The Justinian

For newbie forex traders, a mere mention of the term Non-Farm Payrolls (NFPs) brings delusions of grandeur. Fifty points or pips made in 50 seconds, that kind of thing. For stock traders, NFPs stand for fear perhaps more than anything else, as huge market swings can occur before the market open. This leaves most equities […]

The World Gold Council regularly publishes stats on which central banks around the world are owners of gold (you have to register to view the doc, but it’s free). The long and the short of it is that Europeans and the US are far and away the largest owners of the metal overall. A more […]

This is old news but underreported and rather relevant. It seems that, according to a semi-recent survey from the University of Maryland, the French are, to say the least, not fans of capitalism. Not only are most French in doubt about the value of free enterprise, but most have low opinions of both […]

Central bankers, especially in the US and Eurozone, try to be as methodical as possible. The market, however, tends to overreact to near-term news and get out of line with real central bank expectations. Weeks ago, the markets had priced in that the Fed would not hike again, and might even pause prior to the […]