Monthly Archives: February 2016

February 29

Pivotal Week for Dollar Bulls

The US Dollar rallied sharply on Friday after Preliminary Q4 2015 GDP data came in above estimates, showing a result of 1.0% vs 0.4% estimated. This came on the heels of better than expected core durable goods orders reporting a 1.8% actual against a 0.2% projected. Unemployment claims were in line with expectations at 272k. […]

February 16

Zhou and OPEC Whipsaw the Shorts

Peoples Bank of China governor Zhou Xiaochuan followed through on his weekend comments with a sharply higher fix for the Yuan, sending it 1.35% higher on its biggest daily upswing since 2005. Zhou talked up the Yuan over the weekend in his first comments in months saying that there is “no basis for devaluation” and […]