Join more than 165,000 subscribers and keep yourself informed with the latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
An account already exists for this email address, please log in.
The charts that matter: gold and bitcoin both slide
Gold and its modern counterpart, bitcoin, both sold off this week. Here’s what’s happened to the charts that matter most to the global economy.
This week on the cover of the magazine, we take a look at the lorry-driver shortage, explaining where all the drivers have gone, what the consequences are, and what it means for your money.
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
This week’s “Too Embarrassed To Ask” video explains what “stagflation” is (a nasty combination of economic stagnation and inflation which might be rapidly becoming more pertinent today). Watch the whole thing here (it only takes a couple of minutes).
And in this week’s podcast, Merryn’s joined by Anna Macdonald of Amati Global Investors. She has a particular passion for UK small-cap stocks, and explains to Merryn just how she goes about finding the companies that she hopes will be the blue-chip stocks of tomorrow. Listen to the episode here.
Here are the links for this week’s editions of Money Morning and other web articles you may have missed:
Gold sold off after a spike at the end of the previous week.
(Image credit: Gold price chart)
(Gold: three months)
The US dollar index (DXY – a measure of the strength of the dollar against a basket of the currencies of its major trading partners) halted its decline.
(Image credit: US dollar index chart)
(DXY: three months)
The Chinese yuan (or renminbi) again saw very little action (when the red line is rising, the dollar is strengthening while the yuan is weakening).
(Image credit: USD/CNY currency chart)
(Chinese yuan to the US dollar: since 25 Jun 2019)
The yield on the ten-year US government bond ended the week more or less where it started, after an earlier sharp rise was reversed.
US weekly initial jobless claims fell by 35,000 to 310,000. The four-week moving average fell by 16,750 to 339,500. Meanwhile, the nonfarm payrolls figure for August, released last Friday afternoon, was far weaker than expected.
(Image credit: US initial weekly jobless claims chart)
(US initial jobless claims, four-week moving average: since Jan 2020)
Join more than 165,000 subscribers and keep yourself informed with the latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
