Category Archive: Finance, No picture
Emerging Market Crisis Beckons As Currencies Shudder Amid Lira Drop
Since April, when the dollar finally shook off the stigma from America’s deteriorating fiscal outlook on the way to rallying behind hawkish Fed policy and a favorable shift in rate differentials, questions about the resiliency of emerging markets have popped up time and again. “Monetary stimulus by the Fed and other advanced economies played a […]
Japan’s GDP: In The Sweet-Spot
Japan’s GDP report was a nice, positive surprise. Real GDP accelerated 1.9% in the April–June quarter, which was about half a percent better than consensus expectations. After the contraction in the previous quarter, this suggests an underlying growth rate of around 1% so far this year. This is right around Japan’s growth potential—fast enough for corporate profits […]
Turkey Drives Risk-Off, But Pressure Abating
The failure of Turkey to grab the bull by the horns, so to speak, and come to grips with the situation saw the dollar soar above TRY7.23 (from TRY6.43 at the end of last week) and to ZAR15.55 (from ZAR14.09). The Mexican peso, the strongest currency this year, and which has been partially protected by […]
BTC/USD Forex Signal – Monday, August 13
Last Thursday’s signals produced a mildly profitable trade following the very large outside candlestick which rejected the identified support level at $6,178 on the hourly chart last Thursday. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered between 8am London time and 5pm Tokyo time, during the next 24-hour period. Long Trades Go […]
Yen In Focus As Risk Off Sentiment Continues
The Japanese yen remains firmly in focus this morning as fears of contagion concerning the Turkish lira continue to dominate the markets, with significant gapped down opens for all the yen pairs across the complex. As a barometer of risk, the AUD/JPY is just one example as trading gets underway in London with the pair […]
Yes, The U.S. Is The World’s Top Energy Producer
Last week President Trump was fact-checked for claiming the U.S. is the world’s largest energy producer. But in this case, the fact-checker had to be fact-checked. US President Donald Trump gestures as he speaks during a dinner with business leaders in Bedminster, New Jersey, on August 7, 2018. (Photo credit BRENDAN SMIALOWSKI/AFP/Getty Images). Last week […]
COT Report: Short British Pound Becomes A Consensus Trade
Looking at this week’s Commitments of Trader’s Report, the biggest changes in speculator positions can be seen in the US dollar index, British pound, Canadian dollar and gold. “Risk on” currencies, such as the euro and the Australian dollar, remain unattractive relative to the US dollar. Even traditional safe haven assets, such as gold and […]
Germany’s Economic Minister Calls On Europe To Defy Trump’s Iran Sanctions
German Economy Minister Peter Altmaier lashed out at the Trump administration in response to Washington’s ultimatum to cut all economic ties with Iran following the US pullout of the 2015 brokered JCPOA. Almaier told Bild newspaper on Saturday that Germany should be assertive and defiant in the face of American sanctions by actually investing more in Iran. He said, “We […]
Weekly Gold Forecast – Monday, August 13
Gold prices ended the week down $2.37 at $1211.32 an ounce, marking a fifth weekly decline, as a rally in the U.S. dollar overshadowed concerns over a deepening economic crisis in Turkey. World stock markets we mostly lower. U.S. stocks finished Friday in negative territory. The yellow metal saw little benefit from the turmoil in […]
The S&P 500 In The Week When Turkey Happened
The second full week of August 2018 was mostly uneventful for the S&P 500 (Index: SPX). From Monday, 6 August 2018 through Thursday, 9 August 2018, the index teased the possibility of topping its previous high record of 2,872.87 that was set back on 26 January 2018. And then, for lack of a better description, Turkey happened, and the S&P […]
