This Has Never Happened: Offshore Yuan Cements Record Rally
As tipped earlier, the yuan continues to cement its status as a high-yielding haven. Coming off its best month since revaluation, the onshore yuan rose to 15-month high on Monday amid tensions on the Korean peninsula, climbing 0.51% as of of 7:01 p.m. in Shanghai. As Bloomberg notes, “the currency climbed 1.35% last week, the strongest showing […]
FX COT Update: AUD Bulls Keep On Betting
EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 1.5k contracts to take the total position to 86.5k contracts. While EUR continues to forge higher ground, demand has stalled at these levels as investors react to ECB’s Draghi who has warned over EUR strength working against the eurozone economy as well […]
North Korea Threats: The New Normal
A lot can happen over a weekend, including Sunday’s provocative nuclear test by North Korea. Reports that the country is now preparing to launch a new ballistic missile threaten to keep the world on edge this week and beyond. The initial reaction in stock markets across Asia and Europe: sell, which is the standard game plan of late […]
“Is This Time Different?”: Global Risk Pares Losses Despite Report Of Imminent N.Korea ICBM Launch
Having started off with a sharp gap lower following Sunday’s news of the latest, 6th nuclear test by North Korea, global stocks and US futures pared losses in the overnight session, despite reports of North Korean preparations for yet another missile launch, while the yen trimmed its risk-off gains even as gold kept its upside and […]
Does Low Unemployment Signal A Meaningful Rise In Inflation?
from the St Louis Fed — this post authored by James Bullard The unemployment rate in the U.S. is relatively low by recent historical standards. Some people argue that this means higher inflation is just around the corner, which they cite as a reason for the Fed to raise the U.S. policy rate (i.e., the federal […]
Bitcoin/USD Forex Signal – Monday, Sept. 4
Last Thursday’s signals were not triggered as none of the key support levels were reached during that session. Today’s BITCOIN/USD Signals Risk 0.75% per trade. Trades may only be entered up until 5pm New York time today. Long Trades Long entry after a bullish price action reversal on the H1 time frame following the next touch […]
ETF Investing Lessons From Warren Buffett
Billionaire investor Warren Buffett turned 87 on Wednesday. And on the occasion, he shared a many investment tips in interviews. With Buffet’s Berkshire Hathaway Inc. BRK-B gaining over 108% over the last five years against the SPDR S&P 500 ETF’s (SPY – Free Report) advancement of 70.5%, it is many people’s dream to follow his investment ideas. Below we highlight some. […]
Sensex Ends 190 Points Lower; Adani Ports & Bharti Airtel Top Losers
Share markets in India ended the day on weak note tracking mixed global cues as markets remained jittery after fresh nuclear test by North Korea and claims that it tested a hydrogen bomb over the weekend. At the closing bell, the BSE Sensex closed lower by 190 points. While, the NSE Nifty finished lower by 62 points. Meanwhile, both the S&P […]
E Brokerage Problems Again
My first horror tale has hit with the Schwabians who are now my main brokerage. I received from San Francisco in an envelope marked “Personal and Confidential”. It contained a letter saying that there was something I needed to know followed by a colon and a blank line and nothing more. Then Schwab thanked me […]
Asian Shares Tumble, Gold Rises As North Korea Said Planning A New Missile Launch
Bad news, folks. The dip-buyers didn’t show up in South Korea and Japan, as both the Kospi and the Nikkei were sharply lower overnight, down 1.2% and nearly 1%, respectively: Meanwhile, the yen and gold built on gains when this hit, around 2 a.m. in New York: S.KOREA DETECTS N.KOREA MISSILE LAUNCH PREPARATION: YONHAP That […]
