“Washington does have to deliver at some point and I think that is a concern going forward, whether the honeymoon period would end at some point and maybe the reality of American politics would settle in.”
“Stuck between a rock and a hard place, China is likely to strengthen the yuan in order to lure foreign capital as the liquidity lifeline.”
Well, it’s Sunday which means normally, you’d be thinking about Monday, but this weekend you don’t have to because SundayContinue Reading
“At such times, FX intervention will become necessary to close the gap between the market price and the fixing.”
Well, things have been “choppy” overnight and especially around the flood of OPEC headlines that started coming in around 4:30Continue Reading
Well, this market’s mettle is being tested. Again. On Monday evening we got what might fairly be described as theContinue Reading
The President appeals to Supreme Court to suspend investigation on him. No, that’s not breaking news on the Trump administration’s tiesContinue Reading
Yea, though we walk through the valley of the shadow of death, we will fear no geopolitical tail risk: for Donald Trump art with us; thy orb and thy staff they comfort me…
We start Tuesday on a treasonous note… So because he’s President, Donald Trump gets some intel. And, at least accordingContinue Reading
“China’s Belt and Road Forum was a sort of EM-palooza, with an upbeat message of growth and investment. The G-7 finance minsters’ meeting, on the other hand, was more of a Fyre Festival of global economic hegemons, whose flaccid message was “we favor free trade, except when we don’t.”
It’s Monday. Hell yeah! Let’s start in China, because… well… because where else, right? We got some data overnight, andContinue Reading
The latest CFTC data is out and this week’s release is notable for a number of reasons. It’s current throughContinue Reading