Forex News
Investors Continue Selling Emerging Markets Even After Rate Hikes
Markets are waging war against central bankers.
EU’s “Too Big To Fail” Plan May Be Too Late To Pass
Michel Barnier, the European Union’s financial services chief, faces opposition as he prepares to unveil plans to curb the activities of about 30 of the bloc’s biggest banks to prevent them being too big to fail.
Norway: Labour market – weaker than expected
• LFS unemployment increased • But the trend is sideways • No need to change view on Norges Bank
IMF Official: Emerging Markets Must Tackle Inflation
A top International Monetary Fund official on Tuesday said emerging markets must act quickly to tame rampant inflation, but said there is no need to worry yet about a global market selloff.
Analysts Remain Skeptical About UK’s Recovery
First, the good news – the UK has recorded its best annual growth since the credit crisis hit and now looks like the strongest economic recovery in Europe.
French Unemployment Hits Record High
French unemployment hit a record high of 3.3 million in December, in a further blow to the economic policies of Socialist President Francois Hollande.
Market Divided on NZ Central Bank’s Next Move
The Reserve Bank of New Zealand (RBNZ) may hike rates by 25 basis points to head off inflationary pressures when it meets this Thursday, making it the first major central bank in the developed world to start normalizing monetary policy.
Sweden: Don’t worry about retail sales
Retail sales ended 2013 on a weak note. In December, sales decreased by 0.8% over the month and increased by a modest 1.8% over the year. The outcome was even weaker than our below-consensus forecast.
$18 Million VIX Calls Sold As Singular Trader Believes That Stock Prices Will Stabilize By Late Feb
An investor sold about $18 million in calls on the Chicago Board Options Exchange Volatility Index, a strategy that will be profitable as long as the VIX doesn’t keep extending last week’s surge.
Rate Hikes Needed To Relieve Pressure For Emerging Markets Currencies
Turkey’s central bank appears set to use its emergency meeting to hike rates and the Reserve Bank of India surprised the market with an increase,
Germany: Growth picks up
The Ifo index for January increased by more than we and consenus expected, driven by both current conditions and expectations. We expect German GDP growth to accelerate to 0.4% q/q in Q1 – and it might be more.
Performance of Services Index (PSI) – Cheers to 2013
2013 represented a solid story of growth for New Zealand’s services sector, according to the BNZ – BusinessNZ Performance of Services Index (PSI).