Archive for October 17th, 2016

Foreign Exchange Insights and Next Week

A Most Peculiar Time

October 17, 2016

Precedent plays a central role in currency forecasting whether one relies on fundamental economic analysis or technical analysis. However, things have changed so profoundly in 2016 as to render precedent inapplicable in explaining the present or projecting the future. Doubts have arisen about the laws governing macroeconomic relationships in the face of things behaving differently […] More

New Overnight Developments Abroad - Daily Update

Expected U.S. Inflation Moves Up

October 17, 2016

Janet Yellen’s wide-ranging speech before the weekend appears to have lifted price expectations. The Fed Chair seemed to favor letting inflation exceed target temporarily. Share and bond prices, as well as oil are generally softer. So is the dollar, sterling and some emerging market currencies like the Turkish lira. Turkey’s jobless rate jumped 0.5 percentage […] More