While everyone is looking at gold in USD, have a quick look at this chart. Gold in World Currency is running like it stole something the last couple of weeks. That’s the breaking of a 7 year old resistance .(Laurenz)
“We are getting more worried about downside risks given the declining appetite among consumers for buying cars and homes, in particular among high-income households:” Deutsche Bank’s Torsten Slok, who created this chart:
Global stocks drift ahead of Fed meeting. Investors expect dovish Fed, focus on balance sheet. Apple outlook gives tech shares a lift. Yuan climbed to highest since Jul as US-China trade talks get underway in DC. Pound falls after UK parliament vote. Bonds steady w/ US 10y at 2.71%.Lets see if FED changes its tune today and bow down to the market tantrums
This month has been the most-active January for emerging-markets bond sales on record.
