Author Archives: Trading Advantage

Saudi arabia said to cut crude oil supply to market in sept; cut sept. Supply by 328k b/d to 9.360m b/d vs 9.688m aug.

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Saudi Arabia said to cut crude oil supply to market in Sept

Analysts had expected Caterpillar to report earnings of $1.36 a share on $13.19 billion in revenue, according to a consensus estimate from Thomson Reuters. The world’s largest maker of earth-moving machinery indicated earlier this year that it was seeing weakening sales outside of the United Sta…

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Caterpillar posts earnings of $1.72 a share vs. $1.36 estimate

After four straight days of considerable gains on Wall Street that has already retraced to the 61.8% Fibonacci level of the sell-off, the S&P 500 has undergone a near term correction with a fall of around 0.7%. The minor sell-off was attributed to a reduction in risk appetite amid a terrorist attack…

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Key technical levels tested on Sterling, Yen and Gold

Swelling current account deficits have often been the undoing of the U.K. economy. In the mid-1970s and late-1980s, ballooning trade gaps beyond 4 percent of gross domestic product presaged recessions and devaluations in the pound after investors concluded the Brits were living beyond their mean…

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Less Need to Mind U.K. Gap Amid Record Current Account Deficit

At around noon on Thursday, the euro zone’s 130 biggest banks will receive the European Central Bank’s final verdict on their finances after a review aimed at drawing a line under persistent doubts about the health of the region’s banking sector. Most banks already have a good idea of how they h…

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Europe’s banks face moment of truth from ECB review

The recovery in British manufacturing continued in the three months to October, but the pace of growth slowed as new export orders declined, according to the latest CBI Quarterly Industrial Trends Survey. The survey of 448 firms reported sustained above average growth in orders and output volumes…

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Exports decline weighs on manufacturing growth – CBI

BREAKING

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EU Commission: Italy 2015 budget has ‘significant deviation’ from adjustment goals

New Zealand’s FMA has taken a very active stance in warning potential customers about the perils of dubious forex trading software and schemes which promise unrealistically high returns as more established regulators turn a blind eye. For quite some time, New Zealand has been widely regarded with…

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New Zealand says mind the “big win scams!” FX Ponzi schemes on regulatory radar

Japan was hit on Thursday by a third political scandal in a week after its new industry minister – whose predecessor resigned in disgrace over misspending – admitted that his underlings had spent office cash at a sex bar. Harvard graduate Yoichi Miyazawa, a former top bureaucrat in the finance mi…

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New Japan minister hit by S&M bar scandal

Mortgage approvals in Britain fell in September to their lowest level since July last year, standing 9.9 percent lower than a year ago, industry data showed on Thursday. The British Bankers’ Association said its members approved 39,271 loans for house purchases in September, down from 41,361 in A…

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September UK mortgage approvals fall to lowest level since July 2013 – BBA

British retail sales fell more than expected in September, adding to signs that the country’s economic recovery is losing some of its pace. Retail sales volumes fell 0.3 percent on the month, their weakest performance since January, to show growth of 2.7 percent on the year, the Office for Natio…

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UK retail sales fall in September, hit by weak clothing demand

•The quantity bought in the retail industry in September 2014 was estimated to have decreased by 0.3% compared with August 2014. However, it increased by 2.7% compared with September 2013 making this the 18th consecutive month of year-on-year growth. This is the longest period of sustained year-on…

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UK Retail Sales, September 2014

Not sure what’s driving the move as only just sat down, but there”s plenty of yen selling going on with both the dollar and the crosses all jumping. USD/JPY flushed stops through 107.50/55. The numbers out of Europe this morning were mildly positive so maybe we’re seeing a move to risk, US 10&#82…

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USD/JPY off to the races as it runs stops to 107.60

Euro zone businesses performed much better than anyone expected this month but did so by slashing prices again, and optimism about the future fell to its lowest level in over a year, surveys showed on Thursday. The growth data will provide some relief for the European Central Bank but news that f…

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Euro zone business growth unexpectedly gains pace, prices still falling: PMI

Speaking at the Society of Business Economists Annual conference, Ben Broadbent, Deputy Governor for Monetary policy, discusses how to interpret the downward trend in interest rates over the past twenty years. His main focus is to consider two frequently made claims by economic commentators: …

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Broadbent – Monetary policy, asset prices and distribution

The Eurozone saw a marginal upturn in growth of business activity in October, according to the flash PMI results. The headline Markit PMI™ rose from September’s ten-month low of 52.0 to 52.2, signalling the first upturn in the pace of expansion for three months. However, the index remained below the…

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Stable Euro-zone PMI masks steepest fall in output prices since global crisis

The following are the intraday outlooks for EUR/USD, USD/JPY, AUD/NZD, and USD/CAD as provided by the technical strategy team at SEB Group. EUR/USD: Eyeing the 1.2605 key support. The fallout from what seems to be a bear flag has put the 1.2605 key support up for grabs. A break will confirm an …

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Intraday Outlooks For EUR/USD, USD/JPY, AUD/NZD, USD/CAD – SEB

Spain’s unemployment rate fell to the lowest since the end of 2011 in the third quarter as its economy turned into one of the fastest-growing in the euro region. Joblessness fell to 23.7 percent in the three months through September from 24.5 percent in the previous quarter, Spain’s national sta…

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Spanish Unemployment Drops to Lowest Since 2011 as Economy Grows

Yesterday, I fully explained the Breakout2 trading strategy that works well in volatile market conditions. We went over how to enter and exit trades as well as how we can automate the strategy on our account for free. In today’s article, we continue this theme as we discuss trading range bound…

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Free Automated Strategies (2 of 3): Trading Ranges

T he seasonally adjuste d Markit Flash Germany Composite Output Index rose margi nally from September ’ s 54.1 to 54.3 i n October, thereby extending the current sequence of private sector output growth to a year – and – a – half. W hen asked to comment on activity growth, pan…

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German Output growth maintained as manufacturing strengthens