FX Daily, January 12: Euro Jumps Higher
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Author: Marc Chandler
Categories: FX Trends
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There is one main story today and it is the euro's surge. The euro began the week consolidating it recent gains a heavier bias, but the record of last month's ECB meeting surprised the market with its seeming willingness to change the forward guidance early this year in a more hawkish direction. This spurred a 0.7% gain in the euro back above $1.20. The euro stayed bid in Asia, but took another leg up (~0.75%) in response to reports that a preliminary deal was struck between the CDU/CSU and the SPD in Germany to begin negotiations on another grand coalition.
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Is the BOJ Tapering?
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Author: Marc Chandler
Categories: FX Trends
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The G3 central banks are in flux. The Federal Reserve is gradually raising rates and allowing the balance sheet to shrink by not fully reinvesting the maturing proceeds. The ECB will purchase half as many bonds in the first nine months of 2018 as it did in the last nine months of 2017.
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Trump to attend WEF gathering in Davos
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Author: Swissinfo
Categories: Swiss Markets and News
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United States President Donald Trump plans to attend the World Economic Forum (WEF) in Davos, Switzerland later this month, his spokeswoman said on Tuesday. In a statement, Sarah Huckabee Sanders, the White House press secretary, said Trump was looking forward to attending the annual gatheringexternal link of world leaders and business executives in the mountain resort in southeast Switzerland.
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Switzerland has more job vacancies than jobseekers
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Author: Investec
Categories: Swiss Markets and News
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Speaking to Tages-Anzeiger, Cornel Müller, director of marketing at x28, Switzerland’s largest job search aggregator, said there was a large jump in the number of jobs available in Switzerland compared to one year ago.
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World is $233 Trillion In Debt: UK Personal Debt At New Record
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Author: Jan Skoyles
Categories: GoldCore
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The World is $233 Trillion In Debt: It’s Time to Rebalance To Gold. Record level global debt level hit $233 trillion in Q3 2017. World’s per capita debt now more than $30,000. UK personal debts climbed to the highest level since credit crunch, reaching more than £200bn. US consumer credit highest jump in 2 years by 8.8% in November to $3.83 trillion. BofE warn UK banks could incur £30bn of losses if interest rates and unemployment rise sharply.
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The Conspicuous Rush To Import
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Author: Jeffrey P. Snider
Categories: The United States
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According to the Census Bureau, US companies have been importing foreign goods at a relentless pace. In estimates released last week, seasonally-adjusted US imports jumped to $204 billion in November 2017. That’s a record high finally surpassing the $200 billion mark for the first time, as well as the peaks for both 2014 and 2007.
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