Equities Start to Stabilize after Recent Volatility; Norges
Equity markets found some stability overnight after the steep declines seen yesterday. The European banking sector saw some of the biggest declines and additional selling pressure came as Australia released employment data that missed expectatio
Spreadex Launches a Mobile Application
The company has developed an application to satisfy all its clients needs trying not only to offer a means of trading but also many additional tools to help clients to follow their positions and decide on the best actions to implement. Unlike oth
Asia Preview: Will Australian Confidence Fail Again?
Another rather dull Asian session is upon us – schedule wise – with only two major economic data points scheduled. The lack of economic releases is adding to thin trading during the session – which is helping to worsen moves in the commodity cur
Global Equity Selloff Accelerates on Continued Uncertainty;
Market volatility remains at extreme levels as a lack of liquidity is creating large price swings in all asset classes. In times like these, risk aversion is the guiding factor and safe haven assets are making huge gains as a result.
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3 Reasons the US Economy Is Still In Trouble, Post Debt Deal
The US economy is facing strong headwinds currently as data this week showed manufacturing faltering in July and consumers retrenching in June. While those factors impact current growth and give us a sense the 3rd quarter is starting off weak, in
US Congress Postpones its Debt Ceiling Vote for a Second Tim
The US congress postponed its vote on the Republican plan to raise the national debt ceiling without giving a date for when it will actually occur. Equity markets and risk assets dropped heavily on the news as this only increases the level of un
RBNZ Hints at Near Term Rate Hikes; Oil Heads Lower on Deman
The Reserve Bank of New Zealand held its policy meeting yesterday and elected to keep its cash rate unchanged at 2.5% (in line with expectations) but the accompanying statement hinted at the possibility that a rate hike could be seen in the near
Markets Remain Heavy as Debt Ceiling Debate Continues; Austr
The US Dollar was broadly lower against the majors (the Aussie, in particular) in Asian trading as second quarter CPI readings in Australia came in higher than expected. US lawmakers are not helping the situation, as debt ceiling
US Data Round-Up: Confidence Surprises, but Cant Help USD
US equities were sharply weaker in the NY morning, with S&P falling to 1326 following the release of housing, manufacturing and consumer confidence data. The main surprise in the data comes from the consumer confidence report, and it may help to
MONEY TALKS: We're Not As Rich As We Thought We Were
(Dow Jones via #eFXnews.com)A fascinating recent story in the Irish Times* showed how the Irish downturn has caused a collapse in demand for illegal drugs.
Apparently, drug gangs have had to pull in their belts alongside the rest of the po
Global Markets Overview 07/18/2011
Financial stocks were among the worst decliners in the S&P 500. Citigroup slumped 64 cents, or 1.6%, to 38.38, reversing an earlier advance. The bank's second-quarter profit jumped 24%, but it struggled to increase earnings in many businesses aro


