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Showing posts from May, 2015

FX Trading Forecast

There is an avalanche of high-level event risk due in the week ahead. Beware volatility and mark the key releases and trends for your trades. US Dollar Breakout Velocity Rests with Fed’s Liftoff Outlook after NFPsEUR/USD Faces Week Flush with Event-Driven VolatilityGBP/USD Carves Bearish Pattern Ahead of BoE Interest Rate DecisionJapanese Yen Stumbles, but is a USDJPY Rally Above ¥124 Justified?Australian Dollar Volatility Ahead on RBA, China PMI and US Jobs DataGold Range Carries Into June- Opening Range in Focus Ahead of NFPFrom DailyFX http://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2015/05/30/Weekly-Forecast-Front-Page.html?CMP=SFS-70160000000NbUQAA0

Nobody Says No - Pascal Finette

Nobody Says No
When was the last time someone gave you a clear and firm “no”? If you find yourself in fundraising mode (and the reality for most startups is that they are in perpetual fundraising mode) you will have experienced that very few people, if any, ever say no. They will say things like:
“It’s not the right stage for us but keep us in the loop”. “We like what you’re doing but need to do a bit more due diligence.” “We are currently not investing into your sector - but please keep us informed about your progress.” The same is true for many other conversations such as business development, etc. Nobody likes to say no. And nobody wants to be that guy who said no to the next Steve Jobs, Mark Zuckerberg or Sophia Amoruso.
What this means for you is that you need to become very good at reading people and understanding their answers in the context of what they are doing. All too often I have seen entrepreneurs who are chasing dead opportunities as they believe that the lack of a clear no m…

NYSE Announces BITCOIN Index - BTC

The New York Stock Exchange, part of the Intercontinental Exchange (NYSE: ICE) global network of exchanges and clearing houses, today announced the NYSE Bitcoin Index (NYXBT), the first exchange-calculated and disseminated bitcoin index. Launching today, the NYXBT Index will represent the U.S. dollar value of one bitcoin unit based upon actual transactions occurring on select bitcoin exchanges which have been evaluated and meet NYSE’s quality standards. “Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class,” said NYSE Group President Thomas Farley. “As a global index leader and administrator of ICE LIBOR, ICE Futures U.S. Dollar Index and many other notable benchmarks, we are pleased to bring transparency to this market. By combining our technology infrastructure with our expertise in index calculation and data management, we will continue to launch complimentary products b…

Big Funds Pouring Into ETFs

No longer a safe haven for the average investor? Never really was. By all means common investors should stay clear of ETNs, and perhaps now ETFs. 'Since 2008, trading volumes of the five-largest credit ETFs have grown 75-fold, according to a Greenwich Associates study released Monday. About 12 percent of institutions surveyed by the Connecticut-based research firm reported having traded ETFs in increments of more than $100 million, according to the report' -  From Bloomberg -http://www.bloomberg.com/news/articles/2015-05-18/a-200-million-hedge-fund-trade-in-your-bond-etf-is-normal-now

White House approves Shell Arctic drilling plan Washington (Platts)--11May2015/414 pm EDT/2014 GMT

From Platts:
Shell plans to use the drillship M/V Noble Discover and the drilling unit Transocean Polar Pioneer for its planned Arctic drilling this summer. The two vessels will provide relief-well capabilities for each other, BOEM said in a statement. The conditional approval was lambasted by environmentalists Monday, claiming the administration has unnecessarily exposed the Arctic to an oil spill. "Any major Arctic Ocean spill would be impossible to clean up," Franz Matzner, director of the Natural Resources Defense Council's Beyond Oil Initiative, said in a statement. Such a spill would be "catastrophic" since Shell's proposed drilling takes place more than 1,000 miles from a Coast Guard base and other cleanup infrastructure, Matzner said. "Accidents can and do happen; and there is no proven way to respond to an oil spill in icy Arctic waters," Susan Murray, a deputy vice president with Oceana, said in a statement. In March, Interior upheld its…

Panama Canal Expansion, East Coast US Ports

Savannah has an Aa2 rating - New York, April 28, 2015 --  Large shifts in cargo from the West Coast to the East Coast resulting from the completion of the Panama Canal expansion in 2016 are unlikely, Moody's Investor Service says in "Panama Canal Expansion: West Coast Ports Maintain Advantage, while East Coast Municipalities Benefit from jobs."  "In most cases, shipments from Asia to West Coast ports will arrive at inland destinations faster than via an all-water route to the East Coast through the Panama Canal," Moody's Analyst and report author Myra Shankin says. "Additionally, ports' long-term contracts contain minimum annual guarantees, which will protect the West Coast ports from swings in cargo volume and revenues. However, ongoing labor and operational difficulties at West Coast ports could shift cargo traffic if not resolved."  Some local governments located closest to US East Coast ports will benefit economically, however. Those gaining w…