for the month. [read more]

Asian Central Bank Prioritise Policies As Fed Prepare To Tightening

As Asiascentral banks grapple with low inflation just like their global peers theyalready have a dizzying array of mandates to guide their response.Unlike the strict goal ofprice stability adhered to by the European Central Bank or a focus on inflationand full employment pursued by the Federal Reserve Asias central banks haveto consider everything from currency stability to the welfare of their citizens.As the worlds topeconomists converge on the US Federal Reserve symposium in Jackson Hole heresa look at the policy priorities or mandates for AsiaPacifics biggest centralbanksAustralia The Reserve Bank [read more]

A look At The Week Ahead For US & Elsewhere

Centralbankers from around the world including Janet Yellen and Mario Draghi aregathering in Jackson Hole this week to discuss all things about theeconomy.The summit comes at a timewhen the central banks are beginning to pull back on expansive monetarypolicy which was introduced after the financial crisis in an attempt tojumpstart economic activity. The Federal Reserve has raised interest rates twicethis year and forecast one more reflecting its optimism in theU.S. economy. However the Fed increasingly seems split about when exactlyto raise rates again according to minutes [read more]

JP Morgan Says Market Is Wrong, Fed Ready To Rise Rate In December

Fed inflation target of 2percent proving hard to attain. Market pricing on balance thatFed will not raise rates again this year JPMorgan says wage inflationcoming and 3 hikes will happen before 2019JPMorgan Asset Management says the wider market ismispricing the likelihood that the U.S. Federal Reserve will raise rates againin December.According to the CME Groups Fedwatch tool which bases any rate hikeprobability on Fed Fund futures contracts the odds of [read more]

Gold Price Steady Up where Oil Get Sell Off

GOLDGold was mostly steady early on Friday amid weaker Asianstocks with some investors gravitating towards safehaven assets on politicaluncertainty in the United States and after a van mowed through crowds inBarcelona killing at least 13 people.Spot goldwas nearly unchanged at $1286.60 per ounce by 0113 GMT afterclimbing for two straight days.U.S. goldfutures for December delivery were flat at $1292.60 perounce.Asian stock investorsjoined aglobal retreatfromriskier assets on [read more]

As EU Economic Outlook Improve, ECB Are Looking Lessen Bond Purchases

The European Central Bank wants more scope to unleashmonetary stimulus even as it heads toward unwinding it.An account of theGoverning Councils July meeting released on Thursday shows that officials arestill uncertain how to signal changes in their policy settings as the economicoutlook improves and the need for broadbased bond purchases lessens. Reachinga consensus is critical if they are to avoid missteps as the institution entersa new phase of its multiyear battle to avert deflation and restore euroareaprice stability. [read more]

It FOMC Wednesday & What to Expect.

      1.   Minutes from the Feds last meeting could help furtherthe debate on whether low inflation is transitory or some bigger concern forthe economy. [read more]

ECB's Draghi To Speak At Jackson Hole Wyoming, US

ECBs Draghi will not deliver fresh policy steer at Jackson HoleSources [read more]

Charts Show DJI Pointing At 23,700

Charts show Dow powers on despite verbal duel between Trump and NorthKorean state media    [read more]

USD Strengthen, Oil Steadied & Gold Lower

Oil prices steadied in early Asian trade on Tuesday aftersharp falls the session before when a stronger U.S. dollar and a drop inChinese refining runs hit the market.Globalbenchmark Brent crude futures were up 6 cents or 0.12 percent at$50.79 at 0122 GMT. That was just above their 100day moving average brieflybreached in the [read more]

Bitcoin Broke Historical High Over The Weekend

The digitalcurrency bitcoin vaulted to a new record high above $4000 on Saturday boostedby strong Japanese demand on its way to multiplying its value fourfold thisyear.Bitcoin hit an alltimehigh of$4225.40 early Sunday before slightly paring those gains to trade near$4000.The digital currency hasnow quadrupled in 2017 and is up about 40 percent in August alone. Bitcoinsmarket value is now around $64 billion up about $10 billion in the last week.Bitcoin trade in Japaneseyen accounted for nearly 46 percent of global trade volume up from about [read more]

Japan Q2 GDP Exceed All Forecast At +4.0%

Japanseconomy grew for a sixth straight quarter extending the longest expansion inmore than a decade as a strong pickup in demand at home compensated forsofter exports. Highlights of GDP report [read more]

The Week Ahead 14-18 July

After a weekthat was dominated by geopolitical fears there is going to be an ongoingdegree of trepidation for traders given the unpredictability of Donald Trump andKim Jong Un. However this week sees a return of the fundamentals with a wholehost of economic releases to watch out for. Attentionwill be onMondayJapan Q2 GDPTuesdayGerman Q2 GDP UK Inflation US Retail sales and US Home Depot earningWednesdayFOMCThurday  UK Retail sales US Walmart earningFriday US consumersentiment manufacturing PMI new home sales    [read more]

China's Economic Problem Are Exactly Why Its Global Influence Is Expanding

Chinas economicproblems are exactly why its global influence is expanding [read more]

Increase In safe-Haven Gold Appetite

Volatilityspread across asset classes on Thursday as the CBOE volatility index spikedto its highest level since May gold prices rose to twomonth highsand all major U.S. equity indices closed lower with the S&P 500 fallingby 1.45 percent.This turbulence comes onthe heels of further comments from President Donald Trump regarding NorthKoreas nuclear program.Investors ought to beginpositioning themselves for this heightened volatility and anticipate acontinuation of selling pressure within the equity markets in thecoming months said Chad Morganlander portfolio manager at Washington CrossingAdvisors. He anticipates investors will move into the bond [read more]

Oil Failed To Take Out $50/barrel

Oil retreated to the lowest level in more than two weeksafter a surge above $50 a barrel didnt last long.Futures slipped 2 percent in New York as support for the key $50threshold proved weak. Even though U.S. crude inventories shrunk for a sixthweek the declines are seen by some investors as simply seasonal. While OPEC  [read more]

Bitcoin Booms Is Positives For Stock Markets

Nautilus Investment Researchrecently said stock prices tend to soar whenever bitcoin experiences explosivegrowth. Bitcoins price has trended upward about 80% this last month. TheS&P 500 has seen monumental increases in lockstep with bitcoin. It appearsthat bitcoin prices are correlated with rise in stock [read more]

Fed's Mr Evan See balance sheet move next month

Chicago FedPresident Charles Evans said it would be reasonable to announce thebeginning of a reduction of the central banks balance sheet next month whilecautioning that disappointing inflation data may delay interestrate increasesas technological disruption dampens price pressures.The table is set forthe recent unusual downward movements in inflation due to cellphone dataservices prices and other factors receding and well just have to see howthat goes Mr Evans told reporters at a media briefing in Chicago onWednesday.On the other handpeople are utilising newer technologies competition is [read more]

Gold Rise On North Korea

Gold is on the rise today as thelatest round of the North Korea tensions forced investors to move out of theequitiesrisk assets and into the traditional safe haven assets. The yellow metal currently trades0.6% higher on the day around $1270Oz levels. The 10year US Treasury yield isdown 4.2 basis points at 2.24%. The curve between the US 10year yield and the2year yield stands at 90 basis points bps. Stoxx 50 index is down 46 points or 1.32%. Germanys DAX has [read more]

China July CPI +1.4%

BEIJING(Reuters) Chinas consumer inflation slowed slightly to 1.4 percent in Julyfrom a year earlier missing market expectations the National Bureau ofStatistics (NBS) said on Wednesday.The consumer price index (CPI) had been expected to rise 1.5 percentyearonyear which was also the same rate in May and June.The producer price index (PPI) rose 5.5 percent in July from a yearearlier the same rate as the previous two months. [read more]

Bad For One Good For The Other

In spite of Fridays gains its been a rough year for the dollar.However one market watcher says a historically weak greenback could presentunique opportunities for Wall Street.Were seeing the most synchronized global growth expansion sincethe crisis. Its not just the U.S. Its Europe. Its China. Its Japan. Itsemerging markets. Thats whats moving the dollar Stephen Parker of J.P.Morgan Private Bank said on Thursday on CNBCs Futures Now.Thats not a bad thing. Thats a good thing because it meansthat more parts of the world are participating in [read more]

oil dipped

Oil pricesdipped on Monday as a rebound in production from Libyas largest oil fieldprompted selling and investors worried about higher output from Opec and theUnited States.Output at Libyas Shararafield was returning to normal after a brief disruption by armed protesters theNational Oil Corporation (NOC) said.Global benchmark Brentcrude futures ended the session down 5 cents or 0.10 per cent at US$52.37 abarrel at 205pm EDT (1805 GMT) after trading as low as US$51.37 a barrel UScrude futures settled 19 cents or 0.4 per cent lower at US$49.39 [read more]

It A Positive Follow Through Monday.

Positives Wall Street data on Friday allow the Dow to hit anotherrecord high. TheDow rose 66.71 points or 0.3 percent to 22092.81 the NASDAQ edged up 11.22points or 0.2 percent to 6351.56 and the S&P added 4.67 points or 0.2percent to 2476.83. For the week the NASDSAQ fell 0.4 percent the S&Prose 0.2 percent and the Dow added 1.2 percent. [read more]

Oil Price To Cap At $50 in Q3

Growth inU.S. oil production is slowing but will continue to blunt OPECs efforts to cut supply andnormalize global inventories keeping benchmark prices capped at around $50 abarrel this quarter according to a CNBC poll of energy strategists tradersand economists.De facto OPEC leader SaudiArabia is leadingcalls to deepen production cuts as it battles perceptions of fallingcompliance. Doubts over OPECs commitment to supply curbs tipped benchmark oilfutures into a bear market in June.ElsewhereOPEC is also squaring off against familiar rivals.Attempts [read more]

Nothing is Stopping The US Stocks Rallies.

The DowJones industrial average closed at a record high on Monday as Wall Streetcheered on whats been a strong earnings season.The 30stock index rose60.81 points to close at 21891.12 with Goldman Sachs and Home Depotcontributing the most gains. Boeing also contributed gains with shares risinghalf a percent after announcing it expects a record number of aircraft ordersfrom India. The announcement came about a week after postedbetterthanexpected quarterly results.The S&P 500 closed0.07 percent lower at 2470.30 as materials and information [read more]

Japan's June industrial production ticks up

TOKYOJapanese industrial production rose 1.6% on month in June the Ministry of Economy Trade and Industry said Monday.The increase was in line with a 1.7% rise expected by economists surveyed by the Nikkei and came after a 3.6% drop in May. Industrial output rose 1.9% in the AprilJune period from the previous quarter.The ministry stuck with its assessment of production saying that production was picking up.According to a survey included in the report manufacturers expect output to rise 0.8% in July and increase 3.6% in August.Source [read more]

Abe Hits Out at China, Russia After Trump Call on North Korea

Abe speaks following launch of North Koreas missile on July 29.Photographer AFP via Getty ImagesJapanese Prime Minister Shinzo Abe and U.S. President Donald Trump agreed that more action was needed on North Korea in a call days after the isolated regime testfired its second intercontinental ballistic missile in a month.We have made consistent efforts to resolve the North Korean problem in a peaceful manner but North Korea has ignored that entirely and escalated the situation in a onesided way Abe told reporters in Tokyo on Monday after talking to [read more]

Oil Up as USD Down

Oil pricessurged on Monday to build on last weeks rally as the yen continued its riseagainst the greenback backed by concerns over gridlock in Washington andrenewed tensions on the Korean Peninsula.Both main crude contractsmade strong gains with WTI testing US$50 a barrel for the first time since Mayand Brent heading towards US$53 while mining giants BHP Billiton and Rio Tintosaw their share price rise as commodities strengthened.On equity markets Tokyoslipped as the yen hardened against the dollar while Shanghai edged upshrugging off disappointing purchasing managers index (PMI) data a gauge offactory [read more]

US Q2 GDP double that of Q1 up 0.3% from previous year.

US consumerspends more last quarter as GDP grew at an annual rate of 2.6% in Q2 2017. Q2GDP more than doubled in comparison of previous quarter of 1.2% suggesting theearlyyear slowdown largely reflected seasonal factors such as poor weather andlate tax refunds.The economy has expanded for eightstraight years in the wake of the 200709 recessions energized by thestrongest labor market in years. The U.S. has added 16.6 million new jobs since2010 to drive the unemployment rate down to a nearly 16year low of 4.4%. [read more]

CNBC: US Q2 2017 GDP set to revise higher

Economicgrowth is expected to be double the first quarters pace when secondquarter GDP data is released Fridaymorning.Economists Thursday raisedtheir growth forecasts after betterthanexpected details in Junedurable goods inventoriesand trade data. The CNBCMoodys Analytics Rapid Update showed a median forecast of 2.9percent for secondquarter growth up 0.3 percentage point on the one daysdata and now more than double the first quarters 1.4 percent growth rate.But the forecast is stillbelow the 3.8 percent initially expected by economists in the survey whichshowed early [read more]

Fed keep rate unchange

The FederalReserve kept interest rates unchanged on Wednesday and said it expected tostart winding down its massive holdings of bonds relatively soon ina sign of confidence in the US economy.The Fed kept its benchmarklending rate in a target range of one per cent to 1.25 per cent as expectedand said it was on track to continue the slow path of monetary tightening thathas lifted rates by a percentage point since 2015.In a statement following atwoday policy meeting the US central banks ratesetting committee indicatedthe [read more]

UK Quarter Economy Expanded 0.3%

The Officefor National Statistics (ONS) said the economy expanded by 0.3% in the quarterup from 0.2% in the previous three months.But the ONS added there had been a notableslowdown from last year.Within the service sector the retail and the film industrieshelped underpin growth the ONS said.While services such as retail and film production anddistribution showed some improvement in the second quarter a weakerperformance from construction and [read more]

World shares gain USD down Fed Dovish

TOKYO  Global shares were mostly higher Thursday supported bystrong corporate earnings and the Federal Reserves decision to pause itsslowmoving campaign to raise [read more]

Trump pick Yellen and Cohn as next term  Fed's chair

US President Donald Trump named on Tuesday two possiblecandidates to run the Federal Reserve over the next few years current FedChair Janet Yellen and Mr Trumps economic adviser Gary Cohn according to aninterview with The Wall Street Journal.Ms Yellen whose fouryear term expires in February is in therunning absolutely to be renominated Mr Trump was quoted as saying. Inaddition Mr Cohn a former Goldman Sachs president who is now director of theNational Economic Council certainly would be in the mix he said. [read more]


THE globaleconomy is enjoying the broadest synchronised upswing it hasexperienced in the past decade thanks largely to buoyant growth in world tradewhich is expected to continue over the next two years the InternationalMonetary Fund said Monday.In the latest update ofits World Economic Outlook (WEO) report the IMF said that global recovery ison a firmer footing now than at the time of the last report in April withgrowth revised up for Japan the euro area China and for Asian emerging and developingeconomies generally.There is now noquestion [read more]

FOMC 25th - 26th July

WASHINGTON (Reuters) Prospects for tighter monetary policy in Europeand other countries could pose a fresh problem for the Federal Reserve when itmeets next week to ponder its plan to reduce its $4.2 trillion bond portfoliopurchased after the 2008 financial crisis.The Fed bought U.S. Treasuries and mortgagebacked securities (MBS) forabout six years in a program known as quantitative easing whichkept interest rates at record lows to spur borrowing and economic recovery.But at its June meeting this year as well as raising interest rates forthe third time in [read more]

Oil Fell 2% After OPEC Meeting.

Oil pricesfell more than 2 percent on Friday wiping out the weeks gains after atankertracking firm reported supply from OPEC is rising.OPECs July oil supply wasset to rise by 145000 barrels per day (bpd) compared to June Reutersreported citing datafrom PetroLogistics a company that tracks OPEC supply forecasts.The increasein oil supply would push production above 33 million barrels per day.Higher supply from SaudiArabia the United Arab Emirates (UAE) and Nigeria would drive this monthsgains according to PetroLogistics. [read more]

N225 open lower as HSI higher

TOKYO Tokyo stocks opened lower on Friday as yen strength hurtsentiment.Thebenchmark Nikkei 225 index fell 0.27 per cent or 54.42 points to 20090.17 inearly trading while the Topix index of all firstsection issues was down 0.22per cent or 3.65 points at [read more]

RBA Debelle speak spark AUD buying

SYDNEY TheAustralia dollar fell off a twoyear peak on Friday after a top central bankersaid there was no automatic reason for rates to rise after a recent outbreak ofhawkishness by global policymakers.The Aussie sank nearly oneper cent to as low as US$0.7875. It touched a high of US$0.7992 earlier in theweek but was rebuffed by stiff chart resistance at 80 US cents.Just as the policyrate in Australia did not need to decline to the very low levels seen in otherparts of the world the [read more]

TOP 5 U.S. Nasdaq Cash Hoarders

Apple Google and Microsoft are sitting on a mountain of cash andmost of it is stashed far away from the taxman.Those three tech behemoths held a total of $464billion in cash at the end of last year according to a Moodys reportpublished Wednesday.Apple (AAPL Tech30) alonehad a stunning quartertrilliondollars of cash thanks to years of gigantic profits and fewmajor acquisitions. Thats enough money to buy Netflix (NFLX  [read more]

Brent Crude Trying To Stay Above $50 Before OPEC

SINGAPORE(Reuters) Oil prices were little changed on Friday ahead of a key meeting ofmajor oil producing nations next week with Brent sitting below the $50 per barrellevel that was briefly breached for the first time in six weeks in the previoussession.International benchmark Brent crude futures LCOc1 were at $49.28 perbarrel 0501 GMT down 2 cents from their last close.U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $46.89 perbarrel down 3 cents. [read more]

Trump may name Anthony Scaramucci as White House communications director

WASHINGTON Financier Anthony Scaramucci a top donor to President Donald Trump during the campaign is expected to be named White House communications director on Friday two White House officials said.Scaramucci 53 years old is the founder of hedgefund investing firm SkyBridge Capital and a hedgefund conference known as SALT. Known as The Mooch Scaramucci previously hosted a financial TV show on Fox Business Network and has been a frequent guest advocating for Trump on cable news shows.Scaramucci didnt respond to a request for comment.Separately Marc Kasowitz Trumps personal attorney who [read more]

BoJ Expected To Keep Rate Unchange

The Bank ofJapan was expectedto lower its inflation forecast in a continued battle with stubbornly weakprice growth even as the wider economy is now on firmer footing economistssaid ahead of the release of the central banks monetary policy statement.The BOJ which ends itstwoday meeting on Thursday was also expected to keep rates unchanged and holdoff from expanding stimulus despite the more upbeat economic outlook saideconomists.Japans Ministry of Finance data showedon Thursday that the countrys exports grew 9.7 percent yearonyear in June [read more]

ECB Expected To Stay Unchang But Watch for Policies Change

The European Central Bank president and his cohorts seem to bestruggling to finetune their message to financial market participants on theoutlook for the institutions bondbuying program. Hell get another crack atit on Thursday when he holds a news conference following the meeting of thebanks policysetting Governing Cou The ECB is committed to buying [read more]

Asian Pacific Peak, Await BoJ & ECB

Asian sharesscaled a neardecade peak on Thursday bolstered by a surge in global stocks tonew records on strong US corporate earnings while investors awaited theJapanese and European central bank meetings for insight into their policyoutlooks.MSCIs broadest index ofAsiaPacific shares outside Japan added 0.1 per cent hovering near its highestlevel since December 2007.Japans Nikkei gained 0.4per cent. Australian stocks rose 0.6 per cent and South Koreas Kospi wasfractionally higher.Chinese shares were mixedwith blue chips pulling back slightly while the Shanghai Composite edgedhigher. Hong Kongs Hang [read more]

Foreign Buyer Increased 49% Over A Year

The NationalAssociation of Realtors released a report Tuesday that said foreign buyers andrecent immigrants spent an estimated $153 billion on American properties in theyear ending March 2017. That was a 49% increase over the previous year and thehighest level since recordkeeping began in 2009. The purchasesaccounted for 10% of the total value of existing home sales in the U.S. Thereport did not include new homes.The breakdown of sales betweenforeigners and recent immigrants Blame CanadaAmericas neighbors to thenorth were [read more]

China Economic Continual To Grow Despite Analysts Doubt

The growth rate which compares expansion with the same three months inthe previous year was the same as in the first quarter of 2017.Beijing is trying to rein in debt and a housing bubble with toughmeasures on the property sector and lenders.Many analysts expected Chinas economy to slow as those policies kickedin.But the latest data is well above Beijings 6.5% growth target for 2017.Limited impactDespite efforts to slow down the housing market property investmentgrew by 8.5% in the [read more]

Global Shares Mixed As Market Focus On Central Bank Talk

TOKYO  Shares meandered inslow trading Wednesday in Europe after a day of gains for [read more]

Manufacturing Stocks Get Boost With Government Relex Temporary Seasons Visas

The US government cleared the way on Monday for thousandsmore foreign workers to enter the country under temporary seasonal visas justas President Donald Trump declared this Made In America week andpledged to stand up for US workers.Advocates of stricter limits on immigration criticised the additionalvisas saying American workers should get job openings.Mr Trump a former New York real estate magnate who has relied onseasonal workers at his hotels and resorts campaigned [read more]

RBA minutes: Steady policy stance consistent with growth, inflation targets

The minutes of the July RBA meeting when interest rates were held unchanged at 1.5% have been released. As the RBA minutes note Taking into account all the available information the Board judged that holding the accommodative stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.Key headlinesJudged steady policy stance consistent with growth inflation targets saw welcome improvement in world economy number of central banks more positive. Domestic [read more]

A guild to US earning seasons

Goldman Sachs Bank of America and Johnson and Johnson are among thecompanies reporting earnings early Tuesday.Netflix may also cast a glow on the market after its stock jumped morethan 10 percent in extended trading Monday after the company posted asurprisingly large increase in subscribers.Besides earnings there is also a batch of economic news includingimport prices and business leaders survey at 930 a.m. ET. The NAHB homebuilders survey is at 10 a.m. and Treasury capital flow data will be releasedat 4 p.m. ET.Earnings are [read more]

Fed Yellen more cautious in her testimonies

Janet Yellen the countrys top central banker is taking back herprediction that another financial crisis couldnt possibly hit Americanfamilies in our lifetime.The Federal Reserve chairwoman who was testifying on Capitol Hillbefore the Senate Banking Committee Thursday said she should have been morecareful two weeks ago in London when she suggested that she didntbelieve there would be another financial crisis in the decades to come.What I should have stated originally when [read more]

Yellen testimonies on Fed rate, Balance sheet and Inflation

Markets are more anxious about this weeks inflation dataPPI out Thursday and CPI on Friday after Fed Chair Janet Yellen testimony to senate bank committee on Wednesday. Federal Reserve officials have recently been saying thedip in inflation is probably transitory Yellen said theyre wouldnt rush torise interest rate. [read more]

Gold up on Yellen comments

Gold prices rose on Thursday after US Federal ReserveChair Janet Yellen said the central bank would only gradually tighten monetarypolicy curbing speculation that interest rates would rise more than once thisyear.Spot gold rose 0.3 per cent to [read more]

The Big Question: Will The Stock Market Continual It Bull Run Or Correction?

History is NOT on the markets side.U.S. stocks have gone over a year without a major drawdownprompting some strategists to predict a swoon that could shave as much as 5%off of the S&P 500.Some traders are cautioning investors to tread carefully given the absenceof a correction in the wake of the markets dazzling performance since lastsummer.This is only the sixth time since 1950 that the S&P 500has made it at least a year without so [read more]

USD down EURO & XAU up

The USD weakened and funds flowed into XAUUSD on Wednesdayon concerns spurred by emails showing President Donald Trumps son met with aKremlinlinked lawyer whose stated goal was to assist Moscow in influencing theU.S. election.Donald Trump Jr. on Tuesday released emails [read more]

Goldman Sachs: Oil prices could plunge to below $40

Goldman Sachs warned on Tuesday that crudeoil could plunge below $40 a barrel soon if the massive U.S. oilglut persists and OPEC fails to take further action.The market is now out ofpatience Damien Courvalin head of energy research at Goldman Sachswrote in a research report.Theoil market is notoriously hot and cold. Concerns about excess supply fromU.S. shale [read more]

Nasdaq special report: bridging the gap between Chinese investor and U.S. Stocks

While opportunities are not usually bound by borders a lack ofappropriate mechanisms can hinder success. Such obstructions typically dont underminethe interests of investors to invest outside their homeland. For example thephenomenal success of Alibaba (BABA)where aChinabased company went on to become the largest [read more]

Fed's Yellen to address House Financial Services Committee

A more hawkish and strident JanetYellen will emphasize that the Federal Reserve is on track to bothraise interest rates and begin shrinking its balance sheet before the end ofthe year. [read more]

Trump’s talk of cyber-alliance with Russia draws outrage, disbelief

President Donald Trump and Russias President Vladimir Putin shake hands during a meeting in Hamburg Germany on Friday. Sec. Mnuchin Proposed USRussia cybersecurity partnership a very significant accomplishment for Pres. Trump. httpst.cobmgSZaFZ5x pic.twitter.comoAvC18mdIl ABC News [read more]

Asian Stocks rallied on Wall Street This Monday

Asian stocks rallied on Monday liftedby Wall Streets strong performance late last week while the US dollarextended gains made after much stronger than expected June employment data. [read more]

Yuan rise as China has no intention to devaluing the currency

Both onshore and offshore yuan edgedup on Monday after Pan Gongsheng head of the State Administration of ForeignExchange wrote in state magazine Qiu Shi that China has no intention of devaluingits currency to boost its competitiveness. It is important to note that China hasno intention of enhancing its competitiveness through currency devaluation itneither has the will or the need for it. Pan said. By providing foreignexchange liquidity to the market the central bank prevents excessive [read more]

Asia's Market In The Red After Wall Street

Asian shares lost ground on Friday after a weak session onWall Street while global sovereign debt yields were elevated across the boardon bets the [read more]

G20 Meeting Start This Friday and What To Expect.

The G20 founded in 1999 meets each year. It includes 19 countries andthe European Union and accounts for approximately 80% of global GDP. Aroundtwothirds of the worlds population lives in a G20 country. During thetwoday meeting happening in German Chancellor Angela Merkels birthplaceleaders are expected to discuses 5 things1. DefenseGiven the developmentsthat have emerged from North Korea in recent days defense will have a renewedurgency on [read more]

European Markets Open Lower This Friday On G20

European bourses open lower Fridaymorning as investors look out for fresh economic data a G20 meeting inHamburg and continue to mull the possible end of monetary stimulus from centralbanks. [read more]

Fed watch this Tursday

 The US dollar was little changed on Wednesday against a basket of currencies as the Federal Reserves minutes on its June 1314 policy meeting showed a rift among policymakers over the pace of future US rate increases with signs of inflation softening.The yen rose briefly on safehaven demand after North Korea said it conducted a test of [read more]

US today

Oil rose on Thursdayrecovering some ground after a surprisingly upbeat picture of U.S. demand haltedthe previous days steep slide although the prospect of oversupply in 2018 hasprompted yet more analysts to cut their price forecasts. Brent crude futures wereup 71 cents on the day at $48.50 a barrel. The price fell as much as 4.6 percentat one point on Wednesday before closing down 3.7 percent its biggest onedaydrop in a month. U.S. West Texas Intermediatecrude futures were also up 71 cents at $45.84 [read more]

BoJ cut inflation forecast

Japans central bank will cut itsinflation forecasts but hold off expanding stimulus this month people familiarwith the matter say in another sign the bank is retreating from GovernorHaruhiko Kurodas initial pledge to do whatever it takes to achieve hisambitious inflation target. [read more]