Dr. Mark Thornton, John O’Donnell and Merlin Rothfeld talk about the “Chicago Plan” and how it might make our markets more stable by not permitting fractional reserve banking. The trio also discuss Oil, the US dollar, Mises.org and the Austrian School of Economics.
Editors’ Picks
EUR/USD trades close to recent tops around 1.1580
EUR/USD is holding its ground and edging closer to the key 1.1600 level as the week wraps up. The pair’s rebound has gathered momentum thanks to continued weakness in the US Dollar, which came under extra pressure after the preliminary U-Mich Consumer Sentiment reading fell short of expectations for November.
GBP/USD flirts with multi-day highs near 1.3160
GBP/USD has turned higher, climbing to fresh weekly highs above 1.3160 on Friday. Cable’s strong rebound comes as the US Dollar loses further momentum following a disappointing round of US data releases.
Japanese Yen retreats further from week high against rebounding USD
The Japanese Yen retreats further from an over one-week high touched against a rebounding US Dollar earlier this Friday amid the uncertainty over the timing of the next interest rate hike by the Bank of Japan. Investors now seem convinced that the BoJ could resist policy tightening amid Japan's new Prime Minister Sanae Takaichi's pro-stimulus stance and signs of cooling private consumption in Japan.
Editors’ Picks
EUR/USD trades close to recent tops around 1.1580
EUR/USD is holding its ground and edging closer to the key 1.1600 level as the week wraps up. The pair’s rebound has gathered momentum thanks to continued weakness in the US Dollar, which came under extra pressure after the preliminary U-Mich Consumer Sentiment reading fell short of expectations for November.
GBP/USD flirts with multi-day highs near 1.3160
GBP/USD has turned higher, climbing to fresh weekly highs above 1.3160 on Friday. Cable’s strong rebound comes as the US Dollar loses further momentum following a disappointing round of US data releases.
Gold looks bid around the $4,000 region
Gold is holding onto its daily gains near the key $4,000 mark per troy ounce at the end of the week. The yellow metal’s recovery has been supported by a softer Greenback and a widespread pullback in US Treasury yields.
Dogecoin rebounds as Bitwise ETF could launch in 20 days
Dogecoin trades above $0.1600 on Friday, stabilizing after a rough start to the week. Eric Balchunas, a Bloomberg ETF analyst, shared that the Bitwise Dogecoin spot Exchange Traded Fund could launch 20 days after the 8(a) form filed on Thursday.
Week ahead – With the treats potentially over, is risk sentiment about to be tricked?
Risk appetite has not fully enjoyed the treats of a Fed rate cut, strong earnings and trade peace. Fedspeak, the US Supreme Court and US data could challenge the Dollar’s current strength. Aussie and Pound are on divergent paths as respective central banks meet next week.
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