The following are the intraday outlooks for EUR/USD, USD/JPY, USD/CAD, and AUD/NZD as provided by the technical strategy team at SEB Group. EUR/USD: A buyers’ response, but is it enough? Trend-following tools remain deep in bearish gears, so sell into fading rallies remains a main theme. Condit…
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Intraday Outlooks For EUR/USD, USD/JPY, USD/CAD, AUD/NZD – SEB
Business conditions in Italy’s manufacturing sector improved sli ghtly in September, with goods producers raising both output and employment levels during the month. However, progress was limited somewhat by a slowdown in the rate of growth of new orders. Data on the price front meanwhile hig…
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Italian PMI ticks up, points to slight improvement in manufacturing business conditions
France is unveiling its 2015 budget right now and it’s not making pretty reading, confirming that Paris will not get its budget deficit down to the EU limit of three percent of GDP until 2017, years after it should have done. The health minister has said the welfare deficit is expected to run nea…
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French budget to fire EU growth debate
Solid improvements in the Spanish manufacturing sector were recorded again at the end of the third quarter of 2014, although rates of growth have eased from earlier in the year. Higher new orders led to another expansion of output and further job creation. Input prices decreased for the first t…
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Spain: Tenth successive monthly rise in output
4.3% in 2015; 3.8% in 2016; 2.8% in 2017; Latest forecasts from the French govt budget statement just hitting the wires; total public deficit to hit 97.2% of GDP in 2015; 98.0 % in 2016; 97.3% in 2017; inflation forecast +0.5% 2014 ,+0.9% 2015, +1.4% 2016, +1.75% 2…
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French budget deficit to GDP ratio to be 4.4% in 2014
Stock orders amounting to more than the size of Sweden’s economy were canceled in Japan today, with an industry regulator saying it received a report about a trading error. At 9:25 a.m. Tokyo time, orders for shares in 42 companies totaling 67.78 trillion yen ($617 billion) were canceled, accord…
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$617 Billion in Japan Stock Orders Scrapped After Error
Preliminary estimates for September indicate that the index declined by 2.4 per cent (on a monthly average basis) in SDR terms, after rising by 0.2 per cent in August (revised). The largest contributor to the decline in September was the price of iron ore. The base metals and rural commodities…
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RBA Index of Commodity Prices: Sep 2014
The fourth quarter kicks off with another busy day for economic news, including a fresh look at manufacturing in Britain via Markit’s Purchasing Managers’ Index (PMI). Later, a pair of US numbers will draw attention ahead of Friday’s payrolls release. First up is the ADP Employment Report, follo…
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3 Numbers: Mixed signals for UK manufacturing, US jobs, US ISM Index
To see why Australia’s central bank has shifted its stance on home-lending curbs, look no further than Sydney’s inner city where a one-bedroom apartment sold at the weekend for 35 percent more than its last price in 2012. The 54-square-meter (581-square-foot) property in Surry Hills was purchased…
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Sydney Homes Costing More Than New York Spurs RBA Review
While Greek government yields (and political leaders) proclaim the troubled peripheral European nation is ‘recovering’, the risk of major political upheaval in Greece has not gone away ahead of next year’s presidential vote next year. As Reuters notes, under growing pressure from anti-bailout…
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60% Of Greeks Live At Or Below Poverty Levels
The dollar rose above 110 yen for the first time since 2008 before a private report that may show companies in the U.S. added more than 200,000 jobs for a sixth month, adding pressure on the Federal Reserve to tighten policy. The greenback also strengthened before official payrolls data due Oct. …
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Dollar Climbs Beyond 110 Yen Before Jobs; Aussie Drops on Retail
There has been a lot of action in G10 FX in recent months, with the strength of the Dollar perhaps the dominant theme and as the Dollar has risen, many are asking at what point US policy makers could begin to talk the currency weaker, over concern that the greenback is appreciating too much too fast…
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Goldman: What’s Next For USD, GBP, EUR? What Do Central Banks See?
If animals were stocks, the market would be crashing. The chart below shows the performance of an index that tracks global animal populations over time, much like the S&P 500 tracks shares of the biggest U.S. companies. The Global Living Planet Index, updated today by the World Wildlife Foundati…
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World’s Biggest Market Crashes and You Didn’t Even Know It
Home prices in Australia’s capitals rose only marginally in September, slowing after three straight months of strong gains, with five of eight cities recording falls in the month. The slowdown should actually be welcomed by the Reserve Bank of Australia (RBA)which recently has become concerned th…
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Australia home price growth slows, in relief to RBA
It is well appreciated that Chinese wages have risen markedly over the past few years. Inflation has also consistently run faster in China than in the US, Europe and Japan. Some have cited this as a factor behind China’s slowdown. From a competitive point of view, what really matters is unit l…
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Great Graphic: China’s Unit Labor Costs
September data from Markit/JMMA showed manufacturing output rising f or the second successive month, as both new orders and new export business remained in modest growth territory. Consequently, purchasing activity rose for the fourth successive month, with panellists commenting on higher pro…
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Japan manufacturing production grows at modest pace
China’s manufacturing activity stayed steady in September, with the official Purchasing Managers’ Index (PMI) coming in at 51.1, unchanged from August, data showed Wednesday. …
If a U.S. regulator has its way, Daniel Shak will soon have more time to focus on gambling at poker tables and none at all to spend betting on derivatives. Shak, founder of SHK Management LLC and a competitor in the World Series of Poker, has been sued by the Commodity Futures Trading Commission …
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Poker-Playing Hedge Fund Manager Sued Over Premature Bet
The U.S. dollar is still king of global currencies. The dollar made up 60.9 percent of foreign exchange reserves and was used in 42.1 percent of global payments. Some countries, though, contest how much influence the U.S. dollar really has. The term “exorbitant privilege,” coined by former French…
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The Dollar Is Still King
The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) contracted for a second month in September. The index decreased by 0.8 points to 46.5 points this month (seasonally adjusted), indicating a mild contraction in conditions across the manufact…
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Australian PMI: Manufacturing Slows Further in September
