That Recent House Price Boom May Be Over Before It’s Started You know we can’t be alone in rolling our eyes when reading of the return of ‘house flippers’ in the USA. Many had hoped that these beasts had become extinct with the collapse of the mortgage backed securitization model that went down with the […]
Oil Spikes As Western Military Intervention In The Syrian Conflict Appears Increasingly Likely. Soc Gen Predicts Price Could Rise To $150 Per Barrel. The Dubai stock market picked up where it finished yesterday by dropping almost 6% shortly after the market open, taking the cumulative losses this week to circa 13%. The current level is
Mind The Gap; London Mid Morning Session Update Before New York Opens Read More »
Why FX Intervention Never Works And Those End Of Week Spikes… There were two fascinating articles that caught our eye over the last 24 hours that weren’t given as much publication in the mainstream financial press as they deserved. One concerned the currency spikes many of us observed every Friday at 4pm London time each
Dubai’s Index Crashes By Over 7% As The Drums Of War Begin To Beat… The escalation of the crisis in Syria encouraged investors to sell off stocks in Gulf markets and cash in on many of the significant profits already registered so far this year. The ramifications of the intense speculation were not isolated to
USA debt ceiling may replace tapering as the new market ‘meme’… There was a time, before monetary easing to infinity was introduced in the first months of 2013, when the market meme concerned the fiscal cliff. In December 2012 you couldn’t move your cursor around a financial headline page without stumbling on the words “fiscal
Mind The Gap; European Session Update Pre The New York Open Read More »
Orders For Durable Goods In The USA Collapses We thought carefully before using the word “collapse” as it can often suggest a cataclysmic slump. Despite the economists polled suggesting that the USA durable goods orders would fall by -3%, versus a 3.9% growth the previous month, the print of -7.3% was undoubtedly a shock. This
Currency crises get ‘real’ for Brazil, India and other emerging economies When not discussing the ‘T’ word (tapering) the financial press has recently delivered many articles on the situation regarding India and in particular its collapsing currency the rupee, which is devastating the Indian economy. India’s financial woes are critical. The rupee has depreciated by
ECB’s Jens Weidmann states that monetary policy has now entered unknown and dangerous areas It’s not the most obvious statement the ECB, or one of its officials has ever uttered, but it must be right up there with the best. Jens Weidmann appears to have suggested that QE and engaging in a zero interest rate
Mind The Gap; European session update pre New York’s open Read More »
On first inspection the big policy and news events of last week, including the Jackson Hole Symposium that finished on Saturday, did little to alter the overall market direction, despite a slight recovery to the upside taking place during Friday’s sessions. The main market many investors use as a barometer for sentiment, the DJIA, closed
Trend Analysis For The Week Beginning August 25th 2013 Read More »
China’s PMI hits a four month high in August, whilst European markets rally on strong PMIs China started the encouraging PMI report round-up in the Asian session by printing a better than expected 50.1 reading. The previous month’s reading was 47.7 and the economists polled suggested 48.3 would be this month’s target. The index hit
Mind The Gap; mid morning European session update before New York opens Read More »
