The Traderszone Network

Coming to, or rather from, every forced “minimum wage” provider near you. And don’t forget to thank your micromanaging, centrally-planning government.

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This is from a September 7 note
Société Générale recommend at GBP/JPY short at 182
– Their profit target is 155
– Their stop loss is a 197
SG’s reasoning:

Here’s a that finds little evidence that the twice daily FX price fixing was manipulated
research paper
We empirically examine the movement of prices around the time of fixing.
Its about time we got some research on this instead of the merely populist media bleatings on the issue.

The United States Bureau of Engraving and Printing makes approximately $696 million in currency each day. Amazingly, according to their very fitting website MoneyFactory.gov, in the fiscal year of 2014 they printed over $2.2 billion in $1 bills alone. It’s good practice, because with concerns of deflation circulating around Europe and Asia, the Feds may want to put the printing presses into overdrive.

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Whether it is due to thin holiday liquidity, due to the BOJ intervening just ahead of its usual time, because Japan’s “legendary” Twitter trader “CIS” just went bullish (again), because prime minister Abe just learned he would be reinstalled as head of his ruling LDP party because no challenger had emerged unleashing three more years of unchallenged Abenomics, because Japan’s Q2 GDP was

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Japanese PM Abe gets a 2nd term as PM
There was no challenger  with enough support to register for a challenge

Statistics New Zealand has today corrected some consumers price index (CPI) figures for the March and June 2015 quarters
– As a result, the ). The quarterly June CPI movement remains at 0.4 percent.