Global economy still limping along

Posted by Forexsq 5 days ago (
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.

Amazon's losses widen, shares drop

Posted by Forexsq 5 days ago (
img 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 Rises to Highest in Month on Jobless Claims Drop

Posted by Forexsq 5 days ago (
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

S&P 500 Extends Record on Facebook Rally Amid Earnings

Posted by Forexsq 5 days ago (
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 5 days ago (
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

Sterling Dips after BoE Minutes | Top Forex Brokers

Posted by Forexsq 7 days ago (
img Sterling lost much ground after BoE minutes and is the weakest currency for today. While the greenback strengthened against Euro and Sterling, but it weakened aginast others. Aussie was lifted... moreShare it now!

Brent Crude Rises as Ukraine Fighting Intensifies

Posted by Forexsq 7 days ago (
img Brent crude advanced as fighting intensified between government and rebel forces in Ukraine. West Texas Intermediate traded near its lowest closing price in two days after an industry report showed U.S. gasoline supplies expanded.

Futures climbed as much as 0.5 percent in London. Rebels downed two Ukrainian SU-25 fighters aircraft today in the Donetsk region, Defense Ministry spokesman Oleksiy

Gold Holds Above Three-Day Low as Ukraine to U.S. Weighed

Posted by Forexsq 7 days ago (
img Gold held above a three-day low in New York as investors weighed tension over the downing of a passenger aircraft in Ukraine against the outlook for an improving U.S. economy.

The dollar was little changed near a one-month high against 10 major currencies after data yesterday that showed U.S. home sales climbed to an eight-month high and before a report tomorrow that may show slowing European

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

Posted by Forexsq 7 days ago (
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

Aussie Climbs on Inflation as Emerging Currencies Rally

Posted by Forexsq 7 days ago (
img Australia’s dollar climbed to the highest level in almost two weeks against its U.S. peer as traders pared bets on a cut in interest rates after a jump in inflation.

South Africa’s rand and the Turkish lira rose for a fourth day as emerging-market currencies and stocks advanced on investor bets China will accelerate measures to boost its housing market. Indonesia’s rupiah jumped the most in tw

Two Ukraine Fighter Jets Downed by Rebels Near MH17 Site

Posted by Forexsq 7 days ago (
img Separatists shot down two Ukrainian fighter jets in the same eastern region where Malaysian Air (MAS) Flight MH17 was destroyed, the government said.

Rebels downed two SU-25 fighters in the Donetsk region, Defense Ministry spokesman Oleksiy Dmytrashkovsky said by phone today. They were hit from a rebel missile-defense system over the village of Dmytrivka. The pilots ejected and their whereabou

Consumer prices rise in June as gasoline prices jump

Posted by Forexsq 8 days ago (
img Consumer prices gained again in June but the rise was not as broad-based as in the prior month and was driven mainly by the rising cost for gasoline.

The Labor Department said the consumer price index increased 0.3% in June after a 0.4% gain in May.

The gasoline index rose 3.3% in June, and accounted for two-thirds of the increase in overall June prices, the department said.

Food and so-

For stocks, Dow 20,000—then a crash?

Posted by Forexsq 8 days ago (
img The Dow Jones Industrial Average soars to 20,000. The cheers echo around Wall Street. As the economy recovers, unemployment tumbles. A wave of mergers sweeps Wall Street as big companies bet on a continuing economic boom. The bears and naysayers are routed, humiliated and consigned to oblivion. Mom-and-Pop investors, terrified of getting left behind, pour money into stocks.

And then, horrifyin

Goldman Sachs Managing Director Nicholas Valtz Found Dead

Posted by Forexsq 8 days ago (
img Nicholas Valtz, a managing director in cross-asset sales at Goldman Sachs Group Inc. (GS) in New York, was found dead yesterday by family members who went searching for him after he didn’t return from a kiteboarding outing.

Valtz, 39, was found in Napeague Harbor near the eastern end of Long Island, according to the East Hampton, New York, police. He was a “novice kiteboarder” and was found fl

Dollar Advances to 8-Month High Versus Euro After CPI

Posted by Forexsq 8 days ago (
img The dollar rose to the highest in eight months versus the euro as an increase in short-term U.S. Treasury yields signaled mounting speculation that Federal Reserve Chair Janet Yellen will need to raise interest rates.

The greenback extended gains after U.S. consumer prices rose in June, adding pressure on the Fed to tighten policy while the European Central Bank has introduced unprecedented st

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