The Traderszone Network

Todd Elmer, currency strategist at Citi, says the dollar-yen could climb up to 127-128 in the short term as foreign investors move back into shorting the Japanese yen.

A combination of pessimism and quarterly earnings reports will make these three stocks volatile this week.

An index of Asian shares extended losses on Monday after Chinese imports declined more than expected, while the dollar was higher after upbeat U.S. employment data raised bets that the U.S. central bank would raise interest rates as early as September.

Ten days ago, when the FIFA scandal broke out, it took just a few hours to figure out what the US DOJ’s motive was. The answer was simple: stripping the 2018 (and 2022) World Cup hosts, i.e., Russia (and to a lesser extent Qatar), of their respective hosting venues, and long before the Blatter’s resigned we said:

What happens next? Sepp Blatter’s reelection this coming Friday, which until yesterday had been guaranteed, is now virtually assured to fail as Putin’s frontman at FIFA is shown the door.

read more

This Wednesday, a long-awaited decision from MSCI comes down, the result of which could potentially trigger a huge rally for Chinese stocks.
read more

The dollar held firm, trading near 13-year highs against the yen after U.S. employment data bolstered expectations for a September Fed rate hike.

Submitted by Michael Krieger of Liberty Blitzkrieg

A Professor Speaks Out: How Coddled, Hyper Sensitive Undergrads Are Ruining College Learning

read more