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Overview: The veracity of Chinese data will be questioned by economists, but today's upbeat reports round out a picture that began with stronger exports and a surge in lending. Chinese officials, we argue, had a "Draghi moment" and decided to do "whatever it takes" to strengthen the economy ...
The Japanese yen has been the strongest of all major currencies since October of last year: Source: investing.com The yen had undergone some weakness back in 2018, given that the United States had been on a solid trajectory in raising rates, and the ECB had originally set a timeline for do...
The dollar has been shifting and changing its trajectory; in particular, it has been rising against the Japanese yen and falling against the euro. In this short article, I will review the U.S. dollar's recent movements, paying extra attention to changing yield differentials and near-term downs...
As you know, once in a while, Splendid Exchange looks at seven major currency pairs in search of the evidence of popular delusions and the madness of crowds . The idea is to find anomalies and bullish or bearish divergences that will break the trend, not prolong it. It is a painful exercise, ...
Overview: The global capital markets are subdued despite several macro developments. The US and China may announce as early as today when the two presidents will meet to ostensibly sign a trade deal, while House of Commons' effort to block a no-deal exit goes to the House of Lords today. Ind...
Macro News Global: The inversion of the yield curve has usually scared investors of a potential recession coming ahead within the next 18 to 24 months. Despite the strong recovery in global equities, with the MSCI World Index recording its strongest quarter since Q3 2010 (up almost 12% i...
Is the euro dead yet? And how is the Chinese Renminbi doing? Total global foreign exchange reserves, in all currencies, rose to $11.4 trillion in the fourth quarter 2018, according to the IMF's just released COFER data. These foreign exchange reserves do not include the Federal Reserve's h...
“The wavelike movement affecting the economic system, the recurrence of periods of boom which are followed by periods of depression, is the unavoidable outcome of the attempts, repeated again and again, to lower the gross market rate of interest by means of credit expansion. There i...
Poor economic data and soft inflation saw several central banks, including the Federal Reserve and European Central Bank, take a dovish turn in March. Contrary to expectations that interest rates would rise as the G3 central banks were no longer adding to their balance sheets on a combined b...
The US dollar rose against most of the major currencies in the last week of March. The stronger-than-expected January GDP (0.3%) helped lift the Canadian dollar (~0.6%), which was the notable exception. The Australian dollar's rise ahead of the weekend and the end of Q4 allowed it to secure ...
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Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E662 Company Name:
UJPY Stock Symbol:
NYSE Market:
Citigroup Global Markets Holdings Inc. (“CGMHI”) announced today that it will accelerate at its option, and in full, the ten series of exchange-traded notes listed in the table below (the “ETNs”). Holders of the ETNs will receive a cash payment per ETN in...