Market Update – July 29 – Stocks up, USD lower on final trading day of the month
USDIndex sinks again tanked to 105.75, from 106.80. The US is in a technical recession (2 consecutive quarters of contraction) after Q2 GDP -0.9% & (Q1 -1.6%), and GDP Inflation…
Read More »Japan Jibun Markit final manufacturing PMI July 52.1 (prior 52.7)
The flash for this is here: Japan Jibun Markit preliminary manufacturing PMI July 52.2 (prior 52.7) — A little slower rate of expansion in July but still well into expansion….
Read More »Taiwan is considering opening a representative office in Western Australia
Taipei has offices in Australia’s capital, Canberra, and in Sydney, Melbourne and Brisbane. Western Australia is the country’s largest exporter of iron ore (along with other minerals of course). While the Taiwan…
Read More »Recap December 26: Blackouts starting Europe, IMF simulates global financial collapse, signal for next financial crisis? (Recap Ep155)
In this week’s recap, US markets ended higher as strong economic data was released, helping ease investors’ concerns about the risks posed by Covid-19 & inflation. Consumer confidence jumped more…
Read More »Recap December 12: Govt’s practice cyberattack (blackout?), cryptos hacked again, Rich sell everything (Recap Ep153)
In this week’s recap, global markets rebound after 4 weeks in hopes that inflation data means the peak has been reached and that the omicron variant is less dangerous than…
Read More »Market Update – November 26 – B.1.1.529 – Risk Off
B.1.1.529 – RISK OFF – JPY, CHF & USD bid – AUD, NZD & CAD pressured – Stocks & Oil tank. (-2.5%) Treasuries in demand as yields slip. UK, Singapore,…
Read More »Market Update – November 24 – USD & Yields Higher, Stocks Mixed, Oil Recovers
USD (USDIndex 96.50) holds on at highs; EM currencies under particular pressure. (TRY lost 15% after Erdogan refused a rate rise). RBNZ raised rates but NZD fell (like the last…
Read More »EUR plunges to new cycle lows, 1.13 eyed
Overnight Headlines *USD hit a fresh 16-month high driven by EUR weakness *US stocks close little changed *Biden tells Xi US doesn’t support Taiwan independence *UK unemployment 4.3% vs 4.4%…
Read More »Market Update – October 8 – Yields Drive Higher Pushing USD & Stocks too
USD (USDIndex 94.30) holds at highs, Stocks & Oil move higher testing key technicals – Yields the driver (5yr at 1.0416% – Feb 2020 high) US debt ceiling extended by…
Read More »