US Fed – The Battle Against Excess Global Captial Continues
US Fed Is Battling Excess Global Capital – Which Is Creating Inflation The US Fed continues to bring the big guns, raising rates another 75 bp (0.75%) on July 27,…
Read More »Japanese Yen Forecast: Will a Dovish BoJ Keep USD/JPY Rising? CPI in Focus Too
The Japanese Yen is vulnerable to external forces with the Bank of Japan still expected to be one of the few remaining dovish central banks. Is it all clear for…
Read More »July 10: Elon Musk pulls out on Twitter, Internet Blackout Canada, Dollar EXPLODES (Recap Ep183)
In this week’s recap, the most important news was the high US dollar price, Elon Musk walking away from the Twitter deal, and the inflation striking world economies. Us and…
Read More »USD/JPY poll – forecasts as high as 140. Bank of Japan direct intervention looks unlikely,
Reuters took a poll this week (July 1 to 6), 61 analysts responded. Main points: median forecast was for 131 in six months’ time, compared with 126.84 in last month’s…
Read More »Market Update – July 1 – Sharpest 1st-half decline in 50 years
USD declined (USDIndex 104.38), Equities finished much the way they began the year. Equities extended lower, led by tech, though declines were broadbased amid growth worries. – For the year-to-date, the USA100 plunged -29.5%, the USA500 dropped -20.6%,…
Read More »Forexlive Americas FX news wrap: Dollar and bonds go for a wild ride
June US ISM manufacturing index 53.0 vs 54.9 expected US May construction spending -0.1% vs +0.4% expected S&P Global final June US manufacturing index 52.7 vs 52.4 prelim Atlanta Fed…
Read More »Here’s why betting against the BOJ is a ‘widow maker’ trade
This from Bloomberg (gated) ICYMI, tracing some of the history of bets made against the Bank of Japan since, at least, 1994. 1994! Betting against the BOJ has confounded some of…
Read More »EURJPY: ECB and BOJ Policy Divergence
ECB President Christine Lagarde’s speech today at the ECB Forum was largely a rehash of what she communicated at the ECB press conference earlier this month. She said that the…
Read More »Largest pension fund on the planet is making a killing on the weak yen
Japan’s Government Pension Investment Fund (GPIF) is the largest pool of retirement savings in the world. GPIF manages and invests the Reserve Funds of the Japanese Government’s Pension Plans entrusted by…
Read More »Japanese Yen Weakens to 1998 Low as Nasdaq 100 Rallies, Eyes on Asia-Pacific Trade
The Japanese Yen weakened to a 1998-low as the Nasdaq 100 rallied on Tuesday, a consequence of the Bank of Japan defending its ultra-loose policy last week. Will stocks rally…
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