Category Archives: Forex

BREAKING

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Sources report major European central bank on the bid in EUR/GBP

German unemployment fell for the first time in three months in a sign that Europe’s largest economy is gathering pace after a second-quarter slowdown. The number of people out of work dropped a seasonally adjusted 12,000 to 2.9 million in July, the Nuremberg-based Federal Labor Agency said today…

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German Unemployment Drops for First Time in Three Months

For equity-derivatives broker Andrew Adamson, it was a trade too good to pass up. In October, he was offered 1,000 pounds ($1,700) per square foot for his London townhouse. Other homes in the area were going for about 30 percent less. Adamson accepted it immediately. London’s housing market,…

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Londoners Cashing in Flee to Suburbs as Home Rally Wanes

The following are the intraday outlooks for EUR/USD, USD/CAD, USD/JPY, and NZD/USD as provided by the technical strategy team at SEB Group. EUR/USD: Small rebound likely. The 1.3375-50 target/support attracted some responsive buying yesterday, producing a long downside ‘shadow’ in the dailies. …

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Intraday Outlooks For EUR/USD, USD/CAD, USD/JPY, NZD/USD – SEB

Determining the “fair value” of a currency is notoriously tricky. Some analysts look at a country’s trade surplus or deficit; some at the local cost of goods or labor; and others at flows of investment capital. And whatever they conclude is a fair exchange rate, markets tend to go ahead and ignore…

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How Much Should China’s Yuan Be Worth? Consider the Big Mac

Managing risk is a concept all traders need to come to grips with when creating an active trading plan. This is especially important when trading a scalping or day trading based strategy. Market conditions can change rapidly, and when the market is moving against you, it is better to already have a…

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Pivot Points for Risk Management

In June, household consumption expenditure on goods continued to accelerate: +0.9% in volume*, after +0.7% in May. It rose over the quarter as well (+1.0%). This quarterly increase resulted mainly from a jump in consumption of energy products which occurred in May and in purchases of household…

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French Household consumption on goods increased in June (+0.9%)

Europe’s economy remains in focus on Thursday with several updates, including Eurozone data for consumer inflation and unemployment. Later, the market will focus on US jobless claims, which dropped to an eight-year low in the previous release. Keep in mind that we’ll also see fresh numbers today for…

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3 Numbers: CPI sparks Eurozone deflation fears – EU & US job reports

According to provisional results of the Federal Statistical Office (Destatis), retail turnover in June 2014 in Germany increased 0.4% in real terms and 0.6% in nominal terms compared with the corresponding month of the previous year. The number of days open for sale was 24 in June 2014 and 25 in…

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German Retail turnover in June 2014: +0.4% in real terms on June 2013

Although UK house prices recorded their fifteenth successive monthly in crease in July, the pace of growth slowed . The price of a typical home increased by just 0.1% over the month, while the annual rate of price growth moderated to 10.6% from 11.8% in June. “ The slowdown was not entire…

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UK House price growth moderated in July

The outlook for Switzerland’s (Aaa stable) banking system has been changed to negative from stable, principally because the likelihood of support for senior creditors from the Swiss government in the event of need is diminishing, says Moody Investors Service in a new report published today. Moody…

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Moody’s: Outlook changed to negative for Swiss banking system

Japan’s housing starts declined less than expected in June, data revealed Thursday. Housing starts dropped 9.5 percent year-over-year in June, a slower rate of decline than the 15 percent fall in May, the Ministry of Land, Infrastructure, Transport and Tourism said. Economists expected a 11.5 per…

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Japan Housing Starts Fall Less Than Expected In June

China should set an economic growth target of 6.5-7 percent for 2015 and refrain from stimulus measures unless the economy threatens to slow sharply from that level, the International Monetary Fund said on Thursday. Most of its directors hold that view, though some feel that an even-lower growth …

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China should set less ambitious 2015 growth target, refrain from stimulus: IMF

Ghana’s cedi, the world’s worst-performing currency this year, weakened as the government ruled out an International Monetary Fund bailout, stoking concern it will miss targets to narrow a budget deficit. The currency retreated for the first time in five days against the dollar, dropping as much …

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World’s Worst Currency Drops as Ghana Pulls Back From IMF Aid

The spigot of global reserve stimulus is slowing to a trickle. The world’s central banks have cut their purchases of foreign bonds by two-thirds since late last year. China has cut by three-quarters. These purchases have been a powerful form of global quantitative easing over the past 15 years, d…

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Global QE nears end as China beats US in bond tapering

Dan Fuss hasn’t been shy about playing in the riskier corners of the bond market during his 50 plus years in finance. But he’s becoming increasingly cautious this year, reflecting growing concerns about the state of the credit markets. Fuss’s flagship Loomis Sayles Bond Fund LSBRX -0.06% LSBDX…

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Bond market veteran is getting worried

The following are the latest technical setups for AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Commerzbank. AUD/USD: AUD/USD is under pressure in its range, the intraday Elliott counts are neutral to negative and we suspect that we are now less likely to see a reco…

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Technical Setups For AUD/USD, NZD/USD, USD/CAD – Commerzbank

Preliminary average wages data from the Ministry of Health, Labour and Welfare released Thursday. FACTORS: The total average monthly cash earnings per regular employee in Japan stood at a preliminary Y437,362 in June, up 0.4% from a year earlier, when wages rose 0.6%. It was the fourth straight y…

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Japan June Wages Up for 4th Month But Depressed In Real Terms

The FOMC tapered by another $10 bn and made no changes to their policy language, confirming expectations. The Fed marked-to-market their assessments of growth, unemployment and the downside risks to inflation, which have diminished somewhat, notes Bank of America Merrill Lynch. “However, they c…

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Fed: Less Risk, More Slack: Implications On FX – BofA Merrill

A quick look at two of this year’s hottest stocks shows that investors chasing fads could take quite a beating if they aren’t careful. Bubble, Bubble Bubble. Does that look or sound familiar? At this point in a five-year bull run, it’s no surprise to see a continual stream of articles warning of …

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This marijuana stock is 900% higher and still smoking