29 May 2013 @ 12:07
Global recovery is uneven but gradual. The global economy is moving forward, but divergence between countries and regions reflects the uneven progress made toward recovery from the economic crisis, according to the OECD’s latest Economic Outlook. Historically high unemployment remains the most serious challenge facing governments. World real gross domestic product (GDP) is projected to […]
24 May 2013 @ 16:47
A roller-coaster ride for markets this week and a perfect example of how important central bank communication (read US Federal Reserve) has become and how markets can move indiscriminately on changes in sentiment regarding the future of the highly accommodative monetary policy (read Fed’s QE3), something that has supported the global rally and recovery hopes […]
24 May 2013 @ 12:59
Pound Sterling – The Pound started the week looking upwards after it made gains against the US Dollar after an industry report showed that UK home sellers raised their asking prices for a fifth consecutive month in May. As a result of the data, Sterling climbed from its lowest level in six-weeks against the US currency. […]
23 May 2013 @ 16:52
While the investment world focuses on Japan today, the news at JP Morgan has failed to make the make the headlines it would have on any almost other day. The Financial Conduct Authority (FCA) has levied a fine of £3,076,200 “for systems and control failings related to its provision of retail investment advice and portfolio investment services” […]
22 May 2013 @ 14:49
With exquisite timing, both Lloyds Banking Group (
LSE:LLOY) and Royal Bank of Scotland (
LSE:RBS) issued updates regarding their capital positions this morning in advance of today’s visit by representatives of the International Monetary Fund (IMF) with Chancellor George Osborne. As expected, the IMF urged Osborne to divest the taxpayers’ stake in both banks as quickly […]
21 May 2013 @ 14:38
Do you remember what you were doing 13 years ago? Probably still breathing a sigh of relief that the Y2K computer software issue didn’t really exist. And, hey, things were looking good. The key stock indicators looked great. It was the start of a whole new millennium. What could possibly go wrong? Well, a lot […]
20 May 2013 @ 15:21
Is it possible that BP (LSE:BP.) could be in deep water again? Given the company’s activities over the past several years, including those minor headaches in the Gulf of Mexico and with their joint ventures with Russian oligarchs, it seems almost inevitable. This time BP has reportedly been in cahoots with Royal Dutch Shell (
LSE:RDSA) […]
20 May 2013 @ 06:23
The GBPUSD starts a decisive week, due to the large amount of economic data to be published in the UK this week. The GBPUSD is forming a higher low pattern above support at the 1.5154 level, if it does break this support, it is very possible that this pair drop to the level of 1.5090. […]
17 May 2013 @ 10:49
Pound Sterling – On Monday the Pound was little changed as economists awaited the release of data which was expected to show that the number of people in the UK claiming unemployment benefits fell for a sixth consecutive month in April adding to hopes that the nation’s economy is making a recovery. On Tuesday it […]
16 May 2013 @ 15:48
High in the foothills of the Great Smoky Mountains, in the quiet community of Lenoir, North Carolina sits a sprawling facility shrouded in mystery. Lenoir used to be home to the most well-known scions of furniture manufacturing in the United States, but those factories and jobs have all been moved to China. The most notable […]