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  • Editor’s Picks / 45 minutes ago

    China growing at 'reasonable' pace despite pressures: Premier Li

    China's economy is growing at a "reasonable" pace and, despite growing pressure, the government can handle well the risks the country faces, Chinese Premier Li Keqiang said. The premier, in remarks published late Saturday after a special cabinet meeting, said China is continuing to steadily manage its economy. Li said international market instability "has increased the uncertainties around the global economic recovery, and the impact on China's financial market and imports and exports has also deepened, with the economy facing new pressure."
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  • Squawk / Yesterday at 22:04 GMT
    Senior Analyst /
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (August 31 – September 4, 2015)

    Dominant bias: Bullish
    Last week witnessed the greatest volatility in the markets since January 15, 2015. Between August 19 – 24, price went upwards by 680 pips, topping at the resistance line of 1.1700. Immediately the resistance line was tested, price began to retrace steadily and gradually. From the weekly high of 1.1700, price has gone downwards by 520 pips; thereby threatening the recent bullish bias. The threat to the bullish bias is so serious that a movement below the support line at 1.1100 would ultimately result in a bearish outlook.

    Dominant bias: Bearish
    From August 19 – 24, this pair plunged by 500 pips in what can be called the biggest USDCHF move in the last few months. From August 25 till now, price has nevertheless, rallied by over 300 pips, which is another threat to the existing bearish outlook on the market.

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  • Calendar event / Friday at 12:30 GMT

    US Personal Income & Outlays

    Med Personal Income, M/M%
    Med PCE Price Idx, M/M%
    Med Consumer Spending, M/M%
    Med PCE Price Idx, Y/Y%
    Med PCE Core Price Idx, M/M%
    Med PCE Core Price Idx, Y/Y%
  • Calendar event / Friday at 12:00 GMT

    DE Provisional CPI

    Med CPI, M/M%
    Med Overall Index, Y/Y%
    Med EU-Harmonized, M/M%
    Med EU-Harmonized CPI, Y/Y%
  • Article / Friday at 10:51 GMT

    Daily Shot: Nice surprise from the US Team / Saxo Bank
    Daily Shot: Nice surprise from the US
    Amid turmoils in China the US reported an astonishing rise in GDP. In the meanwhile we see the unemployment rate in Japan continue to fall as better economic growth combined with the aging population has created a tight labor market. Especially women profit.
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