Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Chinese central bank fleeing into Japanese yen for reserves
A number of sources are reporting that the Chinese have been loading up on JGBs despite their relatively low yields. Is this a flight to quality by the Chinese central bank?
Andy Lees of UBS shows that the magnitude of the purchases…
Dollar Soft, but Downside Limited
Highlights The US dollar appears weaker across the board as New York traders return from the holiday weekend, but this is mostly a function of its modest bounce yesterday. The greenback is near levels seen just before the…
Rogoff Sees No Double-Dip But Beginning of China Property `Collapse’
Kenneth Rogoff, a professor at Harvard University and former chief economist at the International Monetary Fund, talks with Bloomberg's Susan Li i Hong Kong about the global economy and China's real estate market and economy. Rogoff also…
Dollar, Yen, and Swiss Franc Firmer In Thin Holiday Trading
Highlights US dollar was mostly firmer vs. the majors as the risk off trading environment carried over from last week, albeit in thin holiday trading. Yen and Swiss franc were largely firmer, while EM FX was mixed. Biggest…
On Why Stock Market Technicians are Eyeing the Charts and Other Links
Must-reads Technicians Eye Market Signals - Barrons.com Economics: Why are firms saving so much? | The Economist World Cup Frank Lampard's 'goal' against Germany should have stood – linesman | Football | guardian.co.uk…
Chart of the Day: S&P 500 stocks above 50-Day moving average – is this bullish?
Here's a chart that Bespoke Investment has drawn up. Bespoke says: The percentage of stocks in the S&P 500 now trading above their 50-day moving averages is down to 4%. At the March 2009 lows, the reading only got down to…
ECB credit easing by buying debt from Greece and Spain analogous to Fed buying California and…
The first real warning that growth in the global economy was set to decline came in April. And since then, the signs of distress have only increased. In the US, the distress is everywhere – in the housing data, the employment figures, and…
Dollar Remains Vulnerable After Weak US Jobs Data
Highlights US dollar was mostly firmer vs. the majors in the aftermath of weak US jobs data, but lost ground to EUR and GBP. While we still think the US outshines the euro zone from a fundamental standpoint, the break of 1.25 last…
Cecchini: U.S. Consumers in `Dire’ Credit Situation
Peter Cecchini, chief strategist at BGC Financial, talks to Pimm Fox about the U.S. economy and consumer credit on Bloomberg Television's "Taking Stock." He says that the 122% percent household debt to GDP ratio is well above the…
Thinking about American Jobs on the Fourth of July and Other Links
Topic of the Day: Jobs Does Anyone Care About Unemployment Anymore? – Newsweek Insufficient Jobs Set the Stage for Slowdown in U.S. Recovery - BusinessWeek FiveThirtyEight: Why Aren't Businesses Hiring? Distraction of the Day:…