With oil at $68, Russian FX reserves at/near all-time highs while Russian foreign debt, in USD, at 12+ year lows...
Source: Macrobond
Just in 🔉 Reuters sources: China's leading legislative body weighs approval of new fiscal package exceeding 10 trillion yuan ($1.4 trillion dollars) on November 8
Sources: China intends to approve raising new 10 trillion yuan debt through special treasury and local government bonds in upcoming years. fiscal plan to allocate 6 trillion yuan for local government debt and up to 4 trillion yuan for idle land and property acquisition. China could unveil enhanced fiscal measures if trump secures U.S. presidency.
U.S. Dollar dominates global payment network swift
Source: Statista
Walking into work this morning with $BTC trading above $71,000
Source: Trend Spider
Bitcoin Breaking 1st Important Resistance
Bitcoin (XBTUSD) is breaking the 70,000 resistance level! This marks the first confirmation of the end of a 7-month consolidation phase. Next level to keep an eye on is 73,798. Source: Bloomberg
Investing is risky. Not investing is riskier.
Source: Brian Feroldi
An image is worth 10,000 words...
The Trump trade visual (Republican basket index in red, Democrats basket in blue) Source: Bloomberg, GS, RBC
This graphic, via Visual Capitalist's Kayla Zhu, visualizes the share of exports and imports that move through the Taiwan Strait, broken down by the G7 and BRICS countries.
With China continuing to conduct military drills near Taiwan, as well as recently reaffirming that use of force will always remain an option to bring Taiwan under its control, concerns have grown over how potential Chinese actions in the region could impact global trade through the Taiwan Strait.BRICS countries overall are more exposed to disruptions to trade routes in the Taiwan Strait, specifically China, the United Arab Emirates, and Iran. The latter two have 24% or more of its exports pass through the strait. China and Japan are the most reliant on the Taiwan Strait for both imports and exports, specifically imports. Almost a third of both countries’ imports pass through the Taiwan Strait. Source: Visual Capitalist, www.zerohedge.com
