Miami Real Estate
Representing real and increasing value, Miami has some stunning real estate which has long been popular with SGM-FX clients. Novak Djokovic who is not a SGM-FX customer (yet) has just snapped up a $6.4 million apartment at 87 Park which overlooks Miami Beach and is surrounded by a 35 acre park. While Djokovic is as we know sharp as a tack on court, he should convert that Wimbledon success by signing up for a SGM-FX Currency Card for his personal and corporate use- it would go so well in his wallet alongside his Netjets ambassador’s card
Greece
Taking advantage of the latest sharp drop in global government bond rates generally and European government bond rates particularly, Greece mandated 6 international banks to get a new 7 year bond away for the Republic. This latest offering reflects a remarkable rehabilitation for Greece which at one point looked a hopeless financing case. On the subject of value, having recently returned from business trips to both Greece and Germany, it is apparent which represents better value to the business or leisure traveller…and it’s not Germany!
Crypto Versus Wimbledon
Market watcher James has been keeping us entertained at SGM-FX HQ with his commentary on Bitcoin (BTC) and its journey this year from a start in January below $4,000 to a doubling in June to $8,000 before soaring to $12,500 later in the month before crashing back to $10,500. So far in July it’s bounced back to $12,500 before failing to break through that level and ….today crashing back below $10,000. Watching James watching that chart is almost as entertaining as watching the Wimbledon crowd following the exchanges between Federer and Djokovic……….almost
Discussion and Analysis by Humphrey Percy, Chairman and Founder
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Japanese Yen With JPY at a new 34 year low versus EUR, the market is set for an ambush by the Bank of Japan if it acts today at the end of their Policy Meeting to support the Yen. The reason that the market is susceptible is because it has convinced itself that the BoJ […]
Milan, Italy The City of Milan has a late night noise problem and so it has acted unilaterally to resolve it-Italian style. A ban on the sale of take away food including ice cream and pizza after midnight is being imposed to protect the “peace and health of residents.” Here in the UK late night […]
British Pound Reports that the UK may cut its interest rates before the USA cut their interest rates were the final straw this past week for Sterling. A slew of less than helpful inflation, employment and finally retail sales saw GBP weaker , but then the suggestion that with the background of that less than […]