WEEKLY MARKET DIGEST: A TRILLION DOLLARS MAY MOVE TO CHINESE YUAN IN THE COMING WEEKS $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) YUAN AND YEN PUSHING HIGHER, ZERO INFLATION IN EUROZONE October 30, 2015 Overnight Bank of Japan held its fire contrary to the expectations. The result is yen is pushing higher. Also overnight, Chinese yuan rose most since 2005. This was prompted by PBOC indicating that it may ease capital controls. In our analysis, these moves by China are designed to impress IMF to make yuan a reserve currency. In Eurozone CPI came at 0.0% year