Emerging market currencies have been under fire in recent weeks, and with the impending U.S. sanctions against Iran, U.S. President Donald Trump may have just turned up the heat. Until recently, emerging market currencies had been enjoying a two-year rally. All this started changing in mid-April, when traders began dumping emerging market currencies steadily. According…
A Movie We Have Seen Before – Repatriation Effect? There was a sizable increase in the year-on-year growth rate of the true US money supply TMS-2 between February and March. Note that you would not notice this when looking at the official broad monetary aggregate M2, because the component of TMS-2 responsible for the jump…
US futures are flat, and European stocks are little changed after their longest winning streak since mid-March following a barrage of overnight news, including a dramatic escalation in fighting between Israel and Syria/Iran, a shocking election victory in Malaysia where opposition leader Mahathir Mohamad ended the six-decade rule of Najib Razak’s party sending more shockwaves…
Alstom (ALSMY) said it signed yesterday an agreement with General Electric (GE) relating to the implementation of the agreements from 2015 regarding the intended exit of Alstom from the three energy joint ventures. The “Renewables”, “Grid” and “Nuclear” joint ventures were set up in November 2015 as part of the sale of the Alstom…
Traditional Markets Two steps forward, one step back. We hope that the escalation are resolved quickly and peacefully. Indeed, according to IDF spokespeople, it will take the Quds months to recover from this. These images of three US prisoners coming home from North Korea is very reassuring indeed. Speaking yesterday, President Trump announced that a time and place for his…
Kiwi fell to its lowest in 2018 after Governor Orr statement, Short NZD/USD? RBNZ have left rates unchanged at 1.75% as expected. Even though New Zealand has seen solid global and domestic growth, with the economy operating around full potential, RBNZ have revised forecast for GDP and Inflation downwards. Three dovish statements have led us…
USD/JPY 4 hour The USD/JPY is in an uptrend channel and price has recently broken above the resistance trend line (dotted orange) but price is struggling to break above the previous top at 110. A bullish break above the previous high could indicate a continuation of the uptrend whereas a failure to break above the…
The Industrials Sector includes twenty-three industries all related to designing, fabricating and servicing stuff we want and use. The industrials industries range from aerospace and defense to waste management with all the transportation, business services, and equipment required in between. Today I’m reviewing a Large Cap Dutch-based Staffing & Outsourcing Services firm offering a wide…
WTI Crude Oil The WTI Crude Oil market rallied during the session on Wednesday, breaking clearly above the $70 level. I believe that breaking above the $71 level also shows that we are ready to go much higher. I think the $72.50 level above is a target. Short-term pullbacks should be buying opportunities, as we…
Electricity-generating wind turbines are seen on a wind farm in the San Gorgonio Pass area on Earth Day, April 22, 2016, near Palm Springs, California. Photo credit DAVID MCNEW/AFP/Getty Images. The history of power production through the early part of the 21st century was very much a tale of nonrenewable energy resources. Power was produced primarily…
