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  • Article / 46 minutes ago

    FX Update: Retracing one's steps

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: Retracing one's steps
    EURUSD and USDJPY have so far respected important Fibonacci retracement levels as we look forward to the ECB and US data this week. Elsewhere, the commodity currencies are wilting to new lows with the kiwi leading the charge south.
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  • 1h
    Michael O'Neill Michael O'Neill
    Note: I believe that this USDCAD move is merely a function of portfolio rebalancing demand. If so, It makes sense to expect a profit-taking slide, post...
  • Editor’s Picks / 2 hours ago

    Fed should wait on September hike: Mobius

    CNBC
    Veteran fund manager Mark Mobius says that the US Federal Reserve should hold on raising interest rates in September as he believes the underlying fundamentals just aren't in place. "The Fed should be concerned with inflation and what interest rate should be in relation to inflation. And we don't see inflation coming up in any significant degree," Mobius told CNBC earlier today. As a policy normalisation signal, the September hike has assumed an outsized significance in a post-crisis world where nearly all major central banks remain committed to easing. In mid-August, the odds of a September hike were estimated at 50% by the CBOE, but that figure has fallen to 26% following the latest bout of market volatility.
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  • Article / 2 hours ago

    Hawkish Fed talks tough, but ready to wait

    Blogger / MoreLiver's Daily
    Finland
    Hawkish Fed talks tough, but ready to wait
    In part two of my articles on Jackson Hole, I speculate that the Fed will delay its hike until December. The Fed was hawkish at the symposium, partly as a test balloon, and partly to make the eventual hike easier for the markets. Meanwhile the ECB understands the problems, but it will sit and wait until the Fed's hike is out of the way. The ECB believes that more should be done to lift "good inflation".
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  • Editor’s Picks / 2 hours ago

    Here's what could move the most if the Fed hikes

    CNBC
    As Wall Street prepares for the first rate hike in nearly a decade, traders are expecting to see some big swings in forex which will likely be more volatile than stocks, bonds or commodities, reports CNBC's Stephanie Yang. Gina Sanchez of Chantico Global says "a lot of money is going to be made and lost over the next six months." She said that moves in stocks and bonds will be comparatively smaller because Fed officials have relayed plans for a gradual increase in interest rates.
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  • Editor’s Picks / 2 hours ago

    Take a good look in the mirror, Beijing

    Global Economic Analysis
    We knew it wouldn't be long before Beijing started to look for scapegoats for the stunning plunge in the Shanghai Composite Index over the last two months, but so-called market destabilisers or rumour-mongerers are not the real culprit, writes Mish Shedlock. If China really wants to find the guilty party, its leaders might start with a bit of navel gazing after their totally "inane growth targets [and] currency manipulation...helped create a huge property bubble followed by a huge stock market bubble." All this will do, says Shedlock, is exacerbate capital flight especially when the selloff resumes, as it will.
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  • Article / 3 hours ago

    Greece says hello to bickering, bailouts and ballots

    Managing Partner / Spotlight Group
    United Kingdom
    Greece says hello to bickering, bailouts and ballots
    The Greeks are heading to the polls again this month, following months of political bickering, banking brinkmanship, stockmarket gyrations and creditor compromises. And exhausted voters may even face yet another election if the outcome of the September poll leaves the nation with a fragile, unworkable coalition. The nation that has long been considered the cradle of democracy may now be becoming ungovernable.
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    3h
    Sultan73 Sultan73
    Good afternoon Pope
    what's happened to soya bean ( short )
    and U.S. index .?
    thank you
    2h
    Stephen Pope Stephen Pope
    Dollar Index:
    Short opened on Aug 27th at 95.78
    Targets 96.07 ... 97.05 ... 98.02 Stop Loss 93.50

    Current level at 13:21 BST 95.97 Trade...
    1h
    Sultan73 Sultan73
    you are life saver thank you