Given the wave count in the EUR/USD, the main question currently is whether the long-term downtrend towards 1.2418 (Fib.-projection) and 1.2217 (weekly trend) has been resumed or whether we are missing another corrective leg up (c-wave) to the projected and internal wave 4 target at 1.2959 (int. 38…
I have been buried the past few weeks. So blogging has been, and will be, at least for a little longer, light. That said, I have trouble letting an FOMC meeting pass without at least few words before and after – even if there already exist broad agreement on the outcome. The general expectation …
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FOMC Meeting
Sweden’s central bank rejected calls for unconventional policy measures after venturing into uncharted territory and cutting its main interest rate to zero. “We think that will be enough,” Governor Stefan Ingves said today at a press conference in Stockholm. “But if the world turns out completely…
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Riksbank Rejects Calls for QE After Resorting to Zero Rate
Less money, fewer problems. That may be Bill Gross’s new mantra, as he embarks upon a new chapter of his storied fixed-income career. Gross was rumored to be making $200 million annually when he managed the $200 billion plus Total Return Fund PTTRX, +0.00% at Pimco, according to a 2012 New York …
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Bill Gross likely took a big pay cut to join Janus
Michel Howald just lost his job of 36 years at a graphic design and packaging company. He expects it may be some time before he finds another. “They told me at my age, I wouldn’t be able to find a job in France,” the 57-year-old said as he left the unemployment (UMRTEMU) office in Saint-Genis-Pou…
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Europe’s Glacial Growth Lowers Prospects for Job Seekers
Japan is the petri dish for the struggle against the secular stagnation that is now gripping most major developed economies. And, notwithstanding all of the fanfare surrounding “Abenomics,” Japan’s economy remains moribund. In the six quarters of Shinzo Abe’s latest stint as prime minister,…
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Last Chance for Japan?
My appointment to the Bank of England was announced in July 2013, at about the same time we first had official data in showing the UK economy growing strongly. I joined almost exactly a year ago on 1 November, shortly before the inflation data for October came in showing a 0.5pp drop to 2.2%, th…
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Cunliffe: Monetary policy one year on
Fall, curiously, has never been viewed as a great season for investing. Historically, the stock market tends to see a decline in September, and it’s generally considered the worst month performance-wise for stocks. Meanwhile, the biggest stock market crashes — Black Tuesday in 1929 and Black Mond…
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7 mental biases that could impact how you invest
Demand for U.S.-made capital goods recorded its biggest drop in eight months in September and the pace of house price gains moderated in August, suggesting some cooling in economic growth in the third quarter. The economy, however, remains on solid ground as other data on Tuesday showed consumer …
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U.S. capital spending falls; consumer spending robust
The Federal Reserve will likely end its bond-buying program this week but show little inclination to begin raising interest rates any time soon. Investors will be watching closely for even minor changes in the central bank’s language—in particular its description of the economy and guidance on the…
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The Fed’s October Meeting
Consumer confidence advanced in October as Americans enjoyed further price drops at the gas pump and the job market continued to improve. The Conference Board’s index climbed to 94.5 this month, the highest since October 2007, from a September reading of 89 that was stronger than initially estim…
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Consumer Confidence in U.S. Increases to a Seven-Year High
Who can forget China’s ghost city of Ordos: back in late 2009, when the hollow shell behind China’s torrid growth was first revealed to the world, the city near China’s Mongolia border was cooler talk for weeks. Fast forward five years later, and Ordos is all but forgotten, having been eclipsed by a…
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China "Ghost Town Index" – Here Are China’s 10 "Ghastliest" Cities
The pair has moved above the low from 2013 at the 1.2746 and 1.2757 levels respectively. These levels were breached last week on the way to the high price at the 1.2839 but later gave way on the move back lower (see daily and hourly charts). The market is slowed in against this area currently, but…
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EURUSD buyers stay in control. Weak data helps ahead of FOMC tomorrow
The Conference Board Consumer Confidence Index®, which had decreased in September, rebounded in October. The Index now stands at 94.5 (1985=100), up from 89.0 in September. The Present Situation Index edged up from 93.0 to 93.7, while the Expectations Index increased sharply to 95.0 from 86.4 in…
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The Conference Board Consumer Confidence Index Rebounds
OPEC’s glory days of steering global oil prices may be at an end. U.S. shale oil will replace the Organization of the Petroleum Exporting Countries as the first-mover “swing producer,” according to a Goldman Sachs report from the weekend—meaning OPEC is losing its power to set global prices for c…
Home prices in 20 U.S. cities rose at a weaker pace in the year ended in August as borrowing standards remain tight and wage gains fail to accelerate. The S&P/Case-Shiller index of property values increased 5.6 percent from August 2013, the smallest gain since November 2012, after rising 6.7 per…
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Home Prices in U.S. Show Slower Year-to-Year Increase in August
Data through August 2014, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, continue to show a deceleration in home price gains. The 10-City Composite gained 5.5% year-over-year …
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Home Price Gains Fade Further According to the S&P/Case-Shiller Home Price Indices
Here they are: the most important charts in the world. A lot has changed since the last time we published this collection back in July. The economic situation in Europe has deteriorated, the unemployment rate in the US has fallen below 6%, and the Fed looks poised to conclude its quantitative …
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Wall Street’s Brightest Minds Reveal The Most Important Charts In The World
Orders for durable goods unexpectedly dropped in September for a second month as demand for machinery and computers slumped. Bookings for goods meant to last at least three years decreased 1.3 percent after falling 18.3 percent in August, a Commerce Department report showed today in Washington. T…
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Durable Goods Orders in U.S. Decrease for Second Straight Month
One of the more infamous and misunderstood market signals is the magazine-cover indicator. Created by Paul Macrae Montgomery, this contrary indicator essentially tells us when some investment theme or fad has reached a crescendo. The thinking goes that by the time the editors of Time find out about…
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Investment Signals in a Magazine Cover
