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  • Editor’s Picks / 1 hour ago

    China's manufacturing PMI edges down

    The pace of contraction in China's manufacturing sector slowed in November and the services sector grew, signs that the country's transition to a consumption-driven economy is back on track after a torrid summer, surveys showed Tuesday. Huileng Tan writes according to the final Caixin/Markit China Manufacturing PMI, China's manufacturing activity contracted for the ninth straight month in November, but more slowly than in October. The private survey had a reading of 48.6 for November, up from 48.3 in October. The official services sector PMI performed better however, with a reading of 53.6 – slightly higher than October's reading of 53.1.
    Read article on CNBC
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  • Editor’s Picks / 1 hour ago

    RBA leaves rates on hold at 2%

    The Sydney Morning Herald
    The Reserve Bank of Australia left the cash rate at 2% for the seventh month in a row on Tuesday, but left the door ajar for a further cut in 2016. Mark Mulligan writes the decision to hold was widely expected and the Australian dollar held steady at around US72.60¢ before climbing to around US72.75¢. In the accompanying statement, the RBA said the low inflation outlook "left scope for further easing of policy, should that be appropriate to lend support to demand".
    Read article on The Sydney Morning Herald
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  • Calendar event / 5 hours ago

    AU Balance of Payments

    Med Current Account-SA (AUD)
    Low Net Exports-Expected % of GDP
    Low Net Foreign Debt, Q/Q%
  • Article / Yesterday at 16:30 GMT

    Hard-hit iron ore erodes value of major miners

    Managing Partner / Spotlight Group
    United Kingdom
    Hard-hit iron ore erodes value of major miners
    The brutal slump in commodities has been particularly hard on miners of iron ore who have seen prices drop below $40/tonne and face further pressure from the economic slowdown in China and extreme oversupply. The leading miners have nevertheless kept supplying the market to protect their market shares, and 2016 looks likely to be another difficult year though the market is rebalancing.
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    island2015 island2015
    nice to meet you
    Stephen Pope Stephen Pope
    Good to make your acquaintance as well.
    andrewloz andrewloz
    I believe you have nailed it there. It will be a long and rocky road to decent ore prices from here I suspect, with some pretty...
  • 6h
    Gasper Gasper
    This is a great read, thanks. However, I'm not sure if I fully understand the part where the author concludes that cheap money results in the misallocation...
  • Article / Yesterday at 14:07 GMT

    Bullish Brent bets jumped 12% in late November

    Head of Commodity Strategy / Saxo Bank
    Bullish Brent bets jumped 12% in late November
    Money managers increased bullish bets on Brent crude by 12% in the week that ended November 24. A 6% price rally seen during the week was driven mainly by news reports that Saudi Arabia wants to bolster the price of oil. This came after Opec's crude oil basket sank to a 2009 low below $40/barrel.
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  • Article / Yesterday at 14:00 GMT

    A week of sound and fury

    Director / Accumen Management
    United Kingdom
    A week of sound and fury
    The major FX pairs appear a little uncertain today as a week of data releases, central bank speeches and oil cartel summits prepares to hit world markets like a tonne of bricks.
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  • Article / Yesterday at 13:22 GMT

    US stocks verge on December seasonal pattern

    Trader /
    United States
    US stocks verge on December seasonal pattern
    The S&P 500 and Nasdaq 100 were firm last week, while the Russell 2000 significantly outperformed, which is a positive sign for stocks in the very near term. This week, however, is loaded with events on the macro front, above all the European Central Bank's meeting on Thursday and the US jobs report on Friday, which means there's enough to create wild swings in most asset classes. US stocks tend to be firm in Thanksgiving week, then soften, and then come back into demand in mid-December, and this article outlines that seasonal pattern.
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    fxtime fxtime
    seasonals for spx cash fwiw.....