• London Session: Trepidation comes back to the markets

    Risk is once again off today as the dollar continues to find buying interest. This is the third day in a row that the dollar has risen -so is this a trend and has the QE3/ Draghi OMT boost to the markets already lost steam? We are unsure at this stage, although we believe that dollar gains will be limited by the prospect of more QE from the Fed (especially if the labour market doesn't start to pick up). However, the success, or not, of the ECB's OMT programme all depends on Spain requestin...
  • Best National Parks You've Never Heard Of

    Ever since the U.S. Congress declared Yellowstone a national park in 1872, nations around the world have followed suit, protecting vast swaths of exceptional land. Here?s a look at some of the best.
  • Nakoula Taken Into LA Police Station

    Anti-'Innocence of Muslim' Protests Expand, Suspected Filmmaker Nakoula Taken In For Questioning

    The man suspected to be Sam Bacile, the director behind the anti-Islam film "Innocence of Muslims," Nakoula Basseley Nakoula, was taken in for questioning on Saturday by the L.A. police. Meanwhile, protests in Afghanistan and Jakarta turned violent, and Al-Qaeda called last week's bombing of the U.S. Embassy in Benghazi that killed Ambassador Chris Stevens a "great event."
  • Trade Setups in AUDUSD and USDJPY

    Early week focus is on the AUDUSD and USDJPY as per event risk in Japan (rate decision tomorrow) and Australia (RBA minutes tonight). The USDJPY drop lower last week probably completed a terminal thrust from a triangle. It's taken just 2 days for the USDJPY to return to the early September high (7903). The target is 8061 (top of triangle). Support is now 7865 and a bullish bias is warranted against last night's low of 7816. Several days of congestion are probably underway in the AUDUSD aft...
  • Pre-Opening Wheat Market Report 9/17

    December Chicago wheat is trading 12 cents lower near 7:30 am CST. Kansas City and Minneapolis wheat are lower as well. Minneapolis wheat is gaining on KC and Chicago. The November Matif Milling wheat contract is trading 3.50 Euros lower. There were 44 September Chicago wheat deliveries overnight bringing the month-to-date total to 969 contracts. Commodity markets were under pressure overnight following gains seen last week. Tensions in the Middle East along with a more cautious mood by investor...
  • 'Innocence of Muslims' Protests

    Muslim Protesters Clash With Police In Sydney As Obama Grapples With Middle East Unrest

    The violence and widespread protests that have plagued Cairo and sections of the Middle East spread into Sydney, Australia Saturday as police clashed with hundreds of angry demonstrators.
  • Euro weak on profit-taking, dollar recovers

    QE3 Reviving Fears Of Global Currency Wars

    Thursday's announcement by the U.S. Federal Reserve that it would be engaging in a third round of open-ended bond-buying, known as QE3, to energize the economy saw a resoundingly positive reception in the foreign financial markets, where indexes rose Friday. But market-watchers were expecting the global equity party would lead to an inevitable hangover soon, in the form of intervention by central banks around the world, to stop massive inflows of dollars into non-U.S. economies -- in short, a...
  • 'Finding Nemo 3D' Gets Positive Reviews & Excites Twitter [VIDEO]

    ?"Finding Nemo 3D" hit theaters on Friday and Twitter began to instantly erupt with posts about how people wanted to go see the new version of the movie.
  • Australia Culls 100,000 Feral Camels To Limit Environmental Damage

    Some 100,000 feral camels have been culled from the Australian outback in order to control the population level and limit the environmental damage they cause.
  • Apple iPhone 5 Pre-Orders Delayed Two Weeks From Release Date: Is Online Ordering Worth The Price Of Waiting?

    One hour after pre-orders for the new iPhone 5 went live on Apple's website Friday morning, shipping estimates from the online Apple Store have already been delayed to two weeks for customers in the US, UK, Germany, Canada and Australia. Currently, any new iPhone 5 purchases will likely be shipped and delivered two weeks after the iPhone 5's actual release date on Sept. 21, by Friday, Oct. 5.
  • Pre-Opening Wheat Market Report

    December Chicago wheat is trading 14 cents higher near 7:30 am CST. Kansas City and Minneapolis wheat are higher as well but lagging the move in Chicago. The November Matif Milling wheat contract is trading 3 Euros higher. There were 20 September Chicago wheat deliveries overnight bringing the month-to-date total to 925 contracts. Most commodity markets were stronger overnight following the Feds decision to allow for more monetary easing for an undisclosed period of time. The US Dollar is tradin...
  • Apple iPhone 5 Pre-Orders Sell Out Within An Hour; Handset Shipment Dates Slip To Two Weeks

    Just within an hour of the Apple (AAPL) iPhone 5 pre-orders going live, shipment dates for the new orders dropped to two weeks in the U.S., U.K., Canada, Germany and Australia, MacRumors stated.
  • London Session: Bernanke brings all the booze to the party

    Markets like what they heard from Fed Governor Ben Bernanke yesterday and the extension in the risk rally has gathered speed this morning. After a slight pullback where we saw the dollar stabilise earlier, it is once again coming under pressure. However, the dollar index is down nearly 6% since the end of July and it is starting to look extremely oversold so be aware of a sharper pullback in the near term. This would not mean that the rally is over, merely that the market has over extended itsel...
  • Fundamental Update: Initial thoughts on the FOMC decision

    Financial markets can't seem to decide if this evening's Fed announcement is good or bad news for financial markets. Here is what the Fed has decided to do: 1, QE3: this will entail purchases of $40 billion of mortgage-backed securities each month - these purchases are unlimited and will depend on future labour market data. 2, The pledge to keep interest rates at 0-0.25% has been extended to 2015. 3, There will be more Operation Twist, focusing on extending the banks' ownership of long-...
  • Tourism

    International Tourism Arrivals To Exceed 1 Billion For First Time In 2012

    Europe may be in the throes of a crisis while North America recovers from its own recession, but that hasn’t stopped people from traveling -- far from it. Despite concerns over the global economy, tourism has shown incredible resilience as international arrivals are now projected to cross the 1 billion mark for the first time in 2012.
  • Pre-Opening Wheat Market Report 9/13

    December Chicago wheat is trading 3 cents higher near 7:30 am CST. Kansas City and Minneapolis wheat are higher as well and gaining on Chicago. The November Matif Milling wheat contract is trading 2 Euros higher. There were 20 September Chicago wheat deliveries overnight bringing the month-to-date total to 905 contracts. Wheat is seeing marginal support this morning after Egypt tendered for wheat following the close yesterday. The US Dollar is trading slightly lower as traders anticipate more mo...
  • Pre-Opening Corn Market Report for 9/12/2012

    December corn is trading 2 cents higher near 7:00 am CST and there were no September corn deliveries overnight. Dalian corn traded slightly lower overnight. Grains are recovering following yesterday's sharp losses just ahead of this morning's USDA report. Outside markets are providing a positive tilt after European markets rallied on news that Germany's top court will support the new Euro zone ESM bailout fund. The Dollar moved lower on the news while metals, energies, grains, and equit...
  • London Session: Heading towards 1.30 in EURUSD

    Eurozone event risk has been front and centre today. Firstly Germany’s top court gave the green light to a longer-term bailout fund for the currency bloc; there was also a State of the Union address by the EU Commission President. By far the most important event for the markets was the German court ruling. But what does it actually mean for risky assets?
  • Pre-Opening Wheat Market Report 9/11

    December Chicago wheat is trading 2 cents higher near 7:30 am CST. Kansas City and Minneapolis wheat are slightly higher as well. There were 37 September Chicago wheat deliveries overnight bringing the month-to-date total to 818 contracts. The November Matif Milling wheat contract is trading 1.50 Euros lower. December wheat managed marginal gains overnight after Australian's wheat production was cut by a government agency and on a lower US Dollar. European equity markets fell for the second s...
  • Wind Turbine

    Sky's No Real Limit For Wind Power, Scientists Say

    Four million wind turbines in an all clean-energy economy in 2030 could supply enough to meet more than half the world's energy demand, according to a new study.