It never fails to amaze me the number of pundits/analysts/investors who have flooded the airwaves last few days talking about you inevitably increase in the o/n fed funds rate and the expected reaction to the FOMC meetings today.
There was mass confusion yesterday regarding the rumoured take-over by the Iranian navy of a “US” navy vessel, which sent stock prices plunging and gold soaring as the social-media universe was filled with these reports.
Mr. Varoufakis has been criticised for his handling of talks with Greece's international creditors.
The world awaits the list of reforms that the Tsipras government is to put before the “troika” by the close of trading in Europe later today. We’ve truly no idea what reforms Mr. Tsipras shall put forward, but we have no doubt that in the end they will be less than that what the Germans want the Greek government to do and they will almost certainly be disappointing.
Last week, the World’s largest democracy successfully concluded a week long voting process. One of the “promises” made by the new government was to reduce restrictions on Gold. As a matter of culture and lack of faith in banks, a large percentage of the over 1 billion Indian population prefer to put a good portion of their savings into gold jewelry. Indeed, India consumes 25% of the World gold production.
Central Bank Currency Swaps: A threat to FOREX Traders?
Allow me to introduce you to perhaps the real financial puppet master, the Bank of International Settlements (BIS). Now, if this name is not familiar to you, that’s only because they want it that way. Originally founded in 1930 by post World War I victorious nations, the bank was originally meant to manage the war reparations that Germany had to pay; thus the name, “Bank of International Settlements.”