This Major World Currency Is About to Plummet

“I had no place to stay and I wanted the police to take care of me,” said the 79-year-old Japanese woman. She had just slashed two people with a knife so the police would take her to jail.

A “gray” crime wave is sweeping Japan. According to the UK’s Independent, people over 65 years old make up 10% of Japan’s prison population, the highest rate of incarceration for pensioners in the industrialized world. Another source reported Japanese pensioners were responsible for one in seven arrests last year, up from one in 25 a decade ago.

The surge in “senior crime” is so…

NON‐FARM PAYROLLS BETTER THAN EXPECTED BUT STILL PAINT A VERY BLEAK OUTLOOK

The dollar surged against the majors following better than expected payroll data. The EurUsd dropped nearly 200pips to the low range of 1.35, while the UsdJpy fell 100pips finding support near 90. The GbpUsd is flat, trading very closely to its previous close, mostly due in part to the market digesting recent changes in monetary policy. Equity markets are lower in the US and Europe, with the Dow off 1.27% or 100pts and the SPX down 1.58% or 14pts. Bond buyers were back in the market purchasing was heavy in 2yrs driving rates in 6bps at the portion of the…

US SESSION: DOLLAR CLOSING THE WEEK STRONGER ACROSS THE G10

The dollar gained substantially against most of the majors recovering most of this week’s losses. The EurUsd sunk over 360 pips to the high range of 1.38, while the UsdJpy was mostly flat up only 7pips to mid 89 price area. The GbpUsd dropped an additional 160 to the mid 1.48 level, due to several factors including weak economic conditions. Equity markets have traded traded closely to yesterday’s levels with the Dow and SPX virtually unchanged. Bond have given up light ground with 2yr and 10 yr yields higher by 5bps, but remain considerably lower from average levels. The commodities…

US SESSION: FX PRICES DEVIATE FROM RISK AVERSION TRADE, GOLD AN OIL RALLY STRONG

The dollar fell to its lowest levels in seven weeks against the majors displacing the recent trend trading across the financial markets. The EurUsd rose over 300 pips to the low 1.33 price area, while the UsdJpy fell 137pips to the mid range of 91. The GbpUsd gained 245pips to the low 1.50 level, marking the decoupling of the risk aversion trade which has been a consistent theme in the market over the last several weeks. Equity markets performed poorly with the Dow sliding 2.24% or 196pts on weak economic data and delays with the auto sector bailout. Bond yields…

EQUITIES LOOKING AT A NEGATIVE SESSION AS TRADERS SCALE BACK RISK AHEAD OF RATE CUTS

The Dollar and yen hold their stature as safe haven currencies, as investors brace themselves for a selloff in the US trading session. The EurUsd fell 85 pips to the low range of 1.26, while the UsdJpy dropped 140pips finding support near 94. The GbpUsd collapsed 400pips pushing the pair through 1.50 currently trading with a 1.49 handle. Equities in the US declined with the Dow down 360pts or 4.0% and the S&P500 off 30pts or 3.6%. The US followed the trend of the European stock indexes which are also in the red, both the FTSE and the DAX down…