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  • Article / 10 minutes ago

    Morning Report APAC: Weak jobs number pushes rate rise to March 2016

    APAC Sales Trading Desk / Saxo Capital Markets
    Morning Report APAC: Weak jobs number pushes rate rise to March 2016
    The US nonfarm payrolls number came in much lower than expected: 142,000 compared with expectations of 201,000. The market is now pricing only a 51% chance of a hike in March 2016 with fewer than two hikes by the end of 2016. The USD dropped around 0.5% across the board on the back of the weak numbers with the NZD being the main beneficiary.
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  • Editor’s Picks / Yesterday at 23:45 GMT

    Emerging market turmoil a warning for global economy

    Emerging economies risk "leading the world economy into a slump", with lower growth and a rout in financial markets, according to the latest Brookings Institution-Financial Times tracking index. Chris Giles writes that released ahead of the annual meetings of the International Monetary Fund and World Bank in Lima, Peru, the index paints a much more pessimistic outlook than the fund is likely to predict later this week. According to Eswar Prasad of Brookings, weak economic data across most poorer economies has created "a dangerous combination of divergent growth patterns, deficient demand, and deflationary risks".
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  • Trade view / Yesterday at 21:09 GMT
    Short term

    AUDUSD looking for rally this week

    Managing Director / Technical Research Limited
    New Zealand
    Things may heat up a bit for the Aussie dollar tomorrow when the RBA releases its post-meeting monetary policy review statement. Meanwhile there is support for the AUDUSD at .7035/.7000, and .6935 maximum, and resistance at .7085, and .7150/.7165. The recovery targets .7150, .7280 and .7415/.7440.
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  • Editor’s Picks / Yesterday at 20:59 GMT

    Fresh yuan drop would set cat among equity pigeons

    South China Morning Post
    Who has the courage to venture back into the stockmarkets? Falls that erased 30% to 40% from benchmark indices in Hong Kong and China have left bruised investors nursing one of the worst quarters since 2008. Many investors fear that the worst is yet to come and that further economic weakness or a sudden financial crisis in China could send shares plummeting and destroy what little confidence is left in a market where daily turnover rates are scraping near six-month lows. A Fed rate hike or a slowing China are real fears. But the biggest danger is further yuan devaluation, which would set the cat among the pigeons. China's markets will resume trading on October 8.
    Read article on South China Morning Post
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