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Mon, 20th February 2017

Anirudh Sethi Report

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Archives of “February 15, 2017” Day

Dollar Extends Longest Winning Streak Since 2012 As March Rate Hike Odds Surge

Following this morning’s soaring inflationary and retail sales data, and following Yellen’s hawkish tone yesterday, March rate-hike odds have soared from below 25% to over 40%. The Dollar Index is extending its recent winning streak on this move – now up 11 days in a row, the longest streak since May 2012.

Rate hike odds are ripping higher as The Fed gets its way of pricing in a March rate hike…

And The Dollar Index continues to rise…

This is the longest USD win streak since May 2012.

  • July 1975 – 11 days in a row
  • Sept 1975 – 11 days in a row
  • May 2012 – 14 days in a row
  • Feb 2017 – 11 days in a row

And notably, if extends to 12 days tomorrow, will be the second longest winning streak in dollar history.

India playing with fire by challenging China over Taiwan, warns Chinese media

Warning India against playing the ‘Taiwan card’, an op-ed article in Global Times said that New Delhi will suffer losses by challenging “one China” policy. 

The editorial titled  ‘New Delhi will suffer losses if it plays Taiwan card’ reminded India that even the new US President Donald Trump has made a U-turn on challenging the ”one China” policy.

“By challenging China over the Taiwan question, India is playing with fire.  At a time when new US President Donald Trump has put the brakes on challenging China over the Taiwan question, agreeing to change course and respecting the “one China” policy, India stands out as a provocateur,” the article said .

“High-level visits between India and Taiwan are not very frequent, so why did India invite the Taiwan delegation to visit at this time?” the article asked referring to Taiwanese MPs delegation. 

It is the first such visit since the Taiwanese President Tsai Ing-wen administration took office, it said. 

Tsai, who won on elections last year is a strong supporter of Taiwan’s independence from China. 

As Le Pen Odds Surge; French Stock Market Risk Hits 5-Year High, Credit Risk Spikes

Marine Le Pen’s French election victory odds reached their highest level of the campaign overnight and it appears global investors are starting to panic-bid protection against the consequences for French stocks…

Oddschecker indicates Le Pen’s incessant rise in popularity…