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  • Editor’s Picks / 38 minutes ago

    Beijing lowers growth target

    Chinese premier Li Keqiang has released a report stating that China's growth target has dropped to the lowest level in 15 years. According to Bloomberg's Kevin Hamiln, Beijing has lowered the key target from 7.5% to 7% in light of an ongoing property slump, disinflation and excess industrial capacity. The move reflects a period of consolidation as Beijing moves to rein in the excesses of its multi-decade expansion, including corruption and environmental degradation. The government's 7% target can be contrasted with the World Bank's estimate of 7.1% growth and the International Monetary Fund's forecast of 7.2%. According to Goldman Sachs analyst Jim O'Neill, the revision "is an acceptance of reality" and confirms "the desire for quality over quantity".
    Read article on Bloomberg
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  • Squawk / 2 hours ago
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Our EURUSD Parity View for H1 2015 Reinforced into ECB

    Another plunge lower to reinforce bear pressures from the the latter February downside range breakout through support at 1.1279/70 for a bearish trend continuation for March.
    The break below the January cycle low at 1.1098 places EURUSD at an 11 year low and sees downside risks for this week, for March and into Q2.

    Short-term - Downside Risks:
    For mid-March we now see risk back to the psychological and option target at 1.1000.
    For March, the risk is still maybe as low as the September 2003 key swing low at 1.0765.
    Overshoot threat for the month is to 1.0503, the March 2003 swing low.

    Longer-term - Downside Risks: As we have stated since last year, for 2015 (H1?), the threat is to PARITY and just below, .9900, the 78.6% retrace of the entire 2000-2008 bull rally.

    A taster of the report above. View the full EURUSD report with screencasts and more
    See all our FX and other reports here
    Read the Squawk
  • Article / 2 hours ago

    Saxo Trade Navigator: Thursday, March 5

    Head of Macro Strategy / Saxo Bank
    Saxo Trade Navigator: Thursday, March 5
    March 5, 2015: The Saxo Trade Navigator provides you with daily technical insight into almost 200 instruments, ranging from FX to equities, commodities and bonds. With a host of various technical indicators such as pivot points, RSI and moving averages, the Saxo Trade Navigator can be used to spot daily trade ideas.
    Read the article
  • Trade view / 3 hours ago
    Day trade

    USDJPY pullback stalls, signals turn mildly bullish

    partner and technical analyst / 3 c analysis
    United Kingdom
    An intraday Evening Star at this week’s high has signalled a temporary pullback, but the losses have stalled with prices remaining above Tuesday's low. Improving sentiment in Asia this morning has switched intraday signals back to cautiously positive.
    Read the Trade View
  • Article / 3 hours ago

    Australian Market Wrap: S&P/ASX200 ends losing streak, retailers rally

    Trading Desk / Saxo Capital Markets
    Australian Market Wrap: S&P/ASX200 ends losing streak, retailers rally
    The consumer staples was the best performer today, rallying 1.34% and led by the listed grocery chain Woolworths. Materials performed poorly, and the nation's top two miners lost ground; shares in iron ore miner Rio Tinto tumbled by 2%. Meanwhile the department store chain and household name Myer was today’s overall winner in share price terms, with a healthy 4.05% rebound following a rough couple of days.
    Read the article
  • Squawk / 3 hours ago
    Option Trader / Saxo Bank
    FX Options: EURUSD vols moving higher as spot takes out previous lows. Front part of the curve should stay bid into the ECB especially with spot at these levels. USDJPY vols also finding good support as the US payrolls now the main focus.
    Read the Squawk