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  • Squawk / 9 minutes ago
    Technical Analsyt / commoditymarket2008 Advisory Services
    India
    GBP/USD: now having support zone 1.5200 to 1.5170 & current price 1.5220, traders build buy position on dips with 1.5130 below stop loss and target 1.5320 & 1.5450
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  • Editor’s Picks / 1 hour ago

    Draghi squashes inconvenient EUR rally, bears rejoice

    Bloomberg
    The euro spent the summer in a position of suspicious strength, perplexing investors as even the existential threat posed by the Greek crisis failed to halt its flight. Yesterday's European Central Bank statement, however, saw Mario Draghi clip its wings decisively. "A weaker currency will console officials struggling to prevent consumer prices from falling and trying to boost productivity", says Bloomberg's Eshe Nelson, pointing to the Eurozone's struggle to meet its inflation targets. Meanwhile, Credit Agricole's Valentin Marinov told the financial news site that "the longer-term risks for the euro are firmly on the downside with the ECB considering sticking with QE for longer". The EURUSD is presently trading at 1.1138, well down from its August 25 close just shy of 1.16.
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  • Editor’s Picks / 1 hour ago

    China's leaders in a Catch-22 of their own making

    The Telegraph
    China's ruthless approach to those it holds responsible for the oscillations of the Shanghai Composite Index these last two months indicates that old habits die hard, but also demonstrates that its adoption of the free market is haphazard at best, writes Jeremy Warner. While a scapegoat is useful, the stocks crisis has also starkly exposed the inability of Beijing to control markets despite launching the proverbial kitchen sink and then some at the problem. When the dust settles, however, history will show "malicious" journalists were not to blame for the crash and the Chinese authorities pursuit of economic growth ultimately opens up a path to the loss of the "very power and influence that sustains them," says Warner.
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  • 2h
    fxtime fxtime
    I agree with the bull case viewpoint but I struggle to believe shareholders have any worthwhile rights/protection as history has shown when the state decide a company...
  • Article / 4 hours ago

    From the Floor: A yen for safety

    Consulting Editor / Saxo Bank
    Denmark
    From the Floor: A yen for safety
    Just when you thought it was safe to go back in the water... risk-off is back and the yen, again, is its big beneficiary. Today's US nonfarm payrolls print, however, is casting a long shadow over this morning's skittish markets and a significant departure from consensus in either direction could result in what Americans call "a whole new ball game".
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  • Article / 4 hours ago

    Knee-jerk ECB reaction falls well short of Eurozone fix

    Managing Partner / Spotlight Group
    United Kingdom
    Knee-jerk ECB reaction falls well short of Eurozone fix
    The ECB signalled that it is ready and willing to do more. Meanwhile the central bank has taken a policy backfljp in on factors such as commodity price variations. It used to say it could noting about such exogenous matters, but now commodity weakness is cited as a key reason for rejigging QE. It is typical of Eurozone institutions to play both sides of the street.
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  • Calendar event / 5 hours ago

    CH CPI

    forecast
    actual
    Med CPI, M/M%
    -0.2%
    Med CPI, Y/Y%
    -1.4%
    -1.4%