Wondering why US and European stocks knee-jerked higher in the last hour – wonder no more. JPMorgan released a report stating they expect the ECB to ease next week, masking some policy changes next week to make TLTROs more attractive and even a slight disappointment in data may trigger sovereign QE …
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JPMorgan Sees 50% Chance Of ECB QE By Year-End, Will Ease More Next Week
Self-made millionaire Gregory Sancoff spent the past decade, and millions of his own money, designing and building the Ghost, a technologically innovative combat boat. Ghost is the first supercavitating craft which means it has the ability to cut through large waves rather than float over them. …
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Millionaire builds own super-stealth warship
The EURUSD is sitting in a 36 pip trading range for the day, and also for the week. The current price is in the middle of the trading range for the period When the price consolidates like this, it says to me that traders/”the market” is balanced between buyers and sellers. Eventually that…
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EURUSD stays below gap. Trades in narrow range
Benchmark 10-year German government borrowing costs have never been lower, and while the prospect of them dwindling to zero and even below is highly unlikely, it is no longer inconceivable. Slowing economic growth and a seemingly relentless decline in inflation across the euro zone, including Ger…
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The incredible shrinking Bund yield – going, going … gone?
The Federal Housing Finance Agency (FHFA) announced today that U.S. house prices rose 0.8 percent in the second quarter of 2014, according to its purchase-only, seasonally adjusted House Price Index (HPI). This is the twelfth consecutive quarterly price increase in the HPI. The FHFA HPI is calcu…
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FHFA House Price Index Shows Gains for Twelve Consecutive Quarters
Data through June 2014, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show a sustained …
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Wide Spread Slowdown in Home Price Gains According to the S&P/Case – Shiller
The low volatility in the currency markets has frustrated speculative investors, and dampened activity. However, as this Bloomberg-generated Great Graphic shows, implied volatility has begun firming. Participation appears to be increasing, and this is also evident in the futures market. Thre…
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Currency Volatility Firming
Orders for U.S. durable goods jumped in July by the most on record as bookings surged for commercial aircraft. Demand for business equipment eased after the biggest gain in seven months. Bookings for goods meant to last at least three years climbed 22.6 percent after a 2.7 percent gain in June th…
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Orders for U.S. Durable Goods Surged in July on Aircraft Demand
Canadian corporations earned $87.8 billion in operating profits in the second quarter, up 2.6% from the previous quarter. This gain followed a 3.8% increase in the first quarter. Overall, operating profits were up in 13 of 22 industries. In the non-financial sector, operating profits grew 0.8% to …
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Canada Quarterly Financial Statistics for Enterprises, 2nd Quarter2014
With the UK markets back online after the holiday long weekend, playing catch-up is the order of the day. Euro credit markets are trading firmer this morning despite the non-rapturous applause in Asia that saw the Nikkei, Shanghai composite and Hang Seng close in the red after some quick profit…
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EUR Shorts Hanging Tough For Now
USD/CHF has failed to hold above the strong resistance at 0.9156. Monitor the support at 0.9104 (22/08/2014 low), as a break would confirm a deterioration of the short-term technical structure. Another support can be found at 0.9059 (19/08/2014 low). An hourly resistance now lies at 0.91…
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USD/CHF: Failing to hold above the strong resistance at 0.9156
BREAKING
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It’s official: Burger King and Tim Hortons have a deal
Sources in Moscow have admitted that men captured inside Ukraine are indeed serving Russian soldiers, but said they crossed the border “by mistake”. The admission comes as President Vladimir Putin is due to land in Minsk for talks with his Ukrainian counterpart on Tuesday afternoon. Videos were r…
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Russia admits its soldiers have been caught in Ukraine
Federal Reserve Chair Janet Yellen is raising questions about her own argument that stagnant wages mean the U.S. is far from full employment, armed with research from the Fed Bank of San Francisco that she used to head. Yellen, speaking at the Fed’s annual symposium in Jackson Hole, Wyoming, las…
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Yellen Job-Slack View Muddied by Pent-Up Wage Deflation
British banks approved fewer home loans last month than they did in June, as tighter rules on mortgages lending introduced late in April took some of the heat out of the housing market, industry data showed on Tuesday. The British Bankers’ Association said its members approved 42,792 loans for ho…
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British banks approve fewer home loans in July – BBA
France’s prime minister is scrambling to put together a new pro-reform government , a day after the surprise eviction of rebel ministers who had opposed budgetary rigour. The French president, François Hollande, took the biggest gamble of his two-year-old presidency on Monday by ordering h…
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French PM to reveal new government
sources note an informal agreement reached at Jackson Hole with Draghi wanting to see a much weaker EUR and Yellen a stronger USD, acting as a de facto tightening and thus potentially limiting the upside to US rate hikes
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Sources: informal Jackson Hole agreement, Draghi wanting much weaker EUR
The following are the intraday outlooks for USD Index, EUR/USD, NZD/USD, and AUD/JPY as provided by the technical strategy team at SEB Group. USD Index: Caution if ending below 82.45. The greenback is clearly in an overbought status currently trading outside both the 55d as well as the 233d Bol…
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Intraday Outlook For USD Index, EUR/USD, NZD/USD, AUD/JPY – SEB
Scotland’s pro-independence leader Alex Salmond won a final TV debate on Monday just over three weeks before a historic breakaway referendum, but it wasn’t clear if his combative performance would help him catch up in the polls. In a bruising debate before the Sept. 18 referendum, Salmond relentl…
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Scotland’s pro-independence leader steamrolls final TV debate before vote
It’s a slow day for economic news in Europe, so the moderately busy schedule for US numbers will grab the crowd’s attention with updates on new orders for durable goods and real estate prices through the Case-Shiller House Price Index. Meanwhile the 10-year Treasury yield deserves monitoring as a…
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3 Numbers: US durable goods surge, US house prices, US 10-year yield
