Last week’s Nonfarm Payrolls print – and the subsequent market reaction – made me think about US equities and how their behaviour has changed over the years following the 2008 global financial crisis. Let’s first take a step back and remember how things used to work prior to 2008, regarding the relationship between economic data […]
With Italy frequently dominating the headlines in the recent weeks, it’s a good idea to take a macro look at the Eurozone: its origins, some aspects of its structure, and what dangers it might face in the near future.
2018 is nearly upon us and the past year was certainly full of interesting events. Potentially dangerous political events in the EU – such as the French & German elections and the Catalan independence referendum – were safely navigated.
The US Dollar has experienced a prolonged and material decline in 2017. The DXY index has dropped from 102.80 (2nd January) to 91.33 (8th September), which roughly represents an 11% loss.
The Bank of England’s Monetary Policy Committee met last week and there were some interesting developments. We will try to sieve through the plethora of information and pick what we think were the salient points.
Canada is an important G7 country with a quite particular economy. It’s a net exporter of energy and tends to be viewed by the market as an oil-dependent economy. As oil started to plunge in late 2014, the Canadian Dollar followed suit and weakened substantially – vs the USD it climbed from roughly parity to […]
The US Dollar has always been a very interesting and influential currency. After all, it’s the world’s reserve currency and the majority of all transactions on the planet are made using dollars. The dollar tends to run in long-term trends and the past 12-18 months of broadly sideways action suggest that it’s consolidating before the […]
Anyone who is trading crude oil or USD/CAD should be aware of the important correlation between them. We know that if oil price rises then the Canadian economy benefits as they own considerable oil reserves (third only to Venezuela and Saudi Arabia). Furthermore, let’s not forget that the USD will likely drop in value if oil prices rise, and […]