Asian markets crept cautiously higher to start the week in positive territory following last week’s record highs in the US. After a nine day losing streak, Chinese banks and drug makers led the gains as investors risk appetite improved. However, gains in China might be limited after it emerged Chinese banks continued to hoard cash…
A report out last week from the Commodity Futures Trading Commission (CFTC) certainly raised my eyebrows when they stated that they had underestimated the size of all the outstanding swap contracts on its data repositories. According to CFTC officials familiar with the case and cited by the Wall Street Journal, the discrepancy may be as…
As gold looks to close out 2013 at its year lows and despondency and despair amongst the bulls is all encompassing, we think the graph below is worth a cursory glance. It shows that the private sectors in the US are actually starting to build debt again and this is most likely the reason why…
Step right up and try your luck…spin the wheel and watch where she lands…everybody’s a winner” Sometimes if you listen hard enough you can almost hear the Carney coaxing unwary investors to step up and try their luck in a game that has been rigged against them. During the last two decades, I have been…
With Gold closing at a multi year low last night in the wake of the Federal Reserve tapering – now known as “Taper Lite”, it may be the case that some regard it as high time to finally capitulate on precious metals and any asset classes which are remotely related to it! However, there may…
Risers: Empyrean Energy +5.26% Empyrean Energy has today reported a significant increase in half-year net profit at £2.38m in comparison to £66,000 a year earlier. The US onshore oil, gas and condensate exploration company has said the improved results are due to an increased pace of drilling at its Sugarloaf project. Revenue for the HY…
Asian markets had mixed results last night ahead of the Bank of Japans decision on monetary policy and continuing volatility in the Chinese interbank lending market. The Nikkei 225 finished up 11 points after initially remaining cautious ahead of the policy announcement, the decision to maintain easing lead to a late surge to finish in…
Do with below what you will. We intend to trade AGAINST the consensus! Pimco: Fed taper leaves USD unattractive within G-10; USD isn’t expected to appreciate in 2014, Thomas Kressin, head of European foreign exchange at Pimco, says in interview EUR, GBP and Scandinavian currencies to remain strong vs USD in next 3 to 6…
