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China Removes Cap on Forex Deposit Rates in Shanghai PBOC Governor Zhou Xiaochuan China expanded banks’ freedom to set foreign-currency deposit rates in Shanghai, a step toward easing interest-rate controls across the nation. The People’s Bank of China said today it will remove the ceiling on foreign-currency deposit rates across the city effective tomorrow for what it described as small accounts. The trial will start ...
Why Amazon Won’t Repeat The Facebook Phone Debacle The smartphone industry is one of the most ruthless battlegrounds in tech, governed overwhelmingly by Apple and Android’s operating systems. Just ask Facebook. Mark Zuckerberg’s company was the last major tech firm to attempt to compete with its own mobile ecosystem, and it found its Home product nearly dead on arrival. On Wednesday, Amazon is expected to roll out its first smartphone at an exclusive ...
Talking Points: Must You Know What Will Happen Next?Is There a Better Way?Strategies When You Know That You Don’t Know “Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.” -Michael Steinhardt "95% of the trading errors you are likely to make will stem from your attitudes about being wrong, losing money, missing out, and leaving money on the table ...
U.S. And German Astronauts Play Soccer In Space Like the gravitational pull of a black hole, the World Cup is so powerful that you can’t escape it even if you’re in orbit. When the astronauts haven’t been busy, they’ve been watching snippets of games being streamed to them via the station’s Internet. Thursday’s match between U.S. and Germany, which will help determine who advances from Group G, has struck a particular chord with ...
EUR/USD To Be Halted By 1.37 'It [GDP data] was very disappointing, and in the current situation we have very low vol, heading into month-end, and half-year end as well. So, the ducks are all lined up [for] U.S. dollar weakness.' - RBC Capital Markets (based on Reuters) Pair's Outlook The Euro is slowly but surely moving in the direction of the 55 and 200-day SMA on the back of a weaker greenback. This resistance at 1.37 is expected to prevent further appreciation ...
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