Category Archives: Forex

BREAKING

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SNB open to negative Rates–Moser tells WSJ

Canadian industries operated at 82.7% of their production capacity in the second quarter, up 0.6 percentage points from the first quarter and the fourth consecutive quarterly gain. Manufacturing industries as a whole were the main source of this increase. The manufacturing sector operated at 82.0%…

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Canada industrial capacity utilization rates, 2nd quarter 2014

The economist who predicted the U.S. housing crisis has told CNBC that Scotland now faces a difficult period for investment regardless of the result of an upcoming independence referendum. “It’s certainly a disaster for Scotland, first and foremost, it’s going to be a horrible adjustment,” the Ha…

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Rogoff fears ‘horrible disaster’ for Scotland

A consolidation on the equity markets is beginning to turn into a correction as investors struggle to see the glass half full. A report from the San Francisco Fed has suggested that markets were perhaps being too dovish on when the Fed may begin to raise interest rates. This has caused a pick-up in…

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Cable looking to build on support with AUD/USD the latest to break down

This morning Euro equities are on the back foot, taking their lead from the slide in Asia and North America in the overnight sessions. Euro bourses are on the verge of forgoing all recent gains earned after ECB’s Draghi surprise rate cut last week. Not helping investors risk appetite is the surge in…

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Sink or Swim for Sterling

Jean-Claude Juncker, the incoming president of the European Commission, handed key economic and financial responsibilities to French and British members of a restructured, 28-strong team he unveiled on Wednesday. French Socialist Former finance minister Pierre Moscovici takes the key portfolio of…

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New EU Commission gives key economic posts to France, Britain

Sterling hit a fresh 10-month low against the dollar and a three-month trough against the euro on Wednesday, with traders citing an online survey on the Scottish independence which gave the “Yes” camp a strong lead. Market talk in morning trade in Europe surrounded the prospect of another poll du…

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Scots survey nerves drive sterling to 10-month low

Federal Reserve officials are considering whether to alter their guidance on the likely path of interest rates to give them more flexibility to react to changes in the economy. The Fed has said since March that its benchmark rate would stay low for a “considerable time” after it completes monthl…

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Fed Weighs Change to Rate Guidance for Added Flexibility

Here are the results of a poll run on a sample of Scottish web users between 7-9 September. The poll reported – when weighted to match the Scottish internet population’s general makeup – a 53.9% ‘Yes’ vote for the question “Should Scotland be an independent country?” The poll results were from 1,…

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Scotland Poll result: 53.9% Yes

EURGBP has finally broken above the 0.8035 resistance level – this is a bullish development in the short term

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EURGBP has finally broken above the 0.8035 resistance level

BREAKING

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Pound suffering again on rumours of new Survation poll showing yes lead

Sterling has fallen nearly six cents since the September 1, or about 3.2%. The reason is clear, and it is most certainly not simply about good news from the US. Sterling had already fallen six cents from this mid-July high near $1.72 as the market adjusted to the latest forward guidance, which …

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Implied and Historic Sterling Volatility

British Prime Minister David Cameron implored Scots on Wednesday to shun independence to keep the United Kingdom “family” intact as he scrambled to stem a steep rise in secessionist support ahead of the Sept. 18 vote. In a sign of panic within the British ruling elite, Cameron and opposition lead…

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British PM begs Scots: Don’t rip our ‘UK family’ apart in independence vote

Clinging to a plank from the wreckage of his sinking raft, Ali Salib gazed into the cobalt blue of the open Mediterranean and began to speak to the dead. To those who have gone before me, I go now to join you. To address the departed, he did not have to look far. As his own strength and wil…

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Migrant crisis hits Europe

Clinging to a plank from the wreckage of his sinking raft, Ali Salib gazed into the cobalt blue of the open Mediterranean and began to speak to the dead. To those who have gone before me, I go now to join you. To address the departed, he did not have to look far. As his own strength and wil…

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Migrant crisis hits Europe

The following are the intraday outlooks for EUR/USD, USD/JPY, AUD/USD, and AUD/NZD as provided by the technical strategy team at SEB Group. EUR/USD: Time to deal with the stretch. All short-term trend-following tools remain in negative positions but price action turned the back to trend yesterd…

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Intraday Outlooks For EUR/USD, USD/JPY, AUD/USD, AUD/NZD – SEB

The following are the intraday outlooks for EUR/USD, USD/JPY, AUD/USD, and AUD/NZD as provided by the technical strategy team at SEB Group. EUR/USD: Time to deal with the stretch. All short-term trend-following tools remain in negative positions but price action turned the back to trend yesterd…

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Intraday Outlooks For EUR/USD, USD/JPY, AUD/USD, AUD/NZD – SEB

In July 2014, manufacturing output went down slightly (–0.3%), after an increase in June (+1.6%). Output increased slightly in industrial production as a whole (+0.2%, after +1.2% in June 2014). Manufacturing output decreased by 1.5% over the last three months… During the last three months (q-o-…

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French Industrial production index – July 2014

In July 2014, manufacturing output went down slightly (–0.3%), after an increase in June (+1.6%). Output increased slightly in industrial production as a whole (+0.2%, after +1.2% in June 2014). Manufacturing output decreased by 1.5% over the last three months… During the last three months (q-o-…

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French Industrial production index – July 2014

I have often written about the emotional and psychological factors that inhibit long-term investment performance (most recently here). Despite repeated studies that suggest investors should just buy “passive index” funds and “hold on” until eternity, the reality is that it simply does not work that…

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The 7 Deadly Sins Of Investing