Investors are sobering up — and they may not like what they see. For the past five years, investors have gotten drunk off the Federal Reserve’s easy-money punch bowl. The Fed’s stimulus program, known as quantitative easing or “QE,” left investors with beer goggles on. Stocks and bonds that norma…
See more here:
Wall Street’s beer goggles are clearing up. Now what?
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, and NZD/USD as provided by the technical strategy team at Goldman Sachs. EUR/USD Resistance runs fairly thick from 1.2661 all the way up to 1.2796 where a series of previous lows and 61.8% of the entire ‘12/’14 rally a…
Go here to see the original:
Technical Setups For EUR/USD, USD/JPY, GBP/USD, NZD/USD – Goldman Sachs
The price of Bitcoin fell nearly 20 percent this weekend to its lowest level of the year, prompting worries of a crash. “As the price is going down, some of us are under immense psychological stress,” one user posted on Reddit on Sunday. “Please share how you cope with it.” On Sunday afternoon…
Here is the original post:
Price of Bitcoin Tumbles
The World Bank cut its 2014-2016 growth forecasts for developing East Asia and China, and cautioned of capital-flight risks to Indonesia while growth in China is seen slowing due to policy measures aimed at putting the economy on a more sustainable footing. The Washington-based lender expects the…
Read the original:
World Bank trims China, East Asia 2014-2016 growth forecasts
Same old, same old. Treasury yields are lower (futures prices higher); USDJPY (and thus S&P futures) are higher (though 110.00 is once again offering notable resistance); and gold is getting ‘handled’ lower. The divergence between stocks and bonds from Friday’s jobs number is holding for now but it…
See the original post:
Gold Slides Near 4-Year-Low In Early Asia Trading
The dollar started the week on a strong note in early Asian trade on Monday, holding near a more than four-year high touched after an upbeat U.S. nonfarm payrolls report increased speculation that the Federal Reserve would raise interest rates in mid-2015 or earlier. Data from the Labor Departmen…
Read more:
Dollar holds near highs after upbeat U.S. payrolls data
More jobs are being advertised in Australia, indicating a gradual strengthening in Australian employment. The ANZ’s says job advertisements rose 0.9% in September, the fourth consecutive monthly rise in seasonally adjusted terms. Job advertisements are now 7.9% higher over the past year, sugge…
Read the original:
More Jobs Are Being Advertised In Australia
The TD Securities – Melbourne Institute Monthly Inflation Gauge rose by 0.1 per cent in September, following two months of flat results. In the twelve months to September, the Inflation Gauge increased by 2.2 per cent, following a 2.4 per cent increase for the twelve months to August. Due to t…
Go here to read the rest:
TD Securities – Melbourne Institute Monthly Inflation Gauge
It was one of the most extraordinary meetings in the history of the bond market. Two of the biggest-ever names in fixed-income investing, Bill Gross and Jeffrey Gundlach, fierce rivals who had never previously talked, held a secret meeting over glasses of lemonade, water, and plates of crudites…
See the original post:
Bill Gross told rival Gundlach: ‘I am Kobe, you are LeBron’
The U.S. dollar rally has much further to run, and could help out countries dealing with excessively low inflation, a report from HSBC argues. …
View original here:
Can the US dollar save the world?
The Federal Reserve sent mixed messages at its policy meeting last month — keeping “considerable time” and “significant underutilization” in its statement while releasing a hawkish interest rate forecast for 2017. This split is expected to be also clear in the minutes of the Fed meeting, will mai…
See the original post:
Split between hawks, doves to be evident in Fed minutes
Business Secretary Vince Cable said Britain’s economic growth is being hampered by stalled exports, partly as a result of the high value of sterling. “Arguably, the pound is overvalued by 10 to 15 percent on a trade-weighted basis,” Cable told a side meeting today at his Liberal Democrat party’s …
More here:
Cable Says Pound Overvalued 10, Holding Back Exports
China’s central bank said on Sunday it will use various monetary tools to maintain adequate liquidity and reasonable growth in credit and social financing. In a statement to summarize the third-quarter monetary policy committee meeting, the People’s Bank of China also said it would continue to im…
See the original post:
China’s central bank vows to maintain steady credit growth
Is there a wage growth puzzle? Justin Wolfers says there is, and uses this picture: to claim: This puzzle isn’t entirely new, as the usual link between unemployment and the rate of wage growth has totally broken down over recent years. The recent data have made a sharp departure from t…
See the rest here:
Is There a Wage Growth Puzzle?
We expect this EUR depreciation trend to be a multi-year one, returning EURUSD to lows not seen in over a decade. As a market consensus develops around this idea, we expect already negative hedging costs at a multi-year horizon to accelerate the EUR’s slide as long-term investors and corporates…
Read more here:
EUR/USD Heading To Lows Not Seen In Over A Decade – Barclays
World policymakers gather in Washington later this week to ponder how to sustain economic recovery at a time when the United States is about to turn off its money taps. Given the same G20 finance ministers and central bankers met in Australia only two weeks ago it is not hard to guess how the deb…
Remember Greece: the country that in 2010 launched Europe’s sovereign solvency crisis and the ECB’s own helpless attempts at intervention, which later was “saved”, only to default shortly thereafter (but without triggering CDS as that would end the Eurozone’s amusing monetary experiment and collapse…
A leading member of German Chancellor Angela Merkel’s Bavarian sister party criticised European Central Bank chief Mario Draghi on Saturday, saying he was turning the institute into a “junk bank” with his plans to buy debt rated as junk. In a stinging attack, Hans Michelbach of the Christian Soc…
View post:
Merkel ally says Draghi turning ECB into a ‘junk bank’
EUR/USD had its moments of recovery, but eventually closed the week at new lows. Is the round number of 1.25 a bottom, or just another stepping stone on the way down? Yet another speech from Draghi as well as some important German data dominates this week’s trading. Here is an outlook on the…
View original post here:
EUR/USD Forecast Oct. 6-10
Japanese Prime Minister Shinzo Abe remains “completely neutral” on whether to raise the national sales tax, Economy Minister Akira Amari said on Sunday even as he expressed concern about the strength of the country’s economic recovery. Abe faces a tough decision by year’s end on whether to raise …
Read the rest here:
Japan PM still ‘neutral’ on tax hike but recovery weak: economy minister
