Straight Forex Makes the World Go 'Round

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 7 September 2022

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Institute for Supply Management reported today that its services index ticked up to 56.9 in August from 56.7 in July, expanding for the 27th consecutive month and catalyzing a “good news is bad news” leg of the recent equity selloff. It looks like investors are pricing in a higher probability of a 75-basis-point rate hike when the Federal Open Market Committee meets in two weeks. The U.S. dollar is pushing out to multi-decade highs against multiple counterparts, including the Japanese yen and the euro. And the greenback is at all-time highs against the British pound, as the new U.K. Prime Minister Liz Truss steps into Number 10 as well as a raging energy crisis. And with the People’s Bank of China taking more aggressive steps to defend the yuan against depreciation, now is a good time to understand what’s happening in foreign exchange markets. Weston Nakamura, Real Vision’s man on the ground in Asia, joins Maggie Lake to talk about what we can learn from forex, perhaps the purest market on the planet. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hey everyone, if you like this podcast, you should check out the full finance journey at
0:07.8	realvision.com slash RVPod to get the full view of what real vision is all about.
0:12.8	A video on demand platform, you can watch anywhere.
0:16.2	Our members get daily videos and analysis, plus access to more than 3,000 videos for beginners
0:21.4	and experienced investors alike, and live events online.
0:25.2	You'll join the most thoughtful community in finance.
0:28.0	Within 300,000 people who trust real vision to be the anchor to truth in the financial
0:32.4	world.
0:33.4	To get started, visit realvision.com slash RVPod.
0:36.6	Use the promo code podcast 10 to get 10% off our essential membership for your first
0:41.4	year.
0:42.4	Enjoy the show.
0:53.2	Our investors paying enough attention to the Forex markets.
0:56.2	Hi everyone.
0:57.2	Welcome to the real vision daily briefing, Weston Nakamura, our global markets editors here
1:01.2	are this today.
1:02.2	And he is adamant that we are definitely not paying attention enough attention to currency
1:07.2	markets.
1:08.2	Hi, Weston.
1:09.2	Hi Maggie.
1:10.2	And I wouldn't necessarily accuse or say that, but I am saying that we should probably
1:17.2	be paying more attention than we are.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Real Vision, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Real Vision and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.