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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...

Bitcoin Trading Nigeria and El Salvador

Bitcoin: Africa outperforms all continents in trading Bitcoins are a rather strange cryptocurrency that, like all cryptos, is favoured in those countries where not only is having a bank account a privilege or a problem, but it is young people who make money transfers from abroad. This is why Africa is overtaking all other continents....

Central Banks Gold Rush

EU banks selling gold like the years ago.