Emerging market currencies have been falling steadily since the start of the year due to global trade tension and higher oil prices. The ruble is down 17 percent year to date due to fears of more U.S.-imposed sanctions while the
September 13, 2018
The “G9” (Geometric 9) CIT (Change in Trend) technique I learnt many decades ago from a gentleman, whose name was “G9” on the Crystal Ball forum. The G9 CIT pinpointed the 7/23/18 Low, 8/15/18 Low and the 8/29/18 swing High. The 8/29/18 swing
The “G9” (Geometric 9) CIT (Change in Trend) technique I learnt many decades ago from a gentleman, whose name was “G9” on the Crystal Ball forum. The G9 CIT pinpointed the 7/23/18 Low, 8/15/18 Low and the 8/29/18 swing High. The 8/29/18 swing
Hurricane Florence’s Effect On Stocks Hurricane Florence’s wind speed has fallen to 110 miles per hour which is a modest help for the southeast as it braces for the major hurricane. The other change in the situation is the expected
Concerns over Trump’s protectionist trade stance have been playing foul in the stock market. In fact, the escalation of the President’s tariff threat on additional Chinese goods led to a tumultuous Wall Street ride last week. However, the negative sentiments
As I mentioned two days ago, the emerging markets were reaching an important supporting trendline. It nailed it pretty much to the pixel and is going through an oh-so-predictable bounce. The year’s action on EEM has been comically consistent. On a separate note, I covered my DUST short yesterday for
AUSTRALIAN DOLLAR TALKING POINTS AUD/USD extends the advance following the 44.0K expansion in Australia Employment as updates to the U.S. Consumer Price Index (CPI) highlight a limited risk for above-target inflation, and the exchange rate may stage a larger recovery over the coming
With three central bank meetings on the schedule today (see my colleague Fawad Razaqzada’s reports from earlier today for previews and recaps of the BOE, ECB, and CBRT meetings) , FX traders have been understandably focused away from the world’s reserve currency. However, dollar
The CPI came in under expectations across the board. I question shelter and medical components. The Econoday consensus estimates for CPI were 0.3% for CPI-U, 0.2% for the core CPI, and +2.8% year-over-year. Econoday Comments Contraction in medical costs and apparel and
Professional critics of cryptocurrencies need to re-learn their history One of the most absurd statements I’ve ever heard about cryptocurrencies came from one of the world’s foremost bankers. The head of the Bank of International Settlements, Agustín Carstens, was quoted
