Category Archives: Forex

Thank you for the invitation to visit Adelaide. …

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RBA Stevens: The Economic Scene

Call it the “Jennifer Lawrence stock rally”. As hackers try to steal credit card data from Home Depot (HD)and naked pictures from Hollywood celebrities, cybersecurity companies are seeing big gains. Shares of both Palo Alto Networks (PANW) and FireEye (FEYE) — two of the hottest stocks in the sec…

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Cybersecurity stocks pop. Thank the hackers

EUR/USD is expected to stabilize around the 1.3105 September 2013 low before reaching the psychological 1.3000 region, notes Commerzbank. “On the hourly and daily charts we can see positive divergence which, together with the loss of downside momentum over the past few days, increases the chanc…

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EUR/USD: Stabilizing; Minor Bounce Ahead – Commerzbank

According to Japanese press, Japan’s cabinet reshuffle will take place at 14.00 local time (6 GMT), with most of the focus on who will be names the next Minister of Health, Welfare, and Labor, responsible to supervise the Government Pension Investment Fund (GPIF). From Nomura “Kyodo and other …

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Key day for GPIF prospects as Japan reshuffles cabinet

Australia’s economy expanded at a slower pace in the three months through June, underscoring the central bank’s bias to keep interest rates at a record low to boost domestic demand. Second-quarter gross domestic product advanced 0.5 percent from the previous three months, when it rose 1.1 percent…

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Australia’s Economy Expands at Slower Pace in Second Quarter

HSBC China Composite PMI™ data (which covers both manufacturing and services) signalled a fourth successive monthly increase of Chinese business activity during August. The HSBC Composite Output Index posted at 52.8, up from 51.6 in July, and signalled a robust rise in activity levels. Fur…

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China service sector activity rises solidly, while manufacturing output growth slows

Business activity in Japan’s service sector worsened from a previous month of growth in August, although at a fractional pace. Total new orders, however, remained in growth territory for the third month in a row. Companies continued to expand their workforce numbers over the month, but a…

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Japan service sector business activity falls but at fractional pace

Activity in China’s services sector recovered slightly in August, with the official purchasing managers’ index (PMI) for the industry rising to 54.4 from a six-month low of 54.2 in July, a government survey showed on Wednesday. The official non-manufacturing purchasing managers’ index (PMI) was p…

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China Aug official services PMI at 54.4 vs 54.2 in July

What has been happening, and what’s coming? In the view of FX and fixed income markets, two developments since the last ECB rate decision have placed the central bank in a more difficult position with limited time to spare. Q2 Euro Area real GDP growth was reported as flat QoQ and EU/Russian t…

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EUR/USD: Trading The ECB On Thurs – BMO

Tesla Motors Inc. (TSLA) rose to a record high after a Stifel Nicolaus & Co. report cited the electric-car maker’s increasing production and said it may be worth $400 a share even before it starts making a lower-priced model. Tesla advanced 5.3 percent today to $284.12, the highest closing price…

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Tesla Jumps as Stifel Projects Share Price to Reach $400

The seasonally adjusted Australian Industry Group Australian Performance of Services Index (Australian PSI ® ) was almost unchanged in August, at 49.4 points (49.3 points in July) . This suggests conditions have been broadly stable within the services industries over the past two mo…

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Australian PSI: Services Sector Sales and New Orders Grow in August

Last night was the night when markets might have had a light bulb moment and realised that the US economy really is doing well and that there may be a black swan or two hiding in plain sight. The data was solid overnight highlighting the fact that the economy is on the mend and that as we approac…

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US dollar hits Yen and Sterling, Aussie doing okay and Euro consolidating

Indian Prime Minister Narendra Modi is urging Japanese companies to invest in his country, touting its young workforce and massive market. In a speech Tuesday as part of his visit to Japan, Modi pledged to loosen regulations and build a better business environment. About half of Indi…

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Modi markets India to Japan Inc.

One of the great mysteries of the post-financial crisis world is why the U.S. has lacked inflation despite all the money being pumped into the economy. The St. Louis Federal Reserve thinks it has the answer: A paper the central bank branch published this week blames the low level of money movemen…

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Fed: US consumers have decided to ‘hoard money’

It appears that we are back into my early cyclicals leading the markets theme. I haven’t posted about this recently as we saw the late cyclicals lead early in the year, so that is where I was focused. This is an odd rotation, but one that allows for bullish continuation for quite a while. Let’s…

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The State of the Markets

Doctors in Liberia were out on strike on Tuesday as they struggled to cope with the outbreak of the deadly Ebola virus, while the United Nations warned the spread of the disease in West Africa was causing food shortages in one of the world’s poorest regions. Governments and aid organizations are …

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Liberian doctors strike, food prices spike as West Africa struggles to contain Ebola outbreak

Mario Draghi has set the bar high for the European Central Bank’s next meeting Thursday. The bank president’s warning about reduced inflation expectations, made in a speech on Aug. 22, fanned hopes that the ECB may announce additional stimulus measures to boost economic growth and prices. A re…

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5 Things To Look Out For At Thursday’s ECB Meeting

Multiple banks say they are seeing evidence that Home Depot stores may be the source of a massive new batch of stolen credit and debit cards that went on sale this morning in the cybercrime underground. Home Depot says that it is working with banks and law enforcement agencies to investigate reports…

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Banks: Credit Card Breach at Home Depot

French Finance Minister Michel Sapin has warned the government won’t be able to meet its goal of $21 billion in savings because inflation is too weak. Consumer price increases excluding tobacco in France have slowed to 0.4%. Overall Euro zone inflation recently fell to 0.3%. “The inflation fig…

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French Government Warns Low Inflation Has Created A ‘Shock’ And Now They’re Going To Miss Their Budget Targets

By 2030, the number of U.S. adults age 50 and older will grow to 132 million — up 70% compared with 2000, according to a report released on Tuesday by Harvard University’s Joint Center for Housing Studies and AARP Foundation. The rise can be attributed to the massive baby boomer generation climbing…

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Aging population faces housing shortage