Looking Through the Turkish Currency Crisis, Dollar is Strong Anyway
It was one of those wild week in the financial markets with a number of market moving themes. New Zealand Dollar was the worst performing one after RBNZ made itself clear that interest rate is going to stay low for...
Brazil: BCB opens up credit fintechs to foreign capital
Brazilian president Michel Temer signs decree 9,544 before leaving office Brazil’s central bank (BCB) has taken another step to increase the competitive forces in the country’s highly consolidated banking system by authorizing foreign investors to own up to 100% of...
Retail and institutional FX: Never the twain shall meet?
Inevitably, platforms developed to accommodate both retail and institutional clients are in the vanguard of calls for market convergence. For example, Andrew Ralich, co-founder of oneZero Financial Systems, says a hybrid approach offers value to market participants who are looking...
Trump’s war with Harley-Davidson has divided America’s bikers
Gary Rathbun rumbled into South Dakota to attend the United States’ pre-eminent gathering of motorcycle enthusiasts atop his Harley-Davidson, a 2009 Ultra Classic that brought him 800 miles from Idaho. It is the 40th Harley he has owned. It will...
Recession Update: Should We Worry?
“To expect the unexpected shows a thoroughly modern intellect.” – Oscar Wilde Executive Summary: Bright Sunshine in the Short Run, Clouds Are Gathering Over the Medium Term So far, 2018 shows interesting (and, to some extent, contradictory) developments. While the...
In Japan, Still Waters Merit Attention to Any Ripple
Executive Summary Even as many of the world’s major central banks have been steering toward normalization of monetary policy, the Bank of Japan (BoJ) has remained a holdout. The GDP report for the second quarter offers nothing that will compel...
U.K. Mid-Year Economic Outlook
Executive Summary Economic growth in the United Kingdom picked up modestly in Q2 after slowing in the first quarter. Real GDP rose 0.4 percent on a sequential basis, driven by solid growth in consumer and business spending. Inflation in the...
Weekly Economic and Financial Commentary: Lackluster Growth in Some Foreign Economies in Q2
U.S. Review Prices Continue to Advance Consumer prices increased 0.2 percent in July, advancing to 2.9 percent on a year-to-year basis, the strongest pace in six years. The core CPI index also rose a strong 0.2 percent, bringing the year-to-year...
Dollar Higher as Risk Appetite Vanishes
The US dollar appreciated versus most major pairs on Friday. The Japanese yen outperformed the greenback as a safe haven, but all other major currencies suffered heavy losses during the week. Tense trade developments between China and the US and...
The Weekly Bottom Line: Canada – Another Rate Hike on the Way
U.S. Highlights Global equity markets were hit Friday by fears that Turkey’s deepening economic crisis will spread. The Turkish lira plummeted as investors have lost confidence that the Erdogan regime will be able to steer Turkey through its current crisis....
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