I track long-term relative momentum for lots of ETFs. In the international group, CurrencyShares Japanese Yen (FXY) popped up strongly this past week. The last time it climbed out of the bottom and to this level was July 2015. A month later China devalued the yuan.
What's going on right now? The Hong Kong dollar is approaching the limits of its peg.
Q1 GDP Tracking: Movin' on Up
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From BofA:
Since our update last week, *1Q GDP tracking is up two-tenths to 2.1% q/q
saar*. [Apr 19th estimate]
emphasis added
From Goldman:
We left ou...
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