One week after JPM made the exact same forecast, warning that the recent surge in the USDJPY will fade dramatically as Dollar euphoria shifts to concerns about protectionism, overnight UBS Group’s $2 trillion wealth-management arm said yen traders have got the Donald Trump "trade" all wrong, and the yen will strengthen to 98 per dollar by this time next year.
With snowflakes everywhere across America seemingly content to burn the Stars & Stripes to protest democracy's decision to elect what they have been told is a racist, homophobic, anti-semitic, sexist, tax-fraud as president...
One day ahead of OPEC's much anticipated meeting in Vienna, oil has slid back under $46 on rising pessimism that an oil production cut deal, taken widely for granted as recently as last week, is not going to take place.
Here is the latest rundown of events heading into the Wednesday meeting.
In a choice that confirms Trump's intentions to dismantle Obamacare, Reuters reports that President-elect Donald Trump will shortly announce he has chosen vociferous Obamacare critic Tom Price (R. Ga), an orthopedic surgeon from Georgia, as his Health and Human Services secretary to help him overhaul the U.S. healthcare system.
Chairman of the House Budget Committee Tom Price
Award winning veteran journalist and film-maker John Pilger raises the alarm on an under-reported and dangerous provocation. A major US military build-up – including nuclear weapons – is under way in Asia and the Pacific with the purpose of confronting China. New Internationalist reports: When I first went to Hiroshima in 1967, the shadow on the steps was still there. It was an almost perfect impression of a human being at ease: legs splayed, back bent, one hand by her side as she sat waiting for a bank to open.