Author Archives: Trading Advantage

Recently, not a day passes without the Russian Ruble hitting new record lows against the US Dollar due to a combination of both capital outflows from Russia, tumbling prices of crude – Moscow’s most important export – which deteriorates Russia trade and current account position, coupled with the…

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Russia Central Banks Scrambles To Halt Plunging Ruble, Spends Over $2B In Last Three Days

Recently, not a day passes without the Russian Ruble hitting new record lows against the US Dollar due to a combination of both capital outflows from Russia, tumbling prices of crude – Moscow’s most important export – which deteriorates Russia trade and current account position, coupled with the…

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Russia Central Banks Scrambles To Halt Plunging Ruble, Spends Over $2B In Last Three Days

The trend measure of housing starts in Canada was 197,747 units in September compared to 191,095 in August, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts. “The increase…

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September 2014 Housing Starts in Canada

Weakness in Europe is a continuing theme as the economic data out of Germany continues to worsen. Yesterday’s 4.0% dip in industrial production was an incredibly disappointing number and came on the same day that the IMF downgraded its growth forecast for the region. European equity markets remain…

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USD/JPY and AUD/USD still threatening a turnaround despite early dollar strength today

The Phases: 1) The stealth phase is where the new technology, or instrumental is still only coveted by industry insiders. This is a period marked by low volatility. When the bitcoin market started, still only few understood the cryptocurrency. 2) Then, during the awareness phase, as reports of t…

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Bitcoin – Story of Mania and a Possible New Paradigm

BREAKING

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Polish central bank cuts main rate by 50 basis points to 2.0%

Corrective forces continue to grip the foreign exchange market. Many expect the dollar’s downside correction/consolidation to end today. Technically-inspired short-term participants often see 3-4 day counter-trend moves to be typical of market moves. Fundamentally-inspired traders expect the FOMC…

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Will the FOMC Minutes End Dollar’s Correction?

BREAKING

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China to use targeted measures to reduce financing costs

Spotware Systems‘ innovative cTrader retail FX trading platform has been the subject of enhanced functionality, with a series of new features having been added. The continually evolving platform has received upgrades to its user interface, including, among other aspects, an optimization facility …

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cTrader upgrade enhances optimization and cBot functionality

Italian Prime Minister Matteo Renzi faces a confidence vote today on his labor-market proposal that includes rules making it easier to fire workers and more difficult to challenge dismissals in court. Italy’s biggest labor union, CGIL, said it would send tens of thousands of workers into the str…

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Italy’s Renzi Faces Key Vote on Making Firings Easier

European stock markets fell for a second day on Wednesday, pushing world share indexes back towards their lowest in six months as concern mounts over the strength of global economic growth. Forecasts from the International Monetary Fund on Tuesday added to the sense that the world economy is st…

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Growth worries grip stocks, oil

A small nation with a proud history. A rich economic history. And a bold bid for independence from an over-bearing neighbor. A few weeks ago it was Scotland looking to break away from the United Kingdom. Now it is Catalonia looking to break away from Spain. The Scottish question has been settled…

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Catalonia is a far bigger threat to Europe than Scotland was

ECB Constancio: ECB to significantly boost balance sheet; latest steps mark new phase in monetary policy approach

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ECB Constancio: Latest steps mark new phase in policy approach

Italian Prime Minister Matteo Renzi has persuaded European partners to attend a meeting on jobs in Milan on Wednesday but he may struggle to get them to agree to do much more than show up. Originally presented as a summit and later downgraded to a “high-level conference”, the encounter is meant …

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EU leaders to meet on jobs as budget disputes loom

The following are the intraday outlooks for EUR/USD, USD/JPY, SP500, and Crude Oil as provided by the technical strategy team at SEB Group. EUR/USD: Should rise to 1.2740/60 to find offers. The 1.2580 mid-body point held as support yesterday. In the intradailies it is possible to detect and inv…

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Intraday Outlooks For EUR/USD, USD/JPY, SP500, Oil – SEB