Alibaba reports BMO tomorrow and is down 3% today on claims that the government regulator is concerned with fraud and oversight. Buy the dip?
Goldman Sachs says $40 oil first half of the year but $65 to $70 in the second half of the year and this story is catching some headlines.
China’s final GDP results came in better the expected at 7.3% q/y last week and USB is looking for China to continue at a pace of 6.8% for 2015. UBS went on to say it expects further China policy measures will help the county’s sluggish economy.
Last week I said on Fast Money that the way to play the Swiss National Banks letting the Euro peg go was to BUY EUROPE, but hedge the currency.
The spot price of crude oil pushed higher in the news of Saudia Arabia King Abdullah’s passing. The bulls are speculating on a shift in Saudia Arabia’s policy of letting crude prices to fall.
Emerging Money Daily Audio Preview Call – January 22 – On the call today how rare in life how something with such high expectations delivers – The ECB did that today!
The Brazil trade continues to work with equal lifting coming from both the currency and the Ibovespa. In total return you have seen a 14% move off the lows on Dec 16th with the drivers being.
The European Central Bank (ECB) exceeded expectations (so rare in life) with their monthly 60 billion euro asset purchasing until Sept 2016 and an open ended loaded bazooka in their pocket.
Emerging Money Daily Audio Preview Call – Friday, January 16 – On the call today we get into emerging markets currencies that are actually doing your heavy lifting for you at a time when the U.S. dollar is heading to six year highs on the DXY.