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  • Editor’s Picks / 19 October 2015 at 22:22 GMT

    Li's index beats official China data for reliability

    Nikkei Asian Review
    Suspicion persists that Chinese officials manipulate data to generate a lofty growth rate divorced from reality. Even Premier Li Keqiang is said to have called the official data “manmade” years ago as a regional Party chief, citing railway cargo volume, electricity consumption and bank lending as better indicators. Those three indicators now make up the so-called Li Keqiang index, which the Japan Centre for Economic Research uses to compute its own estimate of China's growth. The centre sees real GDP growth at 5% for the quarter ended June, significantly short of Beijing's official 7%. The National Bureau of Statistics has been busy trying to dispel doubts about official data.
    Read article on Nikkei Asian Review
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  • Article / 06 October 2014 at 4:02 GMT

    3 Numbers: German factory orders sluggish, Eurozone mood, US jobs

    editor/analyst /
    United States
    3 Numbers: German factory orders sluggish, Eurozone mood, US jobs
    Industrial orders in Germany are likely to resume their recent slide after the July rebound. Sentix data will show that pessimism has spread to investors in the Eurozone. Meanwhile the mood is optimistic on the other side of the Atlantic, and the Conference Board index will point to resilience in the US labour market.
    Read the article
  • 1y
    Kim Steffensen Kim Steffensen
    Very good analysis, but why do you think that US non farm payroll figures are useless?
    Steen Jakobsen Steen Jakobsen
    Hi Kim - well first off the corrections to non-farm is almost as big as number themselves - AND - often misleading.. last time around most jobs...
    nf1204 nf1204
    Kim: Payroll doesn't tell much. Participation rate tells us that a lot of people is forced out of the statistics.
    Participation rate hasn't been this low since 1980.
  • 1y
    bvlaerhoven bvlaerhoven
    i'll go for an odd one out: They should do better on an economic inspired tournement than on the real thing in Brazil: USA...
    Martin O'Rourke Martin O'Rourke
    That could be quite a canny choice bvlaerhoven. Of course, if FX gets pulled out of the hat for a US match (especially in the knock-out stages)...
    fxtime fxtime
    France would be my choice...Hollande et al may yet lower unemployment and his fiscal measures starting today for reduction of gov't largesse and business ''friendlier'' taxation policies...
  • Squawk / 06 June 2014 at 9:09 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    SP500 E-mini ($ES_F) stays bullish into mid-June, but maybe set for a corrective dip today

    S&P 500 June bull theme intact, but threat of a correction
    • We stated in our last report that “the early June risks remains to a next extension target at 1938.0” and with that target already hit on Thursday, we aim still higher into mid-June, into next week.
    • For Friday, however, we do see risk of a consolidation given intraday and short-term bullish momentum fatigue, for a potential modest setback to minor supports at 1929.5 and maybe 1925/24, with better foundations seen at 1921.0 and 1916.0.
    • Into mid-June, however, we now see risk to Fibo targets at 1970.0 and 1978.0, then little to 1996.0.
    • Below 1921.0 eases bull risks; through 1916.0 signals a neutral tone, only shifting negative below 1913.75.

    See full report with levels & latest screencast here:

    2 hour & Adjusted Daily Continuation SP500 E-mini Future Charts
    Read the Squawk
    fxtime fxtime
    Max of prz area would obviously be 178%
    MarketChartist MarketChartist
    Indeed, many thanks
    fxtime fxtime
    Well so far so good but need spx to continue downwards to 1917.00...ideally today but seems unlikely as expiry day.
  • Editor’s Picks / 05 June 2014 at 7:58 GMT

    Sara Lee revamp in 2012 vindicated as value soars

    When the consumer conglomerate Sara Lee broke up in 2012 into meat-focused Hillshire brands and coffee-roaster D.E. Master Blenders 1753 after spurning takeover bids, worth a reported USD 12 billion, it left many scratching their heads. But, says Kevin Allison, fat premiums are on the cards as the value of the various segments reaches towards USD 19 billion.
    Read article on Reuters
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