Author Archives: Trading Advantage

The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 4.1 points to 59.1 in September, signalling the industry’s strongest pace of expansion in the nine years since the survey’s inception (index readings above 50 points…

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Australian PCI: Construction growth hits nine-year high in September

Price action is very instructive and it appears that the US dollar is in need of a rest and consolidation after its recent strength. Markets have two types of consolidation – one is time and one is price. During a time consolidation prices find a range trade sideways for a bit and then either mov…

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The US dollar rally is running out of steam

Global equity markets extended a rally on Monday that drew strength from a U.S. jobs report last week that bolstered confidence in the American economy, but the dollar fell sharply and stocks on Wall Street eased as volatility picked up. Brazil’s benchmark stock index jumped almost 5 percent afte…

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Stocks extend rally on U.S. jobs data; dollar falls

As China’s economy starts to slow, following decades of spectacular growth, the government will increasingly be exposed to the siren song of capital-account liberalization. This option might initially appear attractive, particularly given the Chinese government’s desire to internationalize the…

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China’s Financial Floodgates

ate on Monday evening, the Reserve Bank of Australia will report its latest interest rate decision and accompanying statement. …

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The RBA Will Likely Move Markets on Monday Evening

Each currency pair has its own trading characteristics, with some enjoying a better technical behavior than others. A more predictable currency pair either slows down ahead of a clear support or resistance line, or conversely makes a convincing break leaving dust behind it. A less predictable pair…

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5 Most Predictable Currency Pairs- Q4 2014

GT Advanced Technologies, which makes sapphire glass components for smartphones, filed for bankruptcy on Monday. Sapphire glass is an ultra-strong material, which Apple uses on both the camera lens and fingerprint scanner on the new iPhone. However Apple doesn’t, contra to some expectations, use the…

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How A Company That’s Worth $1.5 Billion On A Friday Could Go Bankrupt On A Monday

One German bank rode the euro’s weakness to become the world’s most-accurate foreign-exchange forecaster, and it sees no reason to give up on that view even with the currency near its weakest level in two years. Landesbank Baden-Wuerttemberg, which topped Bloomberg’s rankings for the four quarter…

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Top Forecaster Sees Weaker Euro on ECB Embracing QE

The Federal Reserve’s exit strategy is so unrealistic it seems to have been designed by Peter Pan from Neverland, said Vincent Reinhart, chief U.S. economist at Morgan Stanley and former top U.S. central bank staffer. “Peter Pan’s advice was to think of an impossible thing each morning. FOMC memb…

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Fed’s exit strategy was designed by Peter Pan, former central bank economist says

An influential Federal Reserve policymaker said he would be “delighted” to raise interest rates some time next year since it would be a sign of economic success, but for now a “very accommodative monetary policy” is still needed. New York Fed President William Dudley, speaking on the Marketplace …

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U.S. Fed’s Dudley says would be ‘delighted’ to raise rates in 2015

A new Federal Reserve gauge of labor-market conditions picked up in September after a summer slowdown, the latest fodder for the central bank’s debate over when to raise interest rates. The labor market conditions index, developed by Fed economists and first unveiled in May, rose by 2.5 points in…

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Fed’s New Labor-Market Index Saw Conditions Improve During September

Support staff for retail brokers know that one of the more troublesome conversations with customers is answering margin related stop out questions. Losing money is always frustrating, and for customers seeing their positions automatically closed when their margin balances drop below minimum…

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Spotware Systems Adds ‘Fair Stop Out’ Feature to cTrader

More analysts are starting to believe that the Bank of England will be the first big central bank to hike rates. But just how soon will it begin to tighten the screw? This Thursday could move us one step closer to knowing, when the BOE meets to make its October policy decision. In September, two …

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6 things to watch for as economic clouds gather in Europe

Perhaps it’s a blessing in disguise that today’s economic calendar is essentially barren, because it feels like just one weekend was not enough to digest Friday’s robust Non-Farm Payroll report. As a result of the strong jobs report, the USD tested multi-year highs against the euro and Swiss franc,…

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GBPUSD: Bias Remains Bearish Below 1.60 Psychological Level

The Ivey Purchasing Managers Index was at 58.6 on a seasonally adjusted basis in September, indicating that purchasing activity in Canada expanded from August. The index, which measures changes in economic activity as indicated by a panel of purchasing managers from across Canada, is sponsored by…

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Canada Ivey Purchasing Managers Index at 58.6 in September

The European Central Bank’s unprecedented decision to use outside help for new asset purchases is stirring conflict among policymakers, highlighting the difficulty for the ECB of considering even more extreme policy action. ECB President Mario Draghi outlined last week new programs under which t…

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ECB policymakers at odds over ABS purchase plan

The US economy grew at its fastest rate in eight years in the second quarter of 2014, but Americans still think the US is in the midst of a recession. Two key trends will solidify the recovery in 2015: higher wages as unemployment falls below 6%, and an expansion in consumer credit as households …

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The US Economy Has Reached A Turning Point