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  • Squawk / 23 minutes ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    German IFO better than expected in April. The business climate index climbed to 111.2 from 110.7 last month while consensus had expected 110.4.
    The current assessment index was mostly unchanged at 115.3 from 115.2 and 115.6 expected, so the improvement in the headline index came from the expectations index, which rose to 107.3 from 106.4. Consensus had predicted a drop to 105.8.
    Overall a solid report made even better by the fact that it is the expectations index, which is the main driver.
    Read the Squawk
  • Editor’s Picks / 1 hour ago

    Interest rates and unconventional thinking

    NoahOpinion
    Over the last three years, a quiet rebellion seems to have sprung up in macroeconomic circles. So far, it's limited to a few whispers, a couple of papers, and the odd blog post or dinner speech, but it represents a striking break from conventional thinking. And despite my best efforts, I find myself unable to convince myself that it's wrong. The rebellious idea - which I've decided to call "Neo-Fisherite" - is that low interest rates cause deflation, and high interest rates cause inflation. If this is correct, then not only is the Fed massively confused about what it's doing, but much of the private sector may be reacting in the wrong way to monetary policy shifts.
    Read article on NoahOpinion Go to post
  • Squawk / 1 hour ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    French manufacturing confidence declined to 100 in April as expected. However the drop came about as a result of an upward revision to March from 100 to 101.

    Overall business confidence also declined to 94 vs. 96 expected and 95 prior as the order outlook weakened while inventories rose. Not a good report.
    Read the Squawk
  • Saxo TV / 1 hour ago

    USDJPY: Bears return

    Ian Coleman - First 4 Trading
    Ian Coleman is looking at USDJPY, and suggests selling at the open and at 102.40 with a stop at 102.60. For the third day in succession levels above 102.65 found sellers. This resulted in the trend of five higher daily highs being broken.
    See the video
  • Editor’s Picks / 1 hour ago

    As wine fetches staggering sums, fakery claims rise

    New York Times
    When the Atlanta wine collector Julian LeCraw Jr. spent USD 91,400 on a single bottle in 2006, he was convinced that the 1787 vintage from the renowned Chateau d’Yquem in France was worth the lofty price, then the highest ever for a white wine. Now, Mr. LeCraw says he has been left with the bitter aftertaste of a fake and is suing the seller for USD 25 million.
    Read article on New York Times Go to post
  • Trade view / 2 hours ago
    Day trade

    EURGBP — Bearish failure at key average

    AlanCollins AlanCollins
    Partner at 3 C ANALYSIS
    United Kingdom
    A sequence of seven lower highs was broken yesterday as profit taking developed at oversold extremes. But despite the strong net gains it is the failure at the average and the underlying tone reflected by a declining Keltner channel that remains the backdrop to trading and we look for selling pressure to be renewed.
    Read the Trade View