Top reads from the week that was… Read the rest of this entry »
Posts Tagged ‘Foreign Exchange (FX)’
Wanted to update my outlook for Chinese Renminbi’s ($CNY) major FX crosses, because the Yuan itself has rallied hard over the last week… Read the rest of this entry »
Although Volkswagen is desecrating the German economy — spreading to greater Europe & even the US — the most important charts in the universe today are currencies. Specifically, Chinese Yuan ($CNY) crosses against the Euro ($EUR) and Japanese Yen ($JPY). Read the rest of this entry »
Everyone trivializing the Fed’s (expected) upcoming rate hike needs to stop being so ideological, stubborn, obtuse, etc… Read the rest of this entry »
Major currencies are on the brink of big breakouts or breakdowns. The aggregate picture would suggest a USD breakdown, but waiting for the signal before reacting… Read the rest of this entry »
A combination of California port closures and record snowfalls in the Northeast have conspired to drag on 2015q1 economic data. Recall that both matters were formidable headwinds a year ago as well, with 2014q1 GDP @ -2.1% saar.
A couple notes in regards to that comparison, which is an important gauge of 2015’s economic health: