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Editor’s Picks / 5 hours agoThe TelegraphInvestors face a “painful” adjustment in a world of evaporating liquidity and higher US interest rates that will trigger huge market swings with potentially catastrophic consequences, the Institute of International Finance has warned. Timothy Adams, the chief executive of the IIF, which represents the world’s biggest banks, described liquidity as the “top issue” at high level meetings of central bankers, chief executives and other financial institutions, Szu Ping Chan reports.Read article on The Telegraph
Squawk / 5 hours agoUS services sector speeds up in April, says ISM:
The ISM non-manufacturing report for April is out and it shows that the US services sector saw activity rise at a faster clip last month compared with March. The headline index printed 57.8 vs. 56.2 expected and 56.5 prior, the highest reading in six months.
Among the components, business activity rose to 61.6 from 57.5 while new orders hit 59.2, up from 57.8 a month earlier. The employment component - particularly interesting in light of the upcoming employment report on Friday - improved a bit to 56.7 from 56.6.
Overall a strong report, which bodes well for the employment report on Friday and the US economy in general. I maintain the view that the US economy will bounce back on Q2 (like we saw last year) and grow at rates around 3% in Q2 through Q4.
Editor’s Picks / 6 hours ago
Scottish independence movement relishing May 7BloombergViewUK prime minister David Cameron may have thought that Scottish independence was consigned to the backburner for at least a generation after last autumn's decisive rejection of a "Yes" vote, but the Scottish National Party has returned to the fray with such vigour under new leader Nicola Sturgeon aided and abetted by her predecessor Alex Salmond that it is very much back on the agenda, writes Rodney Jefferson. Despite the protestations of Labour leader Ed Milliband, the SNP is looking a near certainty to hold the centre backed up by a surge in party membership. A sense of frustration that Scotland missed an opportunity last year is slowly but surely being replaced by a wave of optimism that could give the party 50 seats in Westminster and decimate Labour's powerbase north of the border.Read article on BloombergView
Article / 6 hours ago
#Election2015: Russia really doesn't care who winsWith the UK vote fast approaching, Moscow, if it has a preference, is likely hoping for a re-do of the Lib-Con coalition given Labour's tougher stance on Ukraine. But then again, Russia does not view the UK as having a sovereign foreign policy in the first place, so perhaps it doesn't matter.Read the article
Squawk / 9 hours agoWTI Crude Oil – Consolidation in key area
Again Oil trade has been within a very small 58.40 – 60.00 band. But this consolidation is coiling up for a sharp move in the coming days. Above 60.00 exposes sentiment to 62.00 and 65.00 while a move beneath 58.40 sets a negative tone to 56.80 then 54.40
Article / 12 hours ago
Saxo Trade Navigator: Tuesday, May 5May 4, 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.Read the article
Article / 12 hours ago
Morning Markets: Eurozone's deflation spectre softensToday's Eurozone producer price data is expected to show further signs of improvement in inflation in the region, with consensus forecasts estimating that year-over-year PPI will continue to fall by 2.3% through the end of the first quarter.Read the article
Squawk / 12 hours agoS&P 500 ($ES_F) Bull Theme; Aims Through 2119.75 Record High
A solid rebound to end and now start the week to probe above 2099/2102 and also 2115.5 resistances, which has re-energized bull risks.
The rebound from the trend line from early April (2076.5) and ahead of key support at 2064.5 leaves upside pressures for May.
We see an upside bias for 2119.75, the record high.; break here aims through 2122.5 for 2130.75.
But below 2098.0 opens risk down to 2087.5, maybe 2080.5, which we would look to try to hold.
Short/ Intermediate-term Outlook - Upside Risks:
We see a positive May tone with the bullish threat to the new record high at 2119.75.
Above here aims for Fibo targets 2122.5 and 2137.25 and maybe the option level at 2150.0.
What Changes This? Below 2064.5 eases bull risks; through 2038.0 signals a neutral tone, only shifting negative below 2030.25.
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Saxo TV / 12 hours ago
O’Hare: Why I’m bullish on WTISteve O'Hare - First 4 TradingSteve O'Hare from First 4 Trading is bullish on the price of oil in the short term. He is focused on the June WTI crude oil contract. A break of the important USD 60.00 could propel prices higher towards USD 65.00 according to Steve.
Article / 14 hours ago
3 Numbers: Eurozone deflation to ease, US store sales, US ISM servicesThe Eurozone deflation spectre is expected to fade further in producer price inflation data. Meanwhile, the search for brightness in the US economy after a lacklustre first quarter continues and store sales and services sector data will be scrutinised keenly.Read the article