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Visualizzazione post con etichetta free forex tips. Mostra tutti i post

giovedì 1 settembre 2016

US auto sales for August come in weaker at 16.98M sales pace

Down from 17.8 last month


The US total vehicle sales for August are coming in at 16.98M annualized sales pace. This is lower than expectations at 17.20M and lower than the 17.8B last month. 



Total light vehicles sales total 1.51 Mln units which is lower by 4.2% from last year.  Passenger car sales were down 12.6%. Light truck sales were up 2.4%. 

US auto sales for August come in weaker at 16.98M sales pace
US auto sales for August come in weaker at 16.98M sales pace
http://www.forexlive.com/feed/news

Infograph: Trends in US Employment

NFP is estimated to rise by 180K in August.  Down from an above trend 255K last month


The US employment report will be released tomorrow at 8:30 AM ET, with estimates calling for 180K new non farm payroll jobs. The Unemployment rate is expected to fall back to 4.8% after a tick up to 4.9% last month. There is lots of rumblings that the August report tends to get revised up.  Last month traders and analysts were saying the report was overstated because of seasonal. This month they already have the August report being revised next month when the September report is released.  Aren't seasonal's adjusted from time to time to reflect changes in seasonals? 



Anyway, below are the trends for the US employment through the July report  









Infograph: Trends in US Employment
Infograph: Trends in US Employment
http://www.forexlive.com/feed/news

USD/JPY Continues to Carve Near-Term Bullish Pattern Ahead of NFP


Talking Points:


- USD/JPY Continues to Carve Near-Term Bullish Pattern; Former-Support in Focus.


- USDOLLAR Struggles Ahead of NFP Report as Mixed U.S. Data Persists.


Avoid the pitfalls of trading by steering clear of classic mistakes. Review these principles in the "Traits of Successful Traders" series.


USD/JPY

USD/JPY Daily Chart


Chart - Created Using FXCM Marketscope 2.0


  • Even though USD/JPY falls back from a weekly high of 103.99, the recent series of higher highs & lows may foster a further advance especially as the Relative Strength Index (RSI) threatens the bearish formation carried over from the previous year; break/close back above former support around 104.20 (61.8% retracement) to 104.50 (23.6% retracement) may spur a test of the downward trend from earlier this year.


  • Even though the Bank of Japan (BoJ) is scheduled to deliver its ‘comprehensive policy review’ later this month, the recent weakness in the Yen may encourage Governor Haruhiko Kuroda to endorse a wait-and-see approach for monetary policy as the central bank anticipates a ‘moderate recovery’ going forward.


  • Break/close back above former support around 104.20 (61.8% retracement) to 104.50 (23.6% retracement) may open up the next topside target around 105.30 (50% retracement), which coincides with the 100-Day SMA (105.40), followed by 107.00 (61.8% expansion).

DailyFX SSI

  • The DailyFX Speculative Sentiment Index (SSI) shows the FX crowd remains net-long USD/JPY since July 22, with the ratio hitting a 2016-extreme during the previous month as it climbed to +5.28.


  • The ratio has narrowed sharply coming into September, with the ratio currently sitting at +1.69 as 63% of traders are long, with short positions 80.3% higher from the previous week, while open interest stands 6.4% above the monthly average.


Why and how do we use the SSI in trading? View our video and download the free indicator here


USDOLLAR(Ticker: USDollar):



USD/JPY Continues to Carve Near-Term Bullish Pattern Ahead of NFPUSDOLLAR DailyFX


Chart - Created Using FXCM Marketscope 2.0


  • The USDOLLAR struggles to hold its ground ahead of the highly anticipated U.S. Non-Farm Payrolls (NFP) report as the larger-than-expected slowdown in the ISM Manufacturing survey dampens the outlook for growth & inflation; may see the greenback consolidate going into the holiday weekend especially as Fed Funds Futures continue to show limited expectations for a September Fed rate-hike.


  • Even though the U.S. economy is anticipated to add another 180K jobs in August, a downtick in Average Hourly Earnings may dampen the appeal of the greenback as the Federal Open Market Committee (FOMC) continues to warn ‘most survey-based measures of longer-run inflation expectations were little changed, on balance, while market-based measures of inflation compensation remained low.


  • Will keep a close eye on the topside targets, with the next topside objective coming in around 12,170 (78.6% retracement) 12,176 (78.6% expansion), but a close below 12,049 (78.6% retracement) to 12,064 (61.8% retracement) may pave the way for a larger decline in the USDOLLAR as market participants weigh the outlook for monetary policy.

DailyFX Calendar


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Read More:


S&P 500: Yellen Sparks Volatility, Market Starts Week at Pivotal Area


USD/JPY Technical Analysis: Implied Vol Shows Trader’s Nerves


EUR/JPY Technical Analysis: Sticking to the Range


EURUSD: Waiting for the Dip & Rip- Key Resistance at 1.1400


--- Written by David Song, Currency Analyst


To contact David, e-mail dsong@dailyfx.com. Follow me on Twitter at @DavidJSong.


To be added to David's e-mail distribution list, please follow this link.


USD/JPY Continues to Carve Near-Term Bullish Pattern Ahead of NFP
USD/JPY Continues to Carve Near-Term Bullish Pattern Ahead of NFP
https://rss.dailyfx.com/feeds/forex_market_news


Index




Last




High




Low




Daily Change (%)




Daily Range (% of ATR)




DJ-FXCM Dollar Index




11963.66




12014.03




11956.25




-0.35




110.31%


Gold Prices Suddenly Suggest it’s Time to Sell

Gold Prices Suddenly Suggest it’s Time to Sell


Why and how do we use the SSI in trading? View our video and download the free indicator here


XAUUSD – Retail FX traders are at their most heavily net-long Gold prices in over eight months, and a contrarian view of ‘crowd’ sentiment points to further XAU/USD weakness. A further break below key support near the $1,300 mark would help confirm a larger trend turnaround. And it will be important to watch how traders respond to Gold prices at the psychologically-significant price floor.


As long as retail FX traders continue to buy, we will continue to call for Gold price weakness.


See next currency section:S&P - US S&P 500 Looks at Danger of Turnaround


--- Written by David Rodriguez, Senior Strategist for DailyFX.com


To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.


Contact David via Twitter at http://www.twitter.com/DRodriguezFX


Gold Prices Suddenly Suggest it’s Time to Sell
Gold Prices Suddenly Suggest it’s Time to Sell
https://rss.dailyfx.com/feeds/technical_analysis

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http://feeds.reuters.com/news/wealth

Canada's Trudeau says recent relationship with China has become "distant and unfocused"

Canadian PM Trudeau speaking in Shanghai on his first official visit to China 1 Sept


  • China matters to Canada

  • stronger relationship with China mutually beneficial

  • those that ignore China's role in driving global growth are "short-sighted and irresponsible"

  • pledges to renew and deepen relations

Yesterday he had this to say from Beijing


Go on. show them that party trick. That's bound to impress 'em.





Canada's Trudeau says recent relationship with China has become "distant and unfocused"
Canada's Trudeau says recent relationship with China has become "distant and unfocused"
http://www.forexlive.com/feed/news

BofA Merrill's take on initial jobless claims and ISM later today

Latest client note from Bank of America Merrill Lynch 1 Sept


Courtesy of our friends at efxnews.com


Click here for a free trial.



BofA Merrill's take on initial jobless claims and ISM later today
BofA Merrill's take on initial jobless claims and ISM later today
http://www.forexlive.com/feed/news

Forex - GBP/USD al massimo di un mese dopo i dati britannici

© Reuters. Sterlina su contro il dollaro supportata dai dati britannici© Reuters. Sterlina su contro il dollaro supportata dai dati britannici


Investing.com - La sterlina sale contro il dollaro questo giovedì riavvicinandosi al massimo di un mese dopo la pubblicazione dei dati positivi sull’attività del settore manifatturiero britannico che ha alimentato l’ottimismo per la forza dell’economia in seguito al voto sulla Brexit.


Il cambio GBP/USD ha toccato 1,3251 negli scambi della mattinata europea, il massimo dal 26 agosto; successivamente la coppia si è attestata a 1,3242, su dello 0,78%.


Supporto a 1,3063, il minimo di ieri e resistenza a 1,3349, il massimo del 4 agosto.


La sterlina si è rafforzata dopo i dati che hanno mostrato che l’attività del settore manifatturiero britannico è tornata in espansione ad agosto dal minimo dall’inizio del 2013.


Nel report del gruppo di ricerche di mercato Markit si legge che l’indice dei direttori acquisti per il settore manifatturiero britannico è salito al massimo di 10 mesi di 53,3 il mese scorso da 48,2 di luglio. Gli analisti avevano previsto un aumento a 49,0 per il mese di agosto.


Il sentimento dei marcati è stato inoltre incoraggiato dai dati che hanno rivelato che anche l’attività manifatturiera in Cina è tornato in espansione questo mese, con l’indice PMI ufficiale per il settore manifatturiero a 50,4 da 49,9 di luglio.


Tuttavia, il biglietto verde resta supportato dai dati incoraggianti sull’occupazione statunitense pubblicati ieri che hanno alimentato le aspettative di un aumento dei tassi da parte della Federal Reserve.


L’agenzia di elaborazione buste paga ADP ha dichiarato che l’occupazione non agricola privata è aumentata di 177.000 unità il mese scorso, superando le attese di un incremento di 175.000 unità.


I dati hanno seguito di un giorno le parole del Vice Presidente della Fed Stanley Fischer secondo cui il mercato del lavoro statunitense ha quasi raggiunto la piena forza e il ritmo degli aumenti dei tassi di interesse dipenderà dai dati.


La sterlina balza contro l’euro, con la coppia EUR/GBP che crolla dell’1,04% al minimo di un mese di 0,8405.



Forex - GBP/USD al massimo di un mese dopo i dati britannici
Forex - GBP/USD al massimo di un mese dopo i dati britannici
http://it.investing.com/rss/news_1.rss

Meet Tomàs, FXStreet’s Contributor Accounts Manager

Today it’s time to interview one of the guys of our Content department. We want to present you Tomàs, FXStreet’s Contributors Account Manager, who is in charge of contacting contributors to arrange collaborations while he manages their profiles. Tomàs has always a positive attitude, loves soccer and his motto is to do what you really love in life. What is more, and it might surprise you, discover how the Disney movie “Frozen” impacted his life.


Tomàs at work


How does a day inDSC_0496 the life of the Contributor Accounts Manager FXStreet look?


My workday begins in a stand-up meeting where we discuss the issues of the day. My daily goals are to fulfill contributors in everything they need, manage their profiles to be always up to date and to look for talent that meets requests from publishers.


You have recently joined FXStreet’s team, what do you like best about your job?


The fantastic atmosphere in the team and the motivation for doing the best job possible. It makes the energy flow and makes me feel really good. 


What do you like least about your job?


I don’t know if at some point I can answer you, but today I still can not say something that does not satisfy me. 


If you were not a Contributor Accounts Manager, what would you like to do for a living?


All my life I made my passion my way of life, so that would include everything related to finances, animals, education, sport and so on. I can consider myself as someone versatile.


Animated gifs are often used in internal emails among collaborators at FXStreet… share with us a gif that you particularly like!


gif blog post


We almost all put our headphones on when working here at the office.  What do you usually listen to?


I like varied music, from AC DC to Coldplay, Adele, David Guetta, Dire Straits and Fosters the People. Each style has its moment.


What are your favorite bands at the moment?


Well, I don’t know what bands are the most popular these days. Now my musical adviser is my daughter, so that would include the soundtrack from the Disney movie “Frozen”.


[embedded content]


Any weird habit you have when working?


For working, I drink coffee, lots of coffee. But seeing any of my colleagues this is not bizarre, they are professionals in matters of caffeine.


What are the software, websites or tools you mostly use at work? What for?


Mainly office software, such as proprietary software to manage contributors, publications and graphics. You have to be prepared for everything.

Talking about websites, I check sites about financial news and team management. My wish is that contributors feel happy to be part of FXStreet.


Tomàs in his personal life


What do you typically do when you get out of the office?


I do all I can to be with my family and my friends. My children grew up so fast, so now I can enjoy some free time. Though, my kids tell me nice things!


Do you have a specific hobby?


I love to go fishing and I would love to play golf again but it’s a demanding sport that requires time. Also, I like to play online games to shot up a little action.


Do you have a pet? Share a picture of it!blog


Two weeks ago I had to sacrifice my dog that accompanied me for 15 years. It was very hard for my family and me but it was the best because he had no quality of life. Apart from this, at home we have two cats, but cats are more independent than dogs.


What are your holiday plans in the upcoming months?


I have two traveling goals, but they will not be in few months. I want to go to Disneyland with my little daughter because her sisters have already been there and I would like to enjoy it with her too. Then, I owe a special and romantic trip to my wife to the Greek islands.


What are your favorite websites? Do not say FXStreet 😉


As I like to stay informed about financial markets, my favorite sites are Marketwatch, Bloomberg and Reuters.


What is the last movie you’ve watched? Would you recommend it?


Frozen!! I don’t recommend it, only if you have little daughters. But I guarantee you that you may not see anything else in years…


[embedded content]


A sport you like to practice?


I love all sports, though an injury prevents me practicing the most aggressive ones. At soccer, the best is the futsal playing.


Do you support the Barça? If not, dare to say which football team you support… if any


I’m a huge fan of Barça, it’s something in my heart. I do enjoy watching their football matches because they are absolutely the best football team in the world!


Meet Tomàs, FXStreet’s Contributor Accounts Manager
Meet Tomàs, FXStreet’s Contributor Accounts Manager
http://about.fxstreet.com/blog/feed/

Pace of job cuts in Swiss banking accelerated in first half of 2016: SBA

Switzerland's banks shed just over 1,000 jobs last year with the pace of staff cuts accelerating in the first half of 2016, although the outlook for the rest of the year was "stable", the country's banking lobby said on Thursday.

Full-time staffing levels in Switzerland fell 1 percent last year to 103,041, the Swiss Bankers Association said in its annual industry review.

Job numbers last year were hit by several foreign banks pulling out of Switzerland, the SBA said, with the number of banks in Switzerland decreasing in 2015 to 266 from 275.



However, an SBA survey also found its banks had already recorded 3,454 fewer employees in the first half of 2016, equivalent to 4.1 percent of the workforce, although "the outlook for the employment trend for the rest of the year is stable," the SBA said in a statement.



Many Swiss private banks, which for years benefited from clients bringing money to Switzerland to take advantage of the country's banking privacy rules, are struggling following a clampdown by the United States and other countries on tax evasion and increasing regulatory costs.

At an industry level, banks are under pressure to cut costs amid record-low interest rates, penalties for hoarding cash with central banks, tough financial markets and conservative trading.



Deals involving foreign banks last year included Royal Bank of Canada's sale of its Swiss private bank to Syz & Co and Union Bancaire Privee's acquisition of Switzerland-based Coutts International from Royal Bank of Scotland.

(Reporting by Joshua Franklin; Editing by Greg Mahlich)


Pace of job cuts in Swiss banking accelerated in first half of 2016: SBA
Pace of job cuts in Swiss banking accelerated in first half of 2016: SBA
http://feeds.reuters.com/news/wealth

mercoledì 31 agosto 2016

Trading ideas - European session 1 Sept

Your daily thread to exchange trading ideas and discussion 1 Sept


A new month ahead that should provide plenty of opportunities so what are you looking for?


Prefer intra-day or longer-term strategies? Central banks on the agenda with one girl in particular in focus but what else can we expect as September reveals itself?


Share all with your ForexLive community here.


Big Star - One of the greatest bands ever but who never got the success they so richly deserved. If you don't know them then my trading idea for you today is to find time to check them out. Also check Chris Bell's I am the Cosmos album. Listen, learn, and weep.


[embedded content]




Trading ideas - European session 1 Sept
Trading ideas - European session 1 Sept
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India Nikkei/Markit mftg PMI Aug 52.6 vs 51.8 prev

India August Nikkei/Markit mftg PMI reading 1 Sept 2016


  • highest since July 2015

  • boosted by surging new orders

  • 8th mftg PMI gain above 50

Better news for India after yesterday posting April-June GDP of 7.1% vs 7.6% expectations but hey, it's all relative.


India Nikkei/Markit mftg PMI Aug 52.6 vs 51.8 prev
India Nikkei/Markit mftg PMI Aug 52.6 vs 51.8 prev
http://www.forexlive.com/feed/news

ForexLive Asia FX news: China manufacturing PMI officially better (privately not so much)

Forex news for Asia trading Thursday 1 September 2016


Asia kicked off September with a data deluge, but it didn't translate into much in the way of forex movement. Check out the bullets above for all the data results, but in very brief:


  • NZD Q2 terms of trade fell dramatically (but ASB says they are about to turn much higher). NZD did little on the session, confined to a relatively small range

  • Australian manufacturing PMI dropped like a rock in the month, for its largest monthly fall ever ... AUD doesn't pay much attention to this data point though and it remained mainly unmoved (until the capex data later, but I'll get to that)

  • Aussie house price data followed, another rise (yes, again), further underlining the epic failure of the "50% price crash" crowd (will they ever learn? LOL)

  • US Presidential contender Donald Trump met the Mexican President and was told he would have to pay for his own wall

  • Japanese Q2 capex data (go on, have a guess) came in at a miss, and the yen did little. USD/JPY dribbled lower to around 103.10 during the session and then ticked back 20 points higher to be little changed for the day as I update. Japanese manufacturing PMI came out today too (the final reading for August), not matching its flash reading.

  • Australia retail sales data for July came in at a big disappointment, unchanged on the month. At the same time we got Q2 Private Capital Expenditure data, the headline was a miss but the much-awaited '3rd estimate' for 2016/17 spending came in well above expectations, negating the negative headline somewhat. The Australian dollar ticked higher after an initial spike move 20 or so points down on the headlines, and as I update its about 10 points from the day's high and 20 from its lows ... so not a large range.

  • We got two sets of PMI data from China today, firstly the official manufacturing and non-manufacturing PMIs for August - manufacturing coming in at a big beat. The private manufacturing PMI (from Markit / Caixin) followed soon after, coming in at a line ball 50 for August which would appear indecisive ... but it was a big fall from July's 50.6 result so net a poor result indeed from this one.

EUR, CHF and GBP (all against the USD) are little changed indeed on the session. Gold, ditto while oil has added a few cents.


Regional equities:


  • Nikkei +0.22%  

  • Shanghai -0.15% (ps. The head of international affairs at the China Securities Regulatory Commission (CSRC), Qi Bin, said today the country plans to raise quotas gradually for foreign investors to the A-share market)

  • HK +0.51%

  • ASX -0.12%

ForexLive Asia FX news: China manufacturing PMI officially better (privately not so much)
ForexLive Asia FX news: China manufacturing PMI officially better (privately not so much)
http://www.forexlive.com/feed/news

AUD/USD Unispired After China PMI Data, US Jobs Report Looms


Talking Points


  • Australian Dollar little changed after China Manufacturing PMI


  • Manufacturing PMI 50.4 vs 49.9 expected and 49.9 recorded in July


  • United States employment figures remain key for near term trends


Showcase your trading skills against your peers in FXCM’s $10,000 Monthly Challenge here.


The Australian Dollar showed a mild reaction after better-than-expected Chinese Manufacturing PMI data crossed the wires as U.S. employment figures remain the focus in the near term. China is Australia’s largest trading partner, meaning economic performance there can be formative for the latter country’s growth and policy trends.


Official PMI data showed that the factory sector activity grew at the fastest pace since October 2014. However, an analogous private-sector estimate from Caixin disagreed, suggesting manufacturing stalled in August having expanded in the prior month. On the services side of the equation, official figures suggested activity growth slowed for the first time in three months.


The Aussie’s tepid reaction to the data may reflect the disconnect between public- and private-sector figures. Upcoming event risk may have also played a part as markets await the release of Augusts’ US Employment report on Friday. Speculation over the timing of the next Fed rate hike has dominated investors’ attention since last week’s high-profile speech from Fed Chair Janet Yellen at the Jackson Hole Symposium.

AUD/USD Unispired After China PMI Data, US Jobs Report Looms


.


AUD/USD Unispired After China PMI Data, US Jobs Report Looms
AUD/USD Unispired After China PMI Data, US Jobs Report Looms
https://rss.dailyfx.com/feeds/all

Australia Q2 Capex - initial responses

Australian private Capital Expenditure for the second quarter, data is here (and my initial response)


More responses coming in ...

Fast FT :

  • Also disappointing was that the March quarter's contraction was revised to minus 5.4 per cent from an initial reading of minus 5.2 per cent

  • Crucially, for the current financial year the ABS's "third estimate" forecasts private capex to be A$105.17bn, which is 9.1 per cent lower that the third estimate provided at the same time last year. But today's figure is a bit higher than the A$97bn economists, on average, were expecting.

  • That forecast-beating third estimate, suggesting some economic resilience (if not defiance), is probably the key reason the Australian dollar has rallied - by one-third of one per cent to $0.7543 - in the wake of the data.

NAB:

  • For 2016-17 spend, expectations were upgraded

  • Investment is expected to decline by 12%, against prior expectations of a 16% decline

  • Non-mining investment intentions a little better at -3% from a -7%

  • Overall a little more positive than expected ... but still no real lift in non-mining investment intentions

  • Does not impact on NAB's Q2 GDP expectation for next week at 0.3% q/q



----

Note on the Capex data & next week's GDP announcement:

  • Its an input into GDP growth ( we get Q2 GDO next week from Australia)

  • Today's result could take 1.1% points off the quarterly GDP result



Australia Q2 Capex - initial responses
Australia Q2 Capex - initial responses
http://www.forexlive.com/feed/news

Crude Oil Drops Most in a Month as Inventories Swell


Talking Points:


  • Crude oil prices drop most in a month on EIA inventory figures


  • Gold prices fail to sustain intraday selloff after ADP jobs report


  • Fed commentary, ISM Manufacturing data now in the spotlight


Crude oil prices plunged after EIA inventories data showed stockpiles grew by an unexpectedly large 2.28 million barrels last week. Economists were projecting a smaller gain of 825k barrels before the report crossed the wires. An estimate from API hinted at a larger-than-forecast build but the official outcome easily dwarfed that projection as well. The WTI contract found no lifeline in supportive comments from Saudi Energy Minister Khalid Al-Falih, who said the kingdom will boost output to capacity and flood the market.


Gold prices stalled after sinking to two-month lows amid relative standstill in Fed monetary policy speculation. Comments from Boston Fed President Eric Rosengren echoed the cautiously hawkish lean on offer from Chair Yellen and Vice Chair Fischer in recent days. Remarks from Chicago Fed President Charles Evans and Minneapolis Fed President Neel Kashkari were mostly uneventful. Narrowly better-than-expected ADP Employment data fueled an intraday spike lower but follow-through proved limited.


Looking ahead, the Fed rate hike outlook remains in the spotlight as Augusts’ ISM Manufacturing report and scheduled commentary from Cleveland Fed President Loretta Mester cross the wires. US economic news-flow has cautiously improved relative to consensus forecasts over the past week, hinting at the possibility of an upside surprise. Such a result would be amplified if Mester follows fellow FOMC voter Rosengren, toeing the line established by Fed leadership last week. 3


An up-shift in tightening bets stands to boost the US Dollar and weigh on commodities in this scenario. Follow-on momentum may be limited however as traders withhold directional conviction ahead of the looming release of official US Employment figures on Friday.


Retail traders are net-long gold. Find out here what this hints about where prices are going.


GOLD TECHNICAL ANALYSISGold prices paused to digest losses at support in the 1303.62-08.00 area (May 2 high, 38.2% Fibonacci retracement), a barrier capping the downside since late June. A daily close below this barrier opens the door for a test of the 50% level at 1287.29. Alternatively, a reversal above support-turned-resistance in the 1329.79-33.62 zone (August 8 low, 23.6% Fib) sees the next upside barrier at a falling trend line set from the early-July swing top, now at 1349.64.

Crude Oil Drops Most in a Month as Inventories Swell


CRUDE OIL TECHNICAL ANALYSISCrude oil prices continue to decline after carving out a top below the $49/bbl figure (as expected), posting the largest daily decline in a month. A daily close below the 50% Fibonacci retracement at 44.07targets the 61.8% level at 42.91. Alternatively, a move back above the 38.2% Fibat 45.22 exposes the 23.6% retracement at 46.65 anew.

Crude Oil Drops Most in a Month as Inventories Swell


--- Written by Ilya Spivak, Currency Strategist for DailyFX.com


To receive Ilya's analysis directly via email, please SIGN UP HERE


Contact and follow Ilya on Twitter: @IlyaSpivak


Crude Oil Drops Most in a Month as Inventories Swell
Crude Oil Drops Most in a Month as Inventories Swell
https://rss.dailyfx.com/feeds/forex_market_news

Japan Q2 Capex, company profits and sales data

Japan second quarter capital expenditure data and more


Capital spending, +3.1% y/y     MISS

  • expected +5.5%, prior +4.2%

Capital spending excluding software, +3.1% y/y     MISS

  • expected +5.5%, prior +4.3%

Company profits -10.0%     DOWN ON PRIOR

  • prior -9.3%

Company Sales -3.5%     DOWN ON PRIOR

  • prior -3.3%

more to come



Japan Q2 Capex, company profits and sales data
Japan Q2 Capex, company profits and sales data
http://www.forexlive.com/feed/news

Comments from Westpac on Australian Capex data due today

I posted a preview of the Q2 Capital Expenditure data here a few minutes ago


Some commentary from Westpac:

  • The emergence of a sustained upswing in investment by the service sectors is a key element in the economy's successful transition from growth led by mining investment to strength across the broader economy

  • Some fundamentals are in place for an emerging and sustained uplift in service sector investment. Notably, demand across the non-mining economy grew by an above trend 3.8% over the past year. (Here we are referring to household and public demand, plus net service exports). Furthermore, some spare capacity has been absorbed, as evident in the private business surveys.

  • However, potentially impacting Estimate 3 is the lingering uncertainty around public policy following the close Federal election result. That could see businesses delay committing to additional investment. Moreover, the impacts of the mining investment boom and its subsequent unwind are far reaching. Some service sectors provide inputs into mining projects and these linkages are now a source of weakness.



Comments from Westpac on Australian Capex data due today
Comments from Westpac on Australian Capex data due today
http://www.forexlive.com/feed/news

Thursday 1 September 2016 trade ideas thread

Welcome to the new month!


Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:        



Thursday 1 September 2016 trade ideas thread
Thursday 1 September 2016 trade ideas thread
http://www.forexlive.com/feed/news

US stocks end the month with a down day

Mixed for the month


The major US stock indices are ending the day lower today. For the month, the performance is mixed:


  • S&P index is down -0.24% for the day.  For the month the index was down -0.17%

  • Nasdaq index is down -0.19% for the day, but for the month, it rose by a modest 0.99%

  • Dow Industrial average fell by -0.29% for the day. For the month, index fell by -0.17%.




In the US debt market today:



  • 2 year note is trading at 0.805%, up 1 BP. The yield is up about 15 BP on the month (closed at end of July at 0.6554%). 

  • 5 year note is trading at 1.1944%, up 2 BP. The yield is up about 17 BP on the month (closed at end of July at 1.0237%)

  • 10 year note is trading at 1.5783, up 1 BP. The yield is up about 12 BP on the month (closed at 1.4531%)

  • 30 year bond yield is trading at 2.2313, unchanged on the day. The yield is up about 5 BP on the month (closed at 2.1827%).

In commodities this month:




Highlights include:


  • Crude oil rose by 7.69% on the month (up $3.17)

  • Gold fell -3.17% on the month (down $42.95)

  • Silver fell -8.28% on the month (down $1.68)

  • Copper fell -6.46% during the month

  • Agriculture commodities were mostly lower with the exception of Sugar which rose by 5.30%.  Wheat and cotton led the decliners, falling by -11.47% and -11.92% respectively. 






US stocks end the month with a down day
US stocks end the month with a down day
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