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  • Editor’s Picks / 53 minutes ago

    Why China's true growth rate is a mystery

    China released its first-quarter growth figures earlier this month, and the result has produced anxiety on two fronts. Not only does the stated 7% represent a significant slowdown, but it also underscores the unreliability of Chinese data. According to a Citi report, "actual quarterly growth could be below 6% year to year, depending on the factors weighed" while MarketWatch's Mark Magnier points out that "the figures are suspiciously smooth, with none of the sharp gyrations seen in the U.S. or other economies". Although China's National Bureau of Statistics is widely thought to have become more trustworthy in recent years, Magnier notes that "It doesn't explain its methodology or inflation assumptions and many of its calculations are difficult to reproduce". According to Harry Wu of the Conference Board's China Center ""I have to laugh at the official estimates of 7% first-quarter GDP growth. I think that's completely out of line".
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  • Saxo TV / 5 hours ago

    Berger: Searching for Google’s next move

    Serge Berger
    Serge Berger, better known as The Steady Trader, is seeing technical signals that Google's stock could be preparing to break out of its 14 month long consolidation period. The company's stock gained 3% on Friday following the gains in the broader tech sector.
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  • Article / 5 hours ago

    Saxo Trade Navigator: Monday, April 27

    Head of Commodity Strategy / Saxo Bank
    Saxo Trade Navigator: Monday, April 27
    April 27, 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 / 5 hours ago
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EuroSTOXX 50 Future Holds Firm; Bull Bias Intact

    A resilient tone to end last week leaves an upside bias to a further consolidation theme to start this week.
    Moreover, whilst above 3544, we see a still bullish theme for late April/ early May.

    For Today: We see a neutral tone between 3606 and 3681 (with a positive bias)
    Break above 3680/81 aims 3694, which we would look to try to cap.
    Break below 3606 aims for 3592/91, which we would look to try to hold.

    Short-term Outlook - Upside Risks:
    We see a bigger picture positive tone with the late April threat back to the April cycle high at 3769.
    The bullish risk is then for Fibo extension levels now at 3777 and 3835.
    Above here the threat is still higher for a key swing high from 2008 at 3879.

    What Changes This? Through 3544 signals a neutral tone, only shifting negative below 3457.

    View the full report here
    See all reports here
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