12 November, 2014 by The TZ Newswire Staff Comments Off on Did The BoJ Quietly Peg The Yen To Gold?
Did The BoJ Quietly Peg The Yen To Gold?
For 14 years, as Japan’s economic demise grew more and more evident, its currency devalued relative to gold (the only non-fiat numeraire). When Abenomics began, the trend began to stabilize… but for the last year or so – as The Fed tapered – JPY and Gold have practically flatlined around 132,000 JPY per ounce. This ‘odd’ stability stands in strangely stark contrast to the volatility and trends in the USD, JPY, and Gold over this period. Even amid the collapse in JPY in recent weeks, it has remained firmly inside a 3% envelope of the ‘peg’.
12 November, 2014 by The TZ Newswire Staff Comments Off on A Classic Watch If You Are a Trader
A Classic Watch If You Are a Trader
Grab a beer or an adult beverage of your choice and watch a great clip of the greatest trader that ever lived. He’s my personal idol. Paul Tudor Jones is about 60 years old today and this was filmed maybe 25 years ago when you actually fought with the floor broker (if you were big enough) for an execution.
Enjoy.
12 November, 2014 by The TZ Newswire Staff Comments Off on Dollar cools rally, pound stuck at 14-month lows
Dollar cools rally, pound stuck at 14-month lows
The dollar took time out from its rally against the yen and euro early, while the British pound languished at 14-month lows versus its U.S. peer.
12 November, 2014 by The TZ Newswire Staff Comments Off on Thursday Market Wrap-Roll Them Bones
Thursday Market Wrap-Roll Them Bones
I show this chart a lot because its fascinating to me. We are stretched and overbought but individual stocks are popping all over the place. That is the sign of a very healthy market.
We had good moves today in some of our stocks. UA, ACHN, BTU, and TGTX all outperformed.
I have a very nice setup to watch tonight.
12 November, 2014 by The TZ Newswire Staff Comments Off on 24 Reasons Why Millennials Are Screaming Mad About America’s "Unfair" Economy
24 Reasons Why Millennials Are Screaming Mad About America’s "Unfair" Economy
Submitted by Michael Snyder via The Economic Collapse blog,
12 November, 2014 by The TZ Newswire Staff Comments Off on DJI’s new drone not just for hobbyists
DJI’s new drone not just for hobbyists
China’s DJI introduces its newest drone, the Inspire 1.
read more
12 November, 2014 by The TZ Newswire Staff Comments Off on An FX Trader’s Guide To Japanese Policy Makers’ Language
An FX Trader’s Guide To Japanese Policy Makers’ Language
With the yen reaching a seven-year low last week, Japanese officials are being pressed by exchange-rate questions from reporters and lawmakers.
As policy-makers weigh the costs of the weaker currency along with its benefits, here is a guide to gradations of concern at exchange-rate movements based on remarks in the past.