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Saturday, June 14, 2014

Even US corporations are fleeing the dollar Titanic

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The U.S. dollar is being increasingly dropped as the currency for  settling international trade . But perhaps the latest trend provides the ...
Monday, June 9, 2014

Venezuela Hookers Now Make More As FX Traders

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" The dollar is king these days, but having them comes at a price ," notes one working girl as Venezuelan prostitutes can more th...
Thursday, June 5, 2014

EES: Euro goes negative on deposit rate

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For some, today a surprise move from the ECB making the Euro the first major currency with a negative deposit rate.  Mario Draghi reduced t...
Wednesday, June 4, 2014

Draghi Disappointment Fears Spike: FX Volatility Surges To 30-Month Highs

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While  US equity implied volatility has been flat to slightly higher in the last week (as stocks have soared) , FX volatility has remained ...

China Scrambling After "Discovering" Thousands Of Tons Of Rehypothecated Copper, Aluminum Missing

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"Banks are worried about their exposure," warns one warehousing source, "there is a  scramble for people to head down there ...
Tuesday, June 3, 2014

'Two Weeks' To Prepare For Cyber Attack On Bank Accounts - UK Government

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Today’s AM fix was USD 1,244.25, EUR 914.42 and GBP 742.26 per ounce. Yesterday’s AM fix was USD 1,244.75, EUR 915.26 and GBP 743.49 per ou...
Monday, June 2, 2014

EES: FX Volatility down

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In the above 4 hour chart of EUR/USD - look the downtrend of the ATR (Average True Range). Is this the beginning of summer doldrums, ju...

Obama Administration Prepares To Unleash Weapons Of Mass Wealth Effect Destruction On Russia

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As Senator Ron Johnson so appropriately blasted, "I'm not sure sanctions had any effect whatsoever other than, you know, the Russi...
Friday, May 30, 2014

UK Citibank USD Current Account Continues Ramping Up Fees

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Once upon a time the Citibank USD current account was by far one of the best such accounts on the market for depositing USD cheque's in...
Tuesday, May 27, 2014

First Cisco And Microsoft, Now IBM: China Orders Banks To Remove High-End IBM Servers

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A week ago, in retaliation to the inane charges lobbed by the US accusing 5 Chinese army officials of spying on US companies (when the NSA ...