Category Archives: Currency

2017 First Half Key Takeaways

Posted on July 2, 2017 by macromon

Bonds  Big outperformance by local emerging markets and Euro periphery in first half.  Last week was pivotal as some bonds gave back almost entire year due to ECB hawkishness.  Watch this space.  More big moves here will determine asset trading … Continue reading →

Posted in Bonds, Commodities, Currency, Equities, Uncategorized | Tagged , , , , | 9 Comments

Talking ’bout Mexico – JT

Posted on February 7, 2017 by macromon

So King David at thinkinthemorning.com sends over an article showing U.S. stocks with revenue exposure to Mexico.   Starts us thinking about who is smarter,  equity traders or currency traders,  who follows who,  or who is fooled by randomness? . … Continue reading →

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Almost All World’s Currencies Undervalued

Posted on January 27, 2017 by macromon

We’ve put together a couple of tables showing the undervaluation of the world’s currencies based on their 2016 purchasing power parity against the U.S. dollar. The Purchasing-power-parity (PPP) between two countries is the rate at which the currency of one … Continue reading →

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How Are Those “Crowded Trades” Doing?

Posted on January 17, 2017 by macromon

We take a look here at what BofA/Merrill Lynch has surveyed as the “most crowded trades” in the market.  Most are taking on water as the crowd is leaning to the same side of the boat. Big losses for Japanese … Continue reading →

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Cheap Big Macs Around the World

Posted on January 13, 2017 by macromon

Turkey, the UK , and Mexico (“undervalued by a whacking 55.9% against the greenback”) have gotten much cheaper over the past year. The Big Mac index is built on the idea of purchasing-power parity, the theory that in the long … Continue reading →

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Looser policy but a stronger euro – FT

Posted on April 19, 2016 by macromon

The European Central Bank has sent bond yields tumbling through its attempts to stimulate the eurozone economy. Dan McCrum explains why, compared with the US, policy is not as loose as it may seem, and how the euro could strengthen … Continue reading →

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Brexit and the euro | Short View – FT

Posted on February 23, 2016 by macromon

Roger Blitz looks at how the timing of the UK’s EU referendum risks hurting the euro and the EU. For more video content from the Financial Times, visit http://www.FT.com/video (click here if video is not observable)

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Crucial week for currencies – FT

Posted on June 2, 2015 by macromon

The dollar’s strength is the foremost factor in currency markets, with the Fed expected to be the first major central bank to raise rates. The FT’s Roger Blitz and Ralph Atkins discuss the impact of this week’s data and two … Continue reading →

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Waves crash in forex – FT

Posted on March 24, 2015 by macromon

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

Posted on January 15, 2015 by macromon

(click here if video is not observable)

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