The Australian Bureau of Statistics has published a media release, noting that change to seasonal adjustment of monthly labour force estimates will be applied, resulting in revisions to the previously published July and August seasonally adjusted estimates. Media release The ABS has concluded …
Original post:
ABS to change seasonal adjustment of monthly labour force estimates
BREAKING
View original here:
Australia’s Statistics Bureau said it will revise seasonally-adjusted jobs data for July, August
Within the daily ebb and flow of financial markets, the yen’s gyrations are gaining notice as key levels get breached and traders attempt to adjust positions made irrelevant by rising volatility. During Tokyo trading yesterday, the yen was whipsawed by speculation when the Bank of Japan’s policy …
Read the original:
Yen’s Kuroda-induced gyrations show daily trader angst over 110
1. Glencore has pushed its Rio Tinto takeover aside. The Swiss-based miner and commodities trading firm said it reserved the right to make a future bid for Rio Tinto, comments which activated Britain’s Takeover Code, meaning Glencore now cannot make another bid for six months. Bloomberg yesterday…
Read the original post:
10 Things You Need To Know This Morning In Australia
Securities Journal: PBOC may expand targeted rate cuts – Just a headline crossing the Bloomberg at present, no further details as yet
See the original post here:
Securities Journal: PBOC may expand targeted rate cuts
I am a devotee of both Minsky and Mandlebrot. I strongly believe that a study of their theories of what drives markets and how the players interact is an important part of any traders necessary understanding of their craft – even if they only trade on technicals. But if I can distill the teaching…
Go here to read the rest:
The market is once again proving Minsky right – Stocks off Yen up
The U.S. stock investors turned skittish on Tuesday driving major averages to their lowest levels in months. A jarring trading day follows a serious of tough weeks in stocks marked by precipitous declines, which have left the S&P 500 sitting 3.8% lower from its peak reached just three weeks ago on…
Read more:
U.S. stocks suffer worst drop in more than two months
The ongoing setbacks in the broader USD up-trend haven’t yet scratched the latter yet so that a straight extension of the prevailing up-trend remains highly likely, says JP Morgan. Reflecting that in EUR/USD, JPM notes that after defending the key-T-junction at 1.2502 (int. 76.4 %), the market …
Read the original here:
EUR/USD, Cable: How To Spot A Stronger Recovery? – JP Morgan
The Federal Reserve could reasonably be expected to raise U.S. interest rates in mid-2015, an influential Fed policymaker said on Tuesday in a speech that cautiously predicted a rebound in U.S. economic growth and inflation. William Dudley, president of the New York Fed, pointed to the stronger …
See more here:
Fed’s Dudley sees mid-2015 rate rise, continued U.S. rebound
Euroglut: a new phase of global imbalances This report argues that both “secular stagnation” and “normalization” are incomplete frameworks for understanding the post-crisis world. Instead, “Euroglut” – the global imbalance created by Europe’s massive current account surplus will be the defining v…
Excerpt from:
Deutsche Bank’s Shocking Admission: "QE In Europe Will Be Ineffective"
A few hours after the markets close in the US on Tuesday, HSBC will report the latest round of services purchasing managers index (PMI) data out of China. The services sector is increasingly becoming the dominant space in the Chinese economy, with recent data suggested that it now accounts for mo…
Originally posted here:
Will Chinese Data Rock the Aussie?
Fed’s Kocherlakota: it’s a ‘wintry economy’ out there, will still need low rates even as U.S. strengthens
Read the original post:
Kocherlakota: Will still need low rates even as U.S. strengthens
U.S. consumer credit increased less than expected in August and growth for the prior month was revised lower, giving a cautious signal about the pace of economic expansion. Total consumer credit rose $13.5 billion to $3.25 trillion in August, the Federal Reserve said on Tuesday. The figure for Ju…
Here is the original post:
U.S. consumer credit rises less than expected in August
The NZDJPY moved lower from a peak on September 22nd and trended from 88.95 to 84.33 The comments from the RBNZ and intervention proof helped push the pair down. …
View original here:
NZDJPY Technical Analysis: Non trending transitioning to trending?
Thank you for that generous introduction, and thank you for the invitation to join you here today. This is my second trip to Rapid City since becoming president of the Federal Reserve Bank of Minneapolis five years ago, and I’m glad to be back. …
The rest is here:
Kocherlakota- Clarifying the Objectives of Monetary Policy
Following the lead taken earlier this year by large banks, retail FX firms continue to add spot precious metal trading to their armory as FXTM introduces several new instruments …
View original post here:
FXTM adds weight to increasing trend by adding precious metals and Chinese currency pairs
Even Mickey Mouse is not exempt from France’s financial troubles. Walt Disney announced on Monday a €1 billion ($1.25 billion) bailout plan to rescue its subsidiary Disneyland Paris, the Financial Times reported. The French theme park is still Europe’s top tourist destination, but it has been…
See original here:
Why Euro Disney Is A 22-Year Money-Losing Failure
I was curious to see how the press would report on the Federal Reserve Board’s new Labor Market Conditions Index. My prior was that the reporting should be confusing at best. My favorite so far is from Reuters, via the WSJ: Fed Chairwoman Janet Yellen has cited the new index as a broader gauge …
Original post:
The Labor Market Conditions Index: Use With Care
Japanese lawmakers are flagging the need for discussion of an exit strategy to a monetary policy program that’s driving the yen lower and hurting parts of the economy. “It could be important to get involved in this issue and the government should thoroughly examine it,” lawmaker Toshihiro Nikai …
See the rest here:
Japan Lawmakers Flag Need for Exit Strategy as Yen Falls
The Bank of England will need to consider raising interest rates to rein in Britain’s housing market if controls designed to curb risky lending prove insufficient to see off the threat to financial stability, the International Monetary Fund said. While suggesting that Threadneedle Street keep rat…
Originally posted here:
Booming UK housing market may need interest rate rises, IMF warns
