The USD/JPY Slightly Extended Recent Gains
Markets Friday’s trading session was all about European stimulus hopes following the recession scare from earlier in the week on negative quarterly German GDP figures. The first stimulus headline was monetary related after the WSJ ran an article titled “ECB...
The US economy is fine, but watch out for gathering trade storms
Workers assemble cars at the newly renovated Ford’s Assembly Plant in Chicago, June 24, 2019. Jim Young | AFP | Getty Images A former colleague of mine at the OECD (a Paris-based public policy research organization financed by member country...
Risk Appetite Lifted by PBoC Reform, But Forex Markets Shrug
Risk appetite is striking a come back as another week starts, lifted by China’s measure to lower lending rates. Though, the response in the currency markets is rather muted. For the moment, major pairs and crosses are stuck inside Friday’s...
Fear needs to get more extreme for stocks to bottom, BofA’s Stephen Suttmeier says
New charts from Bank of America-Merrill Lynch’s Stephen Suttmeier suggest two things must happen before the stock market bottoms: The S&P 500 needs to fall another 5% and panic needs to get more extreme. His first chart shows the S&P...
White House pushes back against recession fears, defends trade war
U.S. President Donald Trump speaks with Larry Kudlow, director of the U.S. National Economic Council, right, in the Roosevelt Room of the White House in Washington, D.C. Alex Edelman | Bloomberg | Getty Images President Donald Trump said Sunday he...
White House trade advisor Navarro: ‘Technically we did not have a yield curve inversion’
White House National Trade Council Director Peter Navarro Getty Images White House trade advisor Peter Navarro disputed that the bond market flashed a recession signal last week, which spooked investors and sent the stock market tumbling. The yield on the...
Americans overwhelmingly support free trade as concern grows about Trump’s economy
China’s President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. AFP Contributor | AFP | Getty Images Add President Trump to the list...
An Important Week for EUR/USD as Fed and ECB Easing Expectations Built
Euro ended last week as the weakest one as comments from a top ECB official suggested a forceful easing package to be announced in September. Additionally recession fear in Germany sent 10-year bund yield to new record low. New Zealand...
GE stock is fast recovering, but short seller investigator Harry Markopolos got his digs in
Fraud finder Harry Markopolos took GE stock down more than 11% in one day with a dizzying array of charts and numbers, but also some choice words accusing analysts, ratings agencies and GE’s management of Enron-era behaviors. A day later,...
Weekly Economic and Financial Commentary: Inversion Aversion
U.S. Review Inversion Aversion Markets gyrated this week as the spread between the ten- and two-year Treasurys turned negative for the first time since 2007, as financial markets seem to expect that the sharp slowdown in growth overseas will soon...
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