Category Archives: British Pound
Asian Stocks Slide On iPhone X Demand Fears; US Futures Flat In Thin Holiday Trading
For the second day in a row, most Asian markets – at least the ones that are open – were dragged lower by tech stocks and Apple suppliers, with the MSCI Asia Pacific Index down 0.2% led by Samsung Electronics and Taiwan Semiconductor Manufacturing in response to the previously noted report that Apple will slash […]
2018: The Year Central Banks Begin Buying Cryptocurrency
Authored by Eugene Etsebeth via CoinDesk.com, Behind closed doors, G7 central banks are sluggish traders that buy and sell the same foreign currencies, marketable securities, special drawing rights (SDR) and gold day in and day out. Central bank traders follow the investment policy enforced by the executive committees with specific asset allocation targets. In order […]
Brandon Smith Warns: The Saudi Coup Signals War And The New World Order Reset
Authored by Brandon Smith via Alt-Market.com, For years now, I have been warning about the relationship of interdependency between the U.S. and Saudi Arabia and how this relationship, if ended, would mean disaster for the petrodollar system and by extension the dollar's world reserve status. In my recent articles 'Lies And Distractions Surrounding The Diminishing […]
Chinese Capital Outflows Return As Soon As PBOC Halts FX Intervention
Since the addition of the Chinese renminbi (RMB), i.e. Yuan, to the IMF’s SDR basket of reserve currencies last October, more than 60 countries and regions have added and adopted the renminbi as a new reserve currency, according to the latest report on renminbi internationalization by the People’s Bank of China. As a reminder, one […]
Here’s How Much Each HSBC Trader Made In Their FX Front-Running Scheme
Last week we wrote about how some former HSBC FX traders, led by Mark Johnson, orchestrated a carefully crafted plan to front-run a massive buy order for British Pounds using the code phrase “my watch is off.” Now, courtesy of court filings in a British case to extradite one of the participants, Stuart Scott, we […]
The US Dollar Will Lose The Currency Reserve Status Fast
When the US Dollar replaced the British Pound (GBP) as the world`s reserve currency, there was no one really … READ THE REST OF THE ARTICLE ON THE NEW WEBSITE: JIM ROGERS TALKS MARKETS