The following are the intraday outlooks for EUR/USD, GBP/USD, USD/JPY, and Spot Gold as provided by the technical strategy team at SEB Group. EUR/USD: The correction failed to play out. With the move below 1.2614 the correction case evaporated and the pair fell impulsively lower with the bigges…
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Intraday Outlooks For EUR/USD, GBP/USD, USD/JPY, Gold – SEB
profitability of exports improving on forex adjustment; firms may be unable to quickly stop output shift abroad; BOJ gov quoted from Minutes of fiscal council meeting on 1 Oct; USDJPY 109.36 just off session lows;
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BOJ’s Kuroda notes export volumes struggling to rise
Spanish Prime Minister Mariano Rajoy is battling to keep his country together, facing down Catalan separatists. Even if he wins, the standoff risks weakening the economy that the two sides are fighting over. Catalan President Artur Mas, backed by about two-thirds of the region’s lawmakers, is de…
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Catalan Standoff to Hit Spain Economy, Whoever Wins
In the “land of the rising sun,” Citi FX Technicals group warns, the sun also goes down sometimes. The present set up on the monthly and daily charts on USDJPY suggests it is time to be cautious, with real danger that we could be ‘on the cusp’ of a material correction lower for the first time in…
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Citi Warns "The Land Of The Rising Sun Is Setting"
won’t comment on specific yen levels; in general weak yen pushes up import costs and hurts small companies while exporters; Japanese PM giving us a quick lesson in basic economics; export declines have stopped due to weak yen since Abenomics introduced; hopes firms are beginni…
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Japan’s Abe says there are positive and negative effects of weak yen
Price-adjusted new orders in manufacturing in August 2014 decreased a seasonally and working day adjusted 5.7% on July 2014 (following +4.9% in July 2014 on June 2014). Domestic orders decreased 2.0% and foreign orders by 8.4%. As regards the direction of trade in foreign transactions, new orders…
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German New orders in August 2014 down a seasonally adjusted –5.7% on the previous month
“What people underestimate is that what’s at stake is the entire credibility of the rules,” warns one EU official as The WSJ reports, is preparing to reject France’s 2015 budget, that would be the biggest test yet of new powers for Brussels that were designed to prevent a repeat of the eurozone’s…
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Brussels Ready To Sanction France For EU Treaty-Busting Budget Plan
Monday is a slow day for economic releases, so today’s update on industrial orders for Germany will be the main event for macro news in Europe. Later, Sentix’s monthly report on investor sentiment for the Eurozone will likely reaffirm the deteriorating mood. We’ll also see new US data for the Co…
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3 Numbers: German factory orders sluggish, Eurozone mood, US jobs
Britain has the fastest growing economy of any developed nations, the International Monetary Fund will say this week. But the accolade, set to be announced at the annual meeting of the IMF in Washington, is unlikely to move interest rates back home. The Bank of England is expected to keep rates at…
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Britain to take crown as fastest growing economy of developed nations
Investors are sobering up — and they may not like what they see. For the past five years, investors have gotten drunk off the Federal Reserve’s easy-money punch bowl. The Fed’s stimulus program, known as quantitative easing or “QE,” left investors with beer goggles on. Stocks and bonds that norma…
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Wall Street’s beer goggles are clearing up. Now what?
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, and NZD/USD as provided by the technical strategy team at Goldman Sachs. EUR/USD Resistance runs fairly thick from 1.2661 all the way up to 1.2796 where a series of previous lows and 61.8% of the entire ‘12/’14 rally a…
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Technical Setups For EUR/USD, USD/JPY, GBP/USD, NZD/USD – Goldman Sachs
The price of Bitcoin fell nearly 20 percent this weekend to its lowest level of the year, prompting worries of a crash. “As the price is going down, some of us are under immense psychological stress,” one user posted on Reddit on Sunday. “Please share how you cope with it.” On Sunday afternoon…
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Price of Bitcoin Tumbles
The World Bank cut its 2014-2016 growth forecasts for developing East Asia and China, and cautioned of capital-flight risks to Indonesia while growth in China is seen slowing due to policy measures aimed at putting the economy on a more sustainable footing. The Washington-based lender expects the…
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World Bank trims China, East Asia 2014-2016 growth forecasts
Same old, same old. Treasury yields are lower (futures prices higher); USDJPY (and thus S&P futures) are higher (though 110.00 is once again offering notable resistance); and gold is getting ‘handled’ lower. The divergence between stocks and bonds from Friday’s jobs number is holding for now but it…
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Gold Slides Near 4-Year-Low In Early Asia Trading
The dollar started the week on a strong note in early Asian trade on Monday, holding near a more than four-year high touched after an upbeat U.S. nonfarm payrolls report increased speculation that the Federal Reserve would raise interest rates in mid-2015 or earlier. Data from the Labor Departmen…
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Dollar holds near highs after upbeat U.S. payrolls data
More jobs are being advertised in Australia, indicating a gradual strengthening in Australian employment. The ANZ’s says job advertisements rose 0.9% in September, the fourth consecutive monthly rise in seasonally adjusted terms. Job advertisements are now 7.9% higher over the past year, sugge…
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More Jobs Are Being Advertised In Australia
The TD Securities – Melbourne Institute Monthly Inflation Gauge rose by 0.1 per cent in September, following two months of flat results. In the twelve months to September, the Inflation Gauge increased by 2.2 per cent, following a 2.4 per cent increase for the twelve months to August. Due to t…
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TD Securities – Melbourne Institute Monthly Inflation Gauge
It was one of the most extraordinary meetings in the history of the bond market. Two of the biggest-ever names in fixed-income investing, Bill Gross and Jeffrey Gundlach, fierce rivals who had never previously talked, held a secret meeting over glasses of lemonade, water, and plates of crudites…
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Bill Gross told rival Gundlach: ‘I am Kobe, you are LeBron’
The U.S. dollar rally has much further to run, and could help out countries dealing with excessively low inflation, a report from HSBC argues. …
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Can the US dollar save the world?
The Federal Reserve sent mixed messages at its policy meeting last month — keeping “considerable time” and “significant underutilization” in its statement while releasing a hawkish interest rate forecast for 2017. This split is expected to be also clear in the minutes of the Fed meeting, will mai…
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Split between hawks, doves to be evident in Fed minutes
