U.S. jobless claims hit more than eight-year low, but home sales tumble

Posted by Forexsq 4 days ago (http://www.reuters.com)
img The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction.

Initial claims for state unemployment benefits declined 19,000 to a seasonally adjusted 284,000 for the week ended July 19, the Labor Department said on Thursday.

That was the lowest level since February 2006

U.S. stocks: Futures edge up; Family Dollar soars on bid

Posted by Forexsq 15 hours ago (http://www.marketwatch.com)
img U.S. stock futures turned higher Monday as deal news sent shares of Family Dollar Stores Inc. and Dollar Tree Inc. soaring in premarket.

Home-sales data will kick off a busy few days for economic updates, the biggest of which will be payrolls on Friday. Investors will also get a Federal Open Market Committee decision mid-week.

Global economy still limping along

Posted by Forexsq 4 days ago (http://money.cnn.com)
img The world economy is stuck in low gear even as the risks to growth mount, the International Monetary Fund said Thursday.

Global growth this year should average 3.4%, the IMF said. That's a little better than the 3.2% the world economy managed in 2013.

Stock trader who called three crashes sees 20% collapse

Posted by Forexsq 15 hours ago (http://www.marketwatch.com)
img Mark Cook, a veteran investor included in Jack Schwager’s best-selling book, “Stock Market Wizards,” and the winner of the 1992 U.S. Investing Championship with a 563% return, believes the U.S. market is in trouble.

The primary indicator that Cook uses is the “Cook Cumulative Tick,” a proprietary measure he created in 1986 that uses the NYSE Tick in conjunction with stock prices. His indicator

Amazon's losses widen, shares drop

Posted by Forexsq 4 days ago (http://www.reuters.com)
img Amazon.com Inc posted a much larger-than-expected loss in the second quarter as its rapid pace of investment in businesses such as digital content and consumer electronics offset a 23 percent jump in revenue.

Shares of Amazon have slid 10 percent so far in 2014, as investors grow increasingly leery of betting on potentially rapid long-term growth at the expense of little to no profit.

On Th

Dollar Holds Gains Versus Euro; Longs at Most Since 2012

Posted by Forexsq 15 hours ago (http://www.bloomberg.com)
img The dollar traded at almost the strongest level in eight months against the euro as investor bets that it would climb versus the single currency increased to the most since November 2012.

The U.S. currency held its biggest weekly advance since March against its major peers before reports forecast to show growth in services remained near the fastest pace in at least three years, employers added

Dollar Rises to Highest in Month on Jobless Claims Drop

Posted by Forexsq 4 days ago (http://www.bloomberg.com)
img The dollar touched the highest level in more than a month against a basket of peers as unemployment applications unexpectedly dropped to an eight-year low, another sign the U.S. labor market is gaining momentum.

The euro climbed from an eight-month low after manufacturing growth unexpectedly quickened in July. The pound dropped for a seventh day versus the dollar after U.K. retail sales rose l

Gold Bulls Boost Bets on Rally Just as Prices Extend Drop

Posted by Forexsq 15 hours ago (http://www.bloomberg.com)
img Hedge funds increased their bets on a gold rally, just before prices fell for a second week as an accelerating U.S. economy outweighed concern that violence between Russia and Ukraine will escalate.

Money managers increased their net-long position by 3.1 percent in the week through July 22, U.S. government data show. Two days later, prices dropped to a five-week low amid declining demand. Purc

S&P 500 Extends Record on Facebook Rally Amid Earnings

Posted by Forexsq 4 days ago (http://www.bloomberg.com)
img The Standard & Poor’s 500 Index extended a record as Facebook Inc. (FB) rallied on higher revenue, and growth in global manufacturing offset a drop in home sales. Caterpillar Inc. sank on a disappointing forecast, leaving the Dow Jones Industrial Average (INDU) little changed.

Facebook jumped 5.2 percent to a record after saying second-quarter sales surged 61 percent. Under Armor Inc. surged 1

Don’t Tell Anybody About This Story on HFT Power Jump Trading

Posted by Forexsq 4 days ago (http://www.bloomberg.com)
img Far from Wall Street in a Chicago neighborhood once synonymous with urban blight, two futures industry veterans are using secrecy and speed to mint fortunes.

Their firm, Jump Trading LLC, was all but invisible until it was among six companies subpoenaed in April by New York prosecutors. Jump has ascended the ranks of high-frequency traders during the past 15 years to become one of the top firm

Pound falls as U.K. retail-sales data disappoint

Posted by Forexsq 4 days ago (http://www.marketwatch.com)
img The pound sterling fell against the dollar, euro and yen Thursday, pressured by weaker-than-expected U.K. retail sales data and the lack of a clear hawkish signal from the Bank of England.

Investors still expect the BOE to be the first of the G-4 central banks to normalize monetary policy, but the lack of a clarity regarding when investors can expect an interest-rate increase in the minutes fr

Focus on sterling Currency | Top Forex Brokers

Posted by Forexsq 3 days ago (http://www.topforexbrokers.com)
img The break back below the 1.70 level on cable yesterday reflected the extent of the dollar recovery seen during July, but also the more balanced view being taken towards the... moreShare it now!

Bank of England Monetary Policy Meeting Minutes

Posted by Forexsq 5 days ago (http://www.bankofengland.co.uk)
img There had been a noticeable increase on the month in UK short-term interest rates and a further appreciation in the exchange rate. One-year overnight index swap (OIS) rates, one year forward, had risen by around 25 basis points, to just above 1.5%, while the sterling effective exchange rate had risen by 2% on the month, to its highest level since October 2008. Both had been rising over recent mon

U.S. durable goods orders rebound, core capital goods rise

Posted by Forexsq 3 days ago (http://www.reuters.com)
img Orders for long-lasting U.S. manufactured goods rose more than expected in June, pointing to momentum in the economy heading into the third quarter.

The Commerce Department said on Friday durable goods orders increased 0.7 percent as demand increased from transportation to machinery and computers and electronic products.

The increase in orders for these goods, which range from toasters to a

NY Fed found serious problems at Deutsche Bank's U.S. arms: source

Posted by Forexsq 5 days ago (http://www.reuters.com)
img The Federal Reserve Bank of New York has found serious problems in Deutsche Bank's U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, a person close to the matter told forexsq.

In a letter to the German lender's executives last December, a senior official with the New York Fed described financial reports produced by some of the bank's

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