The Traderszone Network

Oil prices edged up in Asian trade on Thursday, gaining support from a weaker dollar to hold above a three-week low hit in the previous session after a bigger-than-expected build in U.S. crude stocks added to concerns of a global oil glut.

Recent outflows of money from China are “normal” and not a sign of panic capital flight, a senior official at the foreign exchange regulator said on Thursday, downplaying fears over growing outflows as the economy slows. China is confident in keeping international payments and receipts balanced in the future thanks to a positive economic outlook, Wang Xiaoyi, deputy head of the State Administration of Foreign Exchange (SAFE) told a news conference. “Current changes (in capital flows) are normal, which should not be regarded as capital flight,” Wang said.

DIHK Chambers of Commerce with latest outlook
– 2016 growth +1.3% vs previous forecast to post similar to 2015
– business expectations for coming month s are weaker
Ah yes, but think of all that cheap immigrant labour you’re going to have

Currently 0.7328 chewing through bids as euro dips lower. UK retails on the risk agenda at 08.30 GMT
Offers:
Bids: 
0.7325-30 0.7310
0.7300 0.7285 0.7265 0.7250 0.7230 0.7200

The top U.S. financial regulator called for new oversight and risk controls on high-frequency traders that invest in Treasuries, saying rules haven’t kept pace with electronic strategies that now dominate the market.

Currently 1.1312 as DAX/equity markets turn positive. Large today as well as ECB
option expiries
Offers
 1.1330 1.1350 1.1380-85 1.1400 1.1425-30 1.1455-60 1.1485 1.1500 (barrier option- stops above) 1.1530 1.1550
Bids: 

The U.K.’s antitrust regulator says Britain’s retail banking market isn’t competitive enough, but held back from forcing the country’s big lenders from making any radical changes to their businesses.
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