Category Archives: Forex

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White House says US and allies will discuss plans to significantly increase NATO response force readiness amid Ukraine crisis

• USD/JPY is making new highs, opening the way for a test of the strong resistance at 105.44 (see also the 61.8% retracement and the long-term declining trendline). Hourly supports can be found at 104.22 (intraday low) and 103.50 (22/08/2014 low). • A long-term bullish bias is favoured as long as…

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USD/JPY – Pushing higher towards the strong resistance at 105.44

Is the era of high inflation gone forever? In a world of slow growth, high debt, and tremendous distributional pressures, whether inflation is dead or merely dormant is an important question. Yes, massive institutional improvements concerning central banks have created formidable barriers to high…

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The Exaggerated Death of Inflation

German Finance Minister Wolfgang Schaeuble said deficit-fueled growth leads to economic decline, signaling discord with Italy and France as euro-area policy makers seek ways to avoid deflation and spur growth. With France urging a stronger role for monetary policy to help spark its stagnant econ…

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Germany Resists Calls for ECB Aid in Euro Growth Dilemma

Cantor will offer “strategic counsel” as the bank’s vice chairman and managing director Former House Majority Leader Eric Cantor joined the executive board of an investment bank on Tuesday, two weeks after he resigned from office in the wake of a stunning primary defeat by a Tea Party candidate. …

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Eric Cantor Joins Wall Street Investment Bank Moelis & Company

U.S. construction spending rebounded strongly to hit its highest level in more than 5-1/2 years in July as private construction increased and state and local government outlays surged, in a further sign of vigor in the economy. Construction spending increased 1.8 percent to an annual rate of $981…

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U.S. construction spending hits highest level in 5-1/2 years

Whole milk powder prices fall 4.3% in gdt auction*global dairy trade price index falls 6%

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New Zealand Global Dairy Trade Price Index Falls 6%

Economic activity in the manufacturing sector expanded in August for the 15th consecutive month, and the overall economy grew for the 63rd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. PMI® at 59%. The report was issued today by Bradl…

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US August 2014 Manufacturing ISM Report On Business

The IBD/TIPP Economic Optimism Index gained 0.7 points, or 1.6% in September, posting a reading of 45.2 vs. 44.5 in August. The index is 0.6 points above its 12-month average of 44.6, 0.8 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 4.0 points below…

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US Consumer Confidence Improves In September

The EUR/GBP has been bearish since mid-August after finding resistance at 0.8036. The 4H chart shows that the market has been consolidating since July, as the moving averages clustered and crossed over. Before this consolidation in July, price was bearish from March though June. Now back to the…

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EUR/GBP Rebounds to Test Prevailing Bearish Trend

U.S. manufacturers indicated a strong improvement in overall business conditions during August, driven by faster rises in output, new orders and payroll numbers. The latest survey also signalled a boost to production schedules from greater export sales, wi …

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US Manufacturing PMI increases to highest level since April 2010

This is expected to be a tough week for investors. Central Bank rate decisions, mixed in with North American jobs reports will be expected to dominate capital markets risk landscape. Thus far, it’s no surprise to see European markets maintain a cautious tone after the North American long holiday…

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EUR Labors ahead of ECB and NFP – Is there more room to fall?

Growing support for Scottish independence hit the pound on Tuesday, as a new poll put the Yes campaign within “touching distance of victory”. Sterling fell by almost a cent against the dollar to $1.6521 on Tuesday morning after a YouGov poll showed support for a Scottish exit jumped by eight p…

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Sterling tumbles as poll puts Yes campaign within ‘touching distance of victory’

Labor Day in the US is often seen as the final throws of the summer break and after it is over, it is back to business. Or so traders must be hoping, after another pitiful day of volume in financial markets with little steer. In the absence of US traders, there was very little to shout about…

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Breakout in Dollar/Yen gives upside target at the highs

Ukraine warned of an escalating conflict in its easternmost regions as U.S. President Barack Obama headed to eastern Europe to reassure NATO members. Ukraine’s army will take on Russia’s “full-scale invasion,” Defense Minister Valeriy Geletey said on Facebook, a shift away from the government’s …

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Ukraine Warns of Escalation as Obama Set to Visit Area

Saxo Bank set to issue a notification to all clients this evening that it will increase margin on CHF to 8% due to the spot market leaving the 1.2150-1.2250 range where it has been for most of 2014 Saxo Bank will this evening announce to its clients the result of a decision made by its Board of M…

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Saxo Bank to raise margin on CHF to 8%

Goldman Sachs made a $835m loan to Banco Espírito Santo a month before Portugal’s largest listed lender by value was bailed out in a complicated deal that could inflict losses on the Wall Street investment bank. The loan came at a time when mounting concerns over BES’s financial health meant tha…

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Goldman lent $835m to Banco Espirito Santo before bailout

The European Central Bank is gearing up to buy “simple, transparent and real” asset-backed debt. The success of its bid to breathe life into the market will depend on how regulators from Basel to Brussels define those terms. President Mario Draghi said last month that ECB purchases of asset-back…

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Draghi ABS Revival Depends on Regulators Defining Simple

The dollar hit its highest since January against the yen on Tuesday while a struggling euro sank to a one-year low against the greenback on expectations of a more aggressive easing program in the euro zone. The European Central Bank will hold a policy meeting and news conference later this week, …

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Dollar jumps against yen, euro struggles on QE speculation

Construction output in Britain grew at its fastest pace in seven months in August, boosting job creation but also putting strain on suppliers, industry data showed on Tuesday. The monthly Markit/CIPS purchasing managers’ index (PMI) for construction climbed to 64.0 in August from 62.4 in July, ex…

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UK construction growth strongest in seven months