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FX Daily, March 13: Non-Economic Developments Dominate Ahead of US CPI

FX Daily, March 13: Non-Economic Developments Dominate Ahead of US CPI
Author: Marc Chandler
Categories: FX Trends

Many see the eruption of the scandal that threatens senior government officials as yen positive because it weakens those that ostensibly want to depreciate the yen through monetary policy. The scandal involves falsifying documents to conceal a sweetheart deal. The government sold of state-owned land to a school-operator, reportedly with connections to Prime Minister Abe's wife at an incredibly low price.

Weekly Technical Analysis: 12/03/2018 - USDJPY, EURUSD, GBPUSD, Gold

USD/CHF, March 13
Author: Raffi Boyadjian
Categories: FX Trends

The USDCHF pair traded negatively yesterday to break 0.9488 and settles below it, which stops the positive effect of the recently mentioned bullish pattern and push the price to decline again, targeting heading towards 0.9373 initially.

How hot politics in the Balkans slowed the clock on your oven

Oven Clock
Author: Investec
Categories: Swiss Markets and News

Switzerland’s power grid is part of a large pool of ebbing and flowing electricity spanning 25 countries, known as the Continental European (EC) power grid. Enough electricity must be fed into it to keep it at a stable frequency. The EC’s magic number is 50 Hz. Maintaining this requires a carefully coordinated trans-national balancing act. When electricity consumption rises, power stations across the network must work harder.

Swiss politicians with links to health sector can still fully participate in health commissions

High-cost Healthcare
Author: Le News
Categories: Personal Finance, Swiss Markets and News

Lukas Reimann, a parliamentarian and member of the Swiss Peoples Party (UDC/SVP), fought to have parliamentarians paid by health companies partially excluded from government commissions dealing with health issues. He thinks vested interests are behind high health premiums and that cartels must be broken.

China Prices Include Lots of Base Effect, Still Undershoots

China Price Stability, Feb 1996 - 2018
Author: Jeffrey P. Snider
Categories: China

By far, the easiest to answer for today’s inflation/boom trifecta is China’s CPI. At 2.9% in February 2018, that’s the closest it has come to the government’s definition of price stability (3%) since October 2013. That, in the mainstream, demands the description “hot” if not “sizzling” even though it still undershoots. The primary reason behind the seeming acceleration was a more intense move in food prices.

Stock and Bond Markets – The Augustine of Hippo Plea

Hippo Magic
Author: Pater Tenebrarum
Categories: Debt and the Fallacies of Paper Money, Stock Markets

Most fund managers are in an unenviable situation nowadays (particularly if they have a long only mandate). On the one hand, they would love to get an opportunity to buy assets at reasonable prices. On the other hand, should asset prices actually return to levels that could be remotely termed “reasonable”, they would be saddled with staggering losses from their existing exposure. Or more precisely: their investors would be saddled with staggering losses.