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  • Squawk / 11 minutes ago
    Head of Macro Strategy / Saxo Bank
    Denmark
    German unemployment inches lower in June:

    For a ninth consecutive month, Germany saw a reduction in the number of unemployed people this month, although the drop was smaller than expected. While analysts had penciled in a 5,000, unemployment in fact it only inched down by 1,000 while May's figure was also revised up by 1,000 (i.e. a smaller decline in unemployment). The unemployment rate held steady this month at 6.4% - a record-low!

    Turning to the employment picture, 7,000 people found jobs in May (lagged by one month relative to unemployment figures) following a gain of 22,000 in April. YTD employment is up by 36,000 following an increase of no less than 390,000 last year. Clearly, the German labour market is about as tight as it can get, so wages should continue to rise meaningfully going forward thereby supporting domestic consumption.

    The DAX is down 1% this morning.
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  • Article / 1 hour ago

    Saxo Trade Navigator: Tuesday June 30

    Head of Macro Strategy / Saxo Bank
    Denmark
    Saxo Trade Navigator: Tuesday June 30
    June 30, 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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  • Squawk / 2 hours ago
    Partner at 3 C ANALYSIS / 3cAnalysis
    United Kingdom
    Sep GILTS - Close above key average leaves sentiment positive
    Similarly to mainland Europe, Gilts opened on a strong bullish gap. Then, in volatile trading, the gap was filled before buying interest returned. This left the market with virtually no net movement but, importantly, a close above the 13 day moving average. Coupled with the downside rejection this leaves immediate signals for sentiment as mildly positive.
    There is potential to 115.86 and 116.39/45.
    Risk is currently assessed as 114.84.
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  • Article / 3 hours ago

    3 Numbers: Cracks emerge in German jobs trend, EZ CPI, US confidence

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: Cracks emerge in German jobs trend, EZ CPI, US confidence
    Greece remains in the headlines but Germany's unemployment update for June will also be attracting attention. While it is expected to stay largely upbeat, there is the potential for some cracks to emerge. Meanwhile, the Eurozone's CPI number may show some slowing in pricing pressure while across the Atlantic, the mood around US consumer confidence is brightening.
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  • Squawk / 3 hours ago
    Technical Analsyt / commoditymarket2008 Advisory Services
    India
    SPOT GOLD HAS SUPPORT 1172, HOLD BELOW THEN 1166-1160 POSSIBLE & HAS RESISTANCE 1180, HOLD ABOVE THEN 1186-1194 POSSIBLE
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  • Squawk / 3 hours ago
    Technical Analsyt / commoditymarket2008 Advisory Services
    India
    SPOT GOLD HAS SUPPORT 1172, HOLD BELOW THEN 1166-1160 POSSIBLE & HAS RESISTANCE 1180, HOLD ABOVE THEN 1186-1194 POSSIBLE
    Read the Squawk
  • Article / 6 hours ago

    Today's Trade: Investors cautious on Grexit fears

    Trading Desk / Saxo Capital Markets
    Australia
    Today's Trade: Investors cautious on Grexit fears
    Trading is expected to be volatile in local markets as it's the end of the financial year today as well as the end of the month and quarter. Greece and China will also be key elements. Overseas markets were slammed overnight on Greek concerns and it is expected Greece will default on its EUR 1.55 billion payment due tonight. The AUDUSD is likely to trade below the resistance level of 0.7700 with the support levels at 0.7642 and 0.7600.
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  • Squawk / Yesterday at 14:08 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Biggest movers today in commodities - Wheat still tearing higher on US and EU weather concern. XAUUSD has not made it to the top ten as the Greek crisis fails to ignite the market. Crude oil among the biggest losers with Iran deadline looming large.
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