In a move that stunned China currency watchers, late on Friday (local time) Bloomberg reported that China’s central bank decided that it would remove a reserve requirement for financial institutions trading in FX forwards for clients by cutting it to zero from
September 10, 2017
The “no apocalypse” relief trade is in full effect now. Having manifested itself early in a dollar rebound and yen weakness, things are getting underway in earnest and the risk-on move is gathering some steam (although as sure as I write
Shutterstock Consumer spending is an important part of the economic forecast, though not the whole story. To predict future spending, I look at consumer incomes, pent-up demand, interest rates and credit availability, and attitudes. But attitudes are mostly derivative from
Gold: The commodity looks to weaken further following its Friday price rejection. On the downside, support comes in at the 1,340.00 level where a break will turn attention to the 1,330.00 level. Further down, a cut through here will open
Brexit negotiations hit the rocks with the size of the Brexit divorce bill the key issue. The Independent reports: Britain is ‘backtracking’ on its Brexit divorce bill commitments, moans Michel Barnier, the EU’s chief negotiator warns. My response: Hooray for the UK!
Apple Sells Off The stock market ended Friday mixed as the Nasdaq was the biggest sore spot, falling 0.59%. As I highlighted in previous articles, Apple (AAPL) usually falls right before the unveiling of its new phone. The 1.63% decline
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 16 years of Forex prices, which show that the following methodologies have all
Price on three top Insurance ETFs has been dropping since mid-August, as shown on the following daily charts of IAK, KBWP and KIE. In the process, they made some extreme lower swing lows on each of their respective three technical indicators, suggesting that further weakness lies ahead. As of
Fundamental Forecast for Euro: Bullish EUR/USD climbs to fresh 2017-highs even as the European Central Bank (ECB) sticks to its current policy, with the pair at risk of extending the advance from earlier this month should key data prints coming out of
