The Federal Reserve announced on the 20th September that it would begin its multi-trillion Dollar balance sheet reduction as planned, starting October 2017.
The Euro has been one of the star performers of 2017. We will now try to determine its main drivers of strength, as well as its potential outlook going forward.
Global bond markets have experienced a monstrous multi-year rally, mainly fuelled by unprecedented easing in central bank monetary policy. Most major central banks have engaged in Quantitative Easing and ZIRP/NIRP since the global financial crisis. As a result leverage and risk-taking were greatly encouraged, as the cost of funds became extremely cheap. This led to […]
The EURGBP has been moving higher since the middle of April but we have good reasons to believe that upside momentum has stalled and in fact we are reversing lower.
Gold and Silver are assets which have been of great importance for thousands of years. Up until a few decades ago, gold was explicitly linked to currencies (such as the US$) and was broadly used as money.
Turkey is certainly a very interesting and, at times, controversial country. As a result the Turkish Lira can exhibit very volatile behaviour, something that has been particularly evident over the past decade.
It was on this blog that we posted on the 22nd of January a post called “USDMXN: Multiple signs point to a reversal” and predicted that the USDMXN was finally about to reverse the 3.5 year old wild uptrend that brought it up, all the way to the 22 handle.
Since last year’s UK referendum, Sterling has been the subject of heated debate among market participants and observers. GBP volatility has remained elevated and moves have been knee-jerk to say the least. We are going to have a look at the EUR vs. GBP pair in particular, in an effort to make sense of what’s […]
US Equity markets have been in a prolonged, near straight-line rally for almost 8 years now. This rally started after the 2007-2008 financial crisis and has been relentless in momentum,