US CB Consumer Confidence is based on a monthly survey of about 5,000 U.S. households regarding their opinion of the economy. Traders should pay close attention to its release, which always has a strong impact on market prices. A higher reading than the market forecast is bullish for the dollar. …
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GBP/USD: Trading the US CB Consumer Confidence
A slight of hand, a change of heart and CBanks policy makers are about to change the rulebooks on monetary policy. To date, the forex market has been cocooned by a G10 low rate monetary policy resulting in a “low volume, low volatility” trading landscape. It would seem that the squeeze is on Central…
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Dollar Hawk Look To Guide EUR Dove Lower
Inflation expectations in Europe have fallen off a cliff. This summer has seen a rash of poor economic data out of the Eurozone, with the most discouraging data coming from the August 14 GDP report which showed flat growth in the second quarter. Poor growth has also been accompanied by poor inf…
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This Is The Chart That’s Been Keeping Mario Draghi Up At Night
It almost seems surreal. The major central banks seem to agree that wages need to rise. Usually, to the extent central banks address the issue, they traditionally have cautioned against large pay increases. And is so doing, reveal their underlying pro-business agenda. Why should it matter to a…
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Intl Comparison Labor Costs per Employee
In the fiercely competitive environment of Wall Street, almost everyone is looking for an edge—from traders who spend years memorizing the trading patterns of a handful of stocks, to research analysts who dig through their Rolodexes (literal and virtual) to delve into the details of a company’s…
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Wall Street yoga: Finance gets its downward dog on
Scotland’s referendum on independence — a vote to decide if Scotland should stay in the United Kingdom or secede — is less than one month away. The political leaders of each side will participate in the last televised debate before the Sept. 18 referendum on Monday night. Here’s what you need to…
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Everything You Need To Know About The Scottish Independence Referendum
European finance ministers due to meet in Milan next month will hold talks on how countries can take advantage of flexibility built into the region’s fiscal regime in order to stimulate growth and revive the economy. Reacting to comments made by European Central Bank President Mario Draghi on Fri…
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EU Ministers To Debate Flexibility In Fiscal Rules
Ukraine says two tanks that entered from Russia were destroyed, according to Military Spokesman Lysenko
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Ukraine says two tanks that entered from Russia were destroyed: Military Spokesman Lysenko
Economists overwhelmingly expect the Federal Reserve to hold off raising short-term interest rates until at least 2015. But nearly a third say doing so would mean the central bank waited too long, a new survey found. Of economists polled by the National Association for Business Economics, 31% sai…
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More Economists See Fed Policy As Too Loose
The S&P 500 hit 2000 for the first time.
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S&P 500 hits 2000
New-home sales in the U.S. fell unexpectedly in July for the second month as the housing recovery makes only fitful progress. Sales declined 2.4 percent to a 412,000 annualized pace, the fewest since March and lower than the lowest estimate of economists surveyed by Bloomberg, after a 422,000 rat…
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Sales of New U.S. Homes Unexpectedly Fall to Four-Month Low
At 58.5 in August, down from 60.8 in July, the seasonally adjusted Markit Flash U.S. services PMI™ Business Activity Index which is based on approximately 85% of usual monthly replies –signalled the slowest expansion of business activity since May. The index has now moderated for two months running…
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Slowest rise in U.S. service sector output for three months in August
Earlier this morning, those expecting an out of control European deflationary tumble got one step closer to their goal when French President Francois Hollande asked his prime minister, who only assumed the post a few short months ago in March, to form a new government, following what Reuters…
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France In "Political Turmoil" After Hollande Unexpectedly Dissolves Government
BREAKING
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Israeli Central Bank lowers benchmark rate to 0.25%
The National Bank of Belgium’s business barometer has remained more or less stable in August. Business confidence strengthened in the building industry and, to an even greater extent, in the trade sector. Conversely, the economic climate weakened in business-related services. And, lastly, in the m…
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Belgium Business Confidence Virtually Stabilises in August
Prodding governments to do more to boost demand and hinting at European Central Bank action to go along with it marks a major shift in ECB chief Mario Draghi’s euro zone policy away from a focus on austerity toward reviving growth. In a landmark speech on Friday, the ECB president said it would b…
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About-face for ECB’s Draghi as he seeks to jolt euro zone into life
The second Scottish independence debate between Better Together’s Alistair Darling and Yes Scotland’s Alex Salmond is due to take place later. But what are the known unknowns – the questions both sides disagree on, but people want answered? Both the pro-union and Yes Scotland campaigns will be h…
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Scottish independence: Five unresolved questions
EUR/USD continues to move lower. The recent new lows confirm persistent selling pressures. The short-term technical structure is negative as long as prices remain below the hourly resistance at 1.3297 (22/08/2014 high). Another resistance stands at 1.3336 (12/08/2014 low). In the longer term, EUR…
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EUR/USD – Persistent selling pressures underway
ECB chief Mario Draghi gave a big speech at Jackson Hole on Friday. There were two big ideas to come out of the speech: The first is that the ECB will do more to halt falling inflation. The other is that the ECB probably can’t do it on its own, and that the destructive effects of austerity need t…
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Draghi’s Speech – The Most Crucial Part Wasn’t In The Original Text
Businesses are hiring at the fastest pace in years, but companies themselves still aren’t investing as much as they used to, and an improved labor market has not encouraged Americans to shed their cautious spending habits. Call it the double-sided economy. Many industries are experiencing more ra…
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Double-sided U.S. economy: Sharp in some areas, dull in others
