Blog - Posts List

There are many variations of passages

Hungary Interest Rates Remain Unchanged At Record Low

Hungary’s central bank left its key interest rate unchanged at a record low for a fifteenth consecutive month on Tuesday.

The Monetary Council of the Magyar Nemzeti Bank left the base rate unchanged at 0.90 percent, in line with economists’ expectat…

The post Hungary Interest Rates Remain Unchanged At Record Low appeared first on forex-4you.com, الفوركس بالنسبة لك.

WTI crude nears $48 ahead of API inventory report

CNBC’s Jackie DeAngelis reports oil prices tick higher as traders await indications that supply continues to tighten.

crude oil

The post WTI crude nears $48 ahead of API inventory report appeared first on crude-oil.news.

The post WTI crude nears $48 ahead of API inventory report appeared first on Forex news forex trade.

The post WTI crude nears $48 ahead of API inventory report appeared first on fastforexprofit.com, الفوركس بالنسبة لك.

WTI crude nears $48 ahead of API inventory report

CNBC’s Jackie DeAngelis reports oil prices tick higher as traders await indications that supply continues to tighten.

The post WTI crude nears $48 ahead of API inventory report appeared first on NASDAQ.

The post WTI crude nears $48 ahead of API inventory report appeared first on Forex news – Binary options.

The post WTI crude nears $48 ahead of API inventory report appeared first on fastforexprofit.com, الفوركس بالنسبة لك.

Venezuela’s Grim Reaper – A Weekly Report

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.

The Grim Reaper has taken his scythe to the Venezuelan bolivar. The death of the bolivar is depicted in the following chart. A bolivar is worthless, and with its collapse, Venezuela is witnessing the world’s worst inflation. 

As the bolivar collapsed and inflation accelerated, the Banco Central de Venezuela (BCV) became an unreliable source of inflation data. Indeed, from December 2014 until January 2016, the BCV did not report inflation statistics. Then, the BCV pulled a rabbit out of its hat in January 2016 and reported a phony annual inflation rate for the third quarter of 2015. So, the last official inflation data by the BCV is almost two years old. To remedy this problem, the Johns Hopkins – Cato Institute Troubled Currencies Project, which I direct, began to measure inflation in 2013. 

The most important price in an economy is the exchange rate between the local currency and the world’s reserve currency — the U.S. dollar. As long as there is an active black market (read: free market) for currency and the black market data are available, changes in the black market exchange rate can be reliably transformed into accurate estimates of countrywide inflation rates. The economic principle of Purchasing Power Parity (PPP) allows for this transformation.

I compute the implied annual inflation rate on a daily basis by using PPP to translate changes in the VEF/USD exchange rate into an annual inflation rate. The chart below shows the course of that annual rate, which peaked at 1823% (yr/yr) in early August 2017. At present, Venezuela’s annual inflation rate is 1538%, the highest in the world (see the chart below).

The post Venezuela’s Grim Reaper – A Weekly Report appeared first on crude-oil.news.

The post Venezuela’s Grim Reaper – A Weekly Report appeared first on Forex news forex trade.

The post Venezuela’s Grim Reaper – A Weekly Report appeared first on fastforexprofit.com, الفوركس بالنسبة لك.

Gartman: “We Are A Bit Uneasy This Morning Being Short”

Just two weeks after he staked his reputation that “The Bull Market Has Come To An End“, “world-renowned” commodity guru Dennis Gartman is getting nervous, and as he writes in his latest daily letter, “we
are a bit uneasy this morning being short.

Here is how Gartman is slowly but surely pivoting away from his “red-line” bearish call on stocks:

STOCKS HAVE RISEN A BIT SINCE YESTERDAY with our International Index having gained a marginal 19 points, with stocks in Asia moving sharply higher while stocks in Europe were weak. However, the markets in Asia are responding to what we perceive to be the best speech given yet by Mr. Trump last evening in which he made clear that the US will not stand down from its obligations abroad.

 

Heretofore, President Trump… influenced of course by the manifestly anti-globalist philosophies of Mr. Bannon… seemed intent upon reducing the US position of global authority, but last evening that philosophy was abandoned, and with that the Asia stock markets and the US stock index futures turned briskly higher.

 

Also, we note that the Fear & Greed Index here in the US made its way toward and below the all-important 20 level, having fallen to 15 as of the close yesterday and almost certainly to turn higher today given the strength in the stock index futures as we write. Previously, any time this index fell below 20 and turned higher, stocks which had been under pressure swiftly turned for the better and although the world’s stock market histories do not always follow the precise paths each time, they do have great and constant similarities.

And the resultant trade adjustment:

2. Short of Two Units of the NASDAQ 100; Long of Two Units of the S&P:

We began the trade Tuesday, August 1st with the ratio at 2.37:1 and we added to the position on Friday, August 11th with the ratio at precisely the same level. It closed last evening at 2.38:1.

 

We’ve reduced our “risk” point to 2.42:1 on a closing basis in New York and we’ll look for the ratio to make its way down to 2.15:1… noting that each 0.1% is a material shift in price, but we are a bit uneasy this morning being short.

It would appear that the bull market is back on again, as for Gartman’s stake reputation, well… he puts it best: 

We are out of the office today, on the road home from Cookeville, Tennessee where we witnessed the Eclipse yesterday… however, we were actually about 5 miles from the perfect dead center of the event, but what we saw was spectacular! We’ll be back in the office late this afternoon for we are driving back home rather than flying.

The post Gartman: “We Are A Bit Uneasy This Morning Being Short” appeared first on crude-oil.news.

The post Gartman: “We Are A Bit Uneasy This Morning Being Short” appeared first on Forex news forex trade.

The post Gartman: “We Are A Bit Uneasy This Morning Being Short” appeared first on fastforexprofit.com, الفوركس بالنسبة لك.