Down.

EUR/USD to Rise Further? FOMC, Italy and Brexit May Bring Losses

Having unintelligently engineered a global economic slowdown the US administration now faces share market investors with a curly question: Can the US economy sustain the current expansion into 2019 now that the gas in the tank is running very low? ...

Asia cheered by post-election Wall St rally, US dollar bounces

Its time to note again that plus or minus 5% is not a rally or a collapse its stability. For any currency pair. As traders or investors the reality is that the market can vary plus or minus 20% intra day if the market reacts that way to the madness ...

The Pound’s Rally May Be Ignoring a Big Risk

Three reasons to be bearish on GBP. 1. The problems are being repeated ad nauseam. 2. The global economy is slowing and has downside risks (not a good climate for the new order post-Brexit announcement). and 3. The odds are some political ...

EU’s Barnier: Not At 100% Accord Of Brexit Accord - Lacking Deal On Ireland; Need...

You get a strong feeling of fluffy reading this article and the reason is that economics has already established decision making procedures which are ignored or misinterpreted to steer the debate thru to a fluffy endpoint. There are many examples. ...

Grappling With Globalization 4.0

The US economy is producing new jobs at the same average numerical rate as for the past 5 to 6 years which is nothing remarkable nor attributable to presidents. It won't affect the jobless rate much, nor the participation rate, nor the Fed Funds ...

What to Expect From the U.S. Jobs Report

Hmmm. Regular readers here will remember the case for a stronger dollar during 2018. Nothing major has changed. Relative strong US growth, no output gap, stable if erratic administration, global slowdown which US is insulated against temporarily and ...

Euro rebound still on cards but conviction starting to waver - Reuters poll

I.e weakens not strengthens.

PBOC strengthens Yuan fixing rate by 0.43%, most since August 28th to 6.9371/USD

This is no surprise at all. Create all sorts of anguish, uncertainty and lack of economic confidence around the world, use your snobbery and power to weaken global institutions, cause billions of dollars of lost production and income, then claim a ...

Trump said to ask cabinet to draft possible China trade deal

This thread is about GBP in relation to Brexit. This must be about the 25th time that a life belt has been thrown out to weary GBP bulls. Having been lucky, very intelligent and cautious, (some profits) I am not about to put big chips into the pot ...

EU sees new positive mood in Brexit talks, official says

Donald, you may think its your fault - it is. Apologies to Good Will Hunting.

Japanese stocks fall more than 3 percent following Wall Street sell-off

Such articles are welcome and essential. But no mention of GFC, of structural shift in oil market and the emergence of China. The shift down in US productivity is frequently blamed by US economists on demographics but this does not explain the ...

Kaplan: The Neutral Rate of Interest

People working when UK joined are now in their 60s 70s plus and entitled, as everyone else, to influence the UK's future in what they think is a positive way. But annual referendums do not produce a consensus view but a spin doctor view divorced ...

Hundreds of thousands take to streets in London demanding second Brexit vote

If it ain't broke.... I believe that it was Trump who fired Yellen and hired this new crazy guy. This makes Trump un poco loco. or maybe he just gets off on firing and hiring through boredom. Greenspan facilitated shadow banking - can't understand ...

Greenspan says that before Trump, presidents criticized the Fed 'all the time'

Sustainable profitability of US companies will depend on sustainable growth in the US economy, but more importantly because the US economy is now dependent on the rest of the world, and sustainable growth outside the USA. The latter is now very ...

Stocks surge on earnings and economic data; Dow climbs 500

No discussion about China Japan relations can leave out the intensity of the Chinese feeling about Japanese atrocities in 1937 to 1940 period during Japanese occupation. Asia did not isolate Japan but it isolated itself through its inhumane military ...

Japan’s strategic choices set to influence global policy outcomes

And here is Saudi Arabia's full statement:" "

Why international pressure against Saudi Arabia could 'escalate very quickly' and bring pain...

Logical consequences of his own policies. Its difficult to just sit back and enjoy the predictable wreckage here. Just sit back and try and make some easy money to spend in happier times.

Trump doubles down on Fed attacks, saying it's 'going loco'

Pathetic comment.

IMF's Lagarde warns trade, currency wars could be detrimental for growth

USA is a much larger currency manipulator than any other country. QE means the FED sells US Treasuries to the public and pushes USD cash into the financial system. A huge injection of currency just as if you were manipulating your own currency which ...

Mnuchin warns China against devaluing currency, says renminbi agreement must be part of trade...