Seth Dompreh
Published post Fed rate hike expectations jolting currencies
U.S. fifty dollar bills are run through a counting machine inside a currency exchange store in Mexico City, Mexico. The dollar is flexing its muscles again, now that Fed officials are suggesting a rate hike may come sooner rather than later...
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Seth Dompreh
Published post Commodity, currency slump hit economies
Slumping commodity prices have taken African currencies down with them, exposing the fundamental economic frailties of the world's poorest continent by driving up inflation in countries that import most of their manufactured goods...
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Seth Dompreh
Published post Does a Tobin Tax on Foreign Currency Trades Make Sense for China?
The problem with introducing a tax on currency transactions in China: It’s probably too late. Taxing foreign exchange transactions – sometimes known as a Tobin tax – aims to limit short term currency transactions by making them more costly...
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Seth Dompreh
Published post Australian dollar expected to lose ground in global currency wars Read more: http://www.afr.com/personal-finance/specia
The angst generated in international circles by global currency wars was on full display this week, after it was revealed US Treasury officials had "expressed concern" the Reserve Bank of Australia had tried to talk down the local currency...
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Seth Dompreh
Published post SNB purchased 86.1 billion Swiss francs in foreign currency in 2015 to weaken franc
The Swiss National Bank (SNB) purchased 86.1 billion Swiss francs (62.58 billion pounds) in foreign currency last year to enforce a minimum exchange rate, scrapped in January, and influence exchange rate developments, according to its annual report published on Thursday...
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Seth Dompreh
Published post CurrencyFair scores further €8M for p2p currency exchange
CurrencyFair, one of a number of so-called peer-to-peer currency exchanges, has scored a further €8 million in funding. The round was led by Octopus Ventures, with participation from Proxy Ventures...
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Seth Dompreh
Published post Bitcoin Remains Most Popular Digital Currency on Dark Web
Two professors at the Department of War Studies at King’s College London have published the results of their deep dive into The Onion Router, or Tor, network, which is designed to make it difficult to track the activity of online users...
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Seth Dompreh
Published post Former SNP leader Alex Salmond wants new currency argument
Former first minister Alex Salmond has called for a fresh look at the currency options for an independent Scotland. He said he still favoured the use of Sterling, but said the independence case needs "refurbishment...
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Seth Dompreh
Published post Bruised bank stocks may be on the verge of a rebound, says Barclays Banks have been the worst performer of the S&P 500’s
After being Wall Street’s whipping boys, bank stocks may be in position to mount a comeback. At least, Barclays analysts think so. Among the S&P 500’s 10 sectors, banks have been the worst performer, down 6.5% year to date, according to FactSet data as of March 23.READ MORE...
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Seth Dompreh
Oil futures move firmly lower in Thursday’s trade, adding to losses after their biggest one-day rout in more than a month in the wake of disappointing supply data. READ MORE...
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Seth Dompreh
Published post Dollar continues to strengthen after upbeat Fed comments
Pound drops further on ‘Brexit’ fears Permalink Facebook Twitter Expand/Collapse...
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Seth Dompreh
Published post GBP/USD Outlook Mired by Growing Threat for U.K. Exit
GBP/USD may extend the decline from earlier this week amid concerns surrounding the UK Referendum, while retail sentiment pushes back to near-term extremes. Continue Reading...
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Seth Dompreh
Published post USD/CAD Low in Place? Breach Above 1.3240 to Confirm
USDCAD is responded a critical support confluence with our near-term focus higher against today’s low. Here are the updated targets & invalidation level...Continue Reading...
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Seth Dompreh
Published post Gold Price Slumps on Hawkish Remarks from Fed Members, Oil Shrinks
Oil prices shrank after DoE data confirmed a huge build in crude stocks. Gold slipped on hawkish Fedspeak and copper fell with stocks Continue Reading...
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Seth Dompreh
Published post EUR/USD to Stage Near-Term Rebound on Dismal US Durable Goods Report
EUR/USD may face a near-term rebound should a dismal U.S. Durable Goods Report push the Fed to further delay its normalization cycle. Continue Reading...
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Seth Dompreh
Published post Canadian Stocks Fall for Second Day as Commodity Producers Drop
Canadian stocks retreated for a second day as falling commodity prices dragged down shares in energy and raw-materials producers.READ MORE...
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Seth Dompreh
Published post It's not a bull or a bear market, it's a 'bunny'
Before bottoming on Feb. 11, it looked like stocks could be heading into a bear market. The subsequent rebound, though, suggests the bull is back on. In fact, the truth may be neither...
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Seth Dompreh
Published post One Hurdle to Clear for USDOLLAR Index as Gold Slips, Stocks Rally
The USDOLLAR Index has rallied everyday this week, but if it wants to rally further, it's going to need to clear out a recent swing level just overhead. Continue Reading...
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Seth Dompreh
Published post Oil Price Steadies on Early Signs That Supply Glut May Abate
Oil prices picked up after Genscape reported on the first draw in Cushing stocks since January. Gold, copper prices faded amid poor liquidity Continue Reading...
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Seth Dompreh
GBPJPY continues to trade within a descending technical formation with the pair testing support at 158.48. Here are the updated targets & invalidation levels ...Continue Reading...
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