The Traderszone Network

In Open Market operations,
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Some data already:
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Awaiting a big data dump from China today:

The dollar stepped back from seven-month highs against an index of currencies while the pound made its biggest gain in six weeks.

Intel Corp.

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There is one simple reason why when the Chinese Q3 GDP print is revealed shortly, it will be an utterly meaningless indicator – the number, as not only traders but the general public know, is a goalseeked, arbitrary political construct meant to convey not information about the economy, but – at best – about Beijing’s intentions what it may or may not do in the future regarding future monetary or fiscal (which as we showed just hit an all time high) stimulus.

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EUR, JPY, CHF, GBP, AUD … and especially the NZD are all higher against the USD
NZD/USD up through overnight highs, despite the dairy auction overnight being a bit of a disappointment

Latest research piece from Bank of America / Merrill Lynch on the stock market
– Evidence growing that global inflation is picking up
– Bank of America Merrill Lynch says investors should buy into tangible assets
(Guess he isn’t referring to Sydney houses here?)

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