If the Atlanta Fed’s GDP nowcast for U.S. economic activity in the first quarter is accurate, the macro trend is accelerating in the new year after a weak Q4. If the bank’s GDPNow model’s prediction holds, we’ll also have confirmation that Mr. Market laid an egg with his recent recession warning. The Atlanta Fed’s Feb….
The New Zealand Dollar declined against its US counterpart after the Reserve Bank of New Zealand released its 2-year inflation expectations. The Consumer Price Index (average prices for a basket of selected consumer goods and services), is expected to increase 1.63 percent over the next 2 years from the first quarter of 2016. This marks…
<< Read More: 2016 Market Preview – Part I << Read More: 2016 Market Preview: U.S. Dollar, China And Oil – Part II This is the third of three parts of the 2016 preview that appeared in HRA Journal Issue 245-246. This part deals with the outlook for various metals. The assumptions about what the economy will…
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Having rallied all the way back to unchanged for the year thanks to yesterday’s China re-opening “adjustment,” the Yuan selling has resumed with onshore down by the most in a month and offshore fading also. With Crude and USDJPY holding gains (for now)… US and Asian equities are in the green as hope springs eternal that tomorrow’s…
The rally continued Tuesday in major Asian markets but analysts are still uncertain that this is the end of the volatility that has rocked stock markets since the beginning of 2016. According to Thomas Poullaouec, managing director and head of strategy research for Asia Pacific at State Street Global Advisors, “We don’t think this is…
EUR/USD The EUR/USD pair fell significantly during the course of the session on Monday, in reaction to the European Central Bank President Mario Draghi suggesting that the ECB was ready to do whatever it took to liquefy the markets. After all, there is a lot of concern that the bank stocks in the European Union…
It’s amazing how much time and effort is spent by some analysts in attempting to track the movements of gold between locations. It’s amazing because such analysis provides no useful information about price, that is, such analysis has no practical value for speculators and investors. Regardless of whether the gold price is in a rising…
It’s February, which means the US Presidential Primaries are underway. This can only mean one thing: more campaign promises. Republican hopeful Donald Trump has already vowed to build a “great wall” on the southern border to keep illegal Mexican migrants out.[1] This got us thinking about some of the boldest promises made by US presidents…
The rally of risk assets may prolong throughout this week with the aid from oil gains and high CNY fixing by the PBoC. The central bank today set yuan mid-point not far off yesterday’s half-year low. All Asian equity indices posted gains during the day and bonds retreated. Oil price continued its impressive winning streak on…
