Global Economic Data & News 02 (Nov 15 - Apr 22)

Re: Global Economic Data & News

Postby winston » Fri Jul 22, 2016 8:14 am

Global trade is weakening

If things are so good, trade volumes should be picking up steam. Instead, they are plodding along at a listless pace.

That's according to the World Trade Organization, which is forecasting the fifth year in a row of less than 3% growth in global trade.

And 3% is the rough dividing line between "okay" and "no way."

Source: Non-Dollar Report
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Market Sentiment 04 (Jun 14 - Dec 16)

Postby behappyalways » Tue Jul 26, 2016 10:58 pm

US makes new all-time high but NYA and Nasdaq lag
Thailand bullish: target of 1,600 confirmed
Pound turns on 23-year support


25th July:

• US indexes: S&P and Dow have made new highs, but the New York Composite is lagging, as is the Nasdaq.
• US interest rates appear to have bottomed.

• Oil has met with resistance and would not surprise if it fell below $40 per barrel in the next month or two.
• Gold and silver are both looking bullish, with a little more upside to be expected before resistance.

• Europe: nice bottoming potential on good support
• Euro: long term bottoming hope
• The pound is on very good long term support

• Australia looking bullish, nothing much to tell about the currency.

• Hong Kong: small bottom but no persuasive volume but slight encouragement from a drift above channel resistance.
• Thailand: target of 1,600 confirmed by very strong volume and a breakout from the banking sector
• Taiwan: nice bottom and breakout


Charts current to 22nd July.
http://asiachart.com/
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Re: Global Economic Data & News

Postby behappyalways » Sun Jul 31, 2016 12:49 pm

Is It an Island or a Rock? Ruling Could Cost U.S. a Huge Swath of Ocean
http://www.bloomberg.com/news/features/ ... omic-zones
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Re: Global Economic Data & News 02 (Nov 15 - Dec 16)

Postby behappyalways » Tue Aug 02, 2016 6:43 pm

Surging world growth makes a mockery of Brexit panic
http://www.telegraph.co.uk/business/201 ... xit-panic/
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Re: Global Economic Data & News 02 (Nov 15 - Dec 16)

Postby winston » Wed Aug 17, 2016 7:50 am

Middle-Class Consumption

A recent report by the Washington- based World Bank has estimated that 93 percent of the global middle class will hail from emerging markets by 2030.

Consumption by the global middle class is forecast to hit US$55.7 trillion (HK$434.46 trillion) by 2030 - that's up more than 160 percent from US$21.3 trillion in 2009.

The adoption of middle class lifestyles will be likely to have huge implications for providers of goods and services of all types.

Makers of cars and other consumer discretionary goods and providers of financial and medical services will be beneficiaries.

In the Asian Pacific region, consumption is estimated to grow from US$5 trillion to US$32 trillion in 2030

Source: Dr Check, The Standard
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Re: Global Economic Data & News 02 (Nov 15 - Dec 16)

Postby behappyalways » Fri Aug 26, 2016 10:48 am

Global trade at slowest pace in 7 years
http://money.cnn.com/2016/08/25/news/ec ... index.html
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Re: Global Economic Data & News 02 (Nov 15 - Dec 16)

Postby winston » Wed Aug 31, 2016 9:25 am

“There Will Be Blood” – It’s All About Russia and China

By Pepe Escobar

Source: SputnikNews.com

http://www.thetradingreport.com/2016/08 ... and-china/
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US - Market Direction 38 (Apr 16 - Aug 16)

Postby behappyalways » Wed Sep 07, 2016 11:46 am

US markets sleep through summer, Europe and Asia looking bullish

Gold has tentative target of 1,550

5th September: US markets are testing resistances, but nothing much has happened in the last couple of months.

Europe is looking more bullish, but still major resistance on the Eurostoxx.

Emerging markets are ambiguous, but Thailand is looking bullish, as are Australia, Taiwan and Philippines.

Source: http://asiachart.com/
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Re: Global Economic Data & News 02 (Nov 15 - Dec 16)

Postby behappyalways » Thu Sep 08, 2016 5:32 pm

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Re: Global Economic Data & News 02 (Nov 15 - Dec 16)

Postby winston » Sun Sep 11, 2016 5:20 am

Risky financial markets

BY CECILIA KOK

The US economy, for one, is expected to see its growth slow to 1.4% this year from 2.4% in 2015 before picking up slightly to 1.7% in 2017, while Japan is expected to see its growth stagnant at 0.6% in 2016 and 2017.

Expansion in the 17-nation eurozone, meanwhile, is expected to slow to 1.4% in 2016 and 1.2% in 2017, while that in the UK economy is expected to decelerate to 1.7% in 2016 and 1.2% next year.


Rabobank expects China economy to continue slowing, with its gross domestic product (GDP) growth expected to decelerate to 6.5% this year and 6% in 2017.

Last year, the world’s second-largest economy grew 7%.

“China’s slowdown is a structural problem, not a cyclical one,” Every says.

“Its state- and debt-led recovery is proving to be unsustainable,” he adds.

Every notes that China’s debt has ballooned to a whopping US$2.1 trillion (RM8.54 trillion), or 21% or the country’s GDP.

Private investment in the country, on the other hand, is not growing, which could mean no growth in the future – a similar problem faced by many other economies in the world.

Every says China is likely to devalue its yuan ahead of the potential Trump presidency to protect its trade interests. He adds that a big devaluation in the Chinese currency could lead to chaos in global financial markets.


Rabobank assumes that the yuan-to-US-dollar exchange rate will weaken from the current 6.66 level to 6.80 in three months’ time, before dropping further to 7.00 in six months and 7.60 within a year.

Similarly, other regional currencies will weaken against the US dollar due to the weakening of the yuan.

For instance, Rabobank expects the ringgit to weaken to 4.10 against the greenback in three months’ time, before depreciating further to 4.20 in six months and 4.45 within a year’s period.


Source: The Star

http://www.thestar.com.my/business/busi ... l-markets/
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