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Currency Positioning and Technical Outlook Holiday Mode
The US dollar rebounded smartly at the end of last week as the realization that it was increasingly likely the US would go over the fiscal cliff. This has been our base case, but many seemed to...
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Dollar Still Vulnerable
The US dollar was broadly mixed last week. Its gains were strongest against the New Zealand dollar and Australian dollars (~3.6% and 1.70% respectively). The Norwegian krone and Canadian dollar lost...
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Wall Streeter’s Lament Volcker Rule: “Liquidity Is About To Be Sacrificed At...
Another perspective on the Volcker Rule via Colin Burgess of Sterling, authoried by Anthony Peters of SwissInvest Mario’s Law and Volcker’s Pandora’s Box Today, Tuesday, is a day rich in headlines from...
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Take Cover – Wall Street Is Breaking Out The Bubblies
Submitted by David Stockman via Contra Corner blog, Let’s see. Google’s record market cap gain on Friday was actually a squeaker. At $66.9 billion it easily passed in one day the entire $50 billion...
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The Dollar: Now What?
The US dollar has been on a roller coaster ride. Many have lost confidence in the underlying trend. An important prop for the dollar, namely the prospects for the Fed’s lift-off has been pushed out...
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Fate of Dollar Bulls Post-Fed
The US dollar sold off in response to the Fed’s lack of action, but it rebounded to close firmly before the weekend. For the week as a whole, it was mixed. The Australian and New Zealand dollars...
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Why Merrill Is Urging Investors To “Sell The Rallies”
The technical pattern for S&P 500 and many other US and global equity market indices is sell rallies, according to BofAML's Stephen Suttmeier, who notes that the market is as overbought now as it...
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S&P Breaks Below Crucial Support As BofAML Warns Of Bearish “Shooting Star”
The S&P 500 tested resistance at the November and May 2015 peaks of 2116-2135 last week but closed near the week’s lows to form a bearish reversal (shooting star) on the weekly candle chart. This...
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France’s Election Provides Only Short-Term Relief For The Euro
Authored by Thorstein Polleit via The Mises Institute, Emmanuel Macron is the new president of France. The 39-year-old political shooting star got 66.1 percent of the votes in the second round of the...
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NYU’s ‘Dean Of Valuation’: Bitcoin’s Not A Fraud, It’s A Currency
Aswath Damodaran, a professor of finance at the NYU's Stern School of Business, disagrees with JPMorgan Chase CEO Jamie Dimon that bitcoin is a "fraud," and explains that, in his view, the...
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