DXY soaring up to key technical levels
The dollar index has soared 3% since bottoming out on August 29. At these levels, the odds of a full-fledged breakout move are higher than they have been in more than year.
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The dollar index has soared 3% since bottoming out on August 29. At these levels, the odds of a full-fledged breakout move are higher than they have been in more than year.
Risk on or risk off? These are stupid terms that oversimplify what is going on in the global financial markets, but they can be useful in the short term.
Why is gold a buy other than as a flight to safety if the euro rips apart — or as an inflation hedge if QE2 swamps the dollar? Because all China needs to do is tweak its reserves to move this market.
As part of South Korea’s activity in the currency wars, the country is now gearing up to revive a 14% tax on foreign investors who buy won-denominated bonds.
Today’s news that U.S. producer prices declined 0.6% in October will probably only be a blip, given the surging commodity prices
News of a second round of quantitative easing pushed the dollar down 1.2% in a matter of days. But now,
With the biggest week of news and data in recent memory under our belt, where do global markets go from here? The calendar is light, which means there’s room for heavy lifting.
Winding down an extraordinary week that leaves central banks with plenty to do and could create some hangovers next week.