The Ifo Business Climate Indicator for Germany is a key release for today’s Eurozone economic news. Later, we’ll see another early estimate of the October macro profile in the US via the flash data for the services sector purchasing managers’ index. …
Go here to read the rest:
3 Numbers: Decline in German business sentiment, US services, US homes
In my formative years, inflation was the enemy. Oil shocks and improper monetary policy pushed the price level ahead at an unacceptable rate. The consequence was an extended period of underperformance, which required radical measures to reverse. Some think that inflation has become the enemy ag…
Read more from the original source:
Inflation is falling, but it won’t go through the floor
Should we be worried that China’s prodigious foreign-exchange accumulation has gone into reverse? Last week, China’s forex regulator reassured markets that there was no need to worry about a $100 billion fall in reserves in the third quarter — the largest such drop since 1996. China’s foreign res…
The past two months have been challenging for stock market investors. The S&P 500 quickly tumbled 9.8% from its Sept. 19 all-time high of 2,019 to as low as 1,820 on Oct. 15. Because of the way our brains work, most of us worried about the possibility that this correction was turning into an outr…
Continued here:
If You Missed The Rally, Then You Just Made The Most Classic Mistake In Investing
Whilst USDJPY remains within a new trading range the near-term momentum favours the bulls. The Bullish Hammer two weeks ago may have market the end of the correction from the 111 highs. However a slight cause for concern is that USDJPY has a tendency to shift between trading ranges in very clear…
The rest is here:
USDJPY: Above 107.40 targets 108.70
THE announcement this week that China’s economy had grown by 7.3% in the third quarter year-on-year was widely seen as marking the country’s “new normal” of slower growth. It was well below the roughly 10% pace China had averaged from 1980 until two years ago. Yet according to a new working paper by…
Read more from the original source:
Why The Chinese Economy Can’t Defy The Odds Forever
Asian equities rose on Monday, taking heart from upbeat earnings and economic data that eased recent global growth fears and sharpened risk appetite, while the dollar advanced to a three-week high against the yen. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.3…
The rest is here:
Asia rises as upbeat earnings, data, boost risk appetite
Bank of America Merrill Lynch is bullish the USD and long the greenback against both the AUD and NZD. BofA is also looking to initiate a short EUR/USD position. Beginning with AUD/USD, BofA thinks that the consolidation since early Oct is drawing to a conclusion and the larger bear trend is ab…
View post:
Short AUD/USD, NZD/USD; Looking To Sell EUR/USD Bounces – BofA Merrill
Earlier I posted FOMC statement previews from Goldman Sachs and Merrill Lynch economists. Here is what I expect on Wednesday: • The FOMC will announce the end of QE3. • The FOMC statement will be shorter. Here is the September statement (895 words). Last year, in September 2013, the statement …
Go here to see the original:
FOMC: End of QE3, Shorter Statement
If and how increased uncertainty may trigger recessions 1, lower the effectiveness of fiscal and monetary policy, and stifle subsequent recoveries is the main object of a new ‘uncertainty literature’ surveyed in Bloom (2014). The authors typically point to time-varying volatility of both aggregate…
See more here:
What drives micro and macro volatility?
The week ahead is eventful. Investors have learned the results of review and stress test of European banks. The Federal Reserve meets, as do three other central banks (Bank of Japan, Sweden’s Riksbank and the Reserve Bank of New Zealand. Important elections are underway in Ukraine and Brazil. I…
Read the original here:
Eventful Week Ahead for the Dollar
Even in this bull market, all good things must come to an end. The Federal Reserve is expected to close a chapter in history this week and announce the conclusion of its massive stimulus program. Known as quantitative easing, the program is widely credited with driving investors back into stocks …
Go here to read the rest:
Fed set to finally get out of the market
AUD/USD was almost unchanged last week, closing at 0.8786. There are just four events this week, highlighted by PPI. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. Australian data met expectations and the RBA minutes showed highlighted continuing conc…
Go here to read the rest:
AUD/USD Forecast October 27-31
The Federal Reserve in the coming week is expected to end its quantitative easing program—the much-anticipated action that’s been at the very heart of the market’s fears. After a two-day meeting, the Fed Wednesday is expected to announce the completion of its bond purchases, based on improvements…
Read the original:
Scariest day for market looms, and it’s not Halloween
The results of stress tests conducted by the ECB and the EBA are positive for the Euro and should help the singly currency stabilize from the current levels but rallies are likely to be limited, says Australia and New Zealand Banking Group (ANZ). The following are a summary of the key points in ANZ…
More here:
Results Of Bank Tests Euro Positive – ANZ
Unless it springs a major surprise, the U.S. Federal Reserve will call time this week on its program of government bond purchases, which at one point was pumping $85 billion a month into financial markets and the economy. James Bullard, who heads the St. Louis Fed, has suggested that sticking w…
Read more:
Federal Reserve to take away the punch bowl
Twenty-five banks including Italy’s Banca Monte dei Paschi di Siena SpA and Greece’s Eurobank Ergasias SA (EUROB) failed a stress test led by the European Central Bank, which found a total capital shortfall of as much as 25 billion euros ($32 billion). Of the institutions that didn’t pass the ass…
See more here:
ECB Finds $32 Billion Gap as Paschi to Eurobank Fail Stress Test
The European Banking Authority (EBA) has today published the results of its EU-wide stress test. The 2014 UK stress testing exercise will build on the EU-wide stress test by exploring particular vulnerabilities facing the UK banking system. As previously announced, the Bank of England will publish…
Go here to see the original:
Bank of England statement on EBA stress test publication
VIDEO
Read the original:
Webcast of the ECB press conference on the Results of the Comprehensive Assessment
The European Central Bank (ECB) has today published the results of a thorough year-long examination of the resilience and positions of the 130 largest banks in the euro area as of 31 December 2013. “This unique and rigorous exercise is a major milestone in the preparation for the Single Superviso…
Read more from the original source:
ECB’s in-depth review shows banks need to take further action
