OK…..Here we go again
The Dollar is tanking against ALL Currencies today
Oil is down but the US Dollar is Down vs the Canadian Dollar
THAT is REAL weakness
Whats the proximal cause ?
Buying a drink for the first coherent answer
The Dollar is tanking against ALL Currencies today
Oil is down but the US Dollar is Down vs the Canadian Dollar
THAT is REAL weakness
Whats the proximal cause ?
Buying a drink for the first coherent answer
Fully, I have the USD on day 12 of the current Trading Cycle. TC lows every 18-23 days on average.
1. http://www.zerohedge.com/news/2016-09-06/services-economy-crashes-feb-2010-lows-confirming-manufacturing-collapse
Services PMI printed a six-month-low 50.9 over the weekend “pointing to an annualised GDP growth rate of a mere 1%,” according to Markit. Services jobs fell to their weakest since Dec 2014 but the ISM Services data collapsed to 51.4 – lowest since Feb 2010 with new orders imploding to their weakest since Jan 2014.
2. http://www.zerohedge.com/news/2016-09-06/feds-own-jobs-indicator-tumbles-again
For the 7th month of the last 8, The Fed’s Labor Market Indicator has dropped. August’s 0.7% slump slams the door shut on July’s brief bounce which is confirmed by the collapse in ISM Services and Manufacturing employment indices…
Vodka tonic please.
g20 announces they will do more than keep rates low–implies currency devaluations
Might be payroll misrepresentation. Instead of 150+k, it’s just 50+k after deducting more job loss than new ones created.
http://www.businessinsider.com/ism-non-manufacturing-pmi-august-2016-2016-9