draft may say that that more needs to be done to boost demand G20 plans information hub for infrastructure projects G20 official being quoted on Bbg.. Boost demand, boost supply. Looks like they’re covering all angles! G20 currently having another hoe-down in Australia
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G20 Communique draft: Growth measures will focus on boosting supply
Some people on Wall Street just can’t seem to take Fed Chairwoman Janet Yellen at her word. The outcome of the Federal Reserve’s September meeting was clearly dovish in that it left the central bank’s easy money policies in place for a while longer. Policy makers repeated their assurance that sho…
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Market Frets Over Hawkish Dots Despite Dismissive Yellen
In the dry world of monetary policy something very significant is happening – the US interest cycle looks close to turning and when it does it will be a historic event which could further realign forex levels. Versus a basket of currencies, USD is already at its highest levels since 2010 and has …
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US interest rate cycle close to turning – could it propel USD higher?
Following three consecutive monthly gains, wholesale sales decreased 0.3% to $52.9 billion in July. Declines in five subsectors, which together represented 81% of wholesale sales, more than offset an increase in the motor vehicle and parts subsector. Excluding this subsector, wholesale sales…
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Canada Wholesale Trade, July2014
The Consumer Price Index (CPI) rose 2.1% in the 12 months to August, matching the increase in July. Prices increased in all major components in the 12 months to August. Higher shelter costs led the gain in the CPI. The indexes for household operations, furnishings and equipment, food, as well as…
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Canada Consumer Price Index, August 2014
Scotland has voted and the UK remains intact. Investors in UK can assets can breathe a big sigh of relief, with further rebound gains on Cable and a strong open on the FTSE 100. This also follows another strong day on Wall Street where the S&P 500 was around 0.5% higher. Asian markets were also…
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Cable remains volatile whilst further Euro downside is likely
“At the end of its meeting on Wednesday, the Federal Open Market Committee released a statement on policy normalization principles and plans. This statement was the result of the Committee’s discussions over recent meetings regarding ways to normalize the stance of monetary policy and the Federal…
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Fed’s Lacker: doesn’t fully support Fed exit strategy
An election campaign labelled New Zealand’s strangest, dirtiest and most dramatic, reaches a climax as voters go to the polls, though it may take days or weeks before a government is agreed. In the last month conventional policy arguments have been squeezed to the margins, with the ruling Nation…
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New Zealand prepares to vote after ‘strangest, dirtiest’ election campaign
In a sold-out, 300-seat North London theater, Kevin Rodgers recently sang the parts of four villains in Jacques Offenbach’s “Tales of Hoffmann” so well that he got both bravos and boos during a curtain call. The performance by the bass-baritone was all the more remarkable because just three mont…
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Trader Turns Opera Villain as Currency Turmoil Opens New Careers
Relief rather than euphoria. That was the instant response in the financial markets to the Scottish referendum vote. Relief that they had been spared months, perhaps years, of wrangling about what currency Scotland might use. Relief that the risk of a bank run had been avoided. Relief that there …
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UK PLC breathes easy again after Scotland’s no vote – but for how long?
BREAKING
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33 banks to repay total €19.9b in 3y LTRO funds vs. €6.0b
David Cameron has said it is time for “our United Kingdom to come together and to move forward” after Scotland voted against independence. The PM said he was “delighted” by the result, which he said settled the issue for at least a generation. He added that there was now a chance to change the…
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David Cameron sets out UK-wide changes ‘to build better future’
1.6400 is taken out and we trade down to 1.6379. There’s intraday support right around here and at 1.6365 too. As I type it all looks like it going to go and the next is the 100 h4 ma at 1.6348.
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There you go top pickers GBP/USD breaks 1.6400 as Scottish positivity wears off
A decline in gasoline prices is expected to outweigh gains in other components of the CPI in August, driving down the monthly overall index and slowing the year-over-year increase to 2.0% from 2.1% in July. Instead, the core index, which excludes the impact of volatile components such as gasoline…
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Canada CPI Preview: Gasoline Dwn, Outweighs Gains Elsewhere
The seasonally adjusted current account of the euro area recorded a surplus of €18.7 billion in July 2014 (see Table 1). This reflected surpluses for services (€12.8 billion), goods (€10.7 billion) and income (€3.6 billion), which were partly offset by a deficit for current transfers (€8.5 billion)….
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Euro area balance of payments in July 2014
U.S. Treasury Secretary Jack Lew on Friday called on the euro zone and Japan to do more to spur growth as the global economy continues to disappoint, highlighting what is sure to be a bone of contention as Group of 20 ministers gather in Australia. While lauding the strength of the U.S. economy, …
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U.S. Treasury’s Lew calls for euro zone, Japan to do more on growth
Japan’s cabinet chief speaking in Tokyo via Bloomers;
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Japan’s Suga says he wants to push ahead with Abenomics policies
The following are the intraday outlooks for EUR/USD, USD/JPY, AUD/NZD, and EUR/CHF as provided by the technical strategy team at SEB Group. EUR/USD: More buying seen above 1.2943. The move higher, and especially so if taking out 1.2943, is questioning the call for a final drop below 1.2834. The…
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Intraday Outlooks For EUR/USD, USD/JPY, AUD/NZD, EUR/CHF – SEB
Bank of England officials can get back on track. With the U.K. surviving yesterday’s Scottish independence referendum, policy makers can set aside the prospect of volatility and focus on fundamentals. The decision removes a potential source of instability that would have scuppered Governor Mark …
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Bank of England Back on Track After Scots Reject Split
Virtu Financial’s CEO Vincent Voila is not having a good year. First, his company’s IPO gets cancelled, and now he can’t unload his palatial Upper East Side mansion. In April, high-frequency trading firm Virtu postponed its plans to go public indefinitely amid the firestorm kicked off by Michael …
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Another sign it’s been a tough year for high-frequency trading
