U.K. exports dropped in June, ending a quarter that saw the trade deficit widen to the most in almost a year. Overseas sales fell 1.6 percent from May and imports declined 0.4 percent, the Office for National Statistics said today. The trade gap for the month widened to 9.4 billion pounds from 9…
View original post here:
U.K. Trade Deficit Widened in June as Exports Declined 1.6%
•In Q2 2014 there was estimated to be no growth in construction output when compared with Q1 2014. However, the annual growth between Q2 2014 and Q2 2013 was estimated to have increased by 4.8%. …
More here:
Output in the UK Construction Industry, June and Q2 2014
•UK Trade shows the extent of import and export activity and is a key contributor to the overall economic growth in the UK. •Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £2.5 billion in June 2014, compared with £2.4 billion in May 2014. •In June 2…
Read the original post:
UK Trade, June 2014
With the Forex market showing low levels of volatility, there is a greater likelihood that prior support and resistance levels will hold when price tests those levels again. Because of this, trading a range bound strategy might yield better results, as breakouts are less likely to occur. One wa…
The rest is here:
How to Trade a Double Bottom in Forex
Leading retail forex broker FXCM (NYSE:FXCM) threw some very mixed-message numbers at the forex world today, with the announcement of their July trading volume metrics (not bad) and their Q2 financial results (not good). On the plus-side, FXCM reported higher July retail FX volumes, at $263 billi…
Original post:
FXCM sees record Institutional FX volumes in July, Retail up too
A big question at the beginning of the year was whether this would finally be the year housing contributed in a big way to economic growth. The answer so far: Nope. The good news is that the housing market wasn’t as much of a drag on the economy during the second quarter, according to last week’s…
See more here:
How Weak Is Housing? Five Charts Tell the Story
The following are the intraday outlooks for EUR/USD, USD/JPY, AUD/JPY, and EUR/CHF as provided by the technical strategy team at SEB Group. EUR/USD: Correction credentials still in place. Yesterday’s attempt to kick off an upside correction stalled already just below the first resistance, 1.339…
View original here:
Intraday Outlooks For EUR/USD, USD/JPY, AUD/JPY, EUR/CHF – SEB
In June 2014, manufacturing output went up susbstantially (+1.6%), after a fall in May (–2.3%). Output increased also in industrial production as a whole (+1.3%, after –1.6% in May 2014). Manufacturing output decreased by 1.2% over the last quarter… During the last quarter (q-o-q), output weaken…
Go here to see the original:
In June 2014, French manufacturing output increased (+1.6%)
Decline in demand after sales tax hike to fade; The presser has started but I’m not expecting anything of note although USDJPY having another little Nikkei-based wobble down to 101.58; BOJ sees weakness in exopirts and construction; expect exports to return to a gradual recovery; …
Go here to see the original:
BOJ’s Kuroda says Japanese economy to continue moderate recovery
Chinese banks are scrambling to get on top of bad debts they have downplayed for years, cutting off riskier borrowers, further tightening lending terms and, in one case, deploying teams of investigators to assess the risk of loan defaults. China’s banks keep reporting bad loan levels well below w…
View original post here:
Chinese banks get serious about risk of bad debts swell
Germany exported goods to the value of 93.4 billion euros and imported goods to the value of 77.0 billion euros in June 2014. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 1.1% and imports by 2.1% in June 2014 on June 2013. After…
See original here:
German exports in June 2014: +1.1% on June 2013
Japan’s service sector sentiment index rose to 51.3 in July, up for the third straight month, a Cabinet Office survey showed on Friday. The survey of workers such as taxi drivers, hotel workers and restaurant staff – called ” economy watchers” for their proximity to consumer and retail trends – s…
More:
Japan service sector sentiment improves in July: Government survey
The Bank of Japan kept monetary policy steady on Friday and offered a bleaker view on exports and output, in a nod to recent weak data that cast doubts over its optimistic view that the economy is continuing to recover steadily. As widely expected, the BOJ voted unanimously to maintain its pledge…
See more here:
BOJ stands pat on policy, offers bleaker view on exports
Would you ever consider living in a trailer park? If the answer is yes, would you ever consider paying a million dollars to live there? No, don’t laugh — the million-dollar trailer park is a real thing: When Chuck and Lynda Cohen decided this year to downsize from their four-bedroom Pacific Pali…
View original post here:
Trailer Homes Aren’t Just for Millionaires
Filed in the “are you kidding us” folder… Chinese exports rose an astaounding 14.5% YoY in July (the biggest surge since April 2013 and double the 7.0% YoY expectations). Chinese imports plunged 1.6% to 4-month lows, dramatically missing expectations of a 2.6% YoY gain. These miracles of goalseek…
Here is the original:
China Trade Balance Explodes To Record High As July Exports Double Expectations
BREAKING
Read more from the original source:
China’s July exports surge 14.5% vs. year earlier, blowing past estimates
The Federal Reserve has received some grief in recent years for the dominance of academics in its leadership ranks. Some critics fear that those who have spent their careers in the ivory tower lack the insight into markets available to those who have served as bankers and investors. Former Fed Ch…
View original post here:
Two Fed Officials Stake Out Different Positions on Market Levels
The Chinese yuan has rebounded to a 4-1/2-month high against the greenback amid an upswing in the world’s second-largest economy, raising the question of whether the currency can continue the trajectory even as the Fed tightens the screws on monetary policy. Since falling to year-to-date lows of …
View post:
Will the Fed throw the yuan off its uptrend?
President Barack Obama said he authorized air strikes against militants in Iraq if they threaten U.S. personnel and dispatched planes to drop food and water for trapped civilians. Obama said the U.S. will strike Islamic State militants if they move toward the Kurdish city of Erbil, where the U.S…
See original here:
Obama Authorizes Air Strikes as U.S. Drops Food in Iraq
BREAKING
Continued here:
US President Obama authorises air strikes in Iraq
