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‘Unless There Is A War’ There Is No Stopping The Yuan Train

‘Unless There Is A War’ There Is No Stopping The Yuan Train

Ok, dammit. There is apparently no stopping the yuan. Back in late May/early June, the PBoC engineered an epic short squeeze. That effort included the introduction of an absurdly opaque “counter-cyclical adjustment factor” that, attempts to spin it notwithstanding, amounted to a partial rollback of the liberalization push instituted in August 2015. The short squeeze […]
The 10-Year Treasury Yield Dips To Lowest Level This Year

The 10-Year Treasury Yield Dips To Lowest Level This Year

Demand for safe-haven Treasuries kicked into high gear yesterday, which cut the benchmark 10-year Treasury yield down to its lowest level in nearly ten months. What’s driving this key rate down? A combination of factors, ranging from renewed market jitters over the latest missile test by North Korea to concerns that Hurricane Harvey will take […]
German HICP Beats Expectations With 1.8% Y/Y – EUR/USD Still Struggles

German HICP Beats Expectations With 1.8% Y/Y – EUR/USD Still Struggles

A slightly stronger level of inflation, at least in the European standard “Harmonized” version, HICP. Prices rose by 0.2% m/m and 1.8% y/y, another acceleration that will push euro-zone inflation higher. Price rises stood at 1.5% y/y beforehand in the HICP and 1.7% in the national level. So, the euro-zone inflation level could be higher […]
Morning Call For Wednesday, August 30

Morning Call For Wednesday, August 30

OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 +0.08%) this morning are up +0.09% and European stocks are up +0.38% as they followed Asian markets higher after tensions surrounding North Korea eased. European stocks also received a lift after Eurozone Aug economic confidence rose more than expected to a 10-year high. Overall stock gains were muted […]
EUR/USD Remains Vulnerable To The Downside On Price Rejection

EUR/USD Remains Vulnerable To The Downside On Price Rejection

EUR/USD: With the pair backing off higher prices on Tuesday, weaken further on Wednesday, more decline is likely in the days ahead. Resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1.2100 level where a break will […]
Sensex Finishes On A Strong Note; Oil & Gas Stocks Rally

Sensex Finishes On A Strong Note; Oil & Gas Stocks Rally

Indian share markets continued to trade strong during the afternoon session amid strong global markets as market participants shrugged off geopolitical tensions a day after North Korea fired a missile that flew over northern Japan. At the closing bell, the BSE Sensex closed higher by 258 points and the NSE Nifty finished up 88 points. The S&P BSE Mid Cap finished up […]
Bitcoin/USD Forex Signal – Wednesday, August 30

Bitcoin/USD Forex Signal – Wednesday, August 30

Yesterday’s signals were not triggered as none of the key levels were ever reached. Today’s BITCOIN/USD Signals Risk 0.75% per trade. Trades may only be entered between 8am London time and 5pm New York time today. Long Trades Long entry after a bullish price action reversal on the H1 time frame following the next touch of […]
World Stocks Rebound, Dollar Rises As Korea Nuclear War Fears Recede

World Stocks Rebound, Dollar Rises As Korea Nuclear War Fears Recede

S&P futures are higher in early Wednesday trading, alongside Asian stocks and European bourses, both solidly in the green as the EUR/USD drifts below the 1.20 “redline” while the dollar rebounds off a two and a half year low following the US “measured” response to North Korea’s missile test, which soothed jittery investors who now […]
Crude Oil – Wednesday, August 30

Crude Oil – Wednesday, August 30

Only a close above $48 will make us optimistic on crude. Source: INVESTING.com
See You In September

See You In September

With the calendar turning to September on Friday, we’re all sitting back and lamenting the end of another summer. Well, for fixed income investors, any possible summer doldrums could quickly change, as a number of potentially headline-making events are looming directly ahead, specifically on the central bank front. While the markets do not appear to […]