RBA Stevens: One area of concern is investor housing finance growth. Open to using macroprudential tools – and that’s the kind of thing we have in mind right now. Says sceptical about macroprudential tools as a panacea. – Finally getting some comments from RBA governor Stevens The RBA referred…
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RBA Stevens: One area of concern is investor housing finance growth
– EUR/USD is on the backfoot as it dipped towards current Asian low at 1.2765 after having opened at 1.2780; the pair is vulnerable to a further move lower as there are no sights that bears are exhausted. Draghi runs the show Draghi’s comments from his interview to Lithuanian paper made a spla…
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EUR/USD heading towards 2013 lows at 1.2745 on Draghi’s comments
AUD/USD is testing support levels around 0.8821-48 which do not appear strong enough to limit the downtrend, notes CitiFX Technicals. “Beyond this range of supports, the January low is likely to be tested at 0.8660 which was the level from where we rallied to hold and turn from the 76.4% retrac…
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Blizzard Of Oz: AUD Technical Settings Across The Board – Citi
Says he expects “modest growth” in euro zone in second half ECB remains fully determined to counter risks to medium-term inflation outlook ECB ready to use additional unconventional instruments within mandate, alter size or composition of unconventional interventions if necessary Sys “unacceptabl…
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ECB Draghi comments on the wires – ready to use additional measures
Japan Prime Minister Shinzo Abe is running out of policy options to extend a rally that sent stocks to a six-year high, according to Goldman Sachs Group Inc. Investors have largely factored in more share-buying by the nation’s $1.2 trillion Government Pension Investment Fund and further fiscal an…
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Goldman Sees Japan Stocks Dropping as Abe Runs Out of Tools
The Reserve Bank considers the level of the exchange rate is unjustified and unsustainable, and that it is susceptible to a significant downward adjustment, Governor Graeme Wheeler said in a statement today. Mr Wheeler said the Bank would welcome a move towards a more sustainable exchange rate le…
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Why the NZ exchange rate is unjustified and unsustainable
New-home sales in August reached the highest annualized pace since 2008. But many builders and economists still expect sales for this year to underwhelm, ultimately either matching or only slightly exceeding last year’s level. The reason lies in the difference between the volatility of monthly ho…
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Not So August: Builders, Economists Still See Mediocre New-Home Sales in 2014
In the markets, you never get hit by the bus you can see. There is always a miscalculation or unintended consequence that challenges the status quo. So as the Federal Reserve contemplates its exit from economic stimulus, investors should ask: What is the bus that the Fed cannot see? Your answer to…
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Will the Fed’s exit be fast and furious?
In the markets, you never get hit by the bus you can see. There is always a miscalculation or unintended consequence that challenges the status quo. So as the Federal Reserve contemplates its exit from economic stimulus, investors should ask: What is the bus that the Fed cannot see? Your answer to…
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Will the Fed’s exit be fast and furious?
Asian stocks rose early on Thursday, cheered by a sizeable overnight rebound on Wall Street, while the dollar resumed its advance after upbeat economic data undercut safe-haven bids and pushed yields higher. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.1 perce…
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Asia cheered by Wall St. rebound, dollar resumes advance
Asian stocks rose early on Thursday, cheered by a sizeable overnight rebound on Wall Street, while the dollar resumed its advance after upbeat economic data undercut safe-haven bids and pushed yields higher. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.1 perce…
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Asia cheered by Wall St. rebound, dollar resumes advance
USA! USA! USA! As data for China, Australia and Europe points to weaker growth the US dollar is rising once more as the data highlights the increasing divergence between its outlook and the rest of the world, especially europe. Indeed the big dollar swept the Euro lower after the data from the…
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US dollar crushing Euro as commodity bloc improves
USA! USA! USA! As data for China, Australia and Europe points to weaker growth the US dollar is rising once more as the data highlights the increasing divergence between its outlook and the rest of the world, especially europe. Indeed the big dollar swept the Euro lower after the data from the…
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US dollar crushing Euro as commodity bloc improves
British car production fell by more than 20 percent in August because of the timing of holidays and repairs to a major plant but output so far in 2014 remains ahead of last year, an industry body said on Thursday. Car production fell last month by 22 percent, with 71,000 cars built in Britain aga…
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Summer shutdowns pull UK car production 20 percent lower in August
ANZ workers are voting on whether to strike as the banking industry celebrates another quarter of record profits. First Union said union members at ANZ were voting on a national strike ballot, while some branches had already started strike action. The union’s retail and finan…
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ANZ workers consider striking
The Reserve Bank revealed in last week’s minutes of its September interest rate-setting meeting that it was increasing its scrutiny of Australia’s hot housing market. Now it has explained what that means. It doesn’t think housing is in a speculative bubble that will end in tears. It does see cond…
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Reserve Bank stirred but not shaken by housing boom
The Dow Jones FXCM US Dollar Indexmay be on the verge of a correction lower as negative RSI divergence points to ebbing bullish momentum. Near-term support is at 10931, marked by a rising trend line set from set from late August, with a break below that on a daily closing basis exposing the 14.6%…
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US Dollar Technical Analysis: Pullback May Be in the Cards
Oil driller Continental Resources Inc has been revising its corporate history in ways that diminish the publicly traded company’s accomplishments under CEO Harold Hamm, part of a legal strategy that might help Hamm avoid the largest divorce award in U.S. history. Downplaying his role in Continent…
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Oil company rewrites its history, may aid founder’s divorce case
The Federal Reserve should reformulate key policy language on keeping interest rates low for a “considerable time,” the president of the Cleveland Fed said on Wednesday. Loretta Mester, a voting member of the Federal Open Market Committee, said the controversial phrase is too reliant on the calen…
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Fed’s Mester calls for key ‘considerable time’ language to be reformulated
The USD is continuing its strong bull trend; however, evidence says that it’s time to shift focus away from selling EUR and focusing on selling GBP, says Bank of America Merrill Lynch. For starters, BofA notes that EUR/USD is now pushing into a strong band of support between 1.2787/1.2694 as ev…
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Selling EUR/USD Or Selling Cable: Levels & Targets – BofA Merrill
