The following are the intraday outlooks for EUR/USD, GBP/USD, USD/CAD, and NZD/USD as provided by the technical strategy team at SEB Group. EUR/USD: Buyers keep responding. Yet another lower ‘shadow’ marks support below 1.3450 and highlights the potentially bullish divergence between the trend …
View post:
Intraday Outlooks For EUR/USD, GBP/USD, USD/CAD, NZD/USD – SEB
As the continual downturn in volumes for many firms has prevailed into the second half of 2014, one particular firm is demonstrating that it is still possible to remain efficient and profitble. On this basis, retail online CFD and FX trading firm Plus500 (LON:PLUS) has today announced its interim…
Here is the original post:
Plus500 releases trend-bucking H1 results with net profit up a staggering 249%
As the continual downturn in volumes for many firms has prevailed into the second half of 2014, one particular firm is demonstrating that it is still possible to remain efficient and profitble. On this basis, retail online CFD and FX trading firm Plus500 (LON:PLUS) has today announced its interim…
Here is the original post:
Plus500 releases trend-bucking H1 results with net profit up a staggering 249%
The Bank of England’s governor, Mark Carney, was accused by a member of the House of Commons Treasury select committee in June of behaving like an “unreliable boyfriend” by giving mixed messages on whether the first rise in interest rates for five years will come in 2014 or 2015. So when Carney p…
View original post here:
Bank of England inflation report – what to watch for
In July 2014, the Consumer Prices Index (CPI) decreased by 0.3% after it remained almost unchanged during the last three months. It grew by 0.5% in the year to July 2014, as in June 2014, after +0.7% in April and May 2014. Excluding tobacco, the CPI rose by 0.4% in the year to July 2014. This dec…
See original here:
French Consumer price index – July 2014
Wednesday is another busy day for economic releases, starting with fresh data on the UK labour market, which will be carefully reviewed for more clues on anticipating the Bank of England’s plans for rolling out the first interest rate increase. Meanwhile, the monthly update on Eurozone industria…
Continued here:
3 Numbers: UK wages growth set to fall − EU output, US retail sales
As reported by the Federal Statistical Office (Destatis), the selling prices in wholesale trade decreased by 0.7% in July 2014 from the corresponding month of the preceding year. In June 2014 and in May 2014 the annual rates of change were –0.8% and –0.9%, respectively. From June 2014 to July 2014…
Read more here:
German Wholesale prices in July 2014: –0.7% on July 2013
Consumer prices in Germany rose by 0.8% in July 2014 compared with July 2013. In June 2014, the inflation rate as measured by the consumer price index was +1.0%. The rate of price increase thus was down again in July 2014. A lower rate of inflation was last measured in February 2010 (+0.5%)….
Original post:
German Consumer prices in July 2014: +0.8% on July 2013
China’s industrial-output and fixed-asset investment growth unexpectedly slowed last month, putting a recovery at risk as the government copes with a property slump and rising bad loans. Factory production rose 9 percent from a year earlier, the National Bureau of Statistics said today in Beijing…
Read more here:
China Industrial-Output Growth Slows in Sign Recovery at Risk
Technical Analysis can bring a significant amount of value to a trader. While no indicator or set of indicators will perfectly predict the future, traders can use historical price movements to get an idea for what may happen in the future. A key component of this type of probabilistic approach…
View post:
How to Measure Volatility
Derivatives that helped inflate the 2007 credit bubble are being remade for a new generation. JPMorgan Chase & Co. is offering a swap contract tied to a speculative-grade loan index that makes it easier for investors to wager on the debt. Goldman Sachs Group Inc. is planning as much as 10 billio…
Read more:
JPMorgan Joins Goldman in Designing Derivatives for a New Generation
Approaching a historic turn in U.S. monetary policy, Janet Yellen has staked her tenure as chair of the Federal Reserve on a simple principle: she’d rather fight inflation than another economic downturn. Interviews with current and former Fed officials indicate that Yellen and core decision-make…
View post:
Yellen resolved to avoid raising rates too soon, fearing downturn
The S&P 500 is up an incredible 190% since its March 2009 lows. It’s up a whopping 50% since the beginning 2012. In a new 34-page note titled “Transitioning To Lower Returns,” Barclays’ U.S. equity strategist Jonathan Glionna writes that those years of awesome returns are behind us for now. “U.S…
See the original post here:
Wall Street Stock Market Strategist Warns The Party’s Over
Following on its yesterday’s note on USD/JPY (see here) and looking through a number of JPY crosses, CitiFX Technicals finds that there are a lot of levels that have held suggesting broader JPY weakness may be seen in the near term. In AUD/JPY, Citi notes that it held the converged 200 day movi…
See the rest here:
JPY Crosses Begin To Look Interesting: Levels & Targets – Citi
Chinese banks made 385.2 billion yuan ($62.53 billion) worth of new yuan loans in July, slowing sharply from the previous month and well below market forecasts, central bank data showed on Wednesday. Banks had been expected to extend 727.5 billion yuan of new loans, according to a Reuters poll, d…
View original post here:
China July new bank loans 385.2 bln yuan, well below forecast
Brent crude fell to the lowest in 13 months as the International Energy Agency said a supply glut was shielding the market against threats in the Middle East. West Texas Intermediate also declined. Brent dropped the most in four weeks. The IEA cut projections for demand growth this year and next …
View original here:
Brent Oil Sinks to 13-Month Low as Global Supplies Climb
A former Massachusetts Institute of Technology professor and his son agreed to plead guilty to running a $500 million hedge-fund scam that was uncovered by investigators probing Bernard Madoff’s Ponzi scheme. Gabriel Bitran, who was a professor and associate dean at MIT’s Sloan School of Manageme…
View original here:
Ex-MIT Professor, Son to Plead Guilty in Hedge Fund Scam
Consumer confidence has picked up since May’s unpopular Federal budget, though it remains below the highs seen after the coalition swept to power last September, according to the latest Westpac-Melbourne Institute Index of Consumer Sentiment. …
Here is the original post:
Australia consumers looking more upbeat in July
Japan’s economy contracted sharply in the second quarter, data on Wednesday showed, as a nationwide consumption tax that took effect in April dragged on its recovery. Gross domestic product (GDP) shrank an annualized 6.8 percent in the three months ending in June, compared with a Reuters forecast…
