Japan’s economy has continued to recover moderately as a trend, although the subsequent decline in demand following the front – loaded increase prior to the consumption tax hike has been observed. Overseas economies — mainly advanced economies — have been recovering, albeit with a lack…
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Monthly Report of Recent Economic and Financial Developments August 2014
Japan’s economy has continued to recover moderately as a trend, although the subsequent decline in demand following the front – loaded increase prior to the consumption tax hike has been observed. Overseas economies — mainly advanced economies — have been recovering, albeit with a lack…
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Monthly Report of Recent Economic and Financial Developments August 2014
The balance of power in the job market is shifting slowly toward employees from employers. Bob Funk sees it firsthand from his position as chief executive officer of staffing agency Express Employment Professionals. “We’re short of people in a number of cities,” he said. So he’s changing…
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Job Market Tilts Toward Workers as U.S. Enters Virtuous Cycle
The balance of power in the job market is shifting slowly toward employees from employers. Bob Funk sees it firsthand from his position as chief executive officer of staffing agency Express Employment Professionals. “We’re short of people in a number of cities,” he said. So he’s changing…
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Job Market Tilts Toward Workers as U.S. Enters Virtuous Cycle
European Central bank boss Mario Draghi came to London last month to criticise his fellow Italians. In an unusually candid speech to an audience that included Bank of England governor Mark Carney, he lambasted his fellow countrymen for wanting Brussels to become a “transfer union”, in which debts…
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Something’s got to give in Italy: better it be Draghi with a bag of cheap loans
European Central bank boss Mario Draghi came to London last month to criticise his fellow Italians. In an unusually candid speech to an audience that included Bank of England governor Mark Carney, he lambasted his fellow countrymen for wanting Brussels to become a “transfer union”, in which debts…
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Something’s got to give in Italy: better it be Draghi with a bag of cheap loans
This might seem obvious, but it’s worth repeating: European economic policy has been a complete failure. By every measure, things have been a disaster for years. Nobody is doing anything right. This coming Thursday we get the latest European GDP report, and the prognosis is really grim. Here’s…
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Europe’s Huge Failure Is About To Be On Full Display
It was called endaka — a Japanese term for currency strength that sapped the economy — and reversing it was supposed to help end deflation and stoke growth. Parts of the recipe aren’t coming out as advertised. Less than two years since Prime Minister Shinzo Abe took office and championed pol…
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Japan Tallies Weak Yen as Prices Rise Without Export Gain
The last major sell-off on Wall Street occurred so long ago that Hollywood has had time to churn out three different X-Men movies since then. To be precise, it’s been 1,042 days since the S&P 500 was last in “correction” mode, a technical term for a 10% (or greater) drop. “It’s unnatural to have g…
To finish out last week Gold exhibited signs of a rejection pattern with its last red candlestick showing a probability to head back down again. In the middle of last week it moved well away from the support level at $1290 and back up well above $1300 to a two week high above $1310 before easing…
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Gold – Looking Back Down at the Key $1290 Level
The yen nursed losses early on Monday after coming under pressure late last week as a slight easing of geopolitical tensions dampened demand for the safe-haven Japanese currency. The dollar bought 102.13 yen, having bounced off Friday’s two-week trough of 101.51. The euro fetched 136.88 yen, well…
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Yen slips as geopolitical tension eases, but sentiment fragile
On Thursday, Russia announced a ban on food imports coming from the European Union, the U.S., Canada, Australia, and Norway. Russia is the world’s fifth largest importer of food, which means we should expect price distortions stemming from excess supply. These price distortions may be pronounced…
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Economist Warns Of Extra Cheese
It looked ugly in Asia at one stage Friday but I wasn’t entirely surprised to see that Asian weakness in stocks gave way to strength by the time US markets opened. Instability is seen by many as having only a downside risk but when a market can crash and recover as US stocks have twice in a…
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Long Tails suggest Friday’s bounce might have legs
The following are the latest technical setups for EUR/USD, GBP/USD, AUD/USD, and USD/CAD as provided by the technical strategy team at Credit Suisse. EUR/USD: We stay bearish for 1.3295, followed by 1.3248/28. With prices still capped below the price and 38.2% retracement resistance at 1.3…
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Technical Setups For EUR/USD, GBP/USD, AUD/USD, USD/CAD – Credit Suisse
The most important economic events of August are behind us. The ECB meeting and the US employment data are have taken place. The purchasing managers surveys for July have already been reported. Much of the data due out in the coming days will flesh out details of what is generally understoo…
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What We are Likely to Learn in the Coming Days
Just days after the US launched a campaign that implicitly aides the current regime headed by the supposedly outgoing PM, al-Maliki, it appears that latest US intervention has already led to “unexpected” consequences, this time with the prime minister appearing to have just staged a coup moments ago…
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Coup In Iraq? Prime Minister Maliki Refuses To Step Down, Orders Security Forces On Alert
As goes the consumer, it’s often said, so goes the economy. But is it really true? The simple answer is yes. How much consumers spend accounts for up to 70% of economic activity. The more they spend, the faster the U.S. grows. The problem is, consumers don’t spend nearly as much as they used t…
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Consumers at pivot point as U.S. economy steams ahead
Weak wage growth will force the Bank of England to revise down its pay forecasts this week, as earnings continue to lag behind price rises despite the strengthening recovery. …
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Weak wage growth could force Bank to scale back forecasts
Ukraine’s military demanded that pro-Russian rebels surrender and dismissed their offer of a cease-fire, as government troops pushed ahead with a campaign to defeat the uprising in the country’s east. “If there is an initiative, it should be implemented by practical means, not only with words — …
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Ukraine Demands Surrender After Rebels Offered Cease-Fire
Investors will gauge the strength of the euro zone’s fragile economy this week as escalating conflicts in Ukraine and Iraq darken the mood globally. In stark contrast to the United States and Britain, which are growing strongly, economic output in the euro bloc is likely to have all but ground to…
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Europe’s fragile economy put to test as Ukraine, Iraq sour mood
