Weekly Outlook 03 August 2014
by Cliff Wachtel, FX Empire
FX Traders' weekly EURUSD fundamental & technical picture, this week's market drivers that could change it- the bullish, the bearish and likely EURUSD direction.
The following is a partial summary of the conclusions from the
fxempire.com weekly analysts' meeting in which we cover outlooks for the major pairs for the coming week and beyond.
Summary
- Technical Outlook: Near term neutral, longer term bearish as detailed below.
- Fundamental Outlook: Neutral Near Term, Bearish Longer Term & Why
- Trader Positioning: Longs Primed To Capitulate On Signs Of Further Weakness?
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from Freddie Mac
Freddie Mac has sold deeply delinquent loans from its investment portfolio. The transaction consists of $659 million in unpaid principal balance of loans. It is expected to close later this month.
Weekend Market Commentary: What Is High Frequency Trading And Should We Be Concerned?
UPDATED: 0900 EST 2014-08-02
Last week I wrote about one of the low-life aspects of the market and today I write about another; High frequency Trading (HFT). I can not see where these 'SkyNet' like computers contribute to the well being of the retail market. These HFT algo computers that skew the open retail market is where 9 out of 10 investors are going to loose, said Sriram Srinivasan.
With Texas governor Rick Perrys recent announcement that he is sending National Guard troops to the border campaign season has begun. Is it just a coincidence that he was in Iowa when this news started to break.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
- One dead, 20 hospitalized from apparent overdoses at Maryland concert (Brendan O'Brien, Reuters) A North Carolina man died and 20 people were hospitalized due to apparent drug overdoses during a pop and dance music festival in Maryland, authorities said on Saturday. The event was traveling concert series known as the Mad Decent Block Party held Saturday 02 August at Columbia, MD, about 20 miles west of Baltimore.
by Jeff Miller, A Dash of Insight
Put together these ingredients: The biggest weekly market decline in two years, the winding down of earnings season, and a light week for economic data. The result? Financial TV producers will be seeking experts to explain whether we are starting a major correction. Analyzing the Fed will be a favorite theme.
Unless and until we get a bit of a rebound in stocks, I expect a focus on this question:
Will it all end badly?
by Lee Adler, Wall Street Examiner
Initial claims for unemployment are below bubble record levels after first reaching that extreme in September of last year. The warning signs of a distorted, maladjusted, overheated economy continue.
Read more >>
by Dirk Ehnts, Econoblog101
In a NYT article, Laurence Kotlikoff gives us his account of economics as it used to be: a science to confuse the public about what a government can and can't do:
HOUSEHOLDS can't spend, on a continuing basis, more than they earn. Countries can't either, at least not over the long run. But countries can certainly leave the bill for their current spending to the young and to future generations. Official borrowing is the old-fashioned way to do this: Sell Treasury bonds, and other securities, and spend the proceeds. But borrowing in broad daylight has a drawback: The more you do it, the more lenders worry about repayment, and the more interest they charge for their loans.
The Chart of the Week 31 July 2014
Written by John O'Donnell, Online Trading Academy
The Starship Enterprise allusion is used because China has "gone where no man has gone before" in the world history of capitalism. The outcome resulting from this explosion of credit has yet to play out. Whether the outcome is good or bad for China and the global economy, investors will be presented with new risks and new opportunities. The challenge, of course, will be to recognize the differences (opportunities vs. risks) before things play out.
Bank assets are discussed in video following the Read more >> jump.
by Shelley Kais
The rest of the nation is beginning to see what we in Southern Arizona have known all along: the border is not secure. What most Americans don't yet understand is that the arrival of tens of thousands of Central Americans is no surprise: not to the President, not to the federal government's Office of Refugee Resettlement (ORR), not to the many other federal agencies whose budgets have increased in recent years in preparation for it, and not to Congress, which approves those budgets.
by Kausik Datta, The Conversation
Nations of the world came together in 2000 to make a solemn commitment to humanity to combat tuberculosis (TB), HIV/AIDS and other devastating diseases. This pushed governments to set up aggressive public health measures towards eradicating TB, but they have achieved only limited success. The moderate achievements have also been plagued by the paucity and poor quality of health data from lower-income countries.
by Poly, Zentrader
Editor's note: This article was previously posted 31 July 2014, excerpted from the weekly paid subsctiption article published 28 July.
This is an excerpt from this week's premium update from the The Financial Tap, which is dedicated to helping people learn to grow into successful investors by providing cycle research on multiple markets delivered twice weekly. Now offering monthly & quarterly subscriptions with 30 day refund. Promo code ZEN saves 10%.
From ancient times, humans looked at the moon and wondered what it was, and if it were possible to go there.
Special X-factor Report 28 July 2014
by Lance Roberts, StreetTalk Live
SEC Rules To Put "Gates" On Money Market Funds
This past week the S.E.C. passed a new rule when they voted 3-2 to require institutional money market mutual funds to adopt a floating net asset value. The SEC also imposed liquidity fees and redemption gates, changes that muni market groups have said will hurt the market as well as state and local governments.
by Felix Richter, Statista.com
Nowadays, as electronic gadgets are more entangled in our lives than they have ever been, when a new version of our favorite gadget comes out, there are several things that start to happen.
