19 January, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Bernie Sanders compares Hillary Clinton to Dick Cheney
The Wall Street Journal: Bernie Sanders compares Hillary Clinton to Dick Cheney
Sen.
19 January, 2016 by The TZ Newswire Staff Comments Off on How Long Is a Series 6 License Good For?
How Long Is a Series 6 License Good For?
If you play your cards right, it’ll last your entire career.
19 January, 2016 by The TZ Newswire Staff Comments Off on When Correlation Is Causation – The Most Important Chart In The World If You’re A Realtor In London Or NYC
When Correlation Is Causation – The Most Important Chart In The World If You’re A Realtor In London Or NYC
If ever there was any doubts about the narrative of freedom-seeking China capital outflows driving the irrationally exuberant prices of homes in some of the world’s largest cities to record highs, the following two charts will extinguish them entirely.
19 January, 2016 by The TZ Newswire Staff Comments Off on Its ‘Pass the Imodium’ Day … Nikkei down more than 2%, USD/JPY getting slashed
Its ‘Pass the Imodium’ Day … Nikkei down more than 2%, USD/JPY getting slashed
Welcome to Wednesday
The Nikkei 225 is down more than 2%
USD/JPY has eaten a few too many sliders, on session lows
Shanghai Composite down 0.6%
more to come
19 January, 2016 by The TZ Newswire Staff Comments Off on Dollar’s advance stalls on crude, sterling under pressure
Dollar’s advance stalls on crude, sterling under pressure
The dollar was subdued on Wednesday as traders took stock of nervous markets after the U.S. currency’s advance against its major rivals stalled.
19 January, 2016 by The TZ Newswire Staff Comments Off on China stockmarket opening indications – Shanghai Comp to open down 0.5%
China stockmarket opening indications – Shanghai Comp to open down 0.5%
Pre-market indications show the Shanghai Comp to open -0.5%
– CSI300 index to open -0.6%
More:
– Overnight repo rate has risen to a nine-month high
There are extra liquidity demands ahead of and into the lunar new year holiday. I’m assuming that’s whats behind this jump in rates (I could be wrong) and I expect more liquidity will be provided (inlikelt to be wrong on this bit though)
19 January, 2016 by The TZ Newswire Staff Comments Off on PBOC sets USD/CNY mid-point today at 6.5578
PBOC sets USD/CNY mid-point today at 6.5578
The People’s Bank of China sets the reference rate for the CNY each day
– Then allows to fluctuate only +/- 2% for the day
– The ‘offshore’ yuan, CNH, can fluctuate to its heart content. Though the PBOC has at time exerted strong influence on its value (for example, through acting to limit CNH liquidity and thus squeezing out short sellers)