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FX Daily, December 12: UK Front and Center, but Sterling is Laggard in Today's Move Against the Dollar
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Author: Marc Chandler
Categories: FX Trends
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The US dollar is trading with a lower bias against most of the major and emerging market currencies. The upside surprise in Sweden's inflation is helped the krona recover from its recent slide. It is the strongest of the majors, gaining 1.1% against the dollar and nearly as much against the euro, which is in a third of a cent range below $1.18.
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Weekly Technical Analysis: 11/12/2017 - USD/CHF, USD/JPY, EUR/USD, GBP/USD, Gold
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Author: Raffi Boyadjian
Categories: FX Trends
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USD/CHF, USD/JPY, EUR/USD, GBP/USD, Gold
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49 Countries Have Violated Sanctions On North Korea
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Author: Niall McCarthy
Categories: Global News on Switzerland
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A new report from the Institute for Science and International Security has found that 49 countries violated sanctions on North Korea to varying degrees between March 2014 and September 2017. 13 governments including Cuba, Egypt, Iran and Syria were involved in military violations, which as Statista's Martin Armstrong notes, includes either receiving military training from North Korea or being involved in the import and export of military equipment.
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Russia, China and BRICS: A New Gold Trading Network
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Author: Ronan Manly
Categories: Ronan Manly (Bullionstar)
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One of the most notable events in Russia’s precious metals market calendar is the annual “Russian Bullion Market” conference. Formerly known as the Russian Bullion Awards, this conference, now in its 10th year, took place this year on Friday 24 November in Moscow. Among the speakers lined up, the most notable inclusion was probably Sergey Shvetsov, First Deputy Chairman of Russia’s central bank, the Bank of Russia.
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A Radical Critique of Universal Basic Income
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Author: Charles Hugh Smith
Categories: The United States
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This critique reveals the unintended consequences of UBI. Readers have been asking me what I thought of Universal Basic Income (UBI) as the solution to the systemic problem of jobs being replaced by automation.To answer this question, I realized I had to start by taking a fresh look at work and its role in human life and society. And since UBI is fundamentally a distribution of money, I also needed to take a fresh look at our system of money.
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Less Retail Jobs, More Amazon Robots: Get Used To It
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Author: Dave Edwards
Categories: Global Macro
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When it comes to job creation in the United States, President Trump will be displeased to hear the latest findings from Quartz: 170,000 fewer retail jobs in 2017 - and 75,000 more Amazon robots. In November, we explained that while everyone likes to point the finger at Amazon, America’s retail apocalypse can’t be tied to just one catalyst (see: A Look At America’s Retail Apocalypse In Charts), however, fierce competition in the industry has induced an army of robots at Amazon’s fulfillment centers, which has certainly led to the termination of retail employees across the industry.
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