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Back To Dominate The MarketsTitle:
U.S. Ahead: Inflationary, Manufacturing and Retail Sales Data Shed More Light on the World's Leading
The U.S economy returns next week with new economic fundamentals after we witnessed almost a steady week in the U.S markets amid absence of key economic releases, whereas the U.S. will release data regarding costs, Manufacturing and retailers which may hopefully lure the stoked markets as pessimism still dominates the scene.
If truth be told, markets are closely watching recent economic indicators along with global developments, with pessimism still revolting the outlook of the Superpower as investors are strongly anticipating any clues regarding a new stimulus to rescue the worsening economic conjuncture, especially after Fed Chairman gave no hints regarding a third round of quantitative easing and instead confirmed the Fed have the appropriate tools to be used very soon.
This week, the ...
Title:
A Bad Week for the EUR Indeed
The Week Ahead
Highlights
A bad week for the EUR indeed
Risk sentiment continues on the brink
Key data & events to watch next week
A bad week for the EUR indeed
In last week's report I cautioned that the EUR might be in for a very bad week, which turns out to have been an understatement. The week began with fresh selling from the mid-1.41 area as concerns mounted that Greece would not receive the next installment of the EU bailout package. The selling was briefly interrupted by the SNB's surprise announcement that it was putting a floor under EUR/CHF at 1.2000, which provoked a brief spike into my preferred sell-zone between 1.4250/1.4350. EUR/USD then stabilized for a period above the key 1.3950/1.4000 support zone, which ultimately gave way on a more dovish ECB statement ...
Title:
UK Jobless Rise to Rattle MPC
Economic Data Analysis
UK Jobless Rise to Rattle MPC
Policy moves from the SNB and White House put spotlight on global support measures, despite no change from the ECB or BoE.
The G7 meet this weekend. Coordinated action remains unlikely at this stage.
Euro area developments continue to dominate - all eyes on Thursday's EU finance ministers meeting
The UK claimant count for August could post a surprise - we look for a rise of 50k.
A week of key policy decisions has seen risk sentiment improve a little. The passage of the Italian Budget through parliament allowed the ECB to resume supportive BTP purchases, relieving some of the market tension. Meanwhile, the Swiss National Bank's (SNB) decision to intervene to cap the Swiss Franc, and President Obama's proposed $447bn ...
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Analysis: Baby boomer fears cast another pall over markets
(Reuters) - Even as anxiety over policy inertia, banking and sovereign debt crises dominate the headlines, a long-festering concern over the impact of aging Western populations on stock markets is returning to add even greater gloom.
Hopes are dimming for a resolution of the worst ravages of the 2007-2009 credit shock before the mass retirement later this decade of the "baby boom" generation - the outsized population cohort born shortly after World War Two.
For many convinced of the long-term power of demographic trends on financial markets, the fuel for ever-rising stock markets is already evaporating fast and a 10-year equity bear market at least is in the offing.
These long-held concerns are now critical in a decade where the 79 million U.S. people born between 1946 and 1964 start ...
Title:
Forex - USD Gains as Sentiment is Decidedly Bearish
Forex News and Events:
FX traders remain focused on Friday's disappointing US payroll report and the growing prospect of further Fed action this month. Just to recap Friday, payrolls were limp with NFP unchanged on the month and private payrolls adding just a meager 17k. The downward trend in hours and earnings continues to offset the lone bright spot in Household employment. This number, clearly highlights what analysts and even very late to the party politicians have been saying for a while now, that without jobs the US economic could never really recover. And now it seems that the US economic data is trending back towards recessionary growth territory. But with fiscal spending off the table for now (or at least we believe), it will be up to the Fed to attempt to stimulate real ...
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Disappointing US labour data on friday
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
USD
Risk sentiment was muted in Asia, mainly due to disappointingUSlabour data and intact uncertainty about the Eurozone. According to Friday’s payrolls report US employers added no new jobs in August. The unemployment rate was stuck at 9.1%. With the labour market remaining weak, there is no indication for a quick rebound in consumer sentiment and hence domestic demand. Elsewhere, according to S&P, eurobonds, if becoming reality, would be rated according to the weakest member state. InGermanyChancellor Merkel’s party lost regional elections in Mecklenburg-Vorpommern. This also comes in response to voters’ discontent with Merkel’s handling of the debt crisis. As a result to above outlined conditions, most Asian stock markets indices are ...
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The U.S. dollar benefits from jittery markets
First of all, we should ask our selves about the reason behind the pessimism that dominates the markets! Where investors despite the downbeat data were optimistic, because downbeat data supports a possible fed’s intervention to revive the pace of recovery, in addition, downbeat European data wasn’t taken into consideration previously in light of the stability of the debt crisis, after jitters and tension eased in regards to the crisis. As for the global economy, investors ignored negative data because they trust that central banks would intervene and support the economy and would prevent it from falling into another recession.
The euro zone economic confidence retreated to 98.3 from 103.0, while the business climate indicator decline to 0.07 from 0.44 points.
The mentioned downbeat data ...
Title:
EFSF Faces Collateral Damage
Economic Data Analysis
EFSF Faces Collateral Damage
Ongoing concerns over euro periphery dominate, but risk appetite improves slightly.
Bernanke due to give keynote speech later today. Markets expect him to stop short of signalling further QE.
Weak US payrolls and global manufacturing surveys likely to validate markets' dovish sentiment in the coming week.
A slight improvement in global risk sentiment over the past week belies ongoing tensions in the euro area periphery, with the CDS spreads of Greece, Ireland, Portugal and Spain coming under renewed upward pressure. The catalyst for the latest bout of EU tensions has been Finland's insistence that Greece should post collateral against any further extension of EFSF bail-out funds. Its demands have prompted others, notably ...
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The U.S scene prepares to witness fresh economic releases, reflecting the progress of the Superpower
We’re on a threshold of a new week with a fresh economic agenda that will unfold many key economic fundamentals to mirror the recent economic conditions, topped with housing and manufacturing indicators, in addition to income and jobs data, which will strongly steer the global markets throughout the coming week.
The start will be with July’s income report, where projections suggest that personal income may have risen by 0.3 percent in past month with personal spending probably accelerating by 0.5 percent, indicating the superpower’s spending levels are improving reluctantly and thus confirming the ongoing deterioration that is limiting the desired economic improvement.
Keeping in mind, spending levels nearly accounts for 70 percent of the U.S economic growth which is most-dependent on ...
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