March 17, 2020 @ 7:41 pm | Breaking News |
The Japanese yen soared 2% Monday after the Federal Reserve announced that it would cut interest rates and add $700 billion to its balance sheet by buying Treasuries and mortgage-backed securities. The dollar was down 0.66% Monday against the DXY Spot Index, a basket...
February 19, 2019 @ 7:09 pm | Breaking News, Volatility |
The latest round of U.S.-China trade talks resumed today in Washington. The Trump administration’s March 1 deadline continues to walk nearer–although everyone on Wall Street expects that President Trump will decide good progress has been made and will...
January 3, 2019 @ 7:22 pm | Breaking News, FXY, Jubak Picks Portfolio, Volatility |
On December 27 I switched to the  Invesco Currency Shares Japanese Yen ETF (FXY) from the Vanguard FTSE Developed Markets ETF (VEA) in my Perfect 5 ETF Portfolio (on my subscription sites JugglingWithKnives.com and JubakAM.com) in an effort to get more yen exposure...
September 13, 2018 @ 7:41 pm | Breaking News, Update, Volatility, You May Have Missed |
The dollar is down today against the euro and some emerging market currencies, such as the Turkish lira, are rallying. The news ostensibly behind the move is some data indicating that U.S. inflation slipped in August. The logic goes that with inflation sliding the...
May 8, 2017 @ 7:11 pm | Breaking News, Volatility, You May Have Missed |
And now comes the hard part. Centrist newcomer Emmanuel Macron trounced far-right candidate Marine Le Pen in Sunday’s vote for president of France. Macron won 66.1% of the vote in the two-person run off. The political and business leaders of France and the...
February 8, 2017 @ 5:21 pm | Breaking News |
So far the euro is hanging tough and the French financial markets are doing better than I expected. But I think that’s likely to change in the next four to six weeks. In Dutch elections on March 15Â Geert Wilders and his far-right Freedom Party look likely to win...
January 16, 2017 @ 7:49 pm | Breaking News, Volatility |
In an interview with the London Times and Germany’s Bild President-elect Donald Trump managed to dismiss the European Union as a tool for expanding German exports and to label NATO as obsolete. Trump praised the Brexit vote saying that people “want their...
January 5, 2017 @ 8:09 pm | Breaking News, Volatility |
In my macro look forward at 2017 “My-forecast-of-the-big-events-and-macro-trends-for-the-year-ahead-the-12-most-dangerous-months-of-2017/” I flagged the lose/lose decision facing the European Central Bank in the year ahead. The bank’s current policy...
October 22, 2010 @ 2:24 pm | Leading Indicators |
Is India next? Will India be the next country to join the global currency wars? If you’re counting votes at the upcoming G20 meetings, this isn’t a minor issue. India could make the difference between agreement on a unified global response and go-it-alone...
September 24, 2010 @ 12:29 pm | Leading Indicators |
Japan isn’t the only country to intervene in the markets in an attempt to drive down the price of its currency. Brazil’s central bank has moved to buy dollars and to sell the Brazilian real repeatedly in the last week. Until it fell on September 20 and 21, Brazil’s...