Author: Eamonn Sheridan

French Economy Minister Emmanuel Macron in pre-released excerpts of his interview with German newspaper Sueddeutsche Zeitung

Headlines via Reuters 

  • We want a new start for europe
  • Wants a Euro commissioner with wide-ranging powers to coordinate euro zone economic and finance policy
  • If Eurozone states are not ready for some form of financial transfers, we can forget the euro
  • A currency union without fiscal equalisation won't work; the strong have to help out

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TL/DR? Here's the short version

  • MOAR government please

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Author: Eamonn Sheridan

Economic data due from Australia - private inflation gauge and more

0030GMT - TD Securities/Melbourne Institute (MI) Inflation Gauge for August, -  prior was 0.2% m/m and 1.6% y/y. - The  'trimmed mean' for July was +0.1% m/m & +1.5% y/y Inflation on this measure is not a concern for the RBA

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Author: Eamonn Sheridan
1

Economic data due from Japan

Due from Japan today 2350GMT - Preliminary Industrial production for July - For the m/m, expected is +0.1%, prior was +1.1% - For the y/y, expected is +0.8%, prior was +2.3% 0400GMT - Vehicle production for July, prior was -5.3% y/y

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Author: Eamonn Sheridan

NZD traders - Economic data due from New Zealand today

Quite a good bit of data due from New Zealand today 2245GMT - July Building Consents (also known as Building Permits) m/m, - prior was -4.1% 0100GMT - August ANZ Business confidence,

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Author: Eamonn Sheridan
11

New FX week! Lets kick it off with Monday's trade ideas thread

I hope everyone had a great weekend. If its still the weekend where you are - squeeze more fun out of it, Monday is on the way! This is me this morning Any trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:

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Author: Eamonn Sheridan
6

Monday morning FX - early opening prices

Good morning, afternoon, and welcome to the beginning of the new FX week. At this time market liquidity is super thin compared to most other times of the trading week, so please take care out there.

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Author: Adam Button
9

Options market points to more trouble in China and US

Late week rebound didn't slow put buying Bloomberg writes about how options traders in China have built a large premium into bearish Chinese ETFs compared to bullish ones.

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Author: Adam Button

USD, EUR, CAD, AUD, NZD: Outlooks for the coming week - Morgan Stanley

From Morgan Stanley FX research: " USD: USD Strong against EM. Bullish. We see scope for USD strength to continue. However, we distinguish between the performance of USD against low yielding funding currencies, where we see less scope for depreciation, and against commodity currencies and EM, where we expect strength to be focused. Even the risks of a more dovish Fed are unlikely to drive USD to depreciate against this latter group of currencies, as growth prospects in the rest of the world remain below those of the US.

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Author: Eamonn Sheridan
6

Oil - Warren Buffett increases his bet on the energy sector

Berkshire Hathaway disclosed a $4.5 billion stake in a Houston-based oil refiner according to a regulatory filing issued Friday - Buffett's company now holds more than 10%  percent of the total outstanding shares in Phillips 66 Says  Cliff Gallant, an analyst at Nomura Holdings

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Author: Eamonn Sheridan
1

Couple of weekend Greece headlines - polls and IMF comments (bonus China comment too!)

With the Greek crisis off the market's top concern list, just a catch up on a couple of headlines this weekend: There is a national election next month - Former Greek PM Tsipras's Syriza party is leading the conservative opposition Christine Lagarde, head of the International Monetary Fund, speaking with Swiss newspaper Le temps ():

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Author: Ryan Littlestone

Jackson Hole central bank roundup

There's nothing major out of the Hole this time around so here's the latest BOE's Mark Carney was pretty run of the mill and all but kept prior MPC language - BOE can look through temporary disinflationary effect Fed's Stanley Fischer had a bit to say and it was a lot like his comments yesterday but just said differently

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