The Traderszone Network

Submitted by Patrick Barron via Mises Canada,

I have started reading a new book about the collapse of the Zimbabwean dollar–When Money Destroys Nations, by Philip Haslam and Russell Lamberti.

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Japanese stocks bounced strongly on Monday and the U.S. MSCI’s dollar-denominated index of Asia-Pacific shares outside Japan was down 0.1 percent, as the boost from positive U.S.

UDPATE:

• *JMA ISSUES TORNADO WARNINGS IN TOKYO AREA, IZU ISLANDS
• *TYPHOON PHANFONE MAKES LANDFALL AT JAPAN’S SHIZUOKA, JMA SAYS
• *ANA CANCELS 261 DOMESTIC FLIGHTS DUE TO TYPHOON
• *ANA SAYS 36,600 PASSENGERS AFFECTED BY FLIGHT CANCELLATIONS
• *TOYOTA SUSPENDS DAY SHIFT AT 12 PLANTS IN JAPAN ON TYPHOON
• *HONDA DELAYS START OF SUZUKA, HAMAMATSU PLANTS OPS. TODAY

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The post Sunday Video appeared first on UpsideTrader.

Same old, same old. Treasury yields are lower (futures prices higher); USDJPY (and thus S&P futures) are higher (though 110.00 is once again offering notable resistance); and gold is getting ‘handled’ lower. The divergence between stocks and bonds from Friday’s jobs number is holding for now but it is gold that has been smacked to $1183 – near a four-year low: $1180.50 6/28/13, then back to Aug 2010). Silver is down 1% to March 2010 lows. Despite US equity exuberance, Asia-Pac stocks (ex-Japan) are down 0.3%.

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The dollar started the week on a strong note, holding near a more than four-year high touched after an upbeat U.S. non-farm payrolls report.

Dariusz Kowalczyk, Senior Economist & Strategist at Asia ex-Japan, Credit Agricole, explains why the South Korean won and Malaysian ringgit offer buying opportunities.