FX Daily, January 16: Dollar Given a Reprieve
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Author: Marc Chandler Categories: FX Trends
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After extending its recent slide yesterday, which the US markets were on holiday, the dollar is firmer against all the major currencies and most of the emerging market currencies. There does not seem to be macroeconomic developments behind the dollar's stabilization, and the gains are quite minor, suggesting a pause in the downtrend rather than a reversal at this juncture.
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Weekly Technical Analysis: 15/01/2018 - USDJPY, EURUSD, GBPUSD, WTI Oil Futures
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Author: Raffi Boyadjian Categories: FX Trends
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The USDCHF pair succeeded to break 0.9656 level and hold with a daily close below it, which confirms opening the way to extend the bearish wave towards our yesterday's mentioned next target at 0.9566, noticing that the price approaches retesting the broken level now.
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Silver Prices To Surge – JP Morgan Has Acquired A “Massive Quantity of Physical Silver”
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Author: Jan Skoyles Categories: GoldCore
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JP Morgan continues to accumulate the biggest stockpile of physical silver in history. “JPM now holds more than 133m oz -more than was held by the Hunt Bros” – Butler. Silver hoard owned by JPM has increased from Zero ozs in 2011 to 120m ozs today. Money managers showing more optimism towards silver through record buying. “Near impossible to rule out an upside price surprise at any moment”
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Jobless in Switzerland need more education, say social groups
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Author: Swissinfo Categories: Swiss Markets and News
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Two leading Swiss organisations for social action and further education have called for big investment in training opportunities for the unemployed. At a press conference on Monday in Bern, the Swiss Conference of Social Institutions and the Swiss Federation for Further Education called on the state to invest in a schemeexternal link that they say could send 75,000 unemployed back into the job market.
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Swiss fact: nearly 50 percent of Swiss GDP comes from 4 cantons
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Author: Investec Categories: Swiss Markets and News
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Switzerland is made up of 26 cantons – technically six are half cantons1 – each with its own distinct taxes, education system, hospitals and government. Land area varies significantly, from 37 sq/km Basel-Stadt to 7,105 sq/km Graubünden.
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Bi-Weekly Economic Review: A Weak Dollar Stirs A Toxic Stew
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Author: Joseph Y. Calhoun Categories: The United States
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We received several employment related reports in the first two weeks of the year. The rate of growth in employment has been slowing for some time – slowly – and these reports continue that trend. The JOLTS report showed a drop in job openings, hires and quits.
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