Recent price action suggests that GBPAUD has witnessed a significant swing low at 1.72 and for price to now move on to make new highs. The strong rejection of the 1.72 swing low appears to be a ‘V-Bottom’ and is normally associated with significant lows on stock markets (such as the GFC lows on…
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GBPAUD correction may be over; Targeting 2 AUD
Sometimes we like to talk about insider trading technique around here. This is the worst way to insider trade: Work in the information technology department of a big law firm that advises on lots of mergers. Find out about a pending deal from your work computer systems. Buy stock in one of the …
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Insider Trader Mostly Unfazed by Co-Worker’s Insider Trading Arrest
In a note to clients today, Goldman Sachs discusses its stance on EUR/USD going into tomorrow’s FOMC meeting, where GS is taking a different view from the one shared by many market participants who expect the FOMC to remove or substantially modify its forward guidance that the funds rate will stay…
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Goldman: Our Strategy Stance On EUR/USD Into The FOMC & Beyond
This is the seventh consecutive month where the growth rate in the Index has been below trend. The index continues to indicate that we can expect growth in the Australian economy to stay below trend in the second half of 2014 and into 2015. That view is consistent with the revised forecasts recen…
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Westpac leading index down again
As a trader I really want this Hilsenrath bloke – who seems to be the mouth of the Fed – to be wrong dead wrong. Why? Because the notion that one journo in the whole world gets back grounded by the fed above all others is to me a disgrace and meddles with the interaction of markets and central bank…
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Boing! Hilsenrath and PBOC signal risk on – Aussie rips higher
Volatility, which reached record lows in stocks, bonds and foreign exchange markets this year, is starting to edge higher in currencies. The slow return of volatility is good news for those concerned about financial whiplash if yield-chasing investors all rush for the exit at once. The trend that…
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Volatility Creeps Back Into the Market
Stock markets around the world rose on Tuesday, ending near session highs as investors bet that the U.S. Federal Reserve wouldn’t adjust its guidance about how soon it would raise interest rates. The Fed began its two-day policy meeting on Tuesday, and the central bank has said it wouldn’t raise …
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Stocks end higher on bet Fed won’t change rate stance
New Zealand’s seasonally adjusted current account balance was a deficit of $2.0 billion in the June 2014 quarter, Statistics New Zealand said today. This was $1.4 billion larger than the March 2014 quarter deficit. “The value of goods exports fell over a range of commodities, with dairy the most …
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Falling goods exports drive rise in New Zealand’s current account deficit
1. Consumption drives markets – your neighbor’s spending habits are for more important than your thoughts on the economy. 2. Markets and economies are as resilient as people – consider Mankind’s progress over the last 50 years. 3. It is rarely a good idea to bet against human progress — consi…
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10 Market Tips You Need To Know Before You Trade
USD/JPY’s 7 month triangle breakout is now followed by a 2014 breakout and this is all unfolding as an impulsive Elliott wave rally, notes Nomura. “From a momentum perspective, there is no divergence and it is less common to see prices meaningfully top without a negative RSI divergence. Finally…
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USD/JPY: Small Bull Triangle; AUD/USD: Bull Hammer Candle – Nomura
This is an actual headline from a company press release: “CEO and COO disappeared, most of the company’s cash missing.” (Via FastFT) In a statement, German-based shoe company Ultrasonic said its CFO, Chi Kwong Clifford Chan, has been unable to reach the company’s CEO, Qingyong Wu, and COO, Mingho…
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Shoe Company: Our CEO Just Disappeared And Most Of The Money Is Gone
Although still fragile, economic output has been rising at the fastest pace among the world’s seven most advanced economies while the labor market has been tightening sharply since last summer. However, what is still hampering a more sustainable, long-term growth is weak productivity and meager wage…
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UK jobless rate to fall; wages to pick up only slightly
SUPPORT for the Yes campaign is increasing but it still lags just behind No on the eve of Scotland’s independence referendum, an exclusive poll conducted for The Scotsman reveals today. The Yes vote stands at 48 per cent compared with 52 per cent for No, when the undecided voters are excluded, th…
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Scottish independence poll: ICM puts Yes up to 48%
The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for July 2014. The next release, which will report on data for August 2014, is scheduled for October 16, 2014. The sum total in July of all net foreign acquisitions of long-term securities, short-term U….
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Treasury International Capital Data For July
BREAKING
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Correct: Scottish Vote 48% Yes, 52% No, In ICM Poll
The first headlines showed ICM poll indicating the pro-independence side taking the lead in Scottish referendum and the pound dropped. A poll from ICM shows the Yes side ahead 52-48%. The initial headline was wrong and the No side is actually at 52%.
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Opposing headlines on ICM referendum poll send the pound for a ride
BREAKING
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Latest ICM poll: 52% Yes, 48% No
The world’s biggest banks are overhauling how they trade currencies to regain the trust of customers and preempt regulators’ efforts to force changes on an industry tarnished by allegations of manipulation. Barclays Plc, Deutsche Bank AG, Goldman Sachs Group Inc., Royal Bank of Scotland Group Plc…
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Biggest Banks Said to Overhaul FX Trading After Scandals
Domestic media (Sina) reported that the PBOC conducted RMB 500bn of Standing Lending Facility operations with the big 5 commercial banks (ICBC, BOC, BoCOM, CCB, ABC). The reports note that the duration is 3 months and the RMB 500 bn is evenly split among the banks. This amount is roughly the same as…
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Goldman’s Take On China’s "Stealth QE"
Catalan First Minister Artur Mas replied pugnaciously to the Spanish Foreign Minister in the regional parliament today: “Do not think that the march of history will be stopped like this”, said Mr. Mas, adding: “Do not be surprised if there are people in this country who think that perhaps the time…
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Spain Preparing To Suspend Regional Government In Catalonia As Mas Insists Indy Vote Will Be Held
