Author Archives: Trading Advantage

China’s economic growth beat analysts’ estimates as the government eased property restrictions and expedited spending. Gross domestic product rose 7.3 percent in the July-September period from a year earlier, the statistics bureau said today in Beijing, compared with the 7.2 percent median estima…

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China’s Economy Grows More-Than-Estimated 7.3% in Third Quarter

US DOLLAR TECHNICAL ANALYSIS – Prices moved lower as expected after producing a bearish Dark Cloud Cover candlestick pattern. A daily close below falling channel bottom support at 10890 exposesthe 38.2% Fibonacci retracementat 10845. Alternatively, a turn above the channel top at 11044 clears the…

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US Dollar in Digestion Mode, Gold on Pace to Hit Six-Week High

China’s economic growth will slow to about 4 percent annually after 2020 following decades of rapid expansion, according to the Conference Board. China faces a “deep structural slowdown and broad uncertainty” in the decade ahead, the New York-based research group said in the report yesterday. Chi…

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China Growth May Slow Sharply From 2020: Conference Board

Is the recent crude oil selloff a sign of a coming crisis in the US energy industry? A new Citi credit research note on “The coming energy recession” suggests the possibility is there. That said, the headline is stronger than Citi credit analyst Jason Shoulp’s more nuanced position in the text…

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Wall Street’s Energy Analysts Say It’s Too Early To Panic

China may set lower gdp growth target for 2015: Bus. News

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China may set lower GDP growth target for 2015

The next level higher in EUR/USD is 38.2% of the drop since Jul. 1 st at 1.2959, notes Goldman Sachs. “Given the impulsive nature of the decline since May, and the likelihood that it’s now in its 4 th wave of a 5- wave sequence off the May high, it doesn’t seem too likely that the market will e…

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A Word Of Caution On EUR/USD – Goldman Sachs

Gough Whitlam, the only prime minister to be fired by the British monarchy’s representative in Australia after his government was mired in scandals during the 1970s, has died. He was 98. He died today, according to a statement from his family reported by the Australian Broadcasting Corp. No othe…

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Gough Whitlam, Australian Leader Fired in Office, Dies at 98

It is an interesting time in markets at the moment with the spike in volatility and the bounce in stocks – particularly the S&P 500 futures – off the 2011 trendline. But while stocks have bounced bonds, although off their lows, are signalling that something remains amiss in global markets. This i…

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Bonds and Stocks are diverging – It can’t last

The number of visitor arrivals to New Zealand in September 2014 (193,300) increased 1 percent compared with September 2013, Statistics New Zealand said today. This was the second-highest total for a September month, after September 2011 (219,900), which was boosted by people arriving for the Rugby…

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Small increase in New Zealand’s visitor arrivals

Major currencies traded in tight ranges on Monday with investors facing a dearth of new data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped boost the yen. After a week of wide currency market gyrations, investors…

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Dollar extends modest losses, volumes wane ahead of data

After FXCM and Forex.com, it’s Oanda’s turn to announce record trading volumes in September. With October 3rd being the busiest trading day ever, the Toronto headquartered forex broker has every reason to believe that the current month will be even better. OANDA, a global provider of forex and …

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Oanda reports record-breaking trading volumes and new client registrations

Earlier, the Governor of the Bank of Japan Haruhiko Kuroda stated that the central bank would keep up with monetary easing until inflation is firmly anchored. His remarks increased bearish pressure on the Japanese yen especially against the Aussie dollar. Technical Analysis AUDJPY benefited from…

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Chinese GDP Could Spark A Reversal in Aussie

As I noted earlier at the start of today’s workshop, improving culture in the financial services industry is an imperative. This endeavor is important in order to ensure financial stability over time, but also to ensure the public trust in our financial system. In my remarks today, I will first…

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Dudley: Enhancing Financial Stability by Improving Culture in the Financial Services Industry

Crude-oil futures were in positive territory in Asian trade Monday after being decimated last week, but traders and investors remain unsure of whether prices can hold. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November CLX4, +0.10% traded at $83.18 a barrel,…

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Oil futures holding up, Brent trades above $86/bbl

The recent volatility in financial markets reinforces the need for the Federal Reserve to be patient with its policy stimulus and to clearly tie an eventual interest-rate rise to improving economic conditions, a top Fed policymaker told Reuters. Boston Fed President Eric Rosengren said that while…

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Market action reinforces need for policy patience: Fed’s Rosengren