In the September 2011 quarter, salary and wage rates (including overtime) rose 0.6 percent. In the year to the September 2011 quarter: Salary and wage rates (including overtime) increased 2.0 percent. Overtime wage rates increased 2.2 percent. Private sector salary and ordinary time wage rates… read full news Published: Tue, 01 Nov 2011 07:49
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Monthly Archives: October 2011
Australian PMI: Pace of manufacturing decline eases in October
The latest seasonally adjusted Australian Industry Group – PwC Australian Performance of Manufacturing Index (Australian PMI) contracted in October, albeit at a slower rate than recent months, rising 5.1 points to 47.4. The decline was particularly pronounced across the clothing and footwear sub… read full news Published: Tue, 01 Nov 2011 07:49
EURUSD: Tumbles Lower On Price Failure, Downside Risk Seen Towards The 1.3721 Level.
EURUSD: While the pair may be holding on to some of its recovery gains, its inability to strengthen further leading to a price sell-off today suggests further declines is likely in the days ahead. With a reversal of its past week losses seen during Monday trading session, there is scope for price… read full...
Big rise in deposits boosts banks before Australian rates decision
BANKS are flush with funds before an expected cut in the Reserve Bank’s cash rate today, which means they are in a position to pass on in full a saving to a typical mortgage holder of $49 a month. Prudential Regulation Authority figures show an extra $12.3 billion was pumped into bank deposits la…...
Greek Prime Minister Calls For Referendum On New EU Aid Deal
Greek Prime Minister George Papandreou Monday called for a popular referendum on a newly minted aid-and-debt deal for Greece, while also demanding a fresh vote of confidence in his embattled Socialist government. “For the new deal we have to go to a referendum,” Papandreou told Socialist party d… read full news Published: Tue, 01...
ISDA Says 50% Greek Bond Haircut “Appears” Voluntary
Well, they are right: 50% and the gun next to your head does not go off, hence “voluntary” or push for fair treatment in bankruptcy, get exiled from the ponzi in perpetuity, and hope for a 0% recovery at best. Next steps: the upcoming 90% haircut, which make no mistake is coming once the...
EUR/CHF Continues Bearish Downturn Within Long-Term Downtrend
EUR/CHF (daily chart) as of Monday (10/31/2011) has continued its fall towards the significant 1.2000 psychological support level after having turned down two weeks ago from an important long-term downtrend resistance line extending from the December 2009 high and the key 1.2400 price region. After… read full news Published: Tue, 01 Nov 2011 03:49
USD/JPY: Trading the ISM Manufacturing PMI
The ISM Manufacturing PMI (Purchasing Manager Index) is based on a survey of purchasing managers active in the critical manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in the US. This important economic indicator is released during the first week… read full news Published: Tue, 01 Nov 2011...
GBP/USD taking flight; No signs of typical EUR/GBP demand
Looks as though the usual month-end demand for EUR/GBP has absented itself this month. Typically the UK makes a payment to the EU that tends to support the cross on the last trading day of the month. Perhaps some got short cable based on that expectation and are now getting it around the neck....
TradoLogic Unveils New Set of Tools
Typically software providers keep patent pending features closed to the chest but TradoLogic here is releasing the list trying to attract new customers. Some of the tools are quite interesting. TradoLogic has publicly revealed its trading tools, and has given a sneak preview of the tools that a… read full news Published: Tue, 01...