MY.BLOGTOP10.COM

Agrees with people who are worried about high taxBut priority has to be on the inflation frontThere is nothing automatic about bringing down inflationGovernment supports the BOE "150%"Hunt also adds that they are not in a position to know if there will be room to cut...

EUR/USD daily chartWell, the previously highlighted triple top pattern above 1.1000 is truly playing its role as the ominous signal for EUR/USD price action at the moment. The pair is trading down 0.3% again today to 1.0830 as sellers are pushing the agenda, staying...

And in turn, that is keeping the dollar underpinned as we also get into European trading today. USD/JPY is now up 0.4% to 136.90 while EUR/USD is down 0.2% to 1.0838 with GBP/USD down 0.4% to 1.2431 on the day. There's still plenty of pushing and pulling in broader...

Eurostoxx -0.1%Germany DAX flatFrance CAC 40 -0.2%UK FTSE -0.2%Spain IBEX -0.3%It's a tentative one with US futures marginally higher on the day. I know I sound like a broken record when I say that markets are still figuring things out since last week but it is what...

USD/JPY daily chartThere's not much in terms of headlines driving the move as we get into European trading, with the pair now nudging higher to 136.80 levels. It looks just like a further technical extension as buyers are moving towards testing the 200-day moving...

German DAX futures flatUK FTSE futures -0.1%After the slight drop yesterday, equities are holding little changed so far today. S&P 500 futures and Nasdaq futures are up 0.1% while Dow futures are flat. That's not leaving a lot for traders to work with as we look...

The push and pull in markets continue with the dollar showing some added resilience yesterday, with USD/JPY now racing back towards its 200-day moving average near 137.00 while gold fell back below the $2,000 mark.Markets need some form of big push but they aren't...

Dollar bulls kept the faith in trading yesterday after a good set of US data releases, headlined by the retail sales report here. Odds of a 25 bps rate hike for next month moved up slightly but is now still just showing an 18% probability.Some Fedspeak also helped to...

The greenback held its ground in trading yesterday, helped out by a couple of US data points - most notably retail sales. USD/JPY in particular maintained a push above 136.00 and is now perhaps looking towards its 200-day moving average at 137.04 next.In broader...

Bank of America on the US debt ceiling outlook:Should any X-date breach last a month or more and involve prioritization of debt payments it would mean immediately cutting spending by about 5% of GDPWhat this means is that:this would turn an otherwise mild recession...

Preliminary GDP data for Japan in the January – March quarter was released today, coming in well above expectations at +0.4% q/q (versus the +0.1% that was the median consensus). While this is a solid expectation beat its still not overly quick growth, but it’s the...

Japan's economy minister Goto on the data earlier and its implications:need to carefully watch the impact of price rises on consumers Future economic growth will be moderate thanks to rising salaries, better attitudes, and a healthy hunger for company investment.To...

The National Development and Reform Commission of the People's Republic of China (NDRC) says it:approved 56 fixed-asset investment projects worth a total of 378bn yuan in the January - April periodand for April alone it approved 14 fixed-asset investments worth 98bn...

From the Bank of America Asia Fund Manager Survey (FMS), dour reading on the China outlook. China: from unabashedly bullish to fatigued skepticism The January Asia FMS professed an unambiguously bullish outlook for China. However, uneven economic recovery and...

The data release is here:The q/q change missed expectations while the y/y slightly pipped higher at 3.7% the best in a decade. But with CPI at 7% real wages dropped. The RBA is wary of a wage-price spiral higher, there isn't much sign of this with the data today....