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Hutch commented Apr 2, 2019I agree; every news I read state that housing prices in Australia, Canada, UK and US are going down and that this is the first sign of an upcoming recession. However, it's possible that the value of "building approved for construction" is rising but ...
Building Approvals, Australia, Feb 2019
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Hutch commented Apr 2, 2019I guess Omar Zaki made money for his clients otherwise he would not only have paid a fine of only $25,000 but would have been sued for fraud. Graduating from Yale with a degree in economics and physics he's no dummy.
Yale Grad Accused of Running Hedge Fund Scam While in School
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Hutch commented Apr 2, 2019My CNY are worth a little more today than yesterday but the question is will it last? In any case I can exchange $ for CNY at a rate of 6.8 and € at a rate of 8 with local people. It's better to deal with local people than with my bank that always ...
PBOC sets yuan reference rate at 6.7161
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Hutch commented Apr 2, 2019With a USDJPY low of 109.70 last week and now at 111.45 it's obvious that the JPY lost value against the USD and other currencies. On the other hand I don't believe that the rise in the 10-year TB rate is exclusively due a lower JPY.
US dollar rises as ebbing economic concerns boost bond yields
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Hutch commented Apr 2, 2019It's easy to expect a rate cut since last time it happened was November 2016. On the other hand the central bank doesn't have much room to reduce interest rates since it stands at only 1.75%.
NZ rate cut expected in May as business confidence falls
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Hutch commented Apr 2, 2019If the result of Brexit ends up badly, after a few years the UK will lose Northern Ireland since it will rejoin Ireland and will lose Scotland since it will become independent. Great Britain will become Small Britain.
No majority found in Brexit vote count, (GBP lower)
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Hutch commented Apr 2, 2019With an interest rate of 1.5% it did not take me 10 seconds to determine that two cuts of 25 basis points each would do absolutely nothing to improve the economy of Australia. To the contrary, the RBA would spend its remaining ammunition needed to ...
Your 10-second guide to today's RBA interest rate decision
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Hutch commented Apr 2, 2019Wait and see policy is always the best approach instead of rushing into ruinous economic policies that we have seen in many countries.
AUD/USD Rate Tracks Bearish Trend Going into April RBA Meeting
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Hutch commented Apr 2, 2019Why would the RBA change interest rates when the economy produced a budget surplus last year? Is there any advanced economy that doesn't miss growth and inflation targets?
Statement by Philip Lowe, Governor: Monetary Policy Decision
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Hutch commented Apr 2, 2019With a coupon of 0.1% and the lowest effective rate of -0.059% who is buying these 10 years Japanese bonds? I sure wouldn't.
Auction Result of 10-Year JGBs on April 2, 2019
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Hutch commented Apr 2, 2019Last Friday was the biggest opportunity to make money selling all GBP pairs but the GBP pairs are now in retracement mode. Who knows what will happen next. As far as I'm concerned I won't trade GBP pairs until a solid trend appears.
Goldman Sees a ‘Big Finish’ for Brexit, Opportunity in the Pound
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Hutch commented Apr 2, 2019Interesting article. The Chinese economics indicators are very ambivalent, some up some down. In any case China's economy depends largely on manufacturing items for the west and as long as the trade war with the US lasts China's economy will remain ...
A Green Shoot Amid The Dirtied Shirts?
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Hutch commented Apr 2, 2019"Fiscal, monetary measures set to support real economy". If China can do that why can't the US and other advanced economies do that instead of supporting the stock markets that mostly benefits the 1%? Are we more stupid than the Chinese or the gov ...
Fiscal, monetary measures set to support real economy
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Hutch commented Apr 2, 2019Goldman Sachs' estimate that Brexit has cost the UK economy £600 million a week since the vote equivalent to losing nearly 2.5% of GDP relative to its pre-referendum growth indicates that uncertainty is very costly since it increases unemployment ...
EU’s Barnier: UK Still Wants To Leave The EU In Orderly Manner, Exiting Withdrawal Agreement I...
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Hutch commented Apr 2, 2019More mild inflation that poses no threat to the economy.
Consumer prices increased by 0.5% in March
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Hutch commented Apr 2, 2019Not great but well done Spain. Every person who becomes employed is a lesser burden on the state.
Registered unemployment is reduced in March by 167,467 people compared to the same month last...
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Hutch commented Apr 2, 2019Agree 100%. Unlike Janet Yellen I don't believe that I will never see another recession in my lifetime. After all recessions are part of the normal business cycle. To say otherwise is economic heresy.
Global recession is 'highly likely' if there's no US-China trade deal within months, Moody's...
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Hutch commented Apr 2, 2019Housing, commercial and civil engineering projects have been declining from a high of 65 in 2014 to a low below 50 last month. I don't know the reason why commercial construction fell but it's obvious that housing construction is falling because of ...
Sustained fall in commercial work weighs on UK construction sector during March
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Hutch commented Apr 2, 2019We must all congratulate the AU politicians that, through sensible policies, made the surplus happening. This negates all naysayers' statements that view and advertise that the AU economy is on the verge of collapsing. Well done AU and keep up the ...
Budget 2019-20
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Hutch commented Apr 2, 2019Mild inflation is always good but could be derailed by Italy if its huge debt implodes requiring higher interest rates that could bring inflation to an unsustainable higher level. This could also happen to the US if the Fed finds itself unable to ...
Industrial producer prices up by 0.1% in euro area