Tag Archive: International trade

Oil prices and the global economy

2019-09-11

Low oil prices are good news for disposable income. But they also reflect the risk of oversupply in a world where growth indicators continue to point down.Events since Trump first threatened increased tariffs in 2017 provide a textbook example of how tariffs are transmitted through the global economy. First, the uncertainty they create hurts sentiment.

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Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe Show Why Physical Gold Is Ultimate Protection

2017-11-18

by GoldCore

2017-11-18

Zimbabwe Implied Annual Inflation, Aug 2015 - Oct 2017

Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe. Real inflation in Zimbabwe is 313 percent annually and 112 percent on a monthly basis. Venezuela's new 100,000-bolivar note is worth less oday thehan USD 2.50. Maduro announces plans to eliminate all physical cash. Gold rises in response to ongoing crises.

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Switzerland Tops World’s Most Competitive Countries Index (Yemen Least)

2017-10-06

by Tyler Durden

2017-10-06

World's Most and Least Competitive Countries, 2017 - 2018

Something else 'Murica is no longer #1 in... A recently released World Economic Forum report has found that the global economy is recovering well nearly a decade on from the start of the global financial crisis with GDP growth hitting 3.5 percent in 2017. The eurozone in particular is regaining traction with 1.9 percent growth expected this year. As Statista's Niall McCarthy points out, the improvement in Europe's economic fortunes can be seen in...

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FX Traders Have To (Re)Learn A New Skill

2017-02-11

by Tyler Durden

2017-02-11

China Trade Balance with United States, April 2016-January 2017

Dear FX traders: forget the dot plot, and prepare to learn a new - or to some forgotten - skill: how to read trade flows. As Bloomberg's Vincent Cignarella and Andrea Wong point out, currency traders accustomed to analyzing the Fed’s dot plot and monthly U.S. jobs figures to predict the direction of the world's reserve currency are having to learn, or in some cases re-learn, a largely forgotten ability: how to scrutinize trade data. With...

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The US Dollar Is Now Overvalued Against Almost Every Currency In The World

2017-01-24

by Simon Black

2017-01-24

In September 1986, The Economist weekly newspaper published its first-ever “Big Mac Index”. It was a light-hearted way for the paper to gauge whether foreign currencies are over- or under-valued by comparing the prices of Big Macs around the world. In theory, the price of a Big Mac in Rio de Janeiro should be the same as a Big Mac in Cairo or Toronto.

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Trump Is Set To Label China A “Currency Manipulator”: What Happens Then?

2017-01-11

by Tyler Durden

2017-01-11

While China has been banging the nationalist drums in its government-owned tabloids, warning daily of the adverse consequences to the US from either a trade war, or from Trump's violating the "One China" policy, a more tangible concern for deteriorating relations between China and the US is that Trump could, and most likely will, brand China a currency manipulator shortly after taking over the the Oval Office.

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Gold Price In GBP Up 4 percent On Brexit and UK Risks

2017-01-10

by GoldCore

2017-01-10

Gold Price In GBP Rises 4% On Brexit and UK Economy Risks. Pound fell 2% against gold yesterday after Theresa May created Brexit concerns. May's 'Hard Brexit' denial does not calm markets growing fears. Investors concerned about lack of government strategy and uncertainty. UK Prime Minister bizarrely blames media and "those who print things" for sterling depreciation. GBP gold builds on 31% gain in 2016 with 4% gain so far in 2017.

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Gold Rises In All Currencies In 2016 – 9 percent In USD, 13 percent In EUR and 31.5 percent In GBP

2017-01-06

by GoldCore

2017-01-06

Gold gains in USD, GBP, EUR, CAD, AUD, NZD, JPY. Gold gains in CNY, INR & most emerging market currencies. Gold surges 31.5% in British pounds after Brexit shock. Gold acted as hedge and safe haven in 2016 … for those who need safe haven. Furthers signs of market having bottomed and bodes well for 2017. What drivers will gold respond to in 2017? EU elections and contagion risk, Geo-politics, terrorism, war and cyber war. Outlook for gold good...

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Q1 – Q3 2016 China Net Gold Import Hits 905 Tonnes

2016-11-28

by Koos Jansen

2016-11-28

Shanghai Gold Exchange SGE Withdrawals September 2016

Withdrawals from the vaults of the Shanghai Gold Exchange, which can be used as a proxy for Chinese wholesale gold demand, reached 1,406 tonnes in the first three quarters of 2016. Supply that went through the central bourse consisted of at least 905 tonnes imported gold, roughly 335 tonnes of domestic mine output, and 166 tonnes in scrap supply and other flows recycled through the exchange.

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You’ll Only Understand Trump and Brexit If You Understand the Failure of Globalization

2016-11-18

by George Washington

2016-11-18

You can only understand the victory of Donald Trump and Brexit once you understand the failure of globalization… Trump made rejection of globalization a centerpiece of his campaign. In his July 21st acceptance speech as the Republican nominee, he said: Americanism, not globalism, will be our credo.

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Dollar Illiquidity Getting Critical: A $10 Trillion Short Which The Fed Does Not Understand

2016-11-17

by Paul Mylchrest

2016-11-17

In the latest report from ADM ISI’s strategy team, “Dollar Liquidity Threat is Getting Critical and Fed is M.I.A.”, Paul Mylchreest argues that mainstream economic luminaries (like Carmen Reinhart) are finally acknowledging the evolving crisis due to the dollar shortage outside the US, a topic which even the head researcher at the BIS shone a spotlight on yesterday suggesting that the strength of the dollar, not the VIX is the new "fear...

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