Market News

What’s the Dilly on the Kiwi?

Based on recent data, it looks like the RBNZ could gear up for another interest rate hike, which may just give the Kiwi a boost. Looking at the charts though, I’m not quite sure about that. Is there divergence brewing between fundamental and technical analysis?

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Not Another Hung Parliament?!

Whew, Australian elections are finally over! However, current Prime Minister Julia Gillard and opposition leader Tony Abbott have at least a week of nail-biting to do as they await the election results.

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Does any of this sound familiar?

I read with interest the decision by Stanley Druckenmiller to close his global macro hedge fund. The guy was good–very good. He quietly went about his business of thinking about how the world works and positioning in front of capital flows–in or out–and got it right most of the time.

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Who’s in for a Double-Dip?

Thanks to that triple-whammy of weak economic figures from the US yesterday, double-dip recession became a trending topic in the Forex world once again. And it looks like Uncle Sam ain’t the only one in danger!

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UK: Hungry for More Easing?

High inflation, strong GDP growth… What else could the BOE be waiting for before it finally decides to hike rates and end its bond-purchase program? Or is it still seeing signs pointing to more QE? Lone dissenter Andrew Sentance’s getting pretty antsy here!

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US Retail Sales Fail

Nominal retail sales grew for the first time in three months, climbing 0.4% in July. Likewise, core retail sales surged another 0.2%, to record a rise in seven out of the past eight months. But don’t let these upticks fool you, the bigger picture paints a less optimistic retail trade scene.

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Another Look at China

In my blog yesterday, I mentioned in passing how disappointing Chinese data helped trigger a wide-reaching case of risk aversion in the markets to the benefit of the yen. Today, we will dig a little deeper into the issue and …

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To be successful, you must decide exactly what you want to accomplish; then resolve to pay the price to get it.Bunker Hunt