Global Economic Outlook: 2015 Year-End Market Positioning
Gold, the US dollar and euro all printed significant price extremes during this week as investors and speculators position in anticipation of the Fed rates announcement on December 16. We take a look some of the most interesting price charts. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Monday November 30. Japan BOJ Gov Kuroda Speaks. Japan Housing Starts y/y (actual: -2.5% expected: 2.5% previous: 2.6%). Europe German Retail Sales m/m (actual: -0.4%....
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A widely anticipated US dollar rally is caught between the proverbial Horns of the Bull, leaving the dollar in grid-lock. Meanwhile, the mainstream media turns up the volume of their cries of market woes – just as the decline pauses for a breather. The CBoE and CFTC release weekly summations of the speculative positioning of various classes of market participants. This week we consider the currency commitment of traders with an eye to understanding the pushes and pulls on the US dollar.
Market turmoil has intensified in February, and many analysts are predicting that the Fed may make a U-turn on their rates hike decision. In the flight to safety, Gold has extended its rally while Bitcoin looks to be going to ground. This week’s edition of Global Economic Outlook looks at the gold, bitcoin and US dollar charts. Gold has been in a long-term bear market since 2011 when it struck a top just below $2,000/oz. An advance from its December 2015 low, was cynically regarded as just another upward correction prior to additional decline, but surprisingly gold just kept going. Bitcoin....
The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economic outlook “has darkened significantly,” emphasizing that, regarding a global recession, “we cannot rule it out.”
IMF Says Global Economic Outlook ‘Has Darkened Significantly’
Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), discussed the global economic outlook and the prospect of a global recession in an interview with Reuters Wednesday.
Commenting on the global economy, the IMF....
Global markets are cautious going into today (Wednesday’s) Federal Open Market Committee rates announcement. While many believe that the Fed may now back out of rates increases, US employment gains and calmer markets suggest the FOMC may be preparing to crank rates again. Widespread criticism and market turmoil, at the start of 2016, accused the Fed of getting the timing of their rates tightening completely wrong. While the criticism is fair – that the Fed has, historically, managed to mangle policy with uncanny accuracy – there are some indications that the Fed may continue tightening,....
At last year's World Economic Forum in Davos, Bitcoin was only mentioned in scorn by the attending central banking elite. Major establishment players such as JP Morgan Chairman Jamie Dimon, and Treasury Secretary Jack Lew managed to say the word Bitcoin, only to speak of it through clenched teeth. In 2015, Bitcoin is getting the respect it deserves, at least from the event's organizers themselves. (I'm sure the acquisitions of Microsoft, PayPal and Dell since last year's event had something to do with it.) World Economic Forum Promotes Bitcoin This Year. The Swiss resort in Davos receives....