Category Archives: Currency

Daily Risk Monitor – September 9

Posted on September 9, 2014 by macromon

Click on table to enlarge and for better resolution (click here if tables are not observable)

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Argentina’s informal currency market – Economist

Posted on February 21, 2014 by macromon

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

Posted on February 19, 2013 by macromon

(click here if chart graphic is not observable)

Posted in Currency, Energy | Tagged , , , | 8 Comments

The Big Mac Index – Buy India/Sell Norway

Posted on January 31, 2013 by macromon

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

Posted on January 17, 2013 by macromon

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 →

Posted in Currency, Japan | Tagged , , , | 1 Comment

Euro testing key support

Posted on November 3, 2012 by macromon

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 →

Posted in Currency, Euro | Tagged , | 1 Comment

The Ideal Portfolio: Gold, Sugar, Bunds & Francs

Posted on July 2, 2012 by macromon

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

Posted on March 21, 2012 by macromon

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 →

Posted in Black Swan Watch, Commodities, Currency, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment

Ugly Chart Contest: Safe Haven Swan Diving

Posted on March 19, 2012 by macromon

There’s something happening here What it is ain’t exactly clear…. Everybody look what’s going down – For What It’s Worth – Buffalo Springfield,  circa 1967 The former safe havens – U.S. treasury bonds, gold, and the Japanese yen — have … Continue reading →

Posted in Black Swan Watch, Bonds, Currency, Dollar, Economics, Gold, Japan | Tagged , , , , , | 2 Comments

Chart of the Day: Dollar Top or Breakout?

Posted on January 8, 2012 by macromon

Tough to bet on a triple top here.  Looks like 82.60 is the next key level, which is the .618 fib retracement of the June 7, 2010/May 2, 2011 move. (click here if chart is not observable)

Posted in Currency, Dollar | Tagged , , | 1 Comment