Speculators in the futures market are still net long the euro. They have not been net short since May 2017. In the spot market, the euro approached $1.15 in late-May and again in mid-June. Last week’s it dipped below $1.16 for the first time in July and Trump’s criticism of Fed policy saw it recover. …
Great Graphic: Is the Euro’s Consolidation a Base? Read More »
On September 21, 2016, the Bank of Japan complemented its Quantitative and Qualitative Easing with Yield Curve Control. The BOJ began targeting the 10-year yield at zero, allowing it to move around 10 basis points away. It took the market a bit of time to adjust, but it did. In fact, the BOJ has been …
Following a record injection via the medium-term lending facility yesterday, China’s officials unveiled a set of policies designed to support the weakening economy that soon could face a substantial drag from US tariffs. The effort focuses on boosting domestic demand. Measures include targetted tax cuts and accelerating new infrastructure. This is a clear shift away …
China Turns To Domestic Stimulus, Weighs on Yuan but Lifts Stocks Read More »