You are here

United States

Is It Over? Dow Futures Drop As USDJPY Tumbles Most Since July

Is It Over? Dow Futures Drop As USDJPY Tumbles Most Since July

After 16 days in a row without a meaningful decline, Asia trading has opened with USDJPY dumping back from almost 114.00 to 111.50 - the biggest drop since July 29th. The USD Index is down most since Trump's win but for now the moves in equities (Japanese and US) are modest (but down)...

 

Yen is heavily bid as Asia trading opens

 

The biggest drop in USDJPY since July...

 

As the post-Trump surge in the dollar has seemingly stalled...

 

Japanese equities are getting hit...

 

The U.S. Silver Market Experienced Two Signficant Developments

The U.S. Silver Market Experienced Two Signficant Developments

By the SRSrocco Report,

According to the USGS most recent report, the U.S. silver market experienced two significant developments in August.  From the data published in the USGS August Silver Mineral Industry Survey, U.S. silver production declined significantly while silver imports surged to near record highs.

First, U.S. silver production in August is down a stunning 14% compared to the same month last year and down 10% versus the previous month:

US Housing Market In Peril As "Increase In Mortgage Rates Has Shocked Consumers"

US Housing Market In Peril As "Increase In Mortgage Rates Has Shocked Consumers"

While rising treasury yields may be music to the ears of savers who have been crushed by low interest rates over the past 7 years, they're a bit of downer for the overwhelming majority of Americans that have been funding their lavish lifestyles with cheap debt.  Yes, sadly the days of upgrading to the $65,000 luxury car despite a $40,000 annual salary, because you can "afford it" so long as you can cover the low monthly payments courtesy of 7-year terms and low interest rates, may finally be coming to an end. 

Pages