The following are the intraday outlooks for EUR/USD, USD/JPY, GBP/USD, and EUR/CHF as provided by the technical strategy team at SEB Group. EUR/USD: Triangle case running out time? Eight out of the past nine trading days the market has been pushing prices below 1.3360 but not on one single occa…
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Intraday Outlooks For EUR/USD, USD/JPY, GBP/USD, EUR/CHF – SEB
Nice to be back after the 3-week holiday just to find the major FX cross, the EURUSD, exactly at the same level! But the short positions in EUR are now largest since spring 2012, the peak of the European crisis, before Draghi’s famous “whatever it takes”. The USD bulls didn’t waste their time -…
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So far, not so far
Monday is a slow day for economic releases, with the main event for the US turning on the monthly update on sentiment in the home building industry — a number that will be read to see if it offers any clues regarding the influential report on new residential construction, which is due for release on…
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3 Numbers: US housing faces headwinds, US 10-Year yields, EURUSD
reduces threshhold for moving rouble corridor to $350m from $1bln won’t intervene when rouble inside corridor plans to complete shift to free floating rouble this year doesn’t see immediate or significant effect on rouble rate Just out on central bank website Heads up for all yo…
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Russia widens rouble basket range to 9 roubles from 7
Investors that chose to fight the Bank of Japan’s effort to drive down sovereign bond yields are missing out on the best risk-adjusted returns in two decades. JGBs returned 2.6 times the market’s volatility this year on an annualized basis, poised for the best year since 1993, according to data …
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Fighters of BOJ Missing Safest Returns Since 1993
Investors that chose to fight the Bank of Japan’s effort to drive down sovereign bond yields are missing out on the best risk-adjusted returns in two decades. JGBs returned 2.6 times the market’s volatility this year on an annualized basis, poised for the best year since 1993, according to data …
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Fighters of BOJ Missing Safest Returns Since 1993
China’s new home prices fell in July from June for a third straight month and price softness spread to more major cities, underlining a worsening property downturn despite efforts by many local governments to shore up the sector. “The uncertainties on the outlook of the property market have kept …
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China home prices fall for third straight month in July
A deepening gloom across the largest developed economy to escape recession during the global financial crisis is shaping up as one of the toughest challenges yet for Reserve Bank of Australia chief Glenn Stevens. Australia’s misery index — the sum of unemployment and inflation rates — is at 9.0…
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Misery in Australia Rises to Highest Level Since 2008 in Challenge to RBA
The world’s corporate giants are poised to tap into record cash reserves and possibly embark on a long-awaited spending spree, fuelling hopes of a massive boost to the global economic recovery. …
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The World’s Biggest Companies Have Amassed $7 Trillion In Cash
Credit Suisse helped put together billions of dollars in securities that were issued by offshore investment vehicles and then sold to retail customers of Portugal’s Banco Espirito Santo SA , the Wall Street Journal reported Sunday. In the article in its online edition, the newspaper cited corpora…
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Credit Suisse played role in Espirito Santo collapse
China attracted $7.81 billion of foreign direct investment in July, down 16.95% from a year earlier, the Ministry of Commerce said in a statement Monday. The figure was down from June’s $14.42 billion, which was 0.2% higher from a year earlier. FDI in the January-July period fell 0.35% on year…
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China July Foreign Direct Investment -16.95% on Year at $7.81 Billion
Only one female executive made it to the top-earner list of Japan’s Nikkei 225 companies last year. She is an American who lives in New York. Nicole Seligman, president of Sony Corporation of America and Sony Entertainment Inc., is the only female among 185 executives who earned 100 million yen (…
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Top Paid Nikkei 225 Female Executive Shows Japan Gender Hurdles
Australian new vehicle sales eased back in July following a strong June to be almost flat on the same time last year, though demand for sports utilities remained red-hot. Monday’s data for the Australian Bureau of Statistics showed 93,479 new vehicles were sold in July, seasonally adjusted, down …
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Australia new vehicle sales pull back in July-ABS
China’s new home prices fell for a third straight month in July, according to Reuters calculations of official data released Monday. Prices nationwide fell an average 0.9 percent on month, following a 0.5 percent fall in June On an annual basis, prices rose 2.5 percent, compared with a 4.2 per…
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China new home prices fall for a third month in July
Asian stocks edged up early on Monday after seeing Wall Street recover from the latest round of tensions in the Ukrainian crisis, while the dollar was on the back foot against the safe-haven yen, weighed by a slide in Treasury yields. MSCI’s broadest index of Asia-Pacific shares outside Japan was…
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Asia shares up after Wall St recovers from Ukraine-driven slide
In its February 2014 Inflation Report the Bank of England’s Monetary Policy Committee argued that the outlook was “for only modest rises in wages”. The Bank’s chief economist at the time, but now mercifully departed, Spencer Dale, who was in charge of the forecast, explained that “we expect real…
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Blanchflower: BoE now admits pay growth is going to be poor
German 10′s fell below 1%, US treasuries made fresh one year lows with the 10′s dropping to 2.35% but stocks in the US recovered suggesting the European weakness will be washed away once markets open this afternoon/evening. There is no underestimating the import of this move in bonds for…
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The gap between bond and stock reality grows – will Forex traders notice?
German 10′s fell below 1%, US treasuries made fresh one year lows with the 10′s dropping to 2.35% but stocks in the US recovered suggesting the European weakness will be washed away once markets open this afternoon/evening. There is no underestimating the import of this move in bonds for…
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The gap between bond and stock reality grows – will Forex traders notice?
This is going to be a big week for the Federal Reserve. On Wednesday, the Fed will publish the minutes of its July Federal Open Market Committee (FOMC) meeting, which should offer some color regarding the Fed’s view on the labor market. On Friday, Fed Chair Janet Yellen will speak at Jackson Hol…
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Get Ready For Jackson Hole — Here’s Your Preview Of This Week’s Big Economic Events
This is going to be a big week for the Federal Reserve. On Wednesday, the Fed will publish the minutes of its July Federal Open Market Committee (FOMC) meeting, which should offer some color regarding the Fed’s view on the labor market. On Friday, Fed Chair Janet Yellen will speak at Jackson Hol…
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Get Ready For Jackson Hole — Here’s Your Preview Of This Week’s Big Economic Events
