Money managers cut bullish exposure to commodities by 10% during the week ended October 20, which was two days before the ECB’s dovish statement strengthened the dollar and further eroded support. Big differences have emerged, however, with the energy complex being sold while bullish bets on precious metals continue to rise
Category Archives: News
Why China’s forlorn bubble bet should worry us all
I AM neither intelligent enough to understand the behaviour of “Mr Market” — the manic-depressive dreamt up by investment guru Benjamin Graham — nor foolish enough to believe I do. But he has surely been in a depressive phase. Behind this seems to be concern about China. Is Mr Market right to be anxious?
27 Aug
USDCNH Declines after PBOC Cuts Reference Rate for a Second Day
From Tuesday, the PBOC said that the decline in the reference rate was a one-off adjustment because the Yuan effective exchange rate had become unduly strong. After Wednesday’s cut, the PBOC said that the currency will not continuously devalueand that the move of the Yuan reference rate is normal. The central bank added that there is no economic basis for the Yuan’s constant devaluation
12 Aug 2015
This is the future: Cees Bruggemans looks ahead to 2018 and $1 = R22.50
7:$ in 2010 to 12.50:$ today (that’s nearly 80% in less than four years), these numbers aren’t particular intimidating, given what we know of a Dollar on steroids. Previous cycles saw outsized Dollar rises. This one will be no different, only more gradual, is the betting, given the global fundamentals and central banks behaving. Or Are we looking at another 80% down by mid-2018 (Rand 22.50:$)?
Who shot down China bull? Shanghai ends 6% down, slips 30% in 3 weeks
China’s securities market regulator has opened an investigation into suspected market manipulation, in the latest in Beijing’s increasingly desperate attempts to head off a potential stock market crash that could damage an already slowing economy. The China Securities Regulatory Commission (CSRC) has set up a team to look at “clues of illegal manipulation across markets”
3 July
China Stocks Rise To 7-Year High On MSCI Hopes, Spawning Newest Billionaires
This chart should scare you
In a certain sense the graph also warns about the dramatic effects of how rapidly things collapse. Global consulting firm A.T. Kearney released a report on how senior management around the globe rate various countries in terms of foreign direct investment (FDI). SA was highly ranked at no. 11 in 2012, no. 15 in 2013 and no. 13 in 2014. This year we have simply vanished off the list. Kaput!
4 May 2015
China’s Tencent Hits $200 Billion Market Cap
5 Reasons AB InBev Won’t Bid for SABMiller
In a March 13 research note, however, beverage analyst Nik Modi of RBC Capital Markets, offered five reasons ABI won’t make a bid for SABMiller anytime soon. None of the obstacles we enumerate below is insurmountable,” he wrote, “but together we believe they add up to a pretty convincing argument as to why such a deal is improbable