When China moved to devalue the yuan on August 11, there was some debate about whether the PBoC was acting to promote renminbi internationalization (thus bolstering Beijing’s IMF SDR bid) or simply attempting to play catch up in the global
November 8, 2015
Julian Van Erlach, Nexxus Wealth Technologies, Inc. Abstract: Gold is shown to obtain a real return in terms of global purchasing power per Troy oz. Whereas fiat money obtains a negative return equal to the inflation rate (loss of purchasing power)
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 11 years of Forex prices, which show that the following methodologies have all
by Jim Ritchards, Daily Reckoning In describing the dynamics of currency wars, I consistently use metaphors such as a tug of war or seesaw. This is to indicate that currency wars are never a one-way bet. Exchange rates go back and
Quiet economic calendar for Monday During the session on Monday, we should have almost nothing as far as economic announcements they can move the markets, because quite frankly the employment numbers coming out of the United States of course
SPX: Long-term trend – Bull Market Intermediate trend – SPX has resumed its uptrend in order to complete the last phase of the bull market. Analysis of the short-term trend is done on a daily basis with the help of
Mr. Market’s Mental State Legendary value investor Benjamin Graham is probably most famous for his Mr. Market parable. In the story, an investor is greeted each day by Mr. Market, who offers to purchase the investor’s stocks. Every offer is
Have you noticed that the latest global news headlines have been a cross between a comedy and a horror movie? Between planes going down, hundreds of thousands of refugees wandering the world, the threat of global terrorism, and indecisive Federal
The combination of the unequivocally strong US jobs report and the contrasting unexpected decline in German factory orders and industrial production reported last week sets the broad investment framework for the period ahead. The pendulum of market expectations has swung
Just over a year ago, oil was hovering around $110 per barrel. Now it’s struggling to cross $50. In between, it sunk to a 6½-year low of $38 a barrel. All’s Not Well with Oil As is now widely recognized,
