The USD Bull In The Global China Shop
The long-term consequences of primary FX trends may be entirely unintended. Indulge me two “I told you so’s”: 1. That the U.S. dollar (USD) would rise a lot, confounding those busily …
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Chinese Banks Likely To Join Gold Fix For First Time
The London Gold Fix is a nearly 100-year-old price-setting system for the international price of gold. Beginning in March, one or more Chinese banks may be included in the pool of …
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Is The Bank Of Japan Losing Control? JGB Yields Surge Most Since 2003
UPDATE: You know it’s getting bad when Abe and Kuroda double-team the confidence-inspiring headlines. *KURODA: BOJ’S BOND PURCHASES HAVEN’T FACED PROBLEMS *KURODA: DON’T THINK JGB LIQUIDITY HAS PARTICULARLY FALLEN *KURODA: …
Read More The Greek Situation Is Unfolding Rapidly – ECB Provides Emergency Funding And Kills The Troika
Just a few days after we wrote that a Grexit was quite unlikely, the entire situation has been evolving dramatically and the Euro-puzzle is breaking up in fragmented pieces again. The comments …
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The Swiss 10-Year Bond Illustrates Central Banks` Flawed Monetary Policy
Negative 15 Basis Points Switzerland’s 10-Year Bond Yield is now negative 15 basis points, yeah that`s right we don’t even have to bring up the notion of inflation and real …
Read More Strange Days In Energy – Financial Review
DOW + 305 = 17,666SPX + 29 = 2050 NAS + 51 = 4727 10 YR YLD + .10 = 1.78%OIL + 2.52 = 52.09 GOLD – 13.70 = 1261.10 …
Read More EC Australia Coming Apart At The Seams
With the huge spotlight on Europe, Greece, the US Dollar, Canada, Switzerland, and China, it’s easy to lose track of major things outside of mainstream attention. Like what? Like Australia. …
Read More Aflac Incorporated Announces Fourth Quarter Results, Declares First Quarter Cash Dividend
COLUMBUS, Ga., Feb. 3, 2015 /PRNewswire/ – Aflac Incorporated today reported its fourth quarter results. Reflecting the weaker yen/dollar exchange rate, total revenues fell 4.9% to $5.5 billion during the fourth quarter …
Read More Gold Daily And Silver Weekly Charts – Same Old Schemes, Ending Badly
Federal Reserve Bank of St. Louis President James Bullard warned Tuesday regulatory changes haven’t solved the too-big-to-fail problem in banking, adding that he’d support a break-up of the biggest banks …
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Black Market In Ukrainian Currency Masks True Extent Of Decline; Banks Impose 30% Foreign Exchange Fee; Freely Floating Hryvnia Announced
The Ukrainian central bank publishes the official exchange rate daily. At the time of this posting, the “official” exchange rate is 16.24 Hryvnias to one US dollar (posted as 1624 to a …
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