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Venezuela Officially Defaults; Annual Inflation 2689 Percent: When Does The Military Take Over?
Article By:
Mish Shedlock
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Friday, November 10, 2017 3:19 PM EDT
Electricidad de Caracas, a Venezuelan state-owned electric company, officially defaulted on a $650 million bond payment. Venezuela’s annual inflation rate for today is 2689.55%, the highest in the world.
Venezuela Officially Declared In Default
Article By:
Tyler Durden
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Friday, November 10, 2017 2:09 PM EDT
Today, the ISDA Determinations Committee sits down to decide whether an event of default has occurred due to the delayed principal payment on the Petroleos de Venezuela SA, or PDVSA, bond that matured Nov. 2
Venezuela Just 24 Hours Away From Formal Declaration Of Default
Article By:
Tyler Durden
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Thursday, November 9, 2017 1:02 PM EDT
Venezuela may be declared insolvent as soon as Friday morning. In anticipation of the default, international banks and suppliers have reduced, and in most cases halted, credit to Venezuela's state oil-firm, PDVSA.
Two Reasons Why The Mexican Peso Appreciated In 2017
Article By:
Mises Institute
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Monday, November 6, 2017 9:46 AM EDT
The devaluationary spiral of the peso began with the fall in oil prices in mid-2014. At the time, the depreciation was easy to explain in terms of the deterioration of the balance of trade.
In this article: EWW
Forex Weekly Outlook October 30 – Nov 3
Article By:
Samed Olukoya
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Sunday, October 29, 2017 2:14 PM EDT
The US dollar sustained gains against its counterparts last week following the adoption of 2018 fiscal budget by the senate and the better than expected economic growth rate recorded in the third quarter.
Forex Critical: The U.S. Dollar Vs. Mexican Peso Soars To An Important Level
Budgeting For The Great Unknown In 2018–2020
Article By:
Paul Hodges
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Monday, October 23, 2017 1:38 PM EDT
"There isn't anyone who knows what will happen over the next 2 - 3 years" says the UK finance minister. So it's time to prepare contingency plans for rising interest rates, a China slowdown, trade protectionism/Brexit and growing political chaos.
Forex Weekly Outlook October 23-27
Article By:
Samed Olukoya
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Sunday, October 22, 2017 6:21 PM EDT
The US dollar rebounded last week after the senate adopted 2018 fiscal budget. However, the weaker than expected inflation rate and retail sales remain concerns as the Federal Reserve prepares to start unwinding its balance sheet in October.
Emerging Markets: Week Ahead Preview - Oct. 23
Article By:
Marc Chandler
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Sunday, October 22, 2017 5:34 PM EDT
EM FX ended the week on a soft note. Nearly every EM currency was down for the entire week, led by ZAR, BRL, and TRY. While higher US rates will pressure EM FX, heightened political risk will continue to hit these three currencies hard.
Bitcoin At Record High; Breaches $6,000 Level
Article By:
Samed Olukoya
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Saturday, October 21, 2017 11:42 AM EDT
The world’s most famous digital currency, Bitcoin, reached another milestone on Saturday following the rumor of cash shortage in Zimbabwe and an increase in margin trading.
In this article: BITCOMP
Playing The Part In NAFTA Negotiations
Article By:
George Friedman
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Monday, October 16, 2017 3:12 PM EDT
As the fourth round of NAFTA negotiations comes to an end, the agreement’s survival has once again been brought into question. US President Donald Trump has threatened to strike a new deal with just Canada.
NAFTA Worries Take Toll, Yellen's Best Guess Supports Greenback
Article By:
Marc Chandler
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Monday, October 16, 2017 2:47 PM EDT
In a relatively quiet week for economic data, except for the UK, we suggested that politics may trump economics.
Forex Weekly Outlook October 16-20
Article By:
Samed Olukoya
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Sunday, October 15, 2017 7:46 PM EDT
The mixed U.S. economic data and political uncertainty continued to weigh on the U.S dollar even though activities in the manufacturing sector rose to a 13-year high and services sector expanded at the fastest pace in 12 years last month.
‘Good Luck Out There’: Full Week Ahead Preview
Article By:
The Heisenberg Report
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Sunday, October 15, 2017 7:23 PM EDT
The coming week features possibly market-moving events including the Chinese Party Congress, NAFTA negotiations, Japanese elections and decisions on Catalonian autonomy.
Emerging Markets: Preview Of The Week Ahead - Oct. 23
Article By:
Marc Chandler
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Sunday, October 15, 2017 4:18 PM EDT
EM FX closed the week on a firm note as softer than expected US CPI data weighed on the dollar. We continue to believe investors are underestimating the Fed’s tightening potential. Idiosyncratic political risk remains high for MXN, TRY, and ZAR.