Germany’s position in the Eurozone’s recovery effort highlighted a tense weekend of discussions at the annual International Monetary Fund/World Bank meetings in Washington and dominate the business pages in the German press Monday. “Solo for Germany” reads the Monday front-page headline o…
View post:
Germany Stands Isolated Following IMF Summit
Sounding a more dovish note on monetary policy than he has in recent months, the governor of the Bank of England said in a rare interview with CNBC on Saturday that global weakness, lower inflation and troubles in European economies would influence policy at the bank’s meeting next month. Mark C…
Original post:
Gov of Bank of England sounds dovish note on rates
Melbourne, Australia based retail forex broker Pepperstone has been called out by Australia’s financial regulator ASIC for advertising to Japanese traders and taking Japan clients, actions its AFS license does not allow it to do. Apparently Pepperstone has been advertising through a Japanese mirr…
Original post:
Pepperstone forced by ASIC to exit the Japanese Forex market
•Recovery is reasonably broad based •Domestic factors have been driving UK economy •Will take Eurozone weakness into account in thinking on interest rates •Have to also take into account more modest global recovery
See the original post:
Carney sees greater market volatility as stimulus is unwound
Greece is not yet giving European leaders sleepless nights again, but as the euro zone’s problem child approaches the end of its second international bailout, political uncertainty in Athens is set to test the currency area’s resilience. The disclosure in late 2009 that Greece had cheated on its…
Continued here:
Fraught Greek bailout exit to test euro zone resilience
Deutsche Bank is losing some of its strongest financial performers amid a clampdown on bad behavior by traders, as the lender faces ongoing probes by global regulators into allegations of attempts to rig markets. The bank has introduced a policy of no longer rewarding the best earners on the tra…
View original post here:
Deutsche clampdown on bad behavior prompts exodus of traders
Goldman Sachs cuts its EUR/USD forecast and now expects the pair to trade at 1.23, 1.20 and 1.15, in 3, 6 and 12 month from 1.29, 1.25 and 1.20 previously. GS expects EUR/USD to fall to parity by the end of 2017. “Overall, we think current levels in EUR/$ do not yet reflect the kind of balance …
Read more here:
Goldman Sachs Cuts Its EUR/USD Forecasts
The following are the intraday outlooks for EUR/USD, USD/JPY, AUD/CAD, Spot Gold, and Crude Oil as provided by the technical strategy team at SEB Group. EUR/USD: Starting off on a positive footing. With renewed buying ahead of the 1.2583 key support (and confirmation point for new lows) the pai…
Read the rest here:
Intraday Outlooks For EUR/USD, USD/JPY, AUD/CAD, Gold, Oil – SEB
now 36.25-45.25 from 36-45 effective Oct 10; central bank says it sold USD 866m for Oct 10 settlement according to the bank’s website; Given that’s the spot date for last Wednesday this isn’t exactly current news but does show the battle it has right now against the under-pressure rouble a…
See the original post here:
Russian central bank raises rouble corridor boundaries by 25 kopecks
The U.S. economy looks better able to withstand the hit from a stronger dollar and weaker global growth than the stock market did last week. Foreign sales last year accounted for 46.3 percent of revenues for companies in the Standard & Poor’s 500 Index in 2013, leaving them prone to a rising gre…
Continued here:
U.S. Economy Set to Shrug Off Wall Street Growth Worries
As reported by the Federal Statistical Office (Destatis), the selling prices in wholesale trade decreased by 0.9% in September 2014 from the corresponding month of the preceding year. In August 2014 and in July 2014 the annual rates of change were –0.6% and –0.7%, respectively. From August 2014 to…
Original post:
German Wholesale prices in September 2014: –0.9% on September 2013
Mario Draghi and Jens Weidmann are clashing anew over how much more stimulus the ailing euro-area economy needs from the European Central Bank. As Europe’s woes again proved the chief concern at weekend meetings of the International Monetary Fund in Washington, President Draghi repeated he’s read…
Go here to read the rest:
Draghi Weidmann Fight Intensifies as ECB Debates Action
Monday’s an unusually quiet day for scheduled economic releases, which provides an opportunity to focus on three of the major currency pairs. The general theme, of course, has been dollar strength in recent months. The rise has been fueled by concerns of a slowdown in global growth ex-US and a…
Excerpt from:
3 Numbers: Dollar on strongest run since 1971, USDJPY, GBPUSD
Since Beijing’s new leader ship took office early last year, it has been juggling stabilizing economic growth and pushing reforms. The task has never looked more challenging than now, as the economy looks set to slow further and expectations for reform are building up. The country’s economy proba…
Original post:
Early Look: China’s Growth Likely Slowed in Third Quarter
The extended period of monetary accommodation and the accompanying search for yield are leading to credit mispricing and asset price pressures, increasing the chance that financial stability risks could derail the recovery. …
Go here to see the original:
"Prepare For Runs", IMF Warns Policymakers Of "Elevated Financial Stability & Liquidity Risks"
Gold climbed to the highest level in almost four weeks as concern that global growth is slowing stoked bets the U.S. Federal Reserve may push back interest-rate increases, boosting demand for a store of wealth. Gold for immediate delivery advanced as much as 1 percent to $1,235.01 an ounce, the h…
Go here to see the original:
Gold Advances to Four-Week High on Haven Demand as Silver Rises
One of France’s largest banks is teaming up with social network Twitter Inc. (TWTR.N) this week to allow its customers to transfer money via tweets. The move by Groupe BPCE , France’s second largest bank by customers, coincides with Twitter’s own push into the world of online payments as the soc…
Read the original:
French bank, Twitter team up for money transfers via tweets
China’s exports (CNFREXPY) rose more than estimated in September and imports rebounded as global demand helps underpin growth in the world’s second-largest economy. Exports increased 15.3 percent from a year earlier, the Beijing-based customs administration said today, compared with the 12 percen…
Continued here:
China’s Exports Rise to Support Economy Amid Property Downturn
For the last few weeks Gold has enjoyed solid support at $1215 after falling strongly a couple of weeks ago from $1240 to just below $1215, however a couple of weeks ago it dropped to its lowest level in 2014 near $1180. In the last week since however gold has rallied higher and returned to back…
Here is the original:
Gold – Despite Strong Downtrend, Does Well to Rally to $1230
Investors following tactical strategies should consider selling EUR/GBP this week and also looking to sell GBP/USD on upticks, advises Barclays Capital in its weekly FX pick to clients. “We expect the UK economy to grow modestly into the year-end and think that the market is pricing in too much…
View original post here:
Barclays’ Trades Of The Week: Sell EUR/GBP & Look To Sell Cable On Upticks
