After Elizabeth I died childless in 1603, her closest royal relative James VI of Scotland came down to take the throne and unite the two crowns, becoming James I of England. He only went back once. More than four centuries later, Scottish National Party leader Alex Salmond says that if his campa…
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Ditching Monarchy Is Step Too Far for Scots Nationalists
BREAKING
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Betfair paying out for all sportsbook bets on ‘no’ on Scotland
Consolidation: GBP/USD entered the week in a consolidation, bullish correction mode. Last week, cable had formed a price bottom between roughly 1.6052 and 1.6155. After a break above this double bottom, price rallied to 1.6277. The 1H RSI shows loss of bearish momentum, but price still held below…
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GBP/USD Turning Bearish in the Short-term
Consolidation: GBP/USD entered the week in a consolidation, bullish correction mode. Last week, cable had formed a price bottom between roughly 1.6052 and 1.6155. After a break above this double bottom, price rallied to 1.6277. The 1H RSI shows loss of bearish momentum, but price still held below…
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GBP/USD Turning Bearish in the Short-term
BREAKING
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Confindustria cuts Italy 2014 GDP forecast to -0.4% from +0.2%
Attempts by the European Central Bank to weaken the euro have the potential to spark a currency war but policymakers across the world are keeping silent, knowing the ECB has scant alternatives to keep its economy afloat. Euro zone central bankers have spelled out the need for a weaker euro to br…
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ECB’s predicament leaves peers mute on currency depreciation
This week’s Federal Reserve meeting is perhaps the most closely-watched gathering of the year as the U.S. central bank prepares the groundwork for an eventual liftoff in interest rates. There are several moving parts for investors. Here are eight things to watch for clues on when the central bank…
U.K. households will have to wait until the second quarter of next year before the squeeze on their living standards starts to properly ease, according to a Bloomberg survey of economists. Asked when will wage growth begin to outpace inflation on a sustainable basis, 74 percent of 34 analysts sa…
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U.K. Workers Get No Relief as Wage Squeeze to Extend Into 2015
German investor confidence dropped for a ninth month amid increasing political tension in Europe, even as the European Central Bank steps up its stimulus. The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic…
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German Investor Confidence Decreases for Ninth Month
After slight losses (minus 1.7 points) in September, the ZEW Indicator of Economic Sentiment for Germany stands at 6.9 points (long-term average: 24.6 points). The indicator has thereby decreased for the ninth consecutive time, although to a much lesser extent than in August. “The downward tren…
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German ZEW – Downward Trend Significantly Slowed
U.K. inflation slowed to match the least in five years in August as a supermarket price war and weather effects pushed food prices down the most in more than a decade. The rate of consumer-price growth fell to 1.5 percent from 1.6 percent in July, the Office for National Statistics said today in…
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U.K. Inflation Slows to Match Five-Year Low on Food-Price Plunge
•UK house prices increased by 11.7% in the year to July 2014, up from 10.2% in the year to June 2014. •House price annual inflation was 12.0% in England, 7.4% in Wales, 7.6% in Scotland and 4.5% in Northern Ireland. •House prices are increasing strongly across the UK, with prices in London again …
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UK House Price Index, July 2014
•Total input prices fell for the tenth consecutive month. •The output price index for goods produced by UK manufacturers (factory gate prices) fell 0.3% in the year to August, compared with a fall of 0.1% in the year to July. •Factory gate prices fell 0.1% between July and August, unchanged since…
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UK Producer Price Inflation, August 2014
•The Consumer Prices Index (CPI) grew by 1.5% in the year to August 2014, down from 1.6% in July. •Falls in the prices of motor fuels and food & non-alcoholic drinks provided the largest downward contributions to the change in the rate. •The largest, partially offsetting, upward effects came from …
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UK Consumer Price Inflation, August 2014
China may join other emerging countries in boosting gold reserves as the precious metal makes up a smaller share of its foreign-exchange holdings compared with developed economies, said a London-based researcher. The country hasn’t announced any changes to state gold reserves since authorities i…
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China May Boost Gold Reserves Amid Imbalances in Holdings
Nearly half of wealthy Chinese are planning to move to another country within the next five years, according to a new Barclays survey. The survey, which questioned more than 2,000 high net-worth individuals with more than $1.5 billion in total net worth, found that 47% of Chinese respondents said…
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Almost Half of Wealthy Chinese Want to Leave, Study Shows
Inflation is the main event for UK economic news, with today’s release of consumer prices for August. Later, the German economy will be in focus as the market braces for another weak set of numbers in the ZEW survey on economic sentiment. Meantime, it’s a light day for macro reports in the US,…
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3 Numbers: Low CPI may rattle UK, German ZEW survey and US store sales
Even after five years of steady economic growth, Federal Reserve Chair Janet Yellen is likely to raise interest rates only gradually between 2015 and 2017 as inflation remains muted, according to a Bloomberg survey of economists. Fifty-six percent of 61 economists said the median of policy maker…
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Yellen Rate Raises Seen as Gradual in Survey as Inflation Muted
Providing tighter spreads on a consistent basis will undoubtedly create an atmosphere of happy clients with this rapidly expanding Australian forex broker. Online Forex and CFD broker DMM FX Australia (DMM FX), which is part of the DMM Group, a global provider of online trading services regulated…
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DMM FX Australia announces lower spreads
only half way there so far; effects of drop in demand after sales tax hike is waning; external demand continues to lack momentum; some geopolitical risks still warrant attention; QQE still having desired effects; BOJ will adjust monetary policy without hesitation if needed; …
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BOJ’s Kuroda says Japanese economy on course to reach 2% inflation target
