Making sense of these markets – USD up but yields lower, US markets at all time highs again, and news out of China on its reserve requirements

July 9, 2021

Marc Chandler, Managing Partner at Bannockburn Global ForEx joins us to recap the moves in the market this week. We start with the balance between the rising US Dollar and falling yields that was the trend until today. Next up are US markets and even with the weakness throughout the week are pushing higher today to new all time highs, again. To wrap up the interview we look to the 3 central bank meetings throughout the week.

Click here to visit Marc’s blog – Marc to Market.

    Jul 09, 2021 09:26 PM

    Marc reminds me of Howard Marks, he has the gift of talking a lot, but actually saying nothing. In fairness, I did appreciate his view on this Fall and to watch-out for the Delta Variant affects.

      Jul 09, 2021 09:22 PM

      The Most Important Thing, by Howard Marks. A book I bought but never seem to finish reading. Like Econ 303

    Jul 09, 2021 09:13 PM

    Ok…… Basil BS in UK…..
    By Peter Hobson
    Friday, July 8, 2021

    LONDON — A British regulator said today that banks clearing gold trades in London could apply for an exemption from tighter capital rules due in January 2022, removing what some said was a threat to the functioning of the market.

      Jul 09, 2021 09:17 PM

      The London Bullion Market Association (LBMA), an industry body, has lobbied against them, saying they are unnecessary and could force some banks including clearing banks – to stop trading.

      Following a consultation, the Bank of Englands Prudential Regulatory Authority (PRA) said on Friday it had decided to amend its approach to precious metal holdings related to deposit-taking and clearing activities.

      It said it had introduced an interdependent precious metals permission which would reduce the size of the required capital buffer. …

        Jul 09, 2021 09:20 PM

        How does this effect GOLD………. BASIL III……non participation by UK….and of course our friendly LBMA, bull sh**ers naturally do not want to comply……

          Jul 09, 2021 09:21 PM

          and of course , this will give COMEX, the cover…. lol…… what a game…

    Jul 09, 2021 09:53 PM

    Hi Jerry…. You can be sure , there’s a S**T load of money .. ( backhanders payoff’s ) going on between the lbma / comax , & the bullion banks…. to the regulaters to turn a blind eye ……. Same as it ever was….. The tiny hat wearers control the money markets , is it no wonder that the only time JESUS got angry, was when he chased the money changers from the temple.

      Jul 09, 2021 09:56 PM

      PS… I should have wrote , the fake tiny hatters.

      Jul 09, 2021 09:02 PM

      Hello Irish……… Hope all is well……. and you are spot on……..
      Consideration of Basil III., now has a NEW TWIST…….
      but, really no new game change, if , UK ignores…. so, back to the drawing board.