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Browsing Category
Markets
Four Rather Sick Patients
The Absolute Return Letter, November 2010 by Niels Jensen “If I were BoJ, I would set a trap for all the currency speculators in the world. I would intervene in the currency market, appearing unsuccessfully, to lure speculators to…
Hungary Downgrade Risk Remains Alive, Stay Short HUF
by Win Thin S&P affirmed Hungary’s BBB- rating but kept the negative outlook in place, signaling that all is not yet clear for the country. We believe that markets have gotten too bulled up on Hungary lately and are overlooking…
Euro-Dollar Update
We identified and continue to track key forces that offer insight into the euro dollar exchange rate. To monitor the near-term trend, we have used the 5 and 20 day moving averages. They have done a fairly good job of capturing this year's…
Dollar Yawns after Elections Awaiting FOMC
Highlights The dollar was mostly flat in a quiet Asian session with the Tokyo markets closed, even though the dollar experienced sharp losses versus sterling and kiwi. The outcome of the Federal Reserve’s FOMC meeting is also weighing…
China Approves Hong Kong Monetary Authority to Buy Chinese Securities
There are two developments in China to note: The yuan appreciated in the spot market earlier today, after staging a relatively large decline yesterday. At today's best dollar level, the yuan had weakened about 0.85% against the…
As US Gears Up For Midterms, Dollar is Trading Heavy
Highlights The US dollar is trading heavily though within the recent ranges against most of the major currencies ahead of the conclusion of the FOMC meeting which is widely expected to result in a new round of long-term asset…
Reserve Bank of India To Continue Hiking, INR Should Remain Firm
by Win Thin Reserve Bank of India is expected to hiked rates by 25 bp at its regular meeting Tuesday. Reverse repo rate is now 5.0% and the repo rate 6.0%. This comes after RBI hiked rates 25 bp in September under the recent…
Not South Florida but Condo Problems in Raleigh, NC Too
by John Lounsbury It may not be South Florida, but there are condo problems in Raleigh, NC too. Sunday 32 condo units were auctioned off at an average price of $210 per square foot in the West condo unit in a downtown entertainment…
Chart of the Day: Projected 10-year Annualised Return for S&P500
John Hussman says about this chart: Based on our standard methodology (see The Likely Range of Market Returns in the Coming Decade for the basic approach) we estimate that the S&P 500 is priced to achieve a 10-year total return of…
Dollar Begins Busy Week on Backfoot
Highlights The US dollar starts a critical week on the defensive. A new round of long-term asset purchases by the Federal Reserve coupled with a stronger than expected Chinese PMI weighed on the dollar and encouraged purchasing of…