Category Archives: Currency

Waves crash in forex – FT

Currency markets have gone back to the 1980s in terms of big moves. Simon Derrick, chief currency strategist at BNY Mellon, tells the FT’s Ralph Atkins how Europe’s negative rates have boosted riskier assets and created ever bigger forex waves. … Continue reading

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Why the end of the Swiss ceiling? – FT

(click here if video is not observable)

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Daily Risk Monitor – September 9

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Argentina’s informal currency market – Economist

Florida street in Buenos Aires has become a popular destination for Argentine savers wanting to buy American dollars which, unlike their own currency, hold their value –  Economist  (click here if video is not observable)

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Chart of the Day: Components of the Gas Price

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The Big Mac Index – Buy India/Sell Norway

The Economist is out with their Big Mac Index of currency valuations.  The Big Mac index looks at foreign-exchange rates based on the theory of purchasing-power parity (PPP),  the notion prices/exchange rates should adjust over the long run, so tradable goods … Continue reading

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Dollar-Yen Trades Above 90

The dollar/yen traded with a 90 handle today its highest level since June 2010.   Probably the most popular macro trade of 2013,  the move has been supercharged by the country’s deteriorating balance of trade and expectations the Bank of Japan … Continue reading

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Euro testing key support

The Euro$ is sitting right on top of its 200-day moving average at 1.28237.   The chart shows this is an important level as it has provided support over the past few months and once breached usually leads to sustained weakness. … Continue reading

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The Ideal Portfolio: Gold, Sugar, Bunds & Francs

Imagine your investment adviser proposing a sweetened barbell portfolio of gold, white sugar, Swiss francs, and German bunds in 2007 with a 5-year time horizon.   You would of likely canned the wacko faster than they sold Nike stock last week. … Continue reading

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Debt and the New World Order

The IMF does a good job interviewing Phillip Coggan, the columnist for the Economist, on his new book,  Paper Promises: Debt, Money, and the New World Order.  Good stuff! DEBT AND REFORM Debt Can Reshape Current Economic, Political Order—Coggan IMF … Continue reading

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