The Ifo Business Climate Index for industry and trade in Germany fell to 108.0 points in July from 109.7 points last month. This marks the third decrease in succession. Assessments of the current business situation were less favourable than in June. Companies were also less optimistic about future…
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German Ifo Business Climate Index Continues to Fall
•The Index of Services increased by 3.3% in May 2014, compared with May 2013. All of the four main components of the services industries increased in the most recent month, compared with the same month a year ago. …
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UK Index of Services, May 2014
•Change in gross domestic product (GDP) is the main indicator of economic growth. GDP increased by 0.8% in Q2 2014, the second consecutive quarter on quarter increase of 0.8%. …
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UK Gross Domestic Product Preliminary Estimate, Q2 2014
German business confidence declined for a third month in July as weaker growth and escalating tensions in Ukraine and the Middle East weigh on the outlook for Europe’s largest economy. The Ifo institute’s business climate index, based on a survey of 7,000 executives, fell to 108 from 109.7 in Ju…
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German Business Climate Drops in Sign of Economic Risks
With a full-time job, no debt and a big savings account, Claudia Kuekelheim could have afforded a lot more house. Instead, the German office manager and her engineer husband used their credit to get a mortgage with predictable monthly installments they could pay more quickly. “We probably could h…
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German Thrift Damps Lending as Cheap Money Is Distrusted
U.S. auto sales in July will be the strongest for the month since 2006, and rise 9 percent from last year, automotive industry consultants J.D. Power and LMC Automotive predicted on Thursday. For the fifth consecutive month, the seasonally adjusted annualized sales rate will top 16 million new ve…
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U.S. auto sales seen rising 9 percent in July: JD Power-LMC
will make a very careful decision on sales tax hike by looking at economic situation at the time; won’t go beyond year-end for FY15 budget compilation; Japanese chief cabinet sec Suga on the plans to raise sales tax again to 10% USDJPY 101.80
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Japan’s Suga says they will decide on second sales tax hike around December
The following are the intraday outlooks for EUR/USD, EUR/GBP, and USD/JPY as provided by the technical strategy team at SEB Group. EUR/USD: Still ripe for a correction higher. A Jul1-24 bearish wave sequence may be completed (seen best with hourly observations). This together with yesterday’s c…
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Intraday Outlooks For EUR/USD, EUR/GBP, USD/JPY – SEB
Britain’s economy is set to pass a landmark on Friday when official data will probably show that it is bigger than it was before the financial crisis struck six years ago. Gross domestic product is expected to have kept up the same strong pace as in the first three months of the year, expanding …
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Britain’s economy set, finally, to recover ground lost to crisis
The mood of consumers in Germany is exceedingly robust in Jul y this year. The consumer climate not only remained at an extremely good level, but even improved slightly. Fo l- lowing a value of 8.9 points in July, the overall indicator is for e casting 9.0 points for August. Income expectat…
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German Consumers expect incomes to rise
We’ve all heard the saying, “the trend is your friend” or “trade the path of least resistance.” These phrases are used by traders that want to trade in the same direction as the overall trend. But what if we have a difficult time locating the trend? What do we do if we are uncertain about our…
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3 Simple Trade Filters That Can Improve Your Strategy
While the rest of the world recovers from the great recession of 2008-2009, Europe is stagnating. Eurozone growth is expected to be 1.7% next year. What can be done about it? One solution is a weaker euro. Earlier this month, the chief executive of Airbus called for drastic action to reduce the v…
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Germany’s current-account surplus is partly to blame for eurozone stagnation
Odd as it may sound, the fact that Huatong Road & Bridge Group dodged a default on July 23 is bad news. Until Wednesday, markets had been buzzing about the possibility the Shanxi-based builder might become the second mainland company in four months to renege on a bond payment. Then, Huatong beat …
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China’s Detour on Highway to Default
Today’s key numbers come out during the European morning, and with the markets in jubilee mode from yesterday’s good economic news, it is possible that today’s numbers provide us with a moderately positive market day to end the week. The US June durable goods orders will be published at 12:30 GMT,…
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3 Numbers: EU lending poised to rise, German Ifo sentiment, UK GDP
The dollar held gains versus the yen on Friday and the euro stood steady after rebounding from an eight-month low against the greenback as data painted a brighter picture of the U.S. and eurozone economies. The dollar was little changed at 101.76 yen after gaining more than 0.3 percent overnight …
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Dollar, euro propped up by better economic data
EUR/USD has seen a minor break into new lows for the year and more importantly closed below the 1.3476 previous low before bouncing back slightly today, notes Commerzbank. “A negative bias will remain entrenched below the 1.3580 downtrend. We target initially the 1.3426 200 week ma en route to …
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EUR/USD: Sell Bounces; AUD/USD: Bid Above 0.9330 – Commerzbank
Japan’s inflation slowed in June, highlighting the task Bank of Japan Governor Haruhiko Kuroda faces in reaching the bank’s target. Consumer prices excluding fresh food rose 3.3 percent from a year earlier after a 3.4 percent gain in May, the statistics bureau said today in Tokyo. The increase m…
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Slower Japan Inflation in June Highlights BOJ Reflation Task
Was it skill, dumb luck—or something more sinister? That’s what traders are asking about a big, longshot bet on Sodastream that returned some 3,000 percent in just two hours. Two minutes before 10 a.m. ET on Thursday, one options trader bought 500 weekly 30-strike calls in Sodastream for 15 cents…
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Sodastream trader makes 3,000% profit in two hours
Optimists continue to significantly outnumber pessimists but overall business confidence continues to wane. A net 40% of firms are optimistic about general prospects, down 3 points on the month prior. The latest fall is marginal stuff in the overall scheme of things, but confidence is now 31 p…
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ANZ Business Outlook – Trickle-down
The relative disappointment of H1 US growth will fade, leading to more optimistic outlook for the US economy in H2. The crescendo of this disappoint was confirmation that the US economy shrank -2.9% in Q1, keeping both US rates and the USD lower throughout much of 2014. The combination the lower-for…
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USD: Patience For Big Lift Off: Outlook & Forecasts – Credit Agricole
