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  • 54m
    vanita vanita
    Dear Stephen,
    I can sell Dax at this level with some loss or yet I should wait as it now 11620.
    As my buy is at 11697.
    43m
    Noorullah Noorullah
    Dear Stephen I can sell Dax now at 11610.
  • 3h
    fxtime fxtime
    ref platinum.....current supply exceeds demand.
    3h
    Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
    John it looks prety ugly on most timeframes to be honest! The longer term charts suggest this selling could continue to 750-65 where support is very strong....
    3h
    fxtime fxtime
    John Roberti commods like platinum are slow to respond to say Chinas re-adjustments of its economic model we have seen todate....it runs approx. 6mths behind the curve...
  • Squawk / 5 hours ago
    Head of Macro Strategy / Saxo Bank
    Denmark
    Spanish house transactions increase, services PMI jumps:

    The Spanish housing market is in the midst of a recovery, which is bound to be protracted given the sheer amount of over-supply. Nevertheless, several indicators have turned around in the last 6-12 months, including house transactions, which climbed 17% y/y through June up from 6% in May. The series has posted positive y/y figures in 14 of the last 15 months (with August 2014 at -0.6% as the only negative print) since the current recovery began in March 2014.

    It is not only the housing market which is doing better. The services PMI by Markit rose to 59.7 in July from 56.1 a month earlier. This is a three-month high and well above analysts' prediction of 55.8. Particularly interesting considering the high unemployment rate is that the employment component reached a cyclical high.

    The composite PMI reached 58.3 in July vs. 55.9 expected and 55.8 prior. We continue to look for growth of at least 3% this year.
    Read the Squawk
    4h
    Mads Koefoed Mads Koefoed
    France: The final July PMI report is unchanged, meaning services PMI at 52 and composite PMI at 51.5.
    4h
    Mads Koefoed Mads Koefoed
    Germany: The final July PMI report revises services PMI up to 53.8 from 53.7. Composite PMI revised up to 53.7 from 53.4.
    4h
    Mads Koefoed Mads Koefoed
    Chart...
  • Article / 5 hours ago

    COT: Commodity exposure slumps on price dump

    Head of Commodity Strategy / Saxo Bank
    Denmark
    During the last two weeks of July, hedge funds cut bullish exposure to commodities by 28% with selling seen across the board in response to renewed weakness, not least in energy and metals. The sharp rally in grains from June to July eventually triggered a reversal but this sector still accounts for 80% of the total net-long.
    Read the article
  • Article / 5 hours ago

    Morning Markets: Lockhart drops September bomb

    Managing editor, TradingFloor.com / Saxo Bank
    Denmark
    Morning Markets: Lockhart drops September bomb
    Federal Reserve board member and voter Dennis Lockhart put the cat among the pigeons overnight as he pushed the September rate-hike agenda back to the top of the page. Expect the dollar to take its cue and wreak revenge on the euro for last Friday's dramatic reversal.
    Read the article
    2h
    Martin O'Rourke Martin O'Rourke
    WTI is now back below $46/b. Brent crude is still steady at $50.30/b pushing the spread between the two benchmarks out to around $4.40/b at 1017 GMT....
  • Article / 5 hours ago

    Saxo Trade Navigator: Wednesday August 5

    Head of Macro Strategy / Saxo Bank
    Denmark
    Saxo Trade Navigator: Wednesday August 5
    August 5, 2015: The Saxo Trade Navigator provides you with daily technical insight into a wide array of major instruments, ranging from FX to equities, commodities and bonds. With a host of various technical indicators such as pivot points, RSI and moving averages, the Saxo Trade Navigator can be used to spot daily trade ideas
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  • Article / 7 hours ago

    3 Numbers: EU retail sales soften, US jobs, US services

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: EU retail sales soften, US jobs, US services
    A number of economic releases are expected today including the June retail spending figures for the Eurozone. Analysts are expecting a softer rate of growth for this release but if that occurs, it's likely to be dismissed as a one-off event. Meanwhile, in the US, private payrolls are expected to deliver a solid gain, while the market is expecting a solid rate of growth in the US services sector.
    Read the article