It will help for a week or two. By then all the other CBs around the world will have done the same and we're back in the same (relative) positions. It's a race to the bottom and everyone will lose over the medium to long term. The problem is the ...

Powell: Cut Rates To Keep Economy Strong, Provide Insurance Against Risk

Sadly, I am that old. The morning before GW Bush pulled the trigger, Saddam told them they could come and check anything they wanted to - just don't attack. His demeanour was visibly truthful (and frightened). That was the moment I realised the war ...

U.S. Official: Were 19 Points Of Impact, Showing Unlikely Attacks Came From 10 Drones

What a pile of wishy-washy drivel with a "don't blame me if you get wrong" disclaimer at the end. No article at all would have been better than that. It's not surprising that newbies frequently lose their first account before they get what's going ...

What Are the Best Forex Indicators for Trend Trading?

I'd suggest that the only thing worrying the EU is the Northern Ireland border. If they don't get what's in the backstop (or something better) then "no-deal" is fine with them. They've already made it clear that they don't want to "reward" ...

UK's HOL approves law which would force Johnson to seek a delay to Brexit

It's not a negotiating tool because the EU know that Britain will want some sort of a deal at some point. That means that no-deal is BS and only shoots Britain in the economic foot. RossEdwards has got it right. The situation is slanted heavily in ...

UK's HOL approves law which would force Johnson to seek a delay to Brexit

Actually, he's correct (because he said it's about the EU, not Germany). The EU shouldn't reward bs pressure tactics from Boris. * Britain chose to leave the EU, the EU did not ask Britain to leave - quite the opposite. * It's Britain needs a deal ...

EU should not let itself be scared into Brexit renegotiation: Merkel ally

Truth and reason have relocated to a planet just two galaxies away from here. We gave them up in favour of BS and "fake news". Keeps us guessing and makes the market volatility more exciting to trade.

The past 3 wild days in Trump’s trade war with China, explained

There's no way that China will let that last move slide. The payback will be subtle and very painful for everyone, not just the US. I wonder if Larry is in the market for a bridge?

Kudlow does not expect China to retaliate against Trump’s latest tariffs despite Beijing’s...

Yes, it does look at lot like the run up to the '29 crash. Funny how once the living memory is gone, we start to repeat the same mistakes. Maybe that's why the long term credit cycle is 75 - 100yrs. All good. I much prefer to go short. The profits ...

Trump Slams Fed's Powell Saying ‘I Disagree With Him Entirely’

Something in the water he's drinking??

Fed Interest rate way too high, added to ridiculous quantitative tightening!

So, now that everyone has stated their political positions, what do we think the ramifications are for FX? (This is an FX forum, isn't it?) Can we infer that Trump wants to raise tariffs on Chinese goods anyway? If so, will China persist with ...

US Pres Trump: China Going To Make A Deal Because They Have To Make A Deal

USD/JPY has been a great short for the last 12hrs... Thanks Trumpty!

The United States will impose a 5% Tariff on all goods coming into our Country from Mexico

Quite so. Maybe I should go back to uni and do law. Could be a very nice earner over the next few years...

UK PM candidate Johnson to face court over Brexit claims

Quite right, but I usually only trade the USD/JPY and the NQ or ES, so my comments were more on the bigger picture. I find the AUD/USD and XJO futures frustrating.

Federal Election 2019: Scott Morrison says he always believed in miracles as he claims...

Yep, the more you do of what you’re doing, the more you’ll get of what you’ve got. Looking the numbers by state, the libs got elected by QLD and WA. In all the other states, the ALP had half or more of the seats. When the Adani coal deal fails to ...

Federal Election 2019: Scott Morrison says he always believed in miracles as he claims...

Agreed. I'm concerned that he may take half the developed world into recession along with the US. I see all the other comments about the US finding other ways to deliver what's being taxed (tariffed), but there really isn't time to get repositioned ...

We are right where we want to be with China. Remember, they broke the deal with us & tried to...

No surprise there...

The People's Bank of China set the Yuan reference rate at 6.7954 vs Friday's fix of 6.7912

It suggests that the Chinese economy is not as strong as the Chinese government would like us all to believe. It will slightly reduce the impact of the tariffs on Chinese goods going into the US - especially if the US raises tariffs again on Friday. ...

China PBoC sets Yuan reference rate: 6.7344 v 6.7286 prior (weakest setting since Feb 20,...

Suggest you go back about 50yrs. Argentina was very prosperous, so was Venezuela. Politics had a lot to do with the downturn. Once corruption of the political class got a hold, the people eventually gave up. Germany did well because it ensured that ...

How Argentina crept to the threshold of crisis, again

Core inflation is already between 2% and 3% - the RBA's target range. If folks can't borrow to buy real estate at 2.5% why will they be better placed at 2.25%. Aussie banks are paying way more for money than the RBA rate. Why would they cut?

Waiting on the RBA