The Traderszone Network

The down move extends
Let’s mix it up a little, here’s the EUR/GBp chart:

“To discuss economic developments”
via a tweet from the PM
I’m calling him the PM, I don’t know if he is at the moment, but hopefully you know what I mean

With three UK-based property funds, among them Standard Life, Aviva and M&G, all “freezing” assets in the past 2 days and suspending redemptions over fears of a swoon in UK housing prices, spreading panic shockwaves around the globe that the Brexit dominoes have come home to roost (to mix and match metaphors), it may not be a bad time time to jump across the Atlantic and look at US real-estate and in particular, commercial properties.

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PBOC injects 30bn yuan via 7-day reverse repos

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ps. cites Brian Jackson, a senior China economist at the research firm IHS, who says the Brexit vote has  given “”China some cover” to depreciate the yuan faster that it would have done otherwise”

The Fix Crowdfunding Act (HR 4855) easily cruised through the House by a vote of 394 – 4 as it attracted broad bipartisan support.  It was joined by the Supporting America’s Innovators Act (HR 4854) which passed on a vote of 389-9. HR 4854 raised… Read More

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Continuation of some of the strong moves we’ve been seeing
Gold, weekly chart:
Glittering prize indeed:

This is from China’s ‘Financial News’ (via MNI):
– State-owned enterprises can sell some state assets to resolve debt problems
– As part of structural reorganization of some state assets, instead of merging or separating SOEs
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