Your bank knows how to create inflation — fees

ATM fees continue to soar Getting your own money out of the bank now costs almost $5. According to a report from bankrate.com, the cost of using an out-of-network bank machine is now $4.63, up 55% in 10 years. This seems like a bogus justification: «With fewer people making out-of-network ATM withdrawals, the cost of […]

Long USD/JPY or long CAD/JPY still attractive — SocGen

SocGen on yen crosses Societe Generale Cross Asset Strategy Research makes a case for considering selling the JPY around current levels via long USD/JPY or Long CAD/JPY. «Yesterday’s data/news saw solid headline Chinese PMIs but softer Caixin ones, and a strong Tankan in Japan that was tempered by soft prices. Improving economy plus falling price expectations […]

New Zealand GDT price index -2.4%

Latest dairy auction results Globaldairytrade average $3223/MT Milk powder prices index -2.7% Worst result in months for New Zealand dairy. That’s a negative for the kiwi but NZD/USD is about 20 pips above the lows of the day as the market takes it all in

What would a collapse of fiat currency look like?

Let’s say the hardcore cryptocurrency advocates are 100% right. Ok, let’s say the hardcore cryptocurrency advocates are 100% right. That crypto is the future and that fiat money is worthless. The question I have is: How do we get there. How will I know it’s happened? For one, my bank account wouldn’t change. If I […]

EUR/USD Clings to Bearish Sequence Ahead of ECB Meeting Minutes

Talking Points: — EUR/USD Clings to Bearish Sequence Ahead of ECB Meeting Minutes. — AUD/USD Continues to Search for Support as RBA Sticks to Wait-and-See Approach. — Sign Up for the DailyFX Trading Webinarsfor an opportunity to discuss potential trade setups. EUR/USD bounces back from a fresh weekly-low 1.1730, but the lack of momentum to […]

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