Tag Archives: newslettersent

Summary Pakistani Prime Minister Nawaz Sharif may face trial on corruption charges. Turkey will reportedly pay $2.5 bln for a Russian missile defense system. Nigeria said it was willing to cap its oil production to support OPEC efforts to cut global supply. Former Brazilian President Lula was sentenced to nine and half years in prison on corruption charges. S&P downgraded Chile one notch to A+ with a stable...

Summary Downside momentum is fading and technicals are showing a bullish divergence. The Dollar Index has not met the minimum corrective retracement target, meaning that it is premature to talk about bear market. We identify two pre-conditions to enter trade. The Dollar Index set the year’s high on January 3 a little above 103.20.  Today it made a marginal new lows for the year at 95.464.  The previous low, set at...

Scientists feared the H5N1 virus could jump from birds to humans and trigger a pandemic - Click to enlarge Ten years ago Swiss pharmaceutical giant Novartis carried out clinical trials for a bird flu vaccine on homeless people in Poland. One man, who says they were told they were being tested for a conventional flu vaccine, is now suing the Basel-based company. When the H5N1 virus broke outexternal link among birds in...

“Financial Crisis Of Historic Proportions” Is “Bearing Down On Us” John Mauldin of Mauldin Economics latest research note, Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis. Mind refreshed from what sounds like a wonderful honeymoon and having had the time to read some books outside his “comfort zone” he has come to the conclusion that we are on the verge of  a “major...

Bent and Distorted POITOU, FRANCE – This morning, we are wondering: How dumb is the Fed? The question was prompted by this comment by former Fed insider Chris Whalen at The Institutional Risk Analyst blog. [O]ur message to the folks in Jackson Hole this week [at the annual central banker meeting there] is that the end of the Fed’s reckless experiment in social engineering via QE and near-zero interest rates will end...

Former IMF chief economist Ken Rogoff warned today on CNBC that he was concerned about China. Specifically, he worried that country might “export a recession” to the rest of Asia if not the rest of the world. I’m not sure if he has been paying attention or not, but the Chinese economy since 2012 has been doing just that to varying degrees often just shy of that level. If there’s a country in the world which is really...

Swiss Franc The Euro has fallen by 0.02% to 1.1031 CHF. EUR/CHF - Euro Swiss Franc , July 14(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The Australian dollar has taken over leadership in the dollar bloc from the Canadian dollar.  The Aussies are up about 0.35% today to extend this week’s gains to more than 2% and reach a new high for the year a little more than $0.7760.   The Canadian dollar is...

Authored by Kevin Muir via The Macro Tourist blog, After many months of fighting all the naysayers predicting the next big stock market crash, I am finally succumbing to the seductive story of the dark side, and getting negative on equities. I am often early, so maybe this means the rally is about to accelerate to the upside. I am willing to take that chance. It would be just like me to pound the table on the long side,...

Swiss Franc The euro has appreciated by 0.23% to 1.0896 CHF. EUR/CHF - Euro Swiss Franc(see more posts on EUR/CHF, ) - Click to enlarge FX Rates As the market heads into the weekend, the US dollar is trading softer as it consolidates. It is within yesterday’s ranges against the major currencies but the Japanese yen. The dollar has made a dramatic recovery against the yen. It traded near JPY108.80 in the middle of...

Cluster bombs are reviled for their indiscriminate effect and potential to kill and maim people if unexploded - Click to enlarge The leading Swiss state pension fund, Publica, has announced that it plans to disinvest from five weapons companies. This follows a national campaign by a responsible investment pension group to blacklist 15 international arms firms. According to a report by Swiss public radio, SRF, Publica,...