Dollar Rises as Commodities Decline on China; Ruble Falls

Posted by Forexsq 6 days ago (
img The dollar strengthened to a 14-month high and commodities declined to the lowest level in five years after data added to evidence China’s economy is slowing. Russia’s ruble weakened to a record after the European Union and U.S. imposed new economic sanctions.

The Bloomberg Dollar Spot Index rose 0.1 percent at 8:33 a.m. in New York. The Bloomberg Commodity Index (BCOM) fell 0.4 percent as oil

Apple’s New iPhone 6 Smartphones Top 4 Million in Pre-Orders

Posted by Forexsq 6 days ago (
img Apple Inc.’s iPhone 6 and iPhone 6 Plus topped 4 million in pre-orders in the first 24 hours, as early demand for the smartphones outstrips supply.

Deliveries will start at the end of this week, when the devices officially go on sale, with many not scheduled until next month, the Cupertino, California-based company said in a statement today. Apple indicated last week that the devices would tak

Dollar rises against pound, euro ahead of Scottish vote

Posted by Forexsq 6 days ago (
img The U.S. dollar climbed against the euro and British pound on Monday as investors turned their attention to a looming vote on Scottish independence.

The latest polls showed a divided outlook as Scotland prepares for a Thursday referendum vote on whether to become independent from the United Kingdom. a break-up could ripple across the euro zone, pushing the pound sharply lower, investors believ

Alibaba is coming: Should you buy it?

Posted by Forexsq 6 days ago (
img The hottest party of the year is near.

Chinese e-commerce behemoth Alibaba is vying to raise up to $24 billion in what could be the largest IPO in history. Since last week, company executives have been on the road trying to convince mutual fund managers, hedge fund titans, and wealthy individuals that for between $60 and $66 per share, Alibaba is even better than Facebook.

And the demand fr

Scots Breakaway Seen at 45% Probability by Economists

Posted by Forexsq 6 days ago (
img Scotland’s nationalists have a 45 percent chance of winning the independence referendum this week and there’s a risk of a capital flight from the country if that happens, according to a Bloomberg survey of economists.

Asked to quantify the odds of a “yes” and “no” vote in the Sept. 18 ballot, economists said there is a 55 percent probability the anti-independence Better Together campaign will

An economic puzzle has been revised away

Posted by Forexsq 9 days ago (
img Payrolls growth has been strong, the unemployment rate has come down, manufacturing and service sentiment was buoyant, consumer credit was expanding, the stock market continues to improve, house prices are still mending, consumer confidence was improving — but consumers weren’t spending?

Well, the new Commerce Department report on retail sales indicates that, actually, spending wasn’t so disas

Carney Steering BOE in Scots Vote as Quebec Casts Shadow | Top Forex Brokers

Posted by Forexsq 6 days ago (
img Having watched Quebec’s attempt to break away from his native Canada in 1995 while working at Goldman Sachs Group Inc. in London, the Bank of England governor now finds himself... moreShare it now!

Record S&P 500 Masks 47% of Nasdaq Mired in Bear Market

Posted by Forexsq 6 days ago (
img Beneath the U.S. stock market’s record-setting gains, trouble is stirring.

About 47 percent of stocks in the Nasdaq Composite (CCMP) Index are down at least 20 percent from their peak in the last 12 months while more than 40 percent have fallen that much in the Russell 2000 Index and the Bloomberg IPO Index. That contrasts with the Standard & Poor’s 500 Index (SPX), which has closed at new hig

U.S. dollar is flat against rivals after data

Posted by Forexsq 9 days ago (
img The U.S. dollar remained higher against the euro, yen and other G-10 rivals Friday after data showed U.S. retail sales recorded robust growth in August.

Analysts said the strong economic data encourage they Fed to bring its outlook forward.

“Now, that we know that the U.S. retail sales data was good, this would increase the odds of Fed changing their statement next week, and if they do, we

Retail Sales Increase in U.S. by Most in Four Months

Posted by Forexsq 9 days ago (
img Sales at retailers climbed in August at the fastest pace in four months and prior readings were revised up, boosting prospects for U.S. economic growth this quarter.

The 0.6 percent gain matched the median forecast of 82 economists surveyed by Bloomberg and followed a 0.3 percent increase the prior month that was stronger than previously reported, Commerce Department figures showed today in Wa

Yahoo’s Yang Is Back Playing Alibaba-Board Power Broker

Posted by Forexsq 9 days ago (
img Executives at messaging startup TangoMe Inc. were brainstorming expansion plans last year when one of their investors, Jerry Yang, made a suggestion: Talk to Alibaba Group Holding Ltd.

Yang, a co-founder of Yahoo! Inc. (YHOO), quickly introduced TangoMe to an Alibaba executive. That led to a meeting with Yang, Alibaba Vice Chairman Joe Tsai and the young company at its Space Odyssey room in Mo

Russia sanctions: West's top targets

Posted by Forexsq 9 days ago (
img Europe and the U.S. are trying to hit Russia's economy by restricting its access to Western finance, oil exploration technology and services, and arms.

Here are the 18 most important companies and individuals now subject to Western sanctions, imposed over the crisis in Ukraine

U.S. Stocks Decline on Fed Bets After Retail Sales Climb

Posted by Forexsq 9 days ago (
img U.S. stocks fell, with the Standard & Poor’s 500 Index poised to end a five-week stretch of gains, as investors speculated the Federal Reserve may raise interest rates sooner than estimated after retail sales climbed at the fastest pace in four months.

The S&P 500 fell 0.2 percent to 1,993.91 at 9:33 a.m. in New York.

U.S. retail sales increase broadly; import prices subdued | Top Forex Brokers

Posted by Forexsq 9 days ago (
img U.S. retail sales rose broadly in August, which should ease some concerns about consumer spending and support expectations for sturdy growth in the third quarter. The Commerce Department said on... moreShare it now!

U.S. Stocks Fall as Oil Tumbles, Investors Consider Rates

Posted by Forexsq 10 days ago (
img U.S. stocks fell, after equities rose yesterday for the first time in three days, as energy producers slid with the price of oil and investors speculated on the timing of interest-rate increases.

Chevron Corp. and Nabors Industries Ltd. slid more than 1.1 percent as Brent crude touched the lowest intraday level in more than two years. Lululemon Athletica Inc. soared 16 percent after raising it

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