S&P 500

S&P 500 UNOFFICIALLY CLOSES UP 7.56 POINTS, OR 0.33 PERCENT, AT 2,271.25

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NASDAQ

NASDAQ UNOFFICIALLY CLOSES UP 15.01 POINTS, OR 0.27 PERCENT, AT 5,555.09

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DOW JONES

DOW JONES UNOFFICIALLY CLOSES UP 93.60 POINTS, OR 0.47 PERCENT, AT 19,826.00

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Treasury yields on track for largest decline.

Both the 10- and 30-year yields were on track for their largest daily drop since Jan 5th. The yield on the 10-year Treasury note -2.96% shed 6.7 basis points to 2.397%, while the yield on the two-year note -6.70% fell 4.5 basis points to 1.148%. The yield on the 30-year bond -1.83% shed 7.2 basis […]

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Eurozone consumer confidence increased from -5.1 to -4.9 in January

“Eurozone consumer confidence increased from -5.1 to -4.9 in January, the highest level since April 2015. Improvements in the job market seem to be outweighing concerns about political volatility among consumers for the moment.” “Expectations of unemployment have declined significantly over recent months and expectations of the financial situation of households have improved. While 2017 […]

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Trump Era, sinking the American market

Donald Trump signed an executive order formally withdrawing the United States from the 12-nation Trans-Pacific Partnership trade deal on Monday, following through on a promise from his campaign last year. In an Oval Office ceremony, Trump also signed an order imposing a federal hiring freeze and a directive banning U.S. non-governmental organizations receive federal funding […]

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OPEC and key non-OPEC producers near target of taking 1.8 million barrels of crude a day off

At the first meeting of a joint OPEC-non-OPEC committee over the weekend in Vienna, Russia’s energy minister Alexander Novak said that OPEC and key non-OPEC oil producers are near their target of taking 1.8 million barrels of crude a day off global markets. Kuwaiti Oil Minister Issam A. Almarzooq, who chaired the meeting also spoke […]

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USD/JPY sinks, Trump Era on the move

Traders continue to unwind their USD-long positions against growing disappointment on the recent speech by US President Donald Trump. In fact, at his presidential inauguration, Trump delivered quite a protectionist message along with a lack of detail over his potential political/economic measures, particularly on the fiscal side. The softer tone in US yields continues to […]

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OPEC, Russia Say Oil Cuts Are Deeper and Faster Than Expected

OPEC and Russia said they are ahead of schedule implementing their historic agreement to curb oil output and boost prices. Saudi Arabia, Algeria and Kuwait have already made deeper cuts than required, while Russia has been able to reduce supply faster than expected, ministers from the countries said as they arrived in Vienna on Saturday. […]

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Trump Reverses Obama’s Mortgage Fee Cuts on First Day

Soon after Donald Trump was sworn in as president, his administration undid one of Barack Obama’s last-minute economic-policy actions: a mortgage-fee cut under a government program that’s popular with first-time home buyers and low-income borrowers. The new administration on Friday said it’s canceling a reduction in the Federal Housing Administration’s annual fee for most borrowers. […]

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Trump, From this day forward, it’s going to be only America first, America first.

Much of the speech was couched as an attack against a national political establishment that he said had pursued its own interests at the expense of the American people. “Today we are not merely transferring power from one administration to another or from one party to another,” Trump said. “We are transferring power from Washington, […]

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US Total Stock Index @ 23,606 gained 5000 points.

Since the beginning of 2017, the US total stock index going sideways with no actual gain or loss. From 2016 to 2017 the index gained over 5000 points, As major indexed, the total index was on hold after Donald Trump won the election and now becoming the US president, it has been 2 month since […]

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Eur/Usd

Eur/Usd, swinging back and forth between major long term support and resistance 1.0515 and 1.0710, the move will remain until it breaks one or the other. Volatility is so high in FX so must hit and run, they all waiting for Donald Trump to become officially the new President of USA. Today is day either […]

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JGBs long-term yields rise following U.S. Treasuries

The Japanese government bonds traded mixed Friday post a healthy open market operation (OMOs) by the Bank of Japan today. However, the country’s long-term bond yields jumped in intra-day trading, following current firmness in the United States debt market. Also, investors remain keen to watch the U.S. President-elect Donald’s Trump’s Inauguration Ceremony later in the […]

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S&P affirms New Zealand’s ‘AA’ credit rating

The Standard & Poors, credit rating agency affirmed New Zealands ‘AA’ foreign currency rating and AA+ local currency long-term sovereign credit rating and said its outlook remains stable. The Standard & Poor said in an emailed statement the Pacific nation had monetary and fiscal flexibility and a resilient economy, though its high external debt offset […]

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Trump faces trade war, as new President in USA

Trump’s campaign as President nears. Trump’s call for radical reform in US trade policy to lift domestic employment and wages reflects his strong criticism of what past policies have delivered. He has advocated imposing higher tariffs on countries that trade unfairly (with particular criticism of China), re-writing or scrapping the North American free trade agreement […]

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Draghi, price pressures remain subdued

President Mario Draghi’s main focus during the press conference was that the underlying price pressures remain subdued. In the introductory statement, the ECB concluded that the marked rise in inflation in December reflected mainly a strong increase in energy inflation. Related to this, the ECB concluded that it ‘will continue to look through changes in […]

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Egypt considering temporary stamp duty on stock market deals

Egypt is considering temporarily reintroducing a stamp duty on stock market transactions after the tax was frozen in 2014, two finance ministry sources told Reuters on Thursday. The comments come a day after the International Monetary Fund released the details of its $12 billion, three-year agreement to support a wide-ranging programme to reform Egypt’s ailing […]

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CAD: Still dovish BoC & NAFTA uncertainty

The loonie has displayed strong upward momentum since late last year falling from a peak of close to the 1.3600-level. The loonie’s correction lower was overdue as its strength was beginning to overshoot key short-term fundamental drivers. The correction lower leaves USD/CAD more closely in line with our short-term valuation model estimate at around the […]

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Bank Negara Malaysia keeps interest rate unchanged, USD/MYR down

The Bank Negara Malaysia (BNM) in its first monetary policy meeting of 2017 on Thursday maintained its overnight policy rate (OPR) at 3.00 percent, as it was widely expected. This decision was supported by stronger household demand, higher inflation prospects and weak MYR. According to the monetary policy statement, the Bank Negara Malaysia noted that […]

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Saudi Aramco to continue building oil, gas capacity to meet demand

Saudi Aramco Chief Executive Amin Nasser said the state oil giant was working on building its oil and gas production capacity to meet future demand growth. “What we are doing at Saudi Aramco is building our capacity in oil, we are the most reliable oil producer, we have a maximum sustained capacity of 12 million […]

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JGBs weaken following U.S. Treasuries

The Japanese government bonds traded weak Thursday, tracking U.S. Treasuries and on account of reports citing moods of economic growth optimism. Also, investors remain keen to watch the December consumer price inflation, scheduled for release next week and the month-end monetary policy meeting of the Bank of Japan. The benchmark 10-year bond yield, which moves […]

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Dow Jones Futures at lowest level

The Dow Jones Industrial Average declined to its lowest level since December 30. The benchmark gauge has declined nearly 1% from its previous record high on December 20. Friday interview with The Wall Street Journal, President-elect Trump said the US dollar was “too strong,” an indication he was not open to rising interest rates as […]

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U.S. Dollar Index rebounding before Friday, Trump Day

The U.S. dollar is higher in today’s trading after the sharp decline yesterday,the U.S. dollar index, is trading at 100.86, up 0.48%. Should the dollar maintain its recent gains and attempt to move higher, first resistance is now at former support at the 100.95 level, which is currently being tested. On a sustained move above […]

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USD/CAD update

Canada, Governor Poloz stated that significant downside and upside risks had been discussed and that a high degree of uncertainty prevailed during his press conference. Overall, a rate cut remained on the table if downside risks to inflation materialise, although the main focus continued to be on the high degree of uncertainty surrounding the outlook. […]

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British Prime Minister Theresa May confirmed Britain will be leaving European Union.

British Prime Minister Theresa May confirmed Tuesday that European Union. May said Britain does not want partial membership of the EU, while insisting that it wants to remain “the best friend” to European partners. May said the U.K. would seek a bold, ambitious trade agreement with the EU, Britain’s national interest for the EU to […]

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Gold Rise again on Trump’s adviser comments.

Last week Trump said ( the US’s trade surplus with China has declined) this weaken the US currency. Today Trump adviser  comments weakened the dollar much more, Gold and Silver took advantage of the comment and now both are making new leg up to a new year high. The dollar is weakening fast taking all dollar […]

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Trump’s adviser urges caution over rising USD, Oil Rise

The US President-elect Donald Trump’s adviser Scaramucci crossed the wires last hour, via Reuters, speaking at the World Economic Forum (WEF) in Davos. Trump administration wants independent Fed Urges caution over rising dollar. Crude oil have continued to rse on the news and after GCC members of the OPEC have confirmed on declining oil production […]

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USD/CAD, perfect move took place

Usd/Cad resumed its recent downside move since yesterday after hitting 1.3188 the back side of the trend line as we outlined in previous post, fading yesterday’s bullish attempt and returning to the region of 2-week lows near 1.3100. Risk aversion sentiment – which has prevailed throughout Monday’s session – seems mitigated for the time being, […]

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Gbp/Usd the weakest pair of all majors update

The dollar strength today has picked up some bids at the start of this week and the market remains long on speculation that Trump will provide a foundation for a stronger dollar during. For GBP/USD the main event will come tomorrow when PM May offers some guidance on Brexit and while the weekend news was […]

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Usd/Cad Update

Usd/Cad already trying to break the backside of the trend line that reached a few minutes a go, it reached as high as 1.3186 and pushing on the backside of the trend line to continue higher. The weakness in cad has pushed Oil price down, this week we very important date on Friday, it is […]

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Dow Jones Avg

In January 6th, 2017 Dow Jones came within a fraction of breaking the 20,000.00 the highest level, but the pressure was on and Dow Jones was unable to break it. The bullish stance for Dow Jones still intact as long as 19,770.00 holding strong as it has been since December, 2016. This week is very […]

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USD/CAD OUTLOOK

USD/CAD has been on the the downside since we reached 1.3576 ( TP ) level, weaker dollar has contributed to the down move ( higher TP = longer retracement ), we have mentioned that in our post since it reached 1.3576. Contribution to the down side came form Oil price strength in the past few […]

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FX last week gainers and losers pairs

It was very volatile week trading last, now politics is taking over the market in a big way, specially after Donald Trump win the election, anything he say expect the do to go crazy depending on the news related to fiscal policy and QE. As usual Wall st react to any new, they have the […]

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GBP the weakest of all pairs, no direction

Most pairs gained against the dollar, but Gbp/Usd has no direction, ranging between 1.2324 and 1.2038 for the last week. Prime Minister May will make a speech Tuesday on her approach to Brexit. This may overweight again on Gbp/Usd, sooner or later U.K have to deal with it. This week, Gbp/Usd may try to go […]

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This week focus is Trump’s inauguration

This week the market will focus on Trump’s inauguration, and the US dollar moves. The dollar weakness was the main focus of last week trading activity against all majors and commodity. Steep losses after Wednesday’s press conference from President-elect Trump, over the lack of commentary surrounding any fiscal policy. US economic data will continue to […]

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THE FORECAST OF CHINA’S ECONOMY FOR 2017

For the eighth year in a row, the National Committee on U.S.-China Relations and Peking University’s China Center for Economic Research (CCER) brought together leading Chinese and American economists for panels on China’s economy in 2017 and beyond. Held in the NYSE Boardroom, the discussions focused on the progress of reform, the real estate, credit […]

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Egypt to Receive Iraqi Oil

Iraqi Ambassador to Cairo, Habib Al Sadr, stated that Egypt is about to start receiving 1mb of light crude oil per month from Iraq within the coming few days. The Ambassador added during an interview with Egypt’s official new outlet Middle East News Agency (MENA) that the light oil cargos will come from Al Basra and […]

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Nooros to Produce 1.2bcf/d of Gas

Italian Eni has raised its expectations for production from Egypt’s Nooros Field by 20% from the planned 1bcf/d to reach 1.2bcf/d by mid 2017. A source with the Egyptian oil and gas sector stated that the company found out during the drilling of development wells in Nooros that it is possible to boost production to 1.2bcf/d. The […]

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ECB minutes show strong consensus in favour of QE

ECB minutes of the December meeting were largely hawkish, but some discord was seen over QE. Some ECB members were against any extension of the institutions mass bond-buying programme as inflation picked up in the euro zone, minutes of a December meeting showed today. ECB officials noted at their December meeting that the bloc’s economic […]

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USD/JPY

Yesterday, USD/JPY a nice dive to 113.75, our target was 113.95 ( complete ) thanks to Donald Trump. And Since, the pair resumed its correction and broke out to the upside now @ 114.45 With today’s price action, 115.45 is upper near medium term resistance. It is Friday the 13th and we are expecting more […]

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Oil rise on Saudi news

The news that Saudi Arabia has cut oil output to the lowest in two years and is pledging further production cuts helped oil price. Saudi Arabia, the world’s largest oil exporter, said that it had cut oil production more than what was agreed upon in November and daily production is now back below 10 million […]

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Eur/Usd, what is next

Eur/Usd did not disappoint our outlook for the pair, yesterday it reached 1.0660 TP line which we were expecting it to reach, The AB = CD remain intact with two lines of support now, 1.0595 and 1.0610-20, Since yesterday close the pair had been in correction, this correction it may take all day until next […]

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Gold, Friday the 13th

Donald Trump’s first press conference since the election received mixed reviews from investors, who were hoping to get a taste for upcoming fiscal policies. The US dollar declined following the Wednesday event and continued lower on Thursday, where it was trading at one-month lows against a basket of other major currencies. Gold rallied on Thursday, […]

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Opec oil agreement

Iraq is dissatisfied with current oil prices, according to Iraqi Oil Minister Jabar Ali Alibi. The country is looking forward for oil prices to reaching around $65 per barrel (pb), Alibi added on the sidelines of the Atlantic Council Global Energy Forum in Abu Dhabi. Iraq will reduce its crude oil exports by a total […]

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The Dollar index slammed 150 pips, thanks to Donald Trump

The US dollar has lost ground today and has done so in fashion, dropping nearly a full 160 points in the DXY from 102.95 to 101.35 in response to Trump’s presser today. The main theme was around a conflict of interest in respect to his international business and the constitution – Trump has handed over […]

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The dollar lost ground after Donald Trump Press conference

The dollar lost ground on disappointment over a lack of significant comments on fiscal policy with USD/JPY dipping below 115.00 with fears over a trade war with China also important. US Treasuries edged into positive territory, while equities were little changed after dipping into negative territory.   Trump reiterated that the US needed to make […]

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BTC/USD: Bitcoin slammed again it is under $800

Bitcoin’s volatility that led to the digital currency’s biggest crash has taken center stage again. Bitcoin crashed from above $900 to under $800 for the day. Bitcoin, the strongest performing currency of 2016, came within $25 of all-time highs last week. Then, suddenly, the People’s Bank of China (PBOC) lowered the yuan’s midpoint rate against […]

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Aud/Usd target has been reached 0.7395

Aud/Usd, in my last update I have mentioned that Aud/Usd  broke out of the range and now is targeting very important level 0.7395, which today is has been reached. Aud and Kiwi are showing strength against the dollar since last week, which transformed into a bull run to hit level after leve, 0.728, 0.7335 and […]

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What a day, EGX30 hits all time high 1,3014.5 (+233.38 points)

(EGX) moved higher on Tuesday boosted by the buying activity of local retail investors. The benchmark index added 1.83% or 233.38 points to close at 1, 3014.5 points that considered its all-time high level. The small and medium caps index EGX70 went up 0.56% to 463.2 points, while the broader index EGX100 gained 1.51% or […]

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Tadawul down another 1.04% for the day

Saudi Arabia Tadawul ( TASI )closed lower at the end of trading day on Tuesday, losses were recorded in the media and advertising , multiple investments and petrochemicals sectors. Saudi Arabia ‘s main index closed lower at-1.04% January record low. The leading stocks today in the Saudi general index was Arab share Shield Cooperative Insurance […]

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Tadawul, the bearish move continued, hit support one

Tadawul continued its bearish correction move today adding another 70 points to the downside then reached support one. Profit taking and the price of Crude Oil helping the down move, Crude oil slump yesterday which the the low price took its tool on KASI index. At this time we are looking for a small recovery […]

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Gold prices advanced to a new high

Gold has attracted demand after falling to new multi-month lows. The drop in gold prices has helped spark demand for the precious metal in emerging markets, including China. gold is closing in on the next level of important resistance at $1,194. This level of supply is likely to attract sellers, particularly if the current overbought […]

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Eur/Usd

In my last post I have mention the up move will take place on the pair, despite the fact that it was looking bearish, I have posted the chart for you all showing AB = CD on the weekly and daily time frames, this pattern has been holding very strong and the pair since the post. […]

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China’s economy is slowly rebalancing

China’s economy is slowly rebalancing, although risks tipping over thanks to one of the biggest asset bubbles in history. Chinese policymakers are boosting efforts to cool the country’s red hot property values, and in doing so risk slowing the economy even further. Broad measures of economic growth have been stable in recent months, as the […]

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Egypt’s government performance in 2016

The semi-annual report on the Egyptian government’s performance published in Al-Ahram newspaper on Friday has indicated the reduction in trade deficit and imports as the highlights of the economic file in 2016. The report tackled the general outlines of economy, national security, social justice and industrial development, indicating improvements in each file from April to […]

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Bitcoin more Suffering Biggest in Two Years, down 31% approaching $802 support.

Bitcoin more Suffering Biggest in Two Years approaching $802 support. BTC/USD exchange rate fell more than 30% reaching a session low of $829 low after the big jump last week. That was the digital currency’s biggest plunge in two years. The digital currency’s sharp decline was largely due to the Chinese yuan, which on Thursday […]

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Dubai Financial Market confirms plans to introduce short selling in the next few months

(DFM) confirmed on Thursday the international news that it plans to introduce covered short selling for selected securities to boost liquidity. The bourse will provide the service within months following approval by market regulator, the Securities and Commodities Authority (SCA). Abu Dhabi’s bourse also announced last week its intention to introduce covered short-selling in the […]

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U.S. $ Index Jumped to 102.30 ( Resistance ) after NFP, the war is on

The dollar index jumped higher ahead of NFP and after the release of the date and held those gains following the to finish Friday up 0.67% from Thursday’s close. The Jump is mot really impressive as the way we see it as long as the $ index still under 102.80, this move we consider as […]

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Dow Jones reached within a hair of 20,000 Friday

Dow Jones index peaked to 19,999.63 yesterday, but eventually closed at a new 19,963.80, gaining 64.51 points and unable to break the 20,000 mark. Markets responded positively to a mostly upbeat US jobs report showing the fastest rise in wages since 2009. Average hourly earnings rose 2.9% in the 12 months through December, the Labor […]

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Dow Jones struggling First week, NFP make or break it.

Dow Jones index opened lower amid broad weakness in the futures market. The benchmark gauge settled down 42.87 points, or 0.2%, at 19,899.29, snapping a two-day winning streak. On Wednesday, US stocks settled just below record levels following the release of the Federal Reserve’s December policy minutes. The Dow closed in on 20,000, but stopped […]

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BITCOIN crashed as Chinese authorities stepped in to shore up a plunging yuan renminbi

BTC/USD exchange rate fell more than 23% in intraday trade, reaching a session low of $887.47. That was the digital currency’s biggest plunge in two years. Bitcoin would later pare losses against the dollar now @ settle at $983,00 The digital currency’s sharp decline was largely due to the Chinese yuan, which on Thursday rose […]

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2016 a turbulent year for Bank of Japan (BOJ) monetary policy.

2016 as a turbulent year for Bank of Japan (BOJ) monetary policy. Starting with the decision in January to introduce a negative interest rate policy, the BOJ launched yield curve controls and several other ground-breaking policies in 2016. In September 2016 the BOJ also announced a comprehensive assessment of its monetary policy to date. In […]

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Egypt’s non-oil private sector sill faces harsher business conditions.

Egypt’s non-oil private sector sill faces harsher business conditions, while Saudi’s and UAE’s show further expansion, according to the Purchasing Manager Index’s (PMI) reading for December 2016. Regardless Egypt’s m/m PMI increase, rising costs is still pressuring the private sector, leading to lower output, new orders and input buying. The private sector is forecast to […]

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EGX30 added 215.8 points to close 12,824.3 points on Thursday.

Egyptian Exchange (EGX) closed in green zone on Thursday on remarkable buying activity by Arab and foreign investors. The benchmark index EGX30 added 1.71% or 215.8 points to 12,824.3 points. The small and medium caps index EGX70 added 0.37% to 464.27 points, while the weighted index EGX50 rose 1.08% to 1,992.31 points. The broader index EGX100 edged […]

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Markets at the mercy of politics in 2017

Markets at the mercy of politics in 2017 Donald Trump policy make central banks focus of attention of investors. It will be political uncertainty for another year, and one of the biggest issues facing investors in 2017. According to «The Economist» British magazine, that investors should have to deal with the New US administration and […]

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USD/JPY extended Wednesday’s move to the downside. The war is on.

The ADP employment change data release confirmed the down move for the pair after failed several attempts to break above Tuesday 117.81 and and Wednesday 116.73. The pair struggled for a little time then the continuation of the down move continued back to 115.21 and now just around 115.50 The high impact employment report will […]

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US data (mixed picture), NFP eyed next

The latest ADP employment report indicated that private payrolls increased by 153k in December. Most of the weakness was from the goods producing sector which lost 16k payrolls in December, but the service providing showed steady gains, which appear consistent with the elevated reading of the employment index in December ISM nonmanufacturing survey. Although weaker […]

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Trump Effect on the dollar 2017

The dollar slammed again in the first week of 2017, most pairs are gaining what the have lost the last 2 weeks and more, we have been saying keep you eyes open and look very good in your chart you will see it written there and telling you there is no more down at lest […]

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The Egyptian Exchange (EGX) kicked off Thursday session positive

The Egyptian Exchange (EGX) kicked off Thursday session on positive note amid buying activity by Arab and foreign investors. Thursday early trading witnessed 49.5 million shares changed hands worth EGP 199.4 million, carried out through 3,861 transactions. (EGX) is forecast to target 13,000 zone over the coming sessions on investors’ appetite for buying certain stocks, […]

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Foreign exchange reserves in Egypt increased to 24.265 billion dollars.

The Central Bank said on Thursday that Egypt’s reserve of foreign exchange increased to 24.265 billion dollars at the end of December from 23.058 billion dollars at the end of November. The latest figures mean that monetary reserves rose by 1.207 billion dollars in December. Egypt was surprised the markets on the third of November, […]

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GBP/USD Neutral

GBP/USD is currently higher on the day, BUT trading 1.2300 -1.2360 range, the pair is maintaining below the 1.2380 level, resulting in no improvement to the current technical condition. On the upside, resistance is now at last week’s 1.2388 high 1st resistance a break above this level suggest a move to the next level of […]

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AUD/USD Broke Out of the Range. Trump Effect

AUD/USD turned lower following the minutes release, but losses were not sustained and a turn higher has resulted in a daily close near highs. While the pair has signaled the potential for a broader recovery with the advance on Wednesday. A horizontal level at 0.7395 had held the pair higher in the aftermath of the […]

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Gold Prices @ Four-Week High. Trump Effect

The precious metal has risen in six of the last seven sessions, as gains in the US dollar slowed during the holidays. The yellow metal crashed to 11-month lows in mid-December, but has since rebounded more than 5%. The US dollar fell against a basket of other major currencies on Wednesday, as investors awaited fresh […]

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Policy makers agreed to continue to closely monitor inflation. Trump Effect

The minutes from the December (13rd & 14th) Federal Reserve’s monetary policy meeting have been published, highlighting that about half of policymakers incorporated assumptions of greater fiscal stimulus in their forecasts Almost all federal reserve policymakers saw upside risk to economic growth forecasts on expectation fiscal policies will be more expansionary under trump -minutes from […]

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GBP/USD holding under 1.2320 before FOMC

For the past few days GBP/USD has been playing very small range, prepping itself for FOMC move. Tested the 1.22 level twice around New Year and while the market has bounced somewhat from the low, the rebound only becomes materially important if it can extend to and through the intervening high at 1.2385 to trigger a […]

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Bitcoin extending its bull run to $1130, Wednesday not over yet.

The BTC/USD exchange rate spiked 9% to $1,130.00 on Wednesday. Like any other asset bought and sold in the market, bitcoin is subject to the laws of supply and demand. However, unlike conventional money, bitcoin has a finite supply of 21 million. That’s the total number of bitcoins that will ever be mined. Since there […]

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Bitcoin as high as $1,091 on the New York-based itBit exchange.

The Digital currency Bitcoin extended its record-setting rally on Wednesday $1091, hitting its highest levels since November 2013 amid increased demand from buyers in China. According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency rose 4.7%, to $1,079.41. The yuan-denominated Bitcoin prices on Shanghai-based BTC China […]

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Is Trump’s on the wrong side of many economic debates?

The world’s beacon of democracy, is practicing a strange form of it nowadays. One presidential candidate won nearly three million more votes than his opponent, who, with a big assist from a hostile foreign power, was nonetheless declared the winner. It gets stranger. A Pew Research opinion poll conducted between November 30 and December 5, […]

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Japan PMI Hits 12-Month High in December

The Markit/Nikkei final manufacturing purchasing managers’ index (PMI) came in at 52.4 in December, up from a final reading of 51.3 in November. The reading was well above the flash estimate of 51.9 released last month, which is based on roughly 90% of survey responses. It was also the fastest acceleration in manufacturing conditions since […]

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Bitcoin has seen its value rise to four digits $1065

Bitcoin has seen its value rise to four digits, the value of one Bitcoin currently sits at U.S. $1,065. Since the start of 2016. You can see with the strong up-trend that the bears were in full control for most of the year. While the value of each individual Bitcoin is slightly below its all-time […]

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USD strength returns

China economic news dominated Asia this Wednesday, while broad based US dollar demand re-emerged across the fx board. The demand for safe-havens such as the yen, gold etc., took a back seat as sentiment remained upbeat amid higher treasury yields, Asian stocks and oil prices. In Europe, there are plenty of risk events such as […]

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Shanghai Composite gained 32.28 points today.

The Shanghai Composite Index is back in positive territory now gained 32.28 points. The final closing price was 3,135.92, on volume of 142 million shares. The Shanghai Composite Index is back in positive, but has lost 2.15 percent for the last month. The Index is up 4.37 percent over the last three months, and down […]

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NFP is the highlight of the week

  Over the last ten years, December has seen less job growth than November in seven times and for the last three years in a row. This is not sufficient to refute the null hypothesis, but it may make one cautious. The US economy appears to have slowed down considerably after that heady 3.5% pace […]

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