Marc Chandler submits: The market has been rightly skeptical of the efficacy of possible BOJ intervention. Part of the argument is that it would be fighting the tide and market forces. However, the better than expected US employment data has spurred a sharp drop in the yen. If Japanese officials really wanted to intervene, this [...]
Jeff Miller submits: Remember the sovereign debt issue from a few months ago? It was supposed to be like cockroaches. Greece was to be like Bear Stearns. The dominoes would start falling. The facile analogies came day after day. Complete Story »
Investment U submits: By Martin Denholm So much for that global financial crisis. The currency market has shrugged off the world’s woes over the past three years and blasted into the stratosphere. Complete Story »
Investment U submits: By Martin Denholm So much for that global financial crisis. The currency market has shrugged off the world’s woes over the past three years and blasted into the stratosphere. Complete Story »
Andrew Wilkinson submits: The shortfall in the loss of U.S. jobs created a risk-on environment spurring immediate gains for equity index futures, while sinking the dollar and bonds. Yields surged as the 10-year U.S. note sank by three-quarters of a point. Complete Story »
Andrew Wilkinson submits: The euro is pushing its luck with the dollar even ahead of the critical employment report due out later this morning. Having touched $1.2854 already this morning, the euro is teetering on a surge to perhaps $1.2925 if today’s jobs report softens the perceived need to hold dollars on safety grounds. That [...]
Hard Assets Investor submits: by Brad Zigler Real-time Monetary Inflation (last 12 months): -2.1% This week, gold turned in another mixed performance against the world’s reserve currencies. In addition to its appreciation against the U.S. dollar, bullion gained 0.3 percent against the yen and 0.6 percent vs. sterling. Gold gave up 0.5 percent to the [...]
Bruce Krasting submits: I wrote a few days ago that I thought we were seeing evidence of growing instability in the FX markets. The problem is with the “Strongs”. The Yen and the CHF are both at near records against the dollar and they are at records versus the Euro. These records are a cash [...]
ETF Prophet submits: by Market Rewind Wednesday’s Wall Street Journal reported foreign-exchange currency trading volume at over US $4.0 billion per day. [See "Currency Trading Soars"] While the ETF currency tracking indices have neither the volume, round-the-clock possibilities, nor the narrow spreads, they do make for convenient means of testing various currency pairs performance. Complete [...]
Garrick Hileman submits: Wondering whether the world has put the spring eurozone sovereign debt crisis behind it? Check out this succinct summary of the massive issues confronting Ireland. The NY Times article written by Messrs. Simon Johnson (former IMF chief economist) and Peter Boone (research associate at the London School of Economics) clearly articulates the [...]
2010 (1924)