Snippets from David Rosenberg, Chief Economist & Strategist at Gluskin Sheff + Associates The contagion is already here, and chances are slim it stays in the FX market alone
President Trump is speaking publicly at a fundraiser. Comments on Nafta with this on Mexico and Canada I’ve bemoaned before the slow progress on Nafta negotiations and still they go on. Ah well, a lot to work through.
PBOC has skipped OMOs again today, – neutral (no RRs mature) – Bank citing relatively high level of banking system liquidity – 18th consecutive no OMO day from the Bank And once again weaker for the onshore yuan mid rate
For the equity traders out there, Musk with some comments on Tesla Musk has been on about taking it private for a while now – looks like he is firming up plans?
The Nikkei with a piece on Mrs Watanabe, as Japan’s retail investors are collectively known. Here is the link for more And … the losses from trying to counter the trend are not limited to Mrs. Watanabe I reckon
10 years of ForexLive, 10 years of navigating through EUR/USD twists and turns Fed cuts rates by 50 bps as recession hits. The recession prompts worries in Eurozone’s money market, liquidity has been sapped completely and there is a significant increase in net tightening of credit conditions. Fears of a banking crisis start to mount.
FX option expiry, the close by and of size for the 10am NY cut EUR/USD – 1.1500 EUR 698m USD/JPY – 110.00 USD1.1bn – 110.25 433m AUD/USD – 0.7350 AUD 1.1bn
UK jobs report the main focus point on the day It’s also today! The site would not be what it is today if not for the community and its people so I want to take this opportunity to thank all the readers and viewers out there. All of you are what makes this possible and
A piece in the PBOC-run Financial News – On the front-page report – Citing an unidentified expert – China should prepare free-floating exchange rate management framework No indication given to timing of doing so
Forex and Bitcoin news for Asia trading Tuesday 14 August 2018 A day of subdued movement, even for the TRY (relatively). Although Bitcoin took a tumble back under 6,000 USD.