USD Rout Continues
USD Rout Continues
U.S. Dollar Trading (USD) the market was relentless in its punishment of the USD yesterday pushing past 1.4000 and not stopping until resistance at the 1.4425 level. As Selling accelerates many are now calling this reversal a new trend and targeting previous levels of USD weakness. US Current Account deficit fell to 174Bn […]
Decline in Energy Prices Continues to Pull PPI Down in November
Decline in Energy Prices Continues to Pull PPI Down in November
The Producer Price Index (PPI) fell 2.2 percent in November, driven by a sharp drop in energy prices of 11.2 percent. Core PPI, which excludes food and energy prices, rose 0.1 percent showing overall inflation is moderating. The Fed still has the green light to […]
Global Unwind Continues, Paulson Doesn’t Help
Global Unwind Continues, Paulson Doesn’t Help
The global unwind continues this morning with US equities, commodities and currencies taking another beating. The US dollar and Japanese Yen continue to outperform with the British pound hitting a fresh 5 year low.
The story is still the same, which is sell first and ask questions later. It is […]