Seth Dompreh
Published post Nearly $8 trillion wiped off world stocks in January, US recession chances rising: Bank of America Merrill Lynch
World stock market losses are approaching $8 trillion so far this year and investors last week poured the most money into government bond funds in a year, suggesting they fear the global economy could tip into recession, Bank of America Merrill Lynch said on Friday...
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Seth Dompreh
Published post World Bank lowers growth forecast for global economy in 2016
The World Bank slashed its growth forecast for the global economy in 2016 on Wednesday, citing "disappointing" growth in major emerging-market economies like China and Brazil. The bank cut its June forecast for global economic expansion in 2016 by 0.4 percentage point to 2...
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Seth Dompreh
Published post EM is looking particularly cheap now against developed world: Geoffrey Dennis, UBS Investment Bank
In a chat with ET Now, Geoffrey Dennis, UBS Investment Bank, says you need something more significant than just valuations to turn markets around ET Now: The Fed announcement shows a dovish statement in dots as well...
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Seth Dompreh
Published post China behind global trade slowdown in 2015: World Bank
WASHINGTON: The slump in Chinese growth and its nascent economic transition was the key factor in a sharp slowdown last year in global trade, the World Bank said today. Trade, as measured by total merchandise import volumes, rose only 1.7 percent in 2015, down from 3...
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Seth Dompreh
Published post World Bank plans to lend Tunisia $5 bln over five years
The North African country is struggling with lower tourism revenue after Islamist militant attacks last year, protests over unemployment and slow progress on economic reforms that have lagged political advances made since its 2011 uprising.........read more...
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Seth Dompreh
Published post Dollar holds steady vs. other majors
The dollar held steady against the other major currencies in subdued trade on Monday, off Friday’s five-month trough as the greenback continued to recover from the Federal ...read more...
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Seth Dompreh
Published post Dollar holds onto gains despite U.S. housing data
The dollar edged moderately higher against the other major currencies in quiet trade on Monday, as the greenback continued to recover from the Federal Reserve’s most recent ...read more...
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Seth Dompreh
Published post French private sector output rises to 5-month high in March
French private sector activity grew at the fastest pace in five months in March, easing concerns over the economic outlook of the euro zone’s second largest economy, preliminary ...read more...
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Seth Dompreh
Published post German Ifo business climate rebounds from a 14-month low in March
German business confidence turned around and rose higher in March, rebounding from a 14-month low in February, industry data showed on Tuesday. In a report, the German research ...read more...
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Seth Dompreh
Published post Markets Roared, Central Banks Offer a Jostled Response
As we entered the New Year, it became obvious that the lack of further Central Bank support in December threatened the fragile recoveries that have been seen around the globe in the post-Financial Collapse environment............read more...
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Seth Dompreh
Published post Oil Price Optimism May Be Short-Lived
Oil has stayed resilient during the past few weeks, despite occasional risk-off sentiment. Crude prices rose to their highest in three months in early March, at $42.49/barrel for WTI and $42.54/barrel for Brent...
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Seth Dompreh
Published post Will Gold’s Multi-Year Down Trend Resume in Q2?
Gold embarked on an aggressive recovery in the first quarter of 2016, buoyed by a slump in Federal Reserve rate hike expectations...
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Seth Dompreh
Published post Bullish USD/JPY Outlook Mired by Dovish Fed, Wait-and-See BoJ
The diverging paths for monetary policy fosters a long-term bullish outlook forUSD/JPY, but the Federal Reserve’s and the Bank of Japan’s (BoJ) wait-and-see approach may continue to drag on the exchange rate especially as Janet Yellen and Co. look to further delay their normalization cycle...
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Seth Dompreh
Published post EUR/USD Stuck in No-Man’s Land Headed into Q2’16; Don’t Discount ‘Brexit’
Coming into Q1’16, our main theme for EUR/USD was that, because market participants would be wholly fixated on seeing what the European Central Bank and the Federal Reserve would do in their March meetings, neutrality would prevail........read more...
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Seth Dompreh
Published post US Dollar Forecast – US Dollar Tempers Pace, But Bull Trend Still Endures
The US Dollar took a dangerous tumble through the first quarter, throwing into doubt the currency’s ambitions after more than four years of advance...
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Seth Dompreh
Published post Second Quarter Outlook for Dollar, Euro, Yen, Oil, Gold and Shares
A rebound in risk appetite, falter in the Dollar and push to extreme dovish monetary policy defined the close of the past quarter. What does the second quarter hold for the benchmarks of the FX, capi...Continue Reading...
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Seth Dompreh
Published post World continues to drown in excess supply despite recent spike in oil prices
Don’t be fooled by the recent spike in oil prices. The world continues to drown in excess supply. U.S. oil stockpiles skyrocketed by 9.4 million barrels last week to 532.5 million barrels, according to figures released on Wednesday by the U.S. Energy Information Administration...
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Seth Dompreh
Published post Wall Street weaker as stronger dollar weighed on crude oil
U.S. stocks broke a five-week winning streak on Thursday as a strengthening dollar weighed on commodity-related shares. Major indexes ended the session nearly unchanged, paring losses late in the day. The Dow Jones industrial average .DJI closed up 13.69 points, or 0.08 percent........read more...
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Seth Dompreh
Published post Another U.S. rate hike ‘may not be far off’, says Fed’s Bullard
Another U.S. interest rate hike “may not be far off” after the Federal Reserve stood pat last week and made only minor downgrades to economic forecasts, St. Louis Fed President James Bullard said on Thursday........read more...
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Seth Dompreh
Published post BOJ cuts key interest rate to -0.1%, will cut lower if needed
Japan’s central bank is stepping up its efforts to kick-start the country’s struggling economy by taking a key interest rate into negative territory. The Bank of Japan said Friday that it will cut the rate on current accounts that commercial banks hold with it to minus 0...
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