The estimated annual CPI inflation August 2014 is the – 0,5%, According to the leading indicator produced by the INE. This indicator provides a preview of the CPI, if confirmed, would be a to decrease of two tenths in the annual rate since in the month of julio this change was the – …
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Annual Rate of Spanish Inflation falls to -0.5%
The Chinese government launched a “fresh round of mini-stimulus” to counter growth headwinds, according to a Bank of America Merrill Lynch (BofA-ML) report published Thursday. The measures aim to support the agricultural sector, boost investment in public facilities and improve environmental prot…
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Did China just announce a new mini-stimulus package?
Thursday is a busy day for economic news, and includes the monthly update on unemployment data for Germany. These numbers will be of particular interest in the wake of reports this week that the mood is souring in Germany in both the consumer and business sectors. A few minutes after this is rel…
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3 Numbers: Decline expected for German unemployment, EU money, US jobs
RSI (Relative Strength Index) is counted among trading’s most popular indicators. This is for good reason, because as a member of the oscillator family, RSI can help us determine the trend, time entries, and more. Today to help become better acquainted with the indicator, we will review three…
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3 Trading Tips for RSI
The ECB reports money supply and new lending figures tomorrow. The central bank has acknowledged that there are preliminary signs that credit extension to households and businesses have begun improving. The ECB is not satisfied, and next month, the Targeted Long Term Repo facility will be…
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Where European Banks are Lending
Business investment was stronger than expected in the June quarter, giving weight to Reserve Bank of Australia assumptions for second-quarter gross domestic product growth of about 0.4 per cent. However, spending on equipment, plant and machinery disappointed, forcing a series of gross domestic p…
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Australian Capex data points to in-line GDP growth
Gold-backed funds that heralded record prices in 2011 and last year’s biggest sell-off in three decades are becoming less useful as market predictors. After a decade of changing mostly in tandem, gold prices and holdings in exchange-traded products backed by bullion have the most-negative correla…
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Gold-Price Indicator Fading as ETPs Tumble by $71 Billion
Asian stocks crept up on Thursday following another steady performance by Wall Street shares which hovered near record highs, while the euro clung to modest gains after rebounding from 13-month lows. The Australian dollar rose to a three-week high versus the U.S. dollar after second quarter busin…
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Asia shares edge up on steady Wall Street, euro clings to gains
In a note to clients today, Bank of America Merrill Lynch reiterates its structural bullish USD views arguing that evidence says that the Greenback is in the midst of a medium, if not long term, bull trend. However, in the very short-term, BofA warns that across currencies, the USD looks set to…
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USD Correction Begins Vs JPY, CAD; AUD/USD Squeeze Risk – BofA Merrill
Jack Ma is China’s richest person. The 49-year-old founder and chairman of Alibaba Group Holding Ltd. has a net worth of $21.8 billion, according to the Bloomberg Billionaires Index. His assets include a 7.3 percent economic interest in China’s largest e-commerce business, which is preparing for …
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Jack Ma Emerges as China’s Richest Man Before Alibaba IPO
The Energy Information Administration published the official US gasoline and crude inventory data. Refineries increased their output while gasoline stocks decreased. Crude stocks increased in Cushing, Oklahoma but the fall of 960,000 barrels of gasoline was inline with expectations. Brent future…
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Weak USD and Inventories Boost Oil
A downward trend in total new home sales has emerged, affirming previous calls that sales had reached a peak earlier in 2014. The 2013/14 financial year represented a year where the recovery in new home sales gathered momentum to take sales volumes to decade highs. The 2014/15 financia…
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HIA New Home Sales
Last night was a great night to highlight that technicals and fundamentals need to be part of your trading toolkit. After moving above 1.32 the previous night the Euro came under intense pressure in Asian trade yesterday hitting a low around 1.3150ish. But from almost the minute the first traders…
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Stocks go nowhere but the Euro lifted its head even as bonds rallied
Japan and India will jointly produce rare-earth metals for export to Japan, marking another step in Tokyo’s push to wean itself from its dependence on China. Japanese Prime Minister Shinzo Abe and his Indian counterpart, Narendra Modi, are expected to agree on the deal at their meeting Monda…
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Japan to import rare earths from India
The Australian dollar has finally shown some signs of life in the last 24 hours attempting to move higher from the 0.93 level pushing up to a three week high at 0.9350. For the best part of the last couple of weeks the Australian dollar has traded close and around the 0.93 level after spending the…
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AUD/USD – Showing Some Life Above 0.93
Despite a soft finish on Wall Street the S&P 500 finished at its 31st record close this year and the Dow ended just below a new high. The SPI is pointing to a lower open for the Australian share market ahead of more earnings reports. Among the companies expected to report full year results to…
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S&P 500 at record, ASX eyes earnings
Finance is a strange industry. There’s nothing else like it. I can’t think of another industry in which there is so much ignorance around costs. Nearly all financial fees are deducted from assets automatically, rather than clients receiving and paying an invoice. This makes them out of sight, out…
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Finance is a Strange Industry
The euro rebounded from a 13-month low on Wednesday after a report suggested the European Central Bank might not introduce more stimulus next week while major U.S. stock indexes were little changed, with the S&P 500 clinging near the 2,000 milestone. Reuters in a report on Wednesday cited ECB sou…
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Wall Street clings near record highs; report on ECB lifts euro
As evidence of the EU’s failure and potential collapse mounts, the time for existential choices approaches, implications for the EUR Summary Existential Threat #1: Unsustainable Debt Loads That Could Destroy The EU Require A Fully Empowered ECB Existential Threat #2: Undercapi…
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The EU: The End Is Near? Existential Threats And Decisions Approach
Valeant Pharmaceuticals International Inc (VRX.TO) and activist investor William Ackman got their request for an expedited trial on Wednesday over the timing of a special meeting of Allergan Inc (AGN.N) shareholders, a key to their $49 billion hostile takeover fight. Delaware Court of Chancery Ch…
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Valeant, Ackman get October 6 trial over Allergan special meeting
