I mean, didn’t you notice on the plane when you started talking, eventually I started reading the vomit bag? Didn’t that give you some sort of clue, like hey, maybe this guy is not enjoying it? You know, everything is
April 15, 2017
Just when the Fed zigged, the treasury yield curve zagged. The widely expected March interest rate hike was supposed to help push fixed income yields higher too but then the opposite happened. Treasuries rallied on the news and the yields
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the JPY(5X) followed by the AUD(2X). The weaker currencies are the EUR(4X) followed by the CHF(3X). A nice combination
Bank of America’s latest rates and FX survey comprises responses from 74 fund managers with $368 billion in AUM. In other words, hopefully these folks are some semblance of smart and/or prescient, because if they aren’t, well then there’s nearly $400 billion in possibly
Talking Points: G10 FX marks time Good Friday market closures drain liquidity US Dollar may edge lower if US CPI falls short of expectations Thin liquidity conditions may amplify knee-jerk volatility threat The major currencies marked time in Asian trade as
As we noted last night, Venezuela’s state-owned oil company PDVSA made principal and interest payments of $2.2 billion today, avoiding default yet again despite what Vice President Tareck El Aissami called a “ruthless economic war” being waged against the Maduro government.
The good news is: • The market is oversold and ready for a bounce. The Negatives New highs continued to deteriorate, new lows increased a little and the secondaries continue to under perform the blue chips. The first chart covers
In the Currency Strength table, the JPY was the strongest currency while the EUR was the weakest. There were some significant changes last week with the AUD gaining 5 points and the USD losing 4 points. The CHF and CAD lost 3 points. The
The U.S. dollar has been in the spotlight since before the presidential election. Initially what Donald Trump delivered in speeches was mostly “inward looking”. Many research organizations then believed that Trump’s policies may hinder U.S. growth and thus may cause
Fundamental Forecast for Japanese Yen: Neutral USD/JPY slipped to a fresh 2017-low of 108.72 amid the escalation in geopolitical risk, with U.S. President Donald Trump warning the greenback was ‘too strong,’ and the pair may continue to give back the advance from late-2016 as risk
