Well into the second year of Abenomics, doubts have risen about the effectiveness of Japanese Prime Minister Shinzo Abe’s approach of boosting economic growth and overcoming deflation via “three arrows” of monetary, fiscal, and structural policy. Yet another set of disappointing data recently…
Germany’s construction sector remained in contraction territory in August, with activity falling for a fifth month running. New orders continued to decline and companies were cautious about their employment numbers, resulting in further job cuts. Meanwhile, purchase prices increased at the wea…
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Downturn in German construction sector continues in August
The Executive Board of the Riksbank has decided to hold the repo rate unchanged at 0.25 per cent to contribute to the low inflation rate rising towards the inflation target of 2 per cent. As in the previous forecast, it is assessed to be appropriate to begin raising the repo rate towards the end of…
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Sweden Repo rate unchanged at 0.25%
France’s unemployment rate edged higher in the second quarter as the number of jobless continued to rise amid a lack of growth in the economy. The jobless rate, according to International Labour Organization standards, rose to 10.2% in Q2 from 10.1% in Q1, including the country’s overseas territo…
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France Jobless Rate Edges Up To 10.2% in Q2
No prizes for guessing the rest of the statement; Kuroda’s presser underway but don’t expect any deviation from the mantra; can still effects of reaction to tax rise; expects impact of tax rise to wane gradually; CPI likely to reach 2% in middle of projection period; BOJ wil…
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BOJ’s Kuroda says Japanese economy is recovering moderately
Price-adjusted new orders in manufacturing in July 2014 increased a seasonally and working day adjusted 4.6% on June 2014 (following –2.7% in June 2014 on May 2014). Domestic orders increased 1.7% and foreign orders by 6.9%. As regards the direction of trade in foreign transactions, new orders from…
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German New orders in July 2014 up a seasonally adjusted +4.6% on the previous month
The European Central Bank faces intense market pressure to take policy action on Thursday and risks losing credibility if it fails to back up a dovish message delivered by President Mario Draghi late last month. Draghi ramped up expectations for Thursday’s ECB meeting when, departing from his spe…
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Draghi under pressure of his own making to deliver ECB stimulus
Alpari Russia has expanded its offering today by finally introducing a new binary options section. Last year, LeapRate reported that Alpari Russia chooses MarketsPulse for its option platform technology while Alpari UK went with SpotOption. However, since that time Alpari UK has dropped…
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Alpari RU launches new Binary Options section
Thursday’s a busy day for economic news, and includes the much-anticipated announcement from the European Central Bank at 11:45 GMT. The markets will be keenly focused on learning if the ECB will – or won’t – announce a program of quantitative easing today as a new monetary front to stimulate growth…
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3 Numbers: Rebound for German factory orders, Eurozone PMI, US jobs
The Bank of Japan maintained record stimulus to keep stoking inflation and boost economic momentum that’s been sapped by a higher sales tax. The central bank kept its pledge to increase the monetary base at an annual pace of 60 trillion yen to 70 trillion yen ($667 billion), the bank said in a st…
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BOJ Keeps Record Easing as Kuroda Aims to Stoke Recovery
In Citi’s Steven Englander’s latest note, he notes that every major FX trade in place right now is a carry trade in one form or another, differing only in their scope and in the risk they entail. This has 5 significant implications… Via Citi, This note argues that every major FX trade i…
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Citi Warns Every FX Trade Is The Same Carry Trade Now
Andrew John Hall — known as the God of Crude Oil Trading to some of his peers — has built his success on a simple creed: Everyone who disagrees with him is wrong. For most of the past 30 years, that has been a killer strategy. Like a poker player on an endless hot streak, Hall has made billion…
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Trader Who Scored $100 Million Payday Bets Shale Is Dud
The following are the expectations for today’s BoJ September policy meeting as provided by the economists at Goldman Sachs, Bank of America Merrill Lynch, Barclays Capital, Deutsche Bank and other major banks. GS: We expect the BOJ to maintain the current quantitative easing scheme at the BOJ pol…
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What To Expect From BoJ? – Goldman, BofA, DB, & Others
The long-term GBP/USD chart continues to show a similar pattern developing to that seen in the 1990s, notes CitiFX Technicals. “In 1992, GBPUSD collapsed from just over 2.00 (3 years before the Exchange Rate Mechanism crisis) after which it rallied low to high (1.7178) for 68 months. In 2008, G…
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GBP/USD Deja Vu: Levels & Targets – Citi
The long-term GBP/USD chart continues to show a similar pattern developing to that seen in the 1990s, notes CitiFX Technicals. “In 1992, GBPUSD collapsed from just over 2.00 (3 years before the Exchange Rate Mechanism crisis) after which it rallied low to high (1.7178) for 68 months. In 2008, G…
The euro clung on to modest gains against the dollar early on Thursday, having pulled up from one-year lows as investors booked some profits ahead of the European Central Bank policy review. News of a ceasefire plan in eastern Ukraine further shored up the common currency, although this is now in…
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Euro wary as ECB policy decision looms, BOJ eyed
The euro clung on to modest gains against the dollar early on Thursday, having pulled up from one-year lows as investors booked some profits ahead of the European Central Bank policy review. News of a ceasefire plan in eastern Ukraine further shored up the common currency, although this is now in…
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Euro wary as ECB policy decision looms, BOJ eyed
Andrew Madoff, convicted conman Bernard Madoff’s last surviving son, who insisted he had nothing to do with his father’s massive Ponzi scheme, has died. He was 48. He died today at Memorial Sloan Kettering Cancer Center in New York after battling mantle cell lymphoma, his attorney, Martin Flumenb…
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Andrew Madoff, Convicted Conman’s Last Surviving Son, Dies at 48
Andrew Madoff, convicted conman Bernard Madoff’s last surviving son, who insisted he had nothing to do with his father’s massive Ponzi scheme, has died. He was 48. He died today at Memorial Sloan Kettering Cancer Center in New York after battling mantle cell lymphoma, his attorney, Martin Flumenb…
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Andrew Madoff, Convicted Conman’s Last Surviving Son, Dies at 48
So now we know what free money does. It dampens downside volatility and makes the market dangerously skewed toward good news only. I don’t mean dangerous because I’m endlessly pessimistic or even because I think stocks should plunge and the economy is in dire straits – far from it. I simply belie…
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Ukrainian peace talks drive stocks in Europe while the Aussie gets a lift from the RBA Governor
