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Weekly Markets Monitor: yen does a 180° at 160
Last week was all about geopolitical tension over Greenland, which eased post Davos negotiations. US economic data signaled a healthy backdrop despite elevated inflation. Europe saw steady activity, Japan held rates but with a tightening bias, China’s recovery remained uneven. Global stock markets closed the week lower, while Treasury yields rose slightly, the US dollar eased, and oil prices gained. Japanese government bond yields continued their unrelenting rise amid fiscal policy concerns. This prompted a rare ‘rate check’ by the Ministry of Finance on Friday and possible intervention, leading to a sharp ... (full story)
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In forex, the aggregate dollar position versus eight IMM futures ended the reporting week essentially flat, after speculators responded to the USD-EU standoff over Greenland by selling 21k euro contracts, equivalent to USD 3.1 billion. Later in the week, Trump’s TACO saw the euro recover strongly, before the attention turned to Friday’s sharp move in the ...
China is successfully and completely taking over the once Great Country of Canada. So sad to see it happen. I only hope they leave Ice Hockey alone! President DJT
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives. Did you know there is a type of technical analysis that shares structural similarities with hurricanes, nautilus shells, sunflowers, music, and human dimensions? These examples — along with countless others — follow ...
