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  • Editor’s Picks / Just now

    Australia to tumble off mining investment cliff: BIS Shrapnel

    The Sydney Morning Herald
    Australia has only just begun to tumble over the mining investment cliff new forecasts suggest, with mining investment set to fall a further 58% over the next three years after sliding 11% in 2014-15. Peter Martin writes the BIS Shrapnel "Mining in Australia" report says one consolation is that production volumes should climb 6% per year over the next five years led by LNG exports. Excluding oil and gas, mining investment had already halved since the peak, and would fall a further 40% over the next two years: a 70% decline overall from top to bottom.
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  • Article / 28 minutes ago

    Today's Trade: ASX200 opens flat as China garners attention

    Trading Desk / Saxo Capital Markets
    Today's Trade: ASX200 opens flat as China garners attention
    The local market opened relatively flat, with the ASX200 only slightly up at 1100 AEDT. BHP was again under pressure following the disaster in Brazil. This week is massive for the currency markets. AUDUSD extended losses below the key support level 0.72 handle as the price of copper continued to be under selling pressure.
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  • Calendar event / Yesterday at 23:50 GMT
    High Indus Output, M/M%
    Med Indus Output 3-Mo Forecast
    Med Inventory/Shipment Ratio, M/M%
    Med Shipments, M/M%
    Med Inventories, M/M%
    Med Indus Output Mo-Ahead Forecast
    Med Indus Output 2-Mo Forecast
  • Article / Yesterday at 22:22 GMT

    The Macro Take: Big week ahead in little macro world

    Asia Macro Strategist / Saxo Capital Markets
    The Macro Take: Big week ahead in little macro world
    The European Central Bank meeting is the main event this week but there are also rate decisions from the RBA, RBI and the BoC. Fed speakers are back in force after a break last week and Janet Yellen will be giving two talks in one day. US November nonfarm payrolls for November will also be out this Friday, after the US ISM manufacturing numbers. Also of interest is the addition of the Chinese yuan to the IMF reserve currency status.
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  • Squawk / Saturday at 9:33 GMT
    Senior Analyst /
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (November 30 – December 4, 2015)

    Dominant bias: Bearish
    EURUSD only consolidated to the downside last week, in the context of a downtrend. There are resistance lines at 1.0750 and 1.0800, which could check rally attempts. There are also support lines at 1.0500 and 1.0450, which are the targets for bears, since further bearish movement is possible. Any rally attempts that happen in the market should be taken as false breakouts. It is expected that the Euro would be weak in December, and so EUR pairs would be bearish in most cases.

    Dominant bias: Bullish
    This pair managed to go upwards by an addition of 100 pips last week – in solidarity with the extant bullish bias. Since the great psychological level at 1.0000 has been breached to the upside, price has moved northward by 300 pips, testing the resistance level at 1.0300.

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  • Article / Friday at 13:45 GMT

    Slow news day breeds conspiracy theories

    Director / Accumen Management
    United Kingdom
    Slow news day breeds conspiracy theories
    This morning's FX market price action left many aghast. Explanations for the burst of dollar buying run to the conspiracy theory category, but month-end programme buying is likely at the heart of it. Nonetheless EURUSD and Cable are retesting recent lows.
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