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The Big Picture: Jul 31, 2015

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by Pebblewriter, Pebblewriter.com

I'm still on the road today, so it seems like the perfect time to review the big picture for SPX. It's been over two months since we posted The Last Big Butterfly that reminded members of the last remaining large-scale harmonic pattern on the charts - also the biggest impediment to a continued rally.

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 more WWRT

What We Read Today 01 August 2015

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.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

BECOME A GEI MEMBER - IT's FREE!

Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

Shadow Play: How China's Unregulated Banks Feed Its Boom and Bust Economy

by Nafis Alam, The Conversation

More turbulence on the Chinese stock market highlights just some of the challenges facing the world's second-largest economy. Following losses of US$3 trillion in the three weeks from mid-June, the Shanghai Composite has since recorded its biggest one-day fall for more than eight years. It's clear that regulatory reform is needed in the country's financial sector and China's large shadow banking sector is one area in particular need of government intervention.

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Infographic Of The Day: Happiness Index

Find Out Where Your Country Ranks on the Happiness Index (Infographic)

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Video of the Day:

A private jet has crashed in southern England, killing four people on board. The Saudi Ambassador to Britain confirmed that among the victims were members of the bin Laden family.


video of day picture





FOREX NEWS by DailyForex

Dollar’s Momentum in Overdrive

The U.S. Dollar continued to gain positive momentum in the wake of the Federal Reserve’s latest policy decision.

Fed Still On Line for September Rate Increase

The U.S. economy continues to improve with decreasing unemployment and improvement in the housing sector.

Japan Moves to Eclipse China in Retail Sales

Markets have a way of switching gears almost overnight and that is what seems to be happening in Asia.

Yen Dips as Safe Haven Appeal Wanes

The US Dollar edged higher against the Japanese Yen as investors dismiss the recent rout in Chinese equities and as speculation grows that the U.S. could soon see a rise in interest rates.

Will Fed Hint at Rate Increase at Wednesday Meeting

The big question hanging in the air this week is whether or not the Fed will officially schedule a date for the interest rate increase which it has been predicting for the last few months.
 more investing, markets, precious metals & forex

Investing.com Weekly Wrap-Up 31 July 2015



 more opinion

Currency Devaluation: The Crushing Vice of Price

by Charles Hugh Smith, Of Two Minds

Devaluation has a negative consequence few mention: the cost of imports skyrockets.

When stagnation grabs exporting nations by the throat, the universal solution offered is devalue your currency to boost exports. As a currency loses purchasing power relative to the currencies of trading partners, exported goods and services become cheaper to those buying the products with competing currencies.

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 USA economy at a glance (boxed items are updates in last 7 days)

Leading Index Review: June 2015 Philly Fed Leading Index Showing Stable Rate of Economic Growth

Written by Steven Hansen

This leading index continues to be recalculated (what good is a leading index which continues to be recalculated?) - and continues to forecast stable but relatively week growth for the remainder of the year. A review of all major leading indicators follows - and no leading index is particularily strong.

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