The AUD/USD was bearing since mid, late-July, when price fell from 0.9474 down to 0.9239 last week. Since then, traders have bid up the Aussie-US Dollar pair. The 2 main signals that the market is shifting away from the bearish outlook are: …
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AUD/USD Signals Bullish Continuation by Breaking a Trendline
U.S. natural-gas supplies rose 78 billion cubic feet in the week ended Aug. 8, the Energy Information Administration said Thursday. Analysts surveyed by Platts had expected an increase between 81 bcf and 85 bcf. Natural gas futures got a lift after the report; the September contract NGU14 +1.96% was…
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Natural gas gains after smaller supply increase
The second official GDP estimate is expected to show the UK economy kept its pace during the second quarter. But the second estimate this time will exclude GDP income data due to changes to UK National Accounts. The UK economy has been getting onto a stronger footing, with economists’ expectations…
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BoE remains dovish as UK economy expected to keep pace in Q2
New dynamics are now entering the fray. Prior to this week, capital markets were beginning to buy into the notion the Bank of England (BoE) would initiate a rate hike as early as the fourth quarter. A day and a couple of reports later, the market is focusing on the need for further stimulus to come…
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Short-EUR Position Plays Require Patience
In July, the rest of the world once again succeeded in exporting its deflation to the US, confirmed by a -0.2% drop in the Import Price Index, its first decline since April following a 0.1% increase in June, if just a fraction better than than the -0.3% consensus.This was also a 0.8% increase Y/Y,…
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US Import Prices Have First Drop Since April; Price Of Imported Cars Plunges Most Since 1992
Applications (INJCJC) for unemployment benefits in the U.S. rose more than forecast last week, interrupting a steady decline to pre-recession lows. Jobless claims climbed by 21,000 to 311,000 in the period ended Aug. 9, the highest in six weeks, a Labor Department report showed today in Washingt…
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Jobless Claims in U.S. Rise More Than Forecast to Six-Week High
The New Housing Price Index (NHPI) rose 0.2% in June, up slightly from the 0.1% gain observed in May. The increase was largely the result of higher new home prices in Ontario. The combined metropolitan region of Toronto and Oshawa was the top contributor to the June growth, with prices up 0.3% …
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Canada New Housing Price Index, June2014
U.S. import prices declined 0.2 percent in July, after increasing each of the 2 previous months, the U.S. Bureau of Labor Statistics reported today. The July decrease was driven by falling fuel prices. Prices for U.S. exports were unchanged in July following a 0.4-percent decrease in June. In Ju…
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US Import and Export Price Indexes – July 2014
EUR/GBP have broken a series of minor resistance area between 0.7930 (18/08/2014 high) and 0.8018 (27/06/2014 high), opening the way for a further short-term rise towards the strong resistance at 0.8034. Hourly supports can be found at 0.7998 (08/08/2014 high). In the longer term, the break of th…
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EUR/GBP – Surging higher through its August peaks
The Twitter account of Russia’s prime minister was hacked on Thursday. The infiltrators posted a message saying Dmitry Medvedev had resigned. The Russian-language feed, which has more than 2.5 million followers, was also filled with tweets denouncing the country’s president, Vladimir Putin. Th…
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Russian PM’s Twitter hacked, posting ‘I resign’
German 10-year bond yields fell to a record low on Thursday as disappointing economic data from the euro zone’s two largest economies bolstered bets the European Central Bank will have to ease policy again. The German economy shrank by 0.2 percent between April and June, its first contracti…
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German 10-year yields hit record lows on euro growth scare
BREAKING
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Putin: We’ll do all we can to stop conflict in ukraine
Bank of England Governor Mark Carney is gaining a reputation for upsetting the financial markets. Coming from a policymaker who championed predictability when he arrived in London a year ago, his apparently alternating signals on interest rates have left many investors perplexed. In June, he …
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Bank of England’s Carney wrong-foots investors again
The euro area’s recovery unexpectedly stalled in the second quarter as its three biggest economies failed to grow, underlining the vulnerability of the region to weak inflation and the deepening crisis in Ukraine. Gross domestic product in the three months through June was unchanged from the fir…
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Euro-Region Recovery Stalls as Biggest Economies Fail to Expand
Seasonally adjusted GDP remained stable in the euro area1 (EA18) and rose by 0.2% in the EU281 during the second quarter of 2014, compared with the previous quarter, according to flash estimates2 published by Eurostat, the statistical office of the European Union. In the first quarter of 2014, GDP…
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GDP stable in the euro area
Germany’s economy shrank in the second quarter and France again managed to conjure up no growth, data showed on Thursday, snuffing out any signs of a recovery in the euro zone which is now weighed down by tit-for-tat sanctions with Russia. Europe’s largest economy contracted by 0.2 percent on the…
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German slump, stagnant France paint dismal eurozone picture
Wall Street’s low latency bitcoin exchange and ECN is first to market with API connectivity via FIX, the financial industry’s standard trading protocol coinsetterwhite Coinsetter, NYC-based professional forex trading platform for Bitcoin and ECN, today announced the release of its institutiona…
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Coinsetter becomes first bitcoin exchange with FIX API access
The U.S. auto industry will have to offer more discounts to maintain demand as prices for used cars decline. With auto sales recovering from their recession-era slump, the industry’s supply of used cars has started to rise again, driving down prices. This in turn will pressure new-car price…
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Falling U.S. used-car prices will drive up new-car incentives
In Q2 2014, payroll employment in principally market sectors raised q-o-q (+15,300 jobs), after a decrease in the previous quarter (-21,700). Industry and construction dropped this quarter, whereas services recovered. Excluding temporary work, employment remained stable in Q2 2014 (+2,800 jobs). …
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Slight increase in French Employment in Q2 2014 (flash estimate)
The Bank of England is making emergency plans in case a yes vote in Scotland’s independence referendum threatens the stability of sterling, bank governor Mark Carney has disclosed. Carney refused to set out what the Bank’s contingency planning involved, but admitted that the disputes between the …
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Bank of England makes emergency plans in case of Scottish independence
