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HOPEFUL homebuyers are falling prey to heartless criminals who steal their deposits and leave them with nothing. read more >>> Source : The Daily Express

Great news from the US for a change: 257K private sector jobs were created in December, much better than expected. November’s figure was marginally revised to the downside at 211K. This is a powerful signal for Friday’s official NFP. The US dollar is making more gains across the board. EUR/USD had already made an attempt […]

It’s hard to spot an asset price bubble, especially if you’re in the midst of one. Usually, people find out they’re in a bubble only after it bursts. Goldman Sachs’ David Kostin offers this interesting stock market chart in a new note to clients. It’s a favorite of his. It shows the sector composition of […]

A record National Lottery jackpot of £50.4m is expected to prompt a surge in ticket sales, operator Camelot says. read more >>> Source : BBC

Wednesday’s lottery prize will be the largest since last February. read more >>> Source : CNBC.Com

One of Canada’s biggest lenders will be raising rates on several of its mortgages starting Friday. read more >>> Source : CTVNews.Ca

BASILDON, England, Jan 6 (Reuters) – British businessman Tony Brown is ready to pay in Chinese yuan for the cuddly toys and other funfair stall prizes he buys from a handful of Chinese factories. But… read more >>> Source : Reuters

USDJPY USDJPY finally fell to a new low after a nice corrective bounce up into wave iv) which found resistance near 119.70. Now we are tracking a new five wave decline from that swing high which is still underway, pushing the price lower within the red wave v) that can hit levels around 118.00 today. […]

The Reserve Bank of India today fixed the reference rate of the rupee at 66.7165 against the US dollar and 71.7002 for the euro. read more >>> Source : EconomicTimes.IndiaTimes.Com

Fashion retailers in the U.S. and Britain may have lost as much as $1 billion in sales due to the very mild winter weather. read more >>> Source : CNN Money

The stock market’s ho-hum performance in 2015 didn’t affect the heads of these three tech companies. read more >>> Source : BankRate.Com

A Fed rate hike pulled mortgage demand forward, and made for a steep drop-off in the past two weeks. read more >>> Source : CNBC.Com

2015 was a volatile year for the stock markets and 2016 opened with a near obliteration of Chinese stocks on the first day back. And for this reason, technical analysts Michael Riesner and Marc Müller at UBS told clients in a research note on Wednesday morning that they should plough into gold (emphasis ours): Gold […]

Technologies drive progress in nearly every single aspect of our lives. We no longer send SMS, but use Viber, WhatsApp or any different messenger, our files are stored on google drive, dropbox and other services. It is clear that the general tendency of progress is to move all of the applications and services into the […]

MILLIONS of Santander customers will see the cost of their current account jump next week as the bank raises fees by 150 per cent. read more >>> Source : The Daily Express

LONDON, Jan 6 (Reuters) – Emerging equities fell to their lowest in 6-1/2 years on Wednesday as global markets continued to fret over China, while fresh yuan weakening pressured most emerging… read more >>> Source : Reuters

New research from Experian Automotive found that 10% of all luxury cars are registered in December. read more >>> Source : BankRate.Com

When the going gets tough, the tough build and monitor their ETF watch lists. When most investors are feeling skittish after a sharp stock market sell-off, the wise focus on the inevitable upside. Smart investors also consider the overall direction of the market when making buy and sell decisions. The IBD market direction recently shifted […]

BENGHAZI, Libya, Jan 6 (Reuters) – Fires caused by clashes between Islamic State militants and guards near Libya’s biggest oil ports have spread to four oil storage tanks that were still burning on Wednesday, a guards spokesman said. read more >>> Source : Reuters

HSBC says its online banking services are now stable, following two days of disruption earlier this week. read more >>> Source : BBC

Will the US dollar remain king in 2016? The year may see two distinct parts, and not necessarily because of the US elections. A change may be coming to the euro-zone and uncertainty about the UK’s membership could stir speculation on the pound. China will likely be an even bigger mystery and continue rising in […]

* Britain’s Hammond stresses Hong Kong has its own judicial system read more >>> Source : Reuters

Prime Minister David Cameron has promised a vote on the matter by the end of 2017, but last month hinted it could come this year. read more >>> Source : EconomicTimes.IndiaTimes.Com

* MSCI world share index down for 5th day as Asia, Europe slides read more >>> Source : Reuters

The price of oil plunged to another historic low on Wednesday morning as global geopolitical tensions grow, the volatility of Chinese markets continues, and the global glut of oil gets even bigger. As of 10:30 a.m GMT (5:30 a.m ET) the price of Brent crude, the European benchmark, slipped to exactly $35 per barrel — […]

Growth in the UK service sector fell slightly in December, but remained “solid”, a closely watched survey suggests. read more >>> Source : BBC

Following a year of pain for the energy sector, there are no signs of recovery as 2016 begins, but optimism dies hard in the oilpatch. read more >>> Source : CBC.Ca

The Australian and New Zealand dollars, among those most sensitive to Chinese growth and markets, both sank more than 1 percent on the back of the yuan move. read more >>> Source : EconomicTimes.IndiaTimes.Com

EUR/USD has certainly been suffering in recent days, with fear of more ECB action beating safe haven flows. What’s next? The team at Bank of America Merrill Lynch warns: Here is their view, courtesy of eFXnews: EUR choppy but weaker in 2016: 2015 was the year when the Euro finally weakened, but not on a […]

MANILA, Jan 6 (Reuters) – A group of Philippine “comfort women”, forced to work in Japanese military brothels in World War Two, accused their government on Wednesday of not doing enough to help them secure an apology and compensation from Japan. read more >>> Source : Reuters

Many Asian stock markets declined Wednesday after a North Korean nuclear test unnerved investors, while the stock market in China itself steadied after news that Beijing would keep market-steadying measures in place. Japan’s benchmark Nikkei 225 index fell 1.3 percent to 18,144.99, and South Korea’s Kospi slid 0.5 percent to 1,920.16. Australia’s S&P/ASX 200 lost […]

* Yen near three-month high vs dollar, nine-month high vs euro read more >>> Source : Reuters

Russia can play a positive role, and Saudi Arabia wants to improve its relationship with the country, says Adel al-Jubeir, Saudi Arabia’s foreign minister. read more >>> Source : CNBC.Com

By Elzio Barreto HONG KONG (Reuters) – A record number of Hong Kong firms shut up shop last year as China, the mainstay of the city’s economy, trundled to its slowest economic growth in a quarter of a century and spending by mainland visitors dried up. Some 122,479 companies were dissolved, according to data from […]

** British defence company BAE Systems up 0.7 pct an one of top gainers on FTSE 100 after RBC says tide is turning after better-than-expected FY2016 budget for U.S. defence spending read more >>> Source : Reuters

It’s service sector PMI day in Europe, meaning we’re getting a snapshot of growth in the area across the continent. The purchasing managers’ index from Markit gives an indication of whether service sectors are growing or contracting, giving a number between 0 and 100 to indicate just how fast or slow. Anything above 50 signals […]

China plans to restrict stock sales by large shareholders once a ban imposed in July to stop a slide in prices is lifted this week. read more >>> Source : CTVNews.Ca

Black Friday, Christmas and post-Christmas sales rise at John Lewis helped by online trading, but like-for-like sales fell at Waitrose over the period. read more >>> Source : BBC

John Lewis had a solid Christmas — a make or break period for the retailer. The department store, which also owns posh supermarket Waitrose, put out a relatively upbeat trading statement on Wednesday covering the 6 weeks to January 2. Here are the highlights: Group sales up 4.1% to £1.8 billion ($2.6 billion); Waitrose sales […]

* Says optimistic agreement with US regulators will be reached soon read more >>> Source : Reuters

In today’s morning show we are doing something a bit different: most of the show is dedicated to a 2016 outlook covering the main themes and currencies. Join me for a live market open, hosted by FXStreet: walking though recent developments and their impact on currencies, going through charts of majors, minors and crosses, previewing […]

THE property market looks set for a frenzied start to the year with 10 buyers chasing every home for sale. read more >>> Source : The Daily Express

USD/CAD is trading well above the 1.40 level, even though oil prices haven’t hit new lows. There are many factors hitting the loonie. Here are some explanations: Here is their view, courtesy of eFXnews: The Canadian dollar fell to new 12-year-plus lows below C$1.4000 versus the U.S. dollar Tuesday, with the loonie weighed by weak […]

Chinese tech giant Huawei Technologies saw its revenue jump 70% to $20bn (£13bn) in 2015 from a year ago on strong smartphone sales. read more >>> Source : BBC

How do engineers contribute to concepts through integration of new technologies? How do they turn inventions into innovative applications supporting new or existing user needs? Interviewing five engineers at an automotive company’s technology search organization, we learned how they search, evaluate, validate and implement technologies into new innovative concepts. Special characteristics are critical in the […]