Author Archives: Trading Advantage

In 2013, the U.S. Federal Reserve roiled financial markets as it prepared to start slowing down the biggest financial intervention in history, an event universally called “the taper.” In the fall of 2014, the Fed prepared to bring the taper and the intervention to an end. What had the Fed been doing…

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The Fed Eases Off

Given the wave count in the EUR/USD, the main question currently is whether the long-term downtrend towards 1.2418 (Fib.-projection) and 1.2217 (weekly trend) has been resumed or whether we are missing another corrective leg up (c-wave) to the projected and internal wave 4 target at 1.2959 (int. 38…

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EUR/USD: Missing Another Leg Higher? – JP Morgan

I have been buried the past few weeks. So blogging has been, and will be, at least for a little longer, light. That said, I have trouble letting an FOMC meeting pass without at least few words before and after – even if there already exist broad agreement on the outcome. The general expectation …

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FOMC Meeting

Sweden’s central bank rejected calls for unconventional policy measures after venturing into uncharted territory and cutting its main interest rate to zero. “We think that will be enough,” Governor Stefan Ingves said today at a press conference in Stockholm. “But if the world turns out completely…

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Riksbank Rejects Calls for QE After Resorting to Zero Rate

Less money, fewer problems. That may be Bill Gross’s new mantra, as he embarks upon a new chapter of his storied fixed-income career. Gross was rumored to be making $200 million annually when he managed the $200 billion plus Total Return Fund PTTRX, +0.00% at Pimco, according to a 2012 New York …

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Bill Gross likely took a big pay cut to join Janus

Michel Howald just lost his job of 36 years at a graphic design and packaging company. He expects it may be some time before he finds another. “They told me at my age, I wouldn’t be able to find a job in France,” the 57-year-old said as he left the unemployment (UMRTEMU) office in Saint-Genis-Pou…

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Europe’s Glacial Growth Lowers Prospects for Job Seekers

Japan is the petri dish for the struggle against the secular stagnation that is now gripping most major developed economies. And, notwithstanding all of the fanfare surrounding “Abenomics,” Japan’s economy remains moribund. In the six quarters of Shinzo Abe’s latest stint as prime minister,…

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Last Chance for Japan?

My appointment to the Bank of England was announced in July 2013, at about the same time we first had official data in showing the UK economy growing strongly. I joined almost exactly a year ago on 1 November, shortly before the inflation data for October came in showing a 0.5pp drop to 2.2%, th…

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Cunliffe: Monetary policy one year on

Fall, curiously, has never been viewed as a great season for investing. Historically, the stock market tends to see a decline in September, and it’s generally considered the worst month performance-wise for stocks. Meanwhile, the biggest stock market crashes — Black Tuesday in 1929 and Black Mond…

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7 mental biases that could impact how you invest

Demand for U.S.-made capital goods recorded its biggest drop in eight months in September and the pace of house price gains moderated in August, suggesting some cooling in economic growth in the third quarter. The economy, however, remains on solid ground as other data on Tuesday showed consumer …

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U.S. capital spending falls; consumer spending robust

The Federal Reserve will likely end its bond-buying program this week but show little inclination to begin raising interest rates any time soon. Investors will be watching closely for even minor changes in the central bank’s language—in particular its description of the economy and guidance on the…

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The Fed’s October Meeting

Consumer confidence advanced in October as Americans enjoyed further price drops at the gas pump and the job market continued to improve. The Conference Board’s index climbed to 94.5 this month, the highest since October 2007, from a September reading of 89 that was stronger than initially estim…

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Consumer Confidence in U.S. Increases to a Seven-Year High

Who can forget China’s ghost city of Ordos: back in late 2009, when the hollow shell behind China’s torrid growth was first revealed to the world, the city near China’s Mongolia border was cooler talk for weeks. Fast forward five years later, and Ordos is all but forgotten, having been eclipsed by a…

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China "Ghost Town Index" – Here Are China’s 10 "Ghastliest" Cities

The pair has moved above the low from 2013 at the 1.2746 and 1.2757 levels respectively. These levels were breached last week on the way to the high price at the 1.2839 but later gave way on the move back lower (see daily and hourly charts). The market is slowed in against this area currently, but…

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EURUSD buyers stay in control. Weak data helps ahead of FOMC tomorrow