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2023-06-23 07:56:00 ET Summary The Chinese yuan still exhibits a strong gravitational pull on other Asian currencies, but it is not as strong this year as it has been. If you use the analogy of the solar system to think about currencies, then the US dollar is clearly the sun, arou...
2023-06-21 10:36:37 ET Summary The post-COVID economic recovery in China weakened in Q2, which has forced the Chinese government to deploy a fresh stimulus package to assist the economy. The U.S. dollar has been gaining against the Chinese yuan since early 2022. The Chinese ce...
2023-05-14 04:35:52 ET Summary US Dollar has been in a tight 30-Point DXY range for the past 30 years. Imbalances in Federal Budget, Current Account Deficit, and in Net International investment position ("NIIP") are in dangerous territory. US Federal Budget deficit is greater ...
2023-04-04 07:35:00 ET Summary The large equity markets in Asia-Pacific advanced, with the exception of Hong Kong. Europe's STOXX 600 slipped fractionally yesterday to snap a three-day advance, but has recouped it and more today. US equity futures are also trading with a firmer bi...
2023-04-04 03:05:00 ET Summary Many of last winter’s biggest worries don’t look so bad in the spring. The few big bank failures didn’t explode into a massive bank run. The solution to un-stressing the banking system is simple: the Fed has to un-invert the Trea...
Summary Are markets re-rating EM here? Has the "sudden stop" of capital flowing into emerging markets started? A steadfast tightening Federal Reserve will play into and heighten these EM risks through various channels. The outlook for the US economy remains generally-positive as sho...
Summary Gold had a very strong start into the new trading year, while silver is consolidating since mid-December. While the weekly chart remains bullish, the rally in gold has lost its momentum on the daily chart. A pullback towards 1,900 & 1,770 would be a buy. Seasonality rema...
Summary From its low in November, Bitcoin is up nearly 40%! A large +20% weekly gain after a prolonged bear market has always resulted in Bitcoin bottoming out. Technically, strong new buy signals on the weekly and daily chart while people are running behind the train which has left...
Summary Gold had a very good start into the new year. Only 75 USD is missing to the psychological number of 2,000 USD. The debt ceiling and the de-dollarization have pushed the US-Dollar to a nine months low, strongly supporting the recovery in the gold price. Technically, the round...
China is among the world’s leading economies , with the country’s gross domestic product second only to that of the United States as of 2023. The country of over 1.41 billion people has a bigger economy than the European Union and holds more foreign exchange reserves than any ...
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China is among the world’s leading economies , with the country’s gross domestic product second only to that of the United States as of 2023. The country of over 1.41 billion people has a bigger economy than the European Union and holds more foreign exchange reserves than any ...
The USD/CNY exchange rate has been in a steep sell-off as China’s fundamentals improved. It crashed to a low of 6.945, the lowest level since September 14. The Chinese yuan has crashed by more than 4.7% from its highest level in November. Chinese reopening continues The...
Forbes Media Chair Steve Forbes has warned that governments and central banks have ignored the significance of having stable currencies by emphasizing interest rate hikes to curb inflation . On Monday, the British pound slightly dropped 4% to $1.0382 in Asian Markets aft...