Archive - August, 2013

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“An Englishman’s home is their castle” The obsession with home-ownership, is a mere' aspiration for the majority, though it is becoming unachievable in some locations without the help of the bank of mum and dad. House prices vary significantly in the UK and even by street in the capital. A roof over a person’s head is a basic need, but homeownership provides stability and can be more cost effective than rent. Today it was announced that UK mortgage ap…

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The foreign exchange markets are revered for their volatility, the multitude of factors that drive prices bring opportunities (and potential losses) for traders. Though there are many contributing reasons to price action, FX is like the majority of financial assets, the price is derived from the supply and demand. Each currency is traded as a value of another, with the most liquid cross being against the greenback (USD). The movement and exchange of currencies facilitates international…

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This report details: - Which countries requested information from Facebook about their users - The number of requests received from each of those countries - The number of user/user accounts specificed in those requests - The percentage of these requests in which Facebook were required by law to disclose at least some data Country Total Requests Users / Accounts requested…

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The question on every trader’s lips is whether the FOMC minutes released at 7pm (BST) will state if the members of the committee discussed scaling back the bond-buying program. Currently the Federal Reserve is purchasing $85 billion of bonds, along with holding interest rates low. Traders have attempted to second-guess Fed Chairman Ben Bernanke’s tapering. Following the announcement in June by Bernanke that the Fed could begin reducing the monthly purchases later this year…

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The economic indicators for the UK economy are showing that a recovery is beginning to gain momentum and is hopefully sustainable. Since the “credit crunch” the economy has been into a recession (not the double, or triple that had been previously thought) but it was deeper than initially thought. The British economy is dominated by the service sector, and is a global leader in many areas of finance, such as foreign exchange transactions. The PMI data released on Monday comb…

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It is the first Friday of the month, and that means it is the release of the pivotal US employment figures, non-farm payrolls at 13:30pm (London). The figure enacts fear and excitement for investors due to the volatility the release can generate. What are the bank’s estimates? Morgan Stanley: +200K Santander Asset Management: +220K Commerzbank AG: +185K Credit Agricole CIB: +200K Goldman, Sachs & Co: +200K Moody’s Analytics: +185K…

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