The following are the intraday outlooks for EUR/USD, USD/JPY, AUD/NZD, and USD/CAD as provided by the technical strategy team at SEB Group. EUR/USD: Eyeing the 1.2605 key support. The fallout from what seems to be a bear flag has put the 1.2605 key support up for grabs. A break will confirm an …
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Intraday Outlooks For EUR/USD, USD/JPY, AUD/NZD, USD/CAD – SEB
Spain’s unemployment rate fell to the lowest since the end of 2011 in the third quarter as its economy turned into one of the fastest-growing in the euro region. Joblessness fell to 23.7 percent in the three months through September from 24.5 percent in the previous quarter, Spain’s national sta…
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Spanish Unemployment Drops to Lowest Since 2011 as Economy Grows
Yesterday, I fully explained the Breakout2 trading strategy that works well in volatile market conditions. We went over how to enter and exit trades as well as how we can automate the strategy on our account for free. In today’s article, we continue this theme as we discuss trading range bound…
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Free Automated Strategies (2 of 3): Trading Ranges
T he seasonally adjuste d Markit Flash Germany Composite Output Index rose margi nally from September ’ s 54.1 to 54.3 i n October, thereby extending the current sequence of private sector output growth to a year – and – a – half. W hen asked to comment on activity growth, pan…
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German Output growth maintained as manufacturing strengthens
U.S. options market operators have agreed in recent months on the need for new automatic trading halts when stock options prices suddenly surge or plunge, in a bid to reduce excess volatility and blunt the impact of erroneous trades, according to five sources with knowledge of their discussions. …
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U.S. stock options markets agree to need for trading halts on big moves
The latest flash PMI data signalled a deepening downturn in France ’ s private sector economy during October. The seasonally adjust ed Markit Flash France Composite Output Index , based on around 85% of normal monthly survey replies, slipped to 48.0, from 48.4 in September. That w…
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French private sector output falls at sharpest rate in eight months
U.S. gross domestic product grew by just 12 percent in five years after the summer of 2009. Compared with past recoveries, that’s feeble. In the first five years of the 1960s expansion, the U.S. economy advanced by 35 percent. Growth was 28 percent in the first five years of the “Reagan recovery” of…
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Secular Stagnation
Japan should go ahead with a second sales tax hike next year in order to maintain credibility of its fiscal framework, an International Monetary Fund official said on Thursday. “Going ahead with the tax (hike) is very important,” said Roberto Guimaraes-Filho, deputy division chief of the Regional…
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IMF urges Japan to go ahead with planned tax hike next year
Thursday’s a busy day for economic news, including an early look at October’s macro trend for Germany via the flash estimate for the manufacturing sector via Markit’s purchasing managers index (PMI). Later, we’ll see a pair of US updates that will provide early clues for evaluating the state of …
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3 Numbers: German manufacturing contracts again, US jobs, US output
UBS AG (UBSN) is seeking to bolster its position as the largest manager of private wealth in Asia by looking for millionaires in an unlikely place: the lower-income part of Hong Kong. Switzerland’s largest bank is searching for clients in Kowloon, a name derived from the Cantonese translation for…
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UBS Hunts for Millionaires in Hong Kong’s Nine Dragons
Asian shares sagged on Thursday after a retreat on Wall Street and falling crude oil prices rekindled investor anxiety over slowing global growth, while a mixed picture on Chinese manufacturing failed to impress markets. Japan’s Nikkei share average fell 0.5 percent while MSCI’s broadest index of…
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Asia stocks hobbled by growth woes, China PMI fails to impress
Halsey Minor made a name for himself during the dot-com boom with CNET. Now he’s climbing onto another new-technology wave with BitReserve, a bitcoin-wallet service unveiled in May that will become publicly available later this month. BitReserve has a few features differentiating it from other di…
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CNET Founder Readies BitReserve Launch in Bid to Quell Bitcoin Volatility
Back in early September, Nomura cut its EUR/USD forecasts to 1.27 for end of September and end of Q4. Today, Nomura cuts again its Q4 target for EUR/USD from 1.27 to 1.24. For 2015, Nomura forecast are unchanged continuing to target 1.20 by Q2 2015. Nomura highlights six specific pieces …
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6 Reasons For Cutting Our N-Term EUR/USD Forecasts Again – Nomura
The Australian dollar fell on Thursday despite mildly upbeat data from a bank business survey and one on manufacturing in China. AUD/USD traded at 0.8756, down 0.25%, while USD/JPY held at 107.26, up 0.10%. Business confidence in Australia held at plus 3 in the third quarter, while conditions ro…
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Australia dollar down despite upbeat NAB survey, China PMI
Key points •Flash China Manufacturing PMI™ at 50.4 in October (50.2 in September). Three-month high. •Flash China Manufacturing Output Index at 50.7 in October (51.3 in September). Five-month low. Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & C…
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Slowest expansion of China manufacturing output in five months
Key points: •Flash Japan Manufacturing PMI™ at 52.8 (51.7 in September).Modest improvement in business conditions in September. •Flash Japan Manufacturing Output Index at 52.3 (53.4 in September). Moderate growth for third successive month. Amy Brownbill, Economist at Markit, which compile…
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Japan manufacturing: new order growth highest in eight months
Janet Yellen runs the Federal Reserve now, but that doesn’t mean that notions about what used to be known as the “Bernanke put,” named after her predecessor, Ben Bernanke, have expired. So far, there’s been little talk of a “Yellen put,” but the U.S. Federal Reserve still remains ready to bail ou…
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What would it take to trigger the ‘Fed put’?
The NAB’s quarterly business survey is out this morning – it’s the big brother of the monthly survey and has more respondents allowing a deeper dive into the economy. The survey showed that business confidence (+6) and conditions (+3) are at, or better than, long-run averages but the NAB’s commen…
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NAB: Rise In Business Conditions Mask Underlying Pressures On Australian Business
Technical Sentiment: Bullish Key Takeaways •USD builds bullish momentum ahead of Unemployment Claims; •Higher Low warns of inverse Head and Shoulders; •Japan Flash Manufacturing PMI due later tonight, with bullish expectations; •USD/JPY faces huge resistance clusters at 107.40 and 107.80. Pric…
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USD/JPY Builds Momentum; Key Resistance at 107.40
Joseph Weisenthal, the executive editor of Business Insider, will join Bloomberg as the host of a daily TV show and managing editor of its website’s markets coverage, the company announced on Tuesday. …
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Joseph Weisenthal leaves Business Insider to join Bloomberg
