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FX Daily, January 16: Dollar Given a Reprieve

FX Daily, January 16: Dollar Given a Reprieve
Author: Marc Chandler
Categories: FX Trends

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.

Weekly Technical Analysis: 15/01/2018 - USDJPY, EURUSD, GBPUSD, WTI Oil Futures

USD/CHF, January 16
Author: Raffi Boyadjian
Categories: FX Trends

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.

Silver Prices To Surge – JP Morgan Has Acquired A “Massive Quantity of Physical Silver”

JP Morgan Silver Stocks, Apr 2011 - Jan 2018
Author: Jan Skoyles
Categories: GoldCore

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”

Jobless in Switzerland need more education, say social groups

Jobless in Switzerland need more education, say social groups
Author: Swissinfo
Categories: Swiss Markets and News

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.

Swiss fact: nearly 50 percent of Swiss GDP comes from 4 cantons

Swiss fact: nearly 50 percent of Swiss GDP comes from 4 cantons
Author: Investec
Categories: Swiss Markets and News

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.

Bi-Weekly Economic Review: A Weak Dollar Stirs A Toxic Stew

Bi-Weekly Economic Review: A Weak Dollar Stirs A Toxic Stew
Author: Joseph Y. Calhoun
Categories: The United States

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.