Fed

To and Fro , here we go

To and Fro, here we go Firming US yields overnight contributed to a stronger USD outperformance with the DXY breaching the 94 resistance level. While economic data drivers were few and far between dealer’s were left to chew on remarks by European Central Bank Mario Draghi, German Politics and of ...

USD/CAD Canadian Dollar Lower Ahead of Short Trading Week

The Canadian dollar depreciated on Monday versus the US dollar. Oil prices fell as higher production from the US is putting downward pressure on prices ahead of the Organization of the Petroleum Exporting Countries (OPEC) meeting on November 30. The production cut agreement between the OPEC and oth ...

Gold Volatility Continues over Tax Reform Prospects

Gold has posted sharp losses in the Monday session. In North American trading, the spot price for an ounce of gold is $1277.84, down 1.2% on the day. On the release front, the sole event is CB Leading Index. The indicator gained 1.2%, well above the forecast of 0.6%. On Tuesday, the US will publis ...

GBP/USD – Pound Gains Continue, British Inflation Report Eyed

The British pound has posted gains in the Monday session. In North American trade, GBP/USD is trading at 1.3239, up 0.18% on the day. On the release front, there are no British indicators on the schedule. In the US, the sole event is CB Leading Index. The indicator gained 1.2%, above the forecast ...

Inflation and Counterfeit Credit - Keith Weiner

November 20, 2017 Let’s take a look at an often-repeated idea that is popular in the gold and alternative investing communities. The government possesses a printing press. Therefore, it will never default. It will just inflate its way out of the debt. It will devalue the dollar. The government do ...

USD/JPY – Yen Dips Despite Higher Trade Surplus

The yen has started the new trading week with slight gains. In North American trade, USD/JPY is trading at 112.35, up 0.24% on the day. On the release front, Japan’s trade surplus jumped to JPY 0.32 trillion, crushing the forecast of JPY 0.21 trillion. Later in the day, Japan realizes All Indu ...

Millions Upon Millions of Americans Have “Negative” Wealth - Rory Hall

November 20, 2017 While 3 Americans possess more wealth than 50% of the combined poorest, we now learn that 20% of ALL Americans have zero or negative wealth. I presume by having “negative wealth” they have lived beyond their means for so long their debt burden is all they have to show for t ...

Next-Generation Crazy: The Fed Plans For The Coming Recession - John Rubino

November 20, 2017 Insanity, like criminality, usually starts small and expands with time. In the Fed’s case, the process began in the 1990s with a series of (in retrospect) relatively minor problems running from Mexico’s currency crisis thorough Russia’s bond default, the Asian Contagion ...

Tech Talk for Monday November 20th 2017

Pre-opening Comments for Monday November 20th 2017 U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Wal-Mart dropped $0.89 to $96.58 after Goldman Sachs downgraded the stock to Sector Perform from Outperform. Vale added $0.09 to $10.20 after RB ...

USD/CAD – Canadian Dollar Steady, Wholesale Sales Ahead

The Canadian dollar has edged lower in the Monday session. Currently, USD/CAD is trading at 1.2788, up 0.15% on the day. On the release front, the sole indicator is US CB Leading Index, with an estimate of 0.6%. On Tuesday, Canada releases Wholesale Sales and the US publishes Existing Home Sales. A ...