Gold and silver priced in USD both fell after Friday’s highly anticipated US jobs report. The US NFP data reported 248K jobs added in September, while the unemployment rate fell to 5.9%, the lowest in 6 year. This boosted the USD and naturally pulled down anything priced in the USD. As we begin a…
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Gold and Silver Approaching Key Long-term Levels
Whilst many FX companies across all sectors have spent the last few months operating very conservatively at a time when low volumes plagued their results on an ongoing basis, retail FX giant FXCM has been firmly engaged in an extensive growth program, picking up high-value client bases from other…
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FXCM implements new pricing model in the United States
Whilst many FX companies across all sectors have spent the last few months operating very conservatively at a time when low volumes plagued their results on an ongoing basis, retail FX giant FXCM has been firmly engaged in an extensive growth program, picking up high-value client bases from other…
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FXCM implements new pricing model in the United States
The European Commission is likely to reject France’s 2015 budget draft at the end of October and ask for a new one that would better reflect Paris’ deficit reduction obligations under European Union rules, several euro zone officials said. It would be the first time the EU executive exercises its…
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EU likely to reject France’s 2015 budget, ask for tighter one
The European Commission is likely to reject France’s 2015 budget draft at the end of October and ask for a new one that would better reflect Paris’ deficit reduction obligations under European Union rules, several euro zone officials said. It would be the first time the EU executive exercises its…
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EU likely to reject France’s 2015 budget, ask for tighter one
The Bank of England has today published four papers that propose changes to improve the resilience and resolvability of deposit-takers and reduce the disruption to customers and the system if a deposit-taker or insurer fails. Following recommendations made by the Independent Commission on Banking…
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Bank of England announces proposals to strengthen the financial system
The Bank of England has today published four papers that propose changes to improve the resilience and resolvability of deposit-takers and reduce the disruption to customers and the system if a deposit-taker or insurer fails. Following recommendations made by the Independent Commission on Banking…
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Bank of England announces proposals to strengthen the financial system
Gold slumped to its lowest level in 15 months on Monday, leaving investors split over the near-term outlook as it trades near key technical levels. Better-than-expected U.S. jobs data on Friday boosted the dollar and dampened safe-haven demand for gold, pushing prices to $1,183.46 on Monday. …
In October, the composite index for the euro zone falls for the third time in a row. As both the assessment of the current situation and the 6-month expectations are now clearly in negative territory, the sentix indices signal shrinking output for the euro area. And there are no positive news coming…
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Sentix: Euro zone shrinking, the world feeble
September saw a solid and accelerated decrease in eurozone retail sales, the latest PMI® figures from Markit showed. The rate of decline was the sharpest since April 2013, reflecting deepening downturns in trade in both Germany and France. Sales also continued to fall in Italy, though the rate of…
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Downturn in eurozone retail sector continues
For all their calculating nature, economists are surprisingly optimistic about humanity’s ability to have as much prosperity as it wants. Express concern about the negative impact of excessive growth on our planet’s ecosystems, and many will simply chuckle and say you don’t understand what growth…
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Economists Are Blind to the Limits of Growth
The following are the intraday outlooks for EUR/USD, GBP/USD, USD/JPY, and Spot Gold as provided by the technical strategy team at SEB Group. EUR/USD: The correction failed to play out. With the move below 1.2614 the correction case evaporated and the pair fell impulsively lower with the bigges…
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Intraday Outlooks For EUR/USD, GBP/USD, USD/JPY, Gold – SEB
profitability of exports improving on forex adjustment; firms may be unable to quickly stop output shift abroad; BOJ gov quoted from Minutes of fiscal council meeting on 1 Oct; USDJPY 109.36 just off session lows;
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BOJ’s Kuroda notes export volumes struggling to rise
Spanish Prime Minister Mariano Rajoy is battling to keep his country together, facing down Catalan separatists. Even if he wins, the standoff risks weakening the economy that the two sides are fighting over. Catalan President Artur Mas, backed by about two-thirds of the region’s lawmakers, is de…
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Catalan Standoff to Hit Spain Economy, Whoever Wins
In the “land of the rising sun,” Citi FX Technicals group warns, the sun also goes down sometimes. The present set up on the monthly and daily charts on USDJPY suggests it is time to be cautious, with real danger that we could be ‘on the cusp’ of a material correction lower for the first time in…
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Citi Warns "The Land Of The Rising Sun Is Setting"
won’t comment on specific yen levels; in general weak yen pushes up import costs and hurts small companies while exporters; Japanese PM giving us a quick lesson in basic economics; export declines have stopped due to weak yen since Abenomics introduced; hopes firms are beginni…
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Japan’s Abe says there are positive and negative effects of weak yen
Price-adjusted new orders in manufacturing in August 2014 decreased a seasonally and working day adjusted 5.7% on July 2014 (following +4.9% in July 2014 on June 2014). Domestic orders decreased 2.0% and foreign orders by 8.4%. As regards the direction of trade in foreign transactions, new orders…
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German New orders in August 2014 down a seasonally adjusted –5.7% on the previous month
“What people underestimate is that what’s at stake is the entire credibility of the rules,” warns one EU official as The WSJ reports, is preparing to reject France’s 2015 budget, that would be the biggest test yet of new powers for Brussels that were designed to prevent a repeat of the eurozone’s…
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Brussels Ready To Sanction France For EU Treaty-Busting Budget Plan
Monday is a slow day for economic releases, so today’s update on industrial orders for Germany will be the main event for macro news in Europe. Later, Sentix’s monthly report on investor sentiment for the Eurozone will likely reaffirm the deteriorating mood. We’ll also see new US data for the Co…
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3 Numbers: German factory orders sluggish, Eurozone mood, US jobs
Britain has the fastest growing economy of any developed nations, the International Monetary Fund will say this week. But the accolade, set to be announced at the annual meeting of the IMF in Washington, is unlikely to move interest rates back home. The Bank of England is expected to keep rates at…
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Britain to take crown as fastest growing economy of developed nations
