#Gold $XAU $GLD Gold buying by central banks, an important driver of bullion’s advance in recent years, is forecast to pick up in Y 2021 after a slowdown this year. We see demand from the official sector rising to about 450 toners after a drop to 375 tonnes this year, which would be the lowest […]
China’s yuan firmed against the US dollar on Monday, buoyed by a stronger central bank guidance, but traders said further gains were likely to be restrained by corporate dollar demand this week. Prior to market opening, the People’s Bank of China set the yuan midpoint at 6.7410 per dollar, the highest since Oct. 20 2016, reflecting […]
US Fed Rigged the Markets, Violated Mandate, Hurting Investors $DIA, $SPY, $QQQ, $VXX The US Fed Should consider whether the policies they pursue might be harmful to its mandated goals. One can argue that for an economy to reach its optimal long term potential, much of it lies in the realm of fiscal policy. The […]
UAE Business Loan Demand Grows, Lenders Reluctant Central bank report finds improving demand in Q-1, as conditions tighten UAE businesses are demanding more loans but lenders appear less willing to supply them, according to a report from the country’s central bank. In its Q-1 report, the bank said the appetite for business credit improved from […]