The EURJPY pair has found resistance at a key area and I am expecting to see this follow through into weakness going forward. With a potential double top coming into play, there is a key neckline which should be followed closely. The daily chart shows that the existence of the green inside trendl…
Read the original post:
EURJPY rejects key resistance for bearish outlook
The ECB convenes for its monthly rate decision and expectations are higher after Mario Draghi’s Jackson Hole speech. Will the ECB act now or just hint of QE in the future? Will the event allow the pair to recover or further push it down? Here is a preview: First, what’s going on with EUR/USD r…
Go here to see the original:
ECB Preview: 4 options – lower forecasts but probably no action
The release of the monthly Non-Farm Payroll figures is a highly anticipated moment for Forex traders. This is with good cause as the Non-Farm Payrolls, also known as NFP, has been historically known to produce volatility in the market place. As with other news releases on the economic calendar,…
Read more:
Trading Fridays NFP Release
Last April, Japan’s government implemented a long-planned consumption-tax hike, from 5% to 8%, the first in a two-step increase that is expected to bring the rate to 10% by 2015. The hike – a key feature of “Abenomics,” Prime Minister Shinzo Abe’s three-pronged strategy to revive Japan’s economy –…
Go here to read the rest:
Is Abenomics Working?
This is the chart that eurozone policymakers are most afraid of. It shows Euro Area inflation is falling precipitously over the past three years leaving the region perilously close to falling into deflation — an outcome they are desperate to avoid. Why is this important? Inflation is normally a d…
Read the rest here:
This Hideous Chart Shows Draghi’s Deflation Nightmare Is Coming True In Europe
Click-click-click-click-click! Much like a rollercoaster reaching its apex before that first big drop, traders’ anticipation for the sharp turns of the economic data in the last 48 hours of the trading week is at its peak. The disorienting descent into volatility kicks off in just a few short hours,…
View original post here:
Why Smart Traders Will be Watching AUDJPY Over the Next 12 Hours
August car and truck sales shattered expectations, with a six percent increase over a very strong August of 2013. Most analysts were expecting sales to be fairly even with last year. …
Go here to see the original:
August Car Sales Rate Best Since 2006
France has said conditions are “not right” for delivery of the first of two Mistral navy assault ships to Russia. President Francois Hollande’s office blamed Moscow’s recent actions in Ukraine. France had until now resisted pressure to halt the delivery. It had said it needed to respect an …
View original post here:
Ukraine crisis: France halts warship delivery to Russia
The U.S. economy is ‘in a pretty good place,’ Dallas Federal Reserve Bank President Richard Fisher said on Wednesday, adding that he believes it will soon be ready for gradual interest rate increases but stopping short of saying when. “I don’t think it would be much of a brake on the economy if w…
Go here to read the rest:
Fed’s Fisher says gradual rate rises won’t ‘brake’ U.S. economy
The U.S. economy expanded at a “moderate” pace across much of the nation in recent weeks, with the auto industry showing strong growth and banking conditions improving, the Federal Reserve said on Wednesday. In its Beige Book report of anecdotal information on business activity collected from con…
Read more:
U.S. economic activity continues expansion – Fed’s Beige Book
Reports from the twelve Federal Reserve Districts indicated that economic activity has expanded since the previous Beige Book report; however, none of the Districts pointed to a distinct shift in the overall pace of growth. The New York, Cleveland, Chicago, Minneapolis, Dallas, and San Francis…
Originally posted here:
Beige Book – September 3, 2014
A credit-based financial economy (as opposed to pure cash) depends on an ever-expanding outstanding level of credit for its survival. Without additional credit, interest on previously issued liabilities cannot be paid absent the sale of existing assets, which in turn would lead to a vicious cycle of…
If you think your rent is high, consider the poor billionaires renting at the Knightsbridge in London. According to Cameron Pearson, a luxury real-estate firm specializing in high-end London properties, the penthouse at the Knightsbridge is now renting for £60,000 a week for short-term rentals, …
Read the rest here:
Inside London’s most expensive rental: $99,000 a week
The euro already reflects the likelihood of an ECB asset- purchase program, according to currency strategists polled by Reuters, but it will probably continue to fall in the year ahead as a U.S. dollar rally gathers pace. The euro has weakened around 1 percent since ECB President Mario Draghi dro…
Read more from the original source:
ECB asset-purchase program already priced into euro
European Central Bank President Mario Draghi has mounted a new and ambitious campaign to get the euro-area economy out of the doldrums. At last month’s central-banking conference in Jackson Hole, Wyoming, he signaled that the ECB is ready to use “all available instruments” to stimulate growth,…
Read more:
Mario Draghi’s Stimulus Dilemma
Here’s a surprise: Contrarians have become more upbeat in recent weeks. That’s because the mood in the stock market has become distinctly more sour, which, according to the contrary logic of contrarian analysis, is a good thing. This, in turn, suggests that the market’s recent rally may be able t…
Here is the original:
Contrarian investors — surprise — are starting to like this stock market
• Gold has broken the support implied by its recent low at 1273 (21/08/2014 low, see also the symmetrical triangle). An hourly support lies at 1258 (17/06/2014 low), while a more significant support stands at 1240. Hourly resistances can be found at 1280 (27/08/2014 low) and 1297 (28/08/2014 high). …
Read more:
Gold – The symmetrical triangle has been broken to the downside
• Gold has broken the support implied by its recent low at 1273 (21/08/2014 low, see also the symmetrical triangle). An hourly support lies at 1258 (17/06/2014 low), while a more significant support stands at 1240. Hourly resistances can be found at 1280 (27/08/2014 low) and 1297 (28/08/2014 high). …
Read more:
Gold – The symmetrical triangle has been broken to the downside
BREAKING
Continued here:
Ukrainian PM Yatsenyuk says no trust in Russian President Putin’s peace plan for Ukraine
BREAKING
Continued here:
Ukrainian PM Yatsenyuk says no trust in Russian President Putin’s peace plan for Ukraine
