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China’s Stangflation

Finger pointing at US inflation US threatens to eclipse China’s stagflation moon Pending the CPI data, the New York Fed survey seems to confirm an out-of-control trend.But Beijing’s producer prices (+9.7%) combined with the Covid risk appear to be the real tail risk. But Beijing’s producer prices (+9.7%) combined with the Covid risk appear to

Euro Choppy to End the Week

Eur/Usd plummets after US employment data Strongly weakened chart picture for Eur/Usd. After failing to return above 1.19 or so, the pair reversed course and then accelerated to the downside at the publication of U.S. employment data, which fell to 5.4% from the previous 5.9%, in the direction of the line that has been rising

USD/GBP 2021

USD & GBP 2021 dark forecast Dollar: a weak 2021 Looking ahead to 2021, we at UBP expect the dollar to continue to be affected by the Fed’s policies announced in the final months of 2020. Not only does the Fed intend to leave rates on hold until at least 2023, but it has also