Donald Trump is winning the currency cold war: Pimco

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Posted by Robert Zurrer

on Wednesday, 26 July 2017 12:06

MW-FR065 trump  20170726132759 ZH‘Trade bullying has killed the dollar bull’: Joachim Fels

Donald Trump can’t point to much in the way of legislative victories over his first six months in office, but he might have something to crow about when it comes to a weaker U.S. dollar.

“Much of the world has been waging a cold currency war since the autumn of 2016, and so far the winner is Donald Trump,” wrote Joachim Fels, global economic adviser for asset manager Pimco, in a Wednesday blog post

Trump regularly charged during the presidential campaign that other countries were taking advantage of the U.S. by manipulating their currencies, leaving U.S. exporters to suffer from an overvalued dollar. The Trump administration hasn’t followed through on a campaign pledge to declare China a currency manipulator, but has continued to at least talk tough on trade-related issues.

...continue reading HERE




Is there a sentiment extreme in the euro as the Fed looms?

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Posted by Jack Crooks - Currency Currents

on Wednesday, 26 July 2017 00:00


“Why, sometimes I’ve believed as many as six impossible things before breakfast” - Lewis Carroll, Through the Looking Glass

Commentary & Analysis

Is there a sentiment extreme in the euro as the Fed looms? 

Screen Shot 2017-07-25 at 8.39.48 PM

Tomorrow we hear from Janet & Company, aka the US Federal Open Market Committee. It seems most analysts are expecting a more dovish tone given inflation hasn’t materialized. In case you haven’t noticed, economists far and wide are now attacking the Fed of its use of the Phillips Curve as a model for inflation. Economists as far back as Milton Friedman and Paul Volker believed the Phillips Curve was flawed. 




Daily Trading Volume In Bitcoin Surpasses GLD

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Posted by ZeroHedge

on Tuesday, 25 July 2017 07:42

bitcoin liquidity 1 0Several weeks after Goldman's chief technician started covering bitcoin, overnight Bank of America has released what some may call an "initiating coverage" report on bitcoin which notes that while the cryptocurrency remains very volatile and risky, bitcoin has experienced a spectacular surge in liquidity in the last six months. However, BofA remains stumped when it comes to making any official forecasts BofA's commodity strategist Francisco Blanch writes that bitcoin is uncorrelated to any financial asset, "so there is no way to explain let alone predict returns."

While we will present some of the more notable findings from the report shortly, one observation caught our attention, namely that in at least one regard, bitcoin has already surpassed gold: the total daily trading bolume for bitcoin has now surpassed that of the biggest gold ETF, the GLD.

...continue to view more charts & analysis HERE



Janet Yellen and the Coming US Dollar Collapse

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Posted by Graham Summers - Phoenix Capital Research

on Tuesday, 25 July 2017 06:12

Janet Yellen has confirmed that the US Dollar is going to collapse.

I don’t mean a systemic, going to zero, collapse (though one day the $USD, like all fiat currencies will fail). I mean that the $USD is going to drop hard in the coming 18+ months.

How hard?

I believe we’ll see the $USD in the 80s sometime in 2018. That’s a full 11% lower from where the $USD is today. Put simply, the entire move in the greenback that was driven by the Fed ending QE will be unwound.


How do we know this?




Loonie Soars towards $0.80

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Posted by Financial Post

on Tuesday, 18 July 2017 12:01


The Canadian dollar strengthened on Tuesday against its U.S. counterpart to a fresh 14-month high, boosted by higher oil prices, while the greenback lost ground against a basket of major currencies.

The U.S. dollar sank to a 10-month low as the latest collapse of President Donald Trump’s efforts to deliver a new healthcare bill added to worries about the pace of U.S. growth... CLICK HERE for the complete article.



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