Japan’s trade deficit increased despite a positive growth in exports that could not overcome the rise in imports. A weaker currency gave exporters a boost but also made imports more expensive. Even with lower energy prices the growth in imports increased the deficit. The USD/JPY broke through the…
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USD/JPY Back to Fundamentals
Interest in next week’s two-day Federal Reserve meeting has intensified after last week’s extreme market gyrations. And views are quite diverse on Wall Street about what is likely to emerge. When it first gave the timetable for an orderly exit from its third round of quantitative easing, the Fed …
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Here’s What the Fed Will Do
Interest in next week’s two-day Federal Reserve meeting has intensified after last week’s extreme market gyrations. And views are quite diverse on Wall Street about what is likely to emerge. When it first gave the timetable for an orderly exit from its third round of quantitative easing, the Fed …
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Here’s What the Fed Will Do
A busy week ahead in the markets, where the US and eurozone are expected to provide the most interest from an economic standpoint. The US FOMC announcement will no doubt be one of if not the main event of the week, when markets look out for a potential end to asset purchases. In the eurozone, the…
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Weekly market preview – 27 October 2014
Having trouble getting out of bed in the morning because it’s so dark? Well, fear not, soon you’ll be seeing the sun earlier, because it’s nearly time to “fall back,” and move our clocks back an hour to Standard Time. If you live in Europe, you’ll move back to Standard Time on Sunday, Oct. 26, in…
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When do we turn back the clocks an hour?
Quantitative easing may turn out to be a gift that keeps on giving for the U.S. economy. As the Federal Reserve prepares to end its third round of bond buying next week, the central bank plans to hang on to the record $4.48 trillion balance sheet it has accumulated since announcing the first roun…
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Fed’s $4 Trillion Holdings to Boost Growth Beyond End of QE
Christina Di Mauro Kelly has accused her husband, Sage Kelly, of urinating and defecating in the bed and on the floor of their homes after drug and alcohol binges. In his court papers, Sage Kelly denied the allegations and blasted his wife as a liar. They are in the midst of a bitter divorce that…
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Investment banker’s estranged wife accuses him of cocaine abuse, orgy in divorce suit
France and Italy renewed their commitment to reform their economies on Friday in the hope of winning more time to bring their public finances in order but the ECB’s president warned more needed to be done to avoid “a relapse into recession”. After the bloc’s revival came to a halt in the second q…
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ECB’s Draghi tells euro zone more needed to avoid another crisis
A spokesman quoted by Reuters: •Draghi did not speak of deflation •Draghi says EU budget rules must be credibly upheld as policy anchor •Countries with fiscal space should consider stimulating demand
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Draghi repeats ECB ready to use other unconventional measures if needed – spokesman
The Transports are on a tear, and that’s good news for all equity investors. Since the stock market’s lows last week, the Dow Jones Transportation Average DJT, +0.32% the formal name for the Transports, has been one of the strongest of the broad-market averages, gaining 10%. That’s nearly triple …
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This stock market index is almost like a crystal ball
Twenty-five lenders in the European Central Bank’s euro-area bank health check are set to fail the regulator’s Comprehensive Assessment, according to a draft communique of the final results, seen by Bloomberg News. One-hundred-and-five banks are shown passing the review, according to the draft st…
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ECB Set to Fail 25 Banks in Review, Draft Document Shows
Purchases of new homes in the U.S. were little changed in September after the prior month was revised down, showing an uneven recovery that will limit how much residential real estate contributes to growth. Sales (NHSLTOT) rose 0.2 percent to a 467,000 annualized pace from a 466,000 rate in Augus…
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Sales of New U.S. Homes Little Changed After August Revised Down
Last year Madrid’s city and regional governments sold almost 5,000 rent-controlled flats to private equity investors including Goldman Sachs and Blackstone. At the time, the tenants were told their rental conditions would remain the same. But as old contracts expire, dozens of people have receive…
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Why Madrid’s poor fear Goldman Sachs and Blackstone
Technical Sentiment: Bullish Key Takeaways •Higher swing low formed on 61.8% Fibonacci Retracement at 112.11; •CHF/JPY buyers face strong resistance at 113.50; •Possible targets include 114.12 and 114.80. Swiss Franc is showing strong bullish intentions against Yen as short positions unwind at …
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Swiss Franc Eyes Further Upside Against Yen
The National Bank of Belgium’s business barometer increased very slightly in October. Compared with the previous month, the confidence indicators hardly moved in the manufacturing industry and the trade sector. The economic climate in the building industry clearly firmed up. In this branch of ac…
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Little change in business confidence in October
With the results of Europe’s annual AQR, aka Stress Test, due out on Sunday, most had been expecting that despite some rhetoric that various brand name banks may fail, that it would be largely more of the usual: puff. That, however, may not be the case, and as Bloomberg just reported, a whopping 25…
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25 Banks Said To Fail European Stress Test, 10 In Talks On Capital Shortfall
China’s benchmark stock index posted its biggest weekly loss in four months amid concerns new share sales are diverting funds from existing equities and a slowing economy is hurting profits. Great Wall Motor Co., the biggest Chinese maker of SUVs, slid 6.7 percent in Shanghai after third-quarter …
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China Stocks Post Biggest Weekly Loss in 4 Months on IPO Concern
BREAKING
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Nikkei news BOJ will stick to its bullish inflation outlook when it meets next week
EU finance finance ministers have agreed to David Cameron’s call for emergency talks after the UK was told it must pay an extra £1.7bn. Mr Cameron interrupted a meeting of EU leaders in Brussels to express dismay at the demand for the UK to pay more into the EU’s coffers on 1 December. He told…
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EU agrees to budget talks after £1.7bn cash demand on UK
The following are the intraday outlooks for USD Index (DXY), EUR/USD, EUR/JPY, EUR/CHF and Spot Gold as provided by the technical strategy team at SEB Group. USD INDEX: Building upside pressure. With the move up from the bull flag (a break will in wave terms however not be confirmed until…
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Intraday Outlooks For DXY, EUR/USD, EUR/JPY, EUR/CHF, Gold – SEB
