Markets

The News Out Of China Isn’t As Spooky As The Markets Think

Overnight, we got two key reports from China that are believed to have roiledmarkets. The Shanghai Composite fell 1.25%, the Nikkei was down 2%, and US markets opened lower. First was news that China’s biggest banks wrote off bad loans in the amount of 22.1 billion yuan in the first […]
The News Out Of China Isn’t As Spooky As The Markets Think
Markets

The Bank Of England Could Make A Dovish Move Today

Of the major central banks meeting this week, the Bank of England seems the most likely to alter policy.  It would not be exactly surprising as three members of the MPC including the governor voted to resume gilt purchases last month.  
The Bank Of England Could Make A Dovish Move Today
Markets

The Global Rise Of The Renminbi [Timeline]

This Great Graphic comes from the CME.  We tend not to see the increase in the yuan’s deposits in Hong Kong as the same as its internationalization.  After all, Hong Kong is part of China and is just as much, we have argued of the Sino-ification of Hong Kong.  
The Global Rise Of The Renminbi [Timeline]
Markets

Foreign Goods Are Really Expensive In China [Infographic]

The lower cost of living in China is often confused with a lower price of consumer goods. This Great Graphic from Economy Watch, shows that many consumer goods, particularly international brands, are more expensive in China.   Economy Watch drew from data on three different web sites:  e.weibo.com, East-West-Connect.com and […]
Foreign Goods Are Really Expensive In China [Infographic]
Markets

The Hottest And Coldest Economies Of 2013

[credit provider=”The Economist” url=”http://www.economist.com/blogs/graphicdetail/2013/01/daily-chart-1?fsrc=scn/tw/te/growersandshrinkers”] This Great Graphic comes from The Economist. The graph to the  far left is who the Economist Intelligence Unit anticipates to be the fastest growing economies this year.  Three countries that are included seem surprising, Libya, Iraq and Mozambique.  The chart to near left shows the […]
The Hottest And Coldest Economies Of 2013
Markets

Everyone’s Focusing On The Wrong Part Of The FOMC Minutes

US dollar gains have been extended for the third session.  The euro has been sold down to almost $.1.30 after testing $1.33 on Wed.  More stale longs may be forced out on a break of $1.2985, which corresponds to a 50% retracement of the advance from the mid-Nov low near […]
Everyone’s Focusing On The Wrong Part Of The FOMC Minutes
Markets

People Are Getting Older Everywhere [Infographic]

This Great Graphic comes from the World Bank.   While we are all familiar with the demographic shock in the high income countries.  For a few years already, Japan is experiencing a shrinking work force and a shrinking population. Part of Europe, such as Italy, does not seem far behind. […]
People Are Getting Older Everywhere [Infographic]
Markets

Everyone Forgets That China’s Central Bank Balance Sheet Is Bigger Than The Fed’s Or ECB’s

[credit provider=”Business Insider” url=”http://www.businessinsider.com.au/the-most-important-charts-of-2012-2012-12″] Business Insider ran a series recently of charts from a number of different economists and strategists.  These Great Graphics  come from that series and are essentially different renditions of the same data.  We are looking at the balance sheets of a number of central banks.  One of […]
Everyone Forgets That China’s Central Bank Balance Sheet Is Bigger Than The Fed’s Or ECB’s
Markets

A Quick Update On The Global Currency Markets

The US dollar is mixed.  Softer against the European complex, but firmer against the dollar bloc.  It is essentially flat against the yen.  Equity markets are advancing and the Nikkei, which gapped above the 3-year downtrend line yesterday, extended its gains by another 1%.   Spanish and Italian bond yields […]
A Quick Update On The Global Currency Markets
Markets

Initial Thoughts on Japan’s Elections

The outcome of Japan’s elections seems to be largely in line with market expectations.  The Liberal Democrat Party won handily.  It appears to have secured a majority of lower chamber of the Diet.   There had been some reports suggesting that it might be able to achieve a super-majority of […]
Markets

Some Frustrating Moves In The Foreign Exchange Markets

[credit provider=”en.wikipedia.org” url=”http://en.wikipedia.org/wiki/File:CHF20-Honegger-security-1.jpg”] The US dollar saw its post-FOMC losses extended only against the euro as the perhaps the passable success of the Greek bond buy-back and bank supervision deal lent support to the single currency.  Yet, even it succumbed to selling pressure in the European morning and returned to pre-FOMC […]
Some Frustrating Moves In The Foreign Exchange Markets
Markets

The Japanese Yen Was The Big Currency Story Of The Week

The euro has spent this week inside last week’s trading ranges.  It is consolidating the break of the $1.28 support, the lower end of the trading range from mid-September through last week.  This former support is now resistance as seen in Thursday’s price action.  That area now also corresponds with […]
The Japanese Yen Was The Big Currency Story Of The Week