Almost eight out of 10 vehicles made in Britain are now destined overseas, with 5m cars exported since 2010, says industry body. Britain is exporting cars at a record rate amid strong international demand for luxury brands. The UK has exported more than 5m cars since 2010, marking the best st…
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UK car industry exporting at record rate
Exports from Switzerland rose by a real 4.5 percent in July to 19.26 billion Swiss francs (21.08 billion US dollar), the Federal Customs Office said on Thursday. Overall Switzerland ran a merchandise trade surplus of 3.983 billion Swiss francs in July.
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Swiss trade surplus widens to 3.98 bln sfr in July
Thursday is a busy day for economic news, and includes updates on business sentiment across Europe via flash releases of purchasing managers’ indices (PMIs). The main event will be an updated profile of Germany’s economy via the preliminary releases of PMIs for manufacturing and services. We’ll …
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3 Numbers: Germany retains growth forecast, US PMI, US home sales
Two years after Lucid Markets was bought by FXCM, the joint venture between the two firms looks toward America as a land of opportunity for sophisticated electronic trading. V3 Markets, the newly launched joint venture between US retail FX broker FXCM and electronic trading company Lucid Markets,…
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FXCM’s V3 Markets gets NFA registration as floor trader firm
Five months after the U.S. Mint began producing coins made with platinum, sales have all but collapsed as investors continue to favor gold and silver. “It’s not considered a currency,” said Jason Carstensen, a medical-sales representative in Ventura, California, who spends about $2,000 a month on…
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U.S. Mint Platinum Coins Bypassed in Rush for Gold
Could the dollar lose its status as the key international currency for international trade and international financial transactions, and if so, what would be the principal contributing factors? Speculation about this issue has long been abundant, and views diverse. After the introduction of the e…
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What will be the global currency of the future?
Nine months after stock-market wagers on a baby boom in China reached record levels, the bets have turned into some of the nation’s biggest losers as living costs deter couples from having more than one child. While milk-powder producers Biostime International Holdings Ltd. (1112) and Yashili Int…
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China Baby Boom Wagers Go Bust on Child Cost Burden
The soft July data have once again generated expectations of monetary easing from China. Goldman however thinks further monetary easing would have incrementally less of an impact and would come at the cost of financial stability. This diminishing impact, they argue, would result as overcapacity…
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Goldman Warns Additional Chinese Stimulus Risks Global Financial Stability
Asian shares came under pressure on Thursday as a disappointing survey on Chinese manufacturing stoked concerns about the regional giant and overshadowed better news from Japan. The HSBC/Markit Flash China Manufacturing Purchasing Managers’ Index (PMI) fell to 50.3 in August from July’s 18-month …
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Asia shares slip as China disappoints, Japan bucks trend
Justin Bieber and Taylor Swift have hit a sour note. …
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This stock tanked. Blame Justin Bieber
Output and new orders both expand at weaker rates in August. Key points. Flash China Manufacturing PMI™ at 50.3 in August (51.7 in July). Three-month low. Flash China Manufacturing Output Index at 51.3 in August (52.8 in July). Three-month low. Commenting on the Flash China Manufacturing PMI …
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China manufacturing output and new orders both expand at weaker rates in August
Key points: Flash Japan Manufacturing PMI™ at 52.4 (50.5 in July). Modest improvement in growth registered in August. Flash Japan Manufacturing Output Index at 53.2 (49.8 in July). Output increased at solid pace. Amy Brownbill, Economist at Markit, which compiles the survey said: “Late…
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Japan Manufacturing PMI points to strongest expansion since March
Key levels are being tested or have given way suggesting further USD gains in G10, notes CitiFX Technicals. In the USD Index, Citi notes that it’s making higher highs for the trend and beginning to look like a convincing bullish after its break above 81.49. “The next set of resistance leve…
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King USD: Key Levels Across The Board – Citi
Finally – after ages of doing nothing and of complacency the worlds biggest macro market – currencies – has awoken from its slumber. This is important because in these moves you can see evidence, and I get a sense, that the market is starting to wake up to the big changes ahead as the Fed exits Q…
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A huge night on Currencies as the US dollar pushes sharply higher
Every scientific discipline has its own language, largely to save time when conversing with others from the same discipline. For instance, in trigonometry it’s much easier to talk about the “hypotenuse” rather than “the angle opposite the right angle in a right angle triangle” every time. In econ…
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Unemployed or lazy? Economists know better
The dollar is stronger today following the slightly hawkish stance of the FOMC Minutes, which hinted at the potential for an earlier-than-expected hike in interest rates. Nothing is likely to happen any time soon though, and equities liked that idea in continuing their positive trend, with the S+P…
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FOMC minutes enhances US$ gains
The USDCHF is testing a major inflection range that has been tested and failed six previous times this year, five of which took place in January. While our broader directional bias on the pair remains weighted to the topside, the rally is vulnerable here sub key resistance at 9113/33 and we’ll look…
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Make or Break Time for USDCHF- Rally Vulnerable Sub 9133
Sometimes I am convinced it was completely by design, and not a weird little coincidence, that one of Germany’s most sprawling red light districts is just steps away from the European Central Bank. This fact becomes comically obvious right around happy hour… as self-congratulatory ECB economists …
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Ever wonder why the prostitutes and bankers share the same neighborhood?
Economists and central bankers tend to be less focused on what consumers pay at the grocery store because food and energy prices have historically been more volatile – remember, it’s just “noise”. However what they can’t ignore is how shoppers view inflation – i.e. inflation expectations. And food…
US jobless claims are released weekly and serve as a constant barometer for the health of the job market. Despite the volatile nature of the frequent report, it has a significant impact on the dollar, especially as the figures have recently dropped several times below the 300K mark, indicating a…
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EUR/USD: Trading the US jobless claims
