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Germany’s SPD Agrees to Coalition Talks

Germany’s Social Democrats have agreed to open exploratory talks on forming a government with Chancellor Angela Merkel, a party source said, raising hopes for an end to a rare period of political deadlock in Europe’s largest economy. Leader Martin Schulz met party bosses and recommended that they should go back on a pledge to go […]

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Dollar’s Capitulation Trade

The ‘mighty’ dollar has deepened its dive against the majors as investor caution on the currency grows. Currently, there is no get out of ‘jail free card’ for long dollar investors who weathered another night of fresh selling, a day after the dollar index notched a 2½-year low – year-to-date, the index is down -9.2%. […]

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JOLTS jolted the dollar

JOLTS  jolted the dollar The market bounced back to life Tuesday as the Greenback was jolted by the JOLTS data The JOLTS  jobs data was through the roof printing an all time record high and ignited a USD rally. But that was only half the positive storyline as a boisterous NFIB small business survey painted […]

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PBoC policy shift ?

Stocks in Asia were mixed on Thursday following the release of Caixin PMI data from China, which was at an 11-month low and as the yuan hit a seven-month high. The on-shore yuan traded at 6.7894 to the dollar at 12:29 p.m. HK/SIN, at levels not seen since last November. Before markets opened in China, […]

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PBoC policy shift ?

Stocks in Asia were mixed on Thursday following the release of Caixin PMI data from China, which was at an 11-month low and as the yuan hit a seven-month high. The on-shore yuan traded at 6.7894 to the dollar at 12:29 p.m. HK/SIN, at levels not seen since last November. Before markets opened in China, […]

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No Image

PBoC policy shift ?

Stocks in Asia were mixed on Thursday following the release of Caixin PMI data from China, which was at an 11-month low and as the yuan hit a seven-month high. The on-shore yuan traded at 6.7894 to the dollar at 12:29 p.m. HK/SIN, at levels not seen since last November. Before markets opened in China, […]

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