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FOMC Ignores EM Crisis, Tapers Another $10 Billion – December Statement Redline

GIH: $10 Billion in more taper from the Fed, indicates further tapering.  A bold move against the backdrop of the crisis in emerging market currencies, which caused a stock market sell off and EM Currency sell off.  Unlike many market analysts, The Fed “Sees Growth”: WASHINGTON — The Federal Reserve announced Wednesday another $10 billion […]

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Emerging market chaos hits stock markets and currencies

GIH: Political instability, and nervous investors sparked market chaos today, that impacted stock markets and emerging market currencies.  Take a look at the Daily USD/TRY chart: Last 2 days we’ve seen an acceleration in selling of the Turkish Lira, with their central bank currently refusing to cut interest rates.  Real money flows move the Forex […]

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Death to Forex

The Forex market is dead and dying, in parallel with the US economy; which is fitting, considering the US is still the world reserve currency. Significant harbingers that have changed the Forex market forever: Dodd Frank has killed/consolidated retail Forex in the US (significant because the US is the world reserve currency), leaving less than […]

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How China can kill the US Dollar and standard of living for Americans

China has surpassed the US economy on several key measures: China is the largest trading country in the world, the largest importer of oil, and has the fastest growing economy. So why should the rest of the planet listen to China? Well, China now accounts for more global trade [40] than anyone else does, including […]

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Goldman Sachs under investigation for Forex manipulation

Goldman Sachs is the latest Forex trading bank to be added to the list of banks being investigated for rigging of Forex rates used to price other derivatives, and for benchmarking purposes, known as the WM/Reuters rates.  However the investigation against Goldman Sachs also includes commodities, options, and technology systems.  Bloomberg reports: Goldman Sachs Group […]

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