The Ebola trade is still intact. Shares of Tekmira Pharmaceuticals were up another 20% on Monday after gaining more than 45% on Friday after the FDA loosened a hold on the Ebola treatment in the company’s development pipeline. After closing on Thursday afternoon at $14.27 per share, Tekmira sha…
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Ebola Drug Maker Shares Are Exploding Higher Again
• GBP/JPY continues to weaken after the break of the key support at 172.38, as can be seen by the break of the rising channel. However, prices are now close to the strong support at 169.51 (see also the rising trendline and the 200 day moving average). Hourly resistances can be found at 171.92 …
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GBP/JPY- Bearish pause ahead of key support
Tragically, the inability of our institutions to impart the skills required by the emerging economy hobble not just the unemployed but employers. A reader recently offered a compelling reason why total compensation costs (wages plus benefits/payroll taxes) could rise even in a stagnant economy wi…
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Here’s Why Wages Might Rise Despite Millions of Unemployed Being Available for Work
Modest risk is being applied across the various asset classes, with investors believing that major political concerns that drove stocks lower, bond prices and the dollar higher last week have somewhat abated. The market continues to distinguish between the humanitarian crises in Gaza and Iraq, which…
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Forex Looking For Clues
The trend measure of housing starts in Canada reached 189,784 units in July compared to 185,952 in June, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts. “The trend in co…
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July 2014 Housing Starts in Canada
Jason Evans knew he had to act fast. It was 8:30 in the morning on Aug. 1, which meant the U.S. Labor Department’s monthly wage data had just been released. One day earlier, the 46-year-old co-founder of NineAlpha Capital LP, a hedge fund specializing in U.S. government debt, detected signs …
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How Bond Traders Profited Off U.S. Wage of $24.45 an Hour
The US dollar is narrowly mixed against the major currencies in quiet turnover. Global equities are taking their cues from the US recovery before the weekend. Core bond markets are a touch heavier, while peripheral European bonds are firmer. Press reports are playing up Russia decision to can…
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Quiet Start to a Quiet Week
Markets are looking to move out of correction mode and back into recovery mode now. A strong rebound was seen on Wall Street on Friday (with around 1.2% or 22 points added to the S&P 500) which came on the news that Russian troops were apparently pulling back from the border with Ukraine after…
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Euro set up for a rally against both Sterling and Dollar
Growth momentum in most major developed economies is stable although Germany and Japan both show signs of losing steam, the OECD said on Monday, as it flagged a turnaround in growth prospects for India. The Paris-based Organisation for Economic Cooperation and Development said its leading indicat…
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OECD sees stable momentum among major economies, Germany losing steam
China loosened monetary conditions last quarter at the fastest pace in almost two years, a Bloomberg LP gauge showed, testing the waning effectiveness of credit in supporting economic growth. Bloomberg’s new China Monetary Conditions Index — a weighted average of loan growth, real interest rate…
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China Loosens Monetary Conditions in Test of Credit Power
Ukrainian government forces are preparing for the final stage of recapturing the city of Donetsk from pro-Russia separatist rebels after making significant gains that have divided rebel forces, a military spokesman said on Monday. The spokesman, Andriy Lysenko, said Kiev’s forces had cut off Done…
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Ukrainian forces prepare to recapture Donetsk
British employers expect wage growth to remain weak, according to a survey of personnel managers on Monday that contrasted with other reports that salaries are set to rise at a faster pace. The report from the Chartered Institute of Personnel and Development (CIPD) showed private sector median wa…
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UK employers expect scant upturn in wages – survey
Switzerland retail sales recovered strongly in June, provisional results from the Federal Statistical Office showed Monday. Retail sales grew by real 3.4 percent year-over-year, following May’s 0.5 percent fall. In nominal terms, sales were up 2.4 percent versus 1 percent drop a month ago. Sa…
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Swiss Retail Sales Recover In June
The following are the intraday outlooks for EUR/USD, EUR/GBP, AUD/USD, and EUR/CHF as provided by the technical strategy team at SEB Group. EUR/USD: Now a confirmed bull divergence. The next attempt higher took place already on Friday (and with the passing of 1.3399 the alternative path, the sh…
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Intraday Outlooks For EUR/USD, EUR/GBP, AUD/USD, EUR/CHF – SEB
No major surprises from the global economy over the summer. The US recovery continues at a healthy clip, while the pace of the recovery of the Euro area is slower. • Core inflation remains very low in the Euro area, but is close to 2% in the US. • Des…
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What happened in the Swedish economy during the holidays?
The recession that began in the United States in December 2007 ended in June 2009. But the Great Recession is a near-worldwide phenomenon, with the consequences of which many advanced economies–among them Sweden–continue to struggle. Its depth and breadth appear to have changed the economic…
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Stanley Fischer: The Great Recession: Moving Ahead
There are no economic releases of substance scheduled today for the US or Europe, which leaves a large gap between demand for new macro insight and the existing supply. Geopolitical risk was on the march last week and demand has increased for liquidity and safety. The revival in the risk-off trade…
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3 Numbers: US Treasury yields fall, German bonds, DAX Index
Germany probably underperformed Spain last quarter for the first time in more than five years as the euro-area recovery almost ground to a halt. After leading the currency bloc out of its longest-ever recession last year, Europe’s largest economy contracted in the three months through June, acco…
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Europe’s Growth Engine Stutters as Spain Beats Germany
Japan consumer confidence improved for the third consecutive month in July, data from the Cabinet Office showed Monday. The consumer confidence index rose to 41.5 in July from 41.1 in June. The survey was conducted by the Cabinet Office on July 15 among 8,400 households. The three-sub indices …
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Japan Consumer Confidence Rises In July
Japan consumer confidence improved for the third consecutive month in July, data from the Cabinet Office showed Monday. The consumer confidence index rose to 41.5 in July from 41.1 in June. The survey was conducted by the Cabinet Office on July 15 among 8,400 households. The three-sub indices …
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Japan Consumer Confidence Rises In July
