Commodity Trade Mantra

Posts Tagged ‘Foreign Exchange’

How Much More Higher Could The US Dollar Go?

The US Dollar broke out of its multi-year downtrend and soared above 100. Needless to say, the USD did in fact strengthen a lot. After that initial leg up, the dollar has remained in a consolidation range for much of 2015. Though it recently broke out of a wedge/triangle formation to the upside, it’s not yet clear if this is a definitive move higher or more consolidation.

The Next Financial Crisis Won't be Like the Last One

It’s not that difficult to predict that the next global financial crisis will arise not in the banking sector but in a market that’s beyond the reach of central banks.That is, printing $1 trillion and promising to “do whatever it takes” won’t fix what’s broken. It seems increasingly likely the next Global Financial Meltdown will arise in the FX/currency markets.

Why the Fed Would be Insane to Raise Rates: The Rising U.S. Dollar

What happens when the Fed makes the US Dollar more attractive to global capital? Capital flows even faster out of emerging economies and China. The tidal flow of capital out of emerging markets and China threatens to surge into a veritable tsunami should the Fed raise rates. What happens as capital flees emerging markets and China? Lots of bad things.

Will China's Currency Peg Be the Next to Fall?

A pegged currency rises & falls against other currencies along with the underlying currency. As the dollar weakened from 2010 to mid-2014, China’s Renminbi weakened along with it. Now that the USD has gained 16% in less than a year, that’s dragging the RMB / Yuan higher with it, making China’s goods less competitive outside the US.

Why Is China Hoarding Gold? Alan Greenspan Explains

A return to the gold standard in any form is nowhere on anybody’s horizon. It has few supporters in today’s virtually universal embrace of fiat currencies & floating exchange rates. Yet gold has special properties that no other currency can claim. For more than two millennia, gold has had virtually unquestioned acceptance as payment.

12 Largest Banks Sued By Public Retirement Funds For "Conspiring To Rig Global FX Markets"

A group of investors across the U.S. and Caribbean, including city and state pension plans have filed a joint lawsuit against 12 banks (All the Too Big To Prosecute banks) for “allegedly conspiring to rig global foreign-exchange prices.” Allegedly? Hasn’t everyone read the Cartel chatroom transcripts yet?

Gold Regains Safe Haven Status From Emerging Markets

Gold has regained its reputation as a safe haven from turmoil in emerging markets & elsewhere early this year, particularly as tension over Ukraine & the Crimea region continues. Geopolitical risk is a theme that will drive gold prices this year, helping investors hedge against foreign exchange volatility.

Russia Raises Gold Holdings By 7.247 Tonnes To Over 1,040 Tonnes In Feb

Russia has increased its gold holdings by 7.247 tonnes to 1,042 tonnes in February. Turkey and Kazakhstan also raised their bullion reserves, data from the International Monetary Fund showed today. It will be interesting to see what Russian demand is in March and indeed in the coming months.

The Collapse Of The Dollar Is Unavoidable - Peter Schiff

None of the attributes that made the US & the dollar so great and deserving of the world’s reserve currency status, exist today. America is now a mirror image of its former self- Now the world’s biggest debtor, with the biggest trade deficit and the dollar backed by nothing.

Indian Government May Cause Gold Pullback

The Indian government finally succeeded in stifling gold imports in August and are expected to be shockingly down to 2.5 tonnes, considering that India represents the largest chunk of global demand and imported an average 72 tonnes per month in 2012.

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