The British pound lost ground early last the week but recovered and posted slight gains over the week. The pair closed the week at 1.6253. It promises to be a busy week, with some key releases as well as the Scottish independence referendum. Here is an outlook for the main events moving the pound,…
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GBP/USD Forecast Sep. 15-19
Prime Minister Shinzo Abe on Sunday underscored his intention to consider carefully from a neutral standpoint whether to go ahead with the planned second-stage consumption tax hike to 10 percent in October 2015. “The economy has a life of its own, so I will look at it neutrally,” Abe said on an …
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Abe neutral on 2nd sales tax hike
King Dollar reigns for another week. EURUSD dipped to a new 14-month low under 1.2900 in quiet trade last week. The biggest event risk of the week for the pair was Friday’s US Retail Sales report, which showed solid growth in US consumer activity. Looking to the chart, the pair is in a bit of a “no…
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The Week Ahead: Week of September 15th, 2014
As I wrote yesterday this week-end has been the start of the final countdown to a referendum that one way or another will be a watershed moment for the future of the UK, and the latest polls confirm that it’s going down to the wire. The results of three polls were released yesterday and went as f…
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Scottish referendum polls show the future of the UK is still very much in the balance
After a relative slow week following the announcement of the ECB’s new initiatives and the US jobs data, the week ahead is chock full of key events. There are three in particular that can shape the larger investment climate. They are the FOMC meeting, the launch of the ECB’s Targeted Long-Term Repo…
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What You Need to Know about Next Week’s 3 Key Events
The U.S. Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week, as struggling Europe braces for a tight vote in Scotland on whether to leave the United Kingdom. As the U.S. economy picks up pace, its central bank is inching clos…
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World waits for white smoke from U.S. Fed
Swedes cast their ballots today as polls show the largest Nordic economy could be left with a hung parliament amid rising support for the anti-immigration Sweden Democrats. An average of the five latest polls showed the Social Democratic-led opposition is backed by 45.8 percent of voters, versus…
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Swedes Vote as Polls Indicate Nation Headed for Hung Parliament
EUR/USD dived to lower levels, but it was certainly not a one way street. Has it bottomed out? The big events coming up are a German survey and final inflation data for August. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD, now on lower ground. Th…
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EUR/USD Forecast Sep. 15-19
The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, considering options from a pan-European capital market to a huge investment fund. With Europe’s economy struggling to recover from the worst financial crisis in a ge…
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Show us the money: EU seeks billions of euros to revive economy
Chancellor Angela Merkel faces a challenge for power by the communist successor party 25 years after the fall of the Berlin Wall as two eastern German states hold elections today. While Merkel’s Christian Democratic Union became the east’s dominant force after Helmut Kohl reunified Germany in 19…
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Merkel Faces Ex-Communists as Dominance Teeters in East
History did not end with the Cold War and, as Mark Twain put it, whilst history doesn’t repeat it often rhymes. As Alexander, Rome and Britain fell from their positions of absolute global dominance, so too has the US begun to slip. America’s global economic dominance has been declining since 1998,…
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End Of Empire – The ‘De-Dollarization’ Chart That China And Russia Are Banking On
Next week may very well be one of the most important weeks of the year. There are a number of events that individually and collectively have the potential to spur significant moves across the capital markets. These events include the Scottish referendum, FOMC meeting, and the launch of the ECB’s…
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Technical Condition ahead of Next Week’s Key Events
Next week may very well be one of the most important weeks of the year. There are a number of events that individually and collectively have the potential to spur significant moves across the capital markets. These events include the Scottish referendum, FOMC meeting, and the launch of the ECB’s…
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Technical Condition ahead of Next Week’s Key Events
The pound, already suffering its worst month in more than a year, has the potential to tumble 10 percent should the Scots vote for independence from the U.K., according to economists surveyed by Bloomberg. A victory by Scottish First Minister Alex Salmond’s “yes” campaign would mean a 5 percent t…
The pound, already suffering its worst month in more than a year, has the potential to tumble 10 percent should the Scots vote for independence from the U.K., according to economists surveyed by Bloomberg. A victory by Scottish First Minister Alex Salmond’s “yes” campaign would mean a 5 percent t…
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Pound Seen Tumbling Up to 10% on Scottish Yes Vote
The Empire State manufacturing survey likely indicated an improvement in September, rising to 17.00 from 14.69 in August. We expect the Empire survey will point to healthy manufacturing sector activity in September. Employment likely picked up, following flat manufacturing employment last month. The…
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US Week Ahead: FOMC, IP, CPI, PPI, Current Acct, Empire Svy, Philly Fed, Housing
The Empire State manufacturing survey likely indicated an improvement in September, rising to 17.00 from 14.69 in August. We expect the Empire survey will point to healthy manufacturing sector activity in September. Employment likely picked up, following flat manufacturing employment last month. The…
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US Week Ahead: FOMC, IP, CPI, PPI, Current Acct, Empire Svy, Philly Fed, Housing
China’s industrial output rose 6.9 percent in August from a year earlier, well below market expectations, the National Bureau of Statistics said on Saturday. Fixed-asset investment, an important driver of economic activity, grew 16.5 percent in the first eight months from the same period last yea…
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China August factory output up 6.9 percent year-on-year, below expectations
As Scotland stares history in the face, London’s financial guardians are preparing for their worst-case scenario. Less than a week before a referendum that could see Scotland ending its 307-year political bond with the United Kingdom, officials at the Bank of England and the Treasury are gaming …
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Scots War Games Haunt U.K. Elite Bracing for Referendum
There will be so much to focus on next week that market participants may risk indigestion at some point. The 17 September FOMC meeting will be an obvious risk event in the US, but the European agenda looks very heavy too, including the binary outcome of the Scottish referendum on Thursday and…
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Europe Week Ahead: EZ CPI, German ZEW, Scottish Vote, UK CPI, BoE Minutes
