• All
  • Articles
  • Squawks
  • Trade views
  • Must reads
  • Videos
  • Calendar
Write a Squawk
No posts
  • Editor’s Picks / 2 hours ago

    ECB failure spoils 'short of a lifetime'

    The ECB quantitative easing programme's failure to lift inflation back onto the right path has kept European bonds strong, spoiling what US investor Bill Gross called the short trading opportunity of a lifetime, says Bloomberg View columnist Mark Gilbert. Betting on a drop in the value of German government debt initially produced good returns, as the 10-year bund fell as much as 7.4% in the weeks after Gross's remarks in April. But the bund has since rallied off lows and is now down only 2.3% from when Gross first recommended the transaction, Gilbert says. "The initial success of Gross's trading suggestion reflected market expectations that the European Central Bank's QE programme would be a success," Gilbert writes. But instead of lifting inflation towards target, the ECB's €60-billion-per-month bond buying has left Eurozone inflation near zero, and $2 trillion of euro-denominated debt offers negative yields, which means investors are willing to pay to keep their money in safety.
    Read article on Bloomberg
    Go to post
  • Article / 3 hours ago

    From the Floor: Turkish lira woes reveal tensions

    Saxo Bank
    From the Floor: Turkish lira woes reveal tensions
    Asian markets were mixed and mildly positive overnight, but nervousness over the standoff between Russia and Turkey after the downing this week of a Russian aircraft was reflected in a sharp drop in the Turkish lira after Turkey's government released documents which omitted the word "independent" from a description of the central bank.
    Read the article
  • Calendar event / 5 hours ago

    SE Foreign trade

    Low Trade Balance-NSA (SEK)
    Low Net Exports-NSA (SEK)
    Low Net Imports-NSA (SEK)
  • 3h
    Martin O'Rourke Martin O'Rourke
    EURUSD is firmly entrenched towards the lower end of a 1.0605-15 range this morning. Graph courtesy of SaxoTraderGO
  • Calendar event / 6 hours ago

    ES Final GDP

    Med GDP, Q/Q%
    Med GDP, Y/Y%
  • Article / 8 hours ago

    3 Numbers: German outlook upbeat as consumer sentiment slide steadies

    editor/analyst /
    United States
    3 Numbers: German outlook upbeat as consumer sentiment slide steadies
    The macro outlook for Spain is in a holding patten, and today's third-quarter GDP revision will probably match the previous estimate of a moderate 0.8%. In the wider Eurozone, steady growth is expected for the M3 money supply in the October report; money supply numbers will stay front and centre until firmer pricing conditions return. Meanwhile there are hopeful signs that German consumer sentiment will stabilise after months of grinding lower.
    Read the article
  • Editor’s Picks / 9 hours ago

    China allows first foreigners into local interbank FX market

    The first batch of foreign central banks, sovereign wealth funds and international financial institutions have been registered to enter China's interbank foreign exchange market. This registration comes ahead of a highly-anticipated announcement by the International Monetary Fund on Monday that China's yuan may join its foreign exchange basket. The PBoC said that the institutions would be allowed to trade spot products, forwards, swaps, currency swaps and options in the country's domestic foreign exchange market.
    Read article on CNBC
    Go to post
  • Article / 12 hours ago

    Fed's inflation target in sight

    Managing Director / Technical Research Limited
    New Zealand
    Fed's inflation target in sight
    US inflation readings are still low, but base effects are due to push it higher early next year. Below target inflation will be a 2015 story. However a continued USD rally will act as a drag on price rises. The CPI update is due to be released on December 15, which is the same day that the FOMC meets.
    Read the article
    Patto Patto
    Max, do you have a trade recommendation on the USD index ?
    Max McKegg Max McKegg
    don't trade the index Patto but use it trade the euro