The early month of October began with a myriad of experiences when the equity market went leaching in the red after a break from the long bull run since February. The DJI shed more than 600 points in a single session as risk-on mode eroded unconventionally as investors sought catalysts that precipitated the downfall. The sneeze that began in the US gave a cold to...
Boj stance on monetary policy will lead jpy pairs come Tue. Meanwhile the BOJ maintained a positive outlook of the economy while it reduced its bond purchases prompting a taper talk
A rebound on the cj is likely due to release of high econ data later in the week. Otherwise a breakout on price 86.361 would mean a bearish trend...
What happened to the SPX/DXY correlation which began positvely in late 2016 and lost its rhythm in march this year... could it be excess inflow into stocks and outflows from govt bonds. Here is the take we are at the verge of a tightening cycle globally. Will the rate hikes come 2018 support dxy? If it does will the stock market maintain its trajectory to record highs?
The Trump agenda has devastatingly shaped the US dollar,debt and resulted to a skyrocketing stock market. Drama and headline news affecting the White house has also weighed on the USD ie NK n Robert Mueller invstgs. Far from DC, the economic front is raising concerns as tightening labor market n high GDP growth are both seen not to produce a sustained inflation...
China one of the biggest US trade partner is hesitant to sanction Kims regime and U.N participation is wanting in terms of mediation. North Korea is seeking a political stunt!! like it previously did. Anyway,we still bound in a cocoon of headline missile tests which should be attended to deliberately. CANT GET OVER TOM AND JERRY!