7 June, 2017 by The TZ Newswire Staff Comments Off on PBOC sets USD/CNY central rate at 6.7930 (vs. yesterday at 6.7858)
PBOC sets USD/CNY central rate at 6.7930 (vs. yesterday at 6.7858)
Yesterday marked the 6th consecutive day of stronger CNY mid points against the USD. The Bank weakening the yuan today though.
more to come
7 June, 2017 by The TZ Newswire Staff Comments Off on RBNZ says would not implement a debt-to-income policy in current mkt conditions
RBNZ says would not implement a debt-to-income policy in current mkt conditions
NZD up a tickle on this … if the RBNZ wants to further slow property price growth then they’d have to do something else
(like a rate hike, yeah? … which seems to be the mkt perception, hence NZD a touch better bid)
7 June, 2017 by The TZ Newswire Staff Comments Off on Elliott Wave Update 7 June 2017
Elliott Wave Update 7 June 2017
There are alt counts that take us down significantly in Minor 4 then up for a few more months in Minor 5 until the ultimate high but I won’t bother projecting them at the moment unless necessary.
7 June, 2017 by The TZ Newswire Staff Comments Off on Legal & General Names Johnson As Head Of Institutional Client Management
Legal & General Names Johnson As Head Of Institutional Client Management
London-based asset manager Legal & General Investment Management has named former BlackRock executive Mark Johnson as head of institutional client management.
7 June, 2017 by The TZ Newswire Staff Comments Off on Ralph Acampora: Dow Theory Divergence Signals Caution
Ralph Acampora: Dow Theory Divergence Signals Caution
By FS Staff – Though it appeared stocks might have been stagnating in recent weeks, we’re now seeing indices hit new highs. This time on Financial Sense, we spoke with Ralph Acampora, head of technical and market analysis at Altaira…
7 June, 2017 by The TZ Newswire Staff Comments Off on Oil Prices Collapse as the EIA Reports Unexpected Inventory Build
Oil Prices Collapse as the EIA Reports Unexpected Inventory Build
By Oil Price – The Energy Information Administration poured ice cold water on the budding hope that inventory levels in the world’s largest oil consumer may be normalizing, by reporting a 3.3-million-barrel build in commercial stockpiles…
7 June, 2017 by The TZ Newswire Staff Comments Off on Traders Lose Faith In Fed – Shift Rate-Hike Bets To December
Traders Lose Faith In Fed – Shift Rate-Hike Bets To December
While a June rate-hike is baked in the cake no matter how badly the economic data that The Fed is “dependent” upon collapses, it appears traders are losing faith in the rest of the year as the odds of a hike occuring in December is now above that of September (as both drop to around 25%).
As economic data has crashed since The Fed hiked rates in March, so the markets expectations has dropped to just 1.44 rate-hikes this year (one in June guaranteed), well below The Fed’s guidance of 2 more rate-hikes minimum…