Tag Archives: Currency

Charts That Count: Another China Crisis? – FT

Posted on July 19, 2018 by macromon

China’s currency has devalued sharply against the dollar in recent weeks. The last time China surprised the markets with a devaluation, in the summer of 2015, it prompted a global sell-off of risk assets. John Authers discusses why China’s currency … Continue reading →

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Week In Review – Data Only

Posted on December 9, 2017 by macromon
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Two signals from China – FT

Posted on August 13, 2015 by macromon

After a wild day of trading on world markets, John Authers suggests that the yuan’s appreciation late in the day may have sent a more important signal than its earlier devaluation. ► Authers’ Note: http://bit.ly/1Liu16x (click here if video is … Continue reading →

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Beggar Thy Neighbor’s Stock Market

Posted on February 17, 2013 by macromon

Interesting chart which we suspected and all knew that, thus far, the 2013 macro equity trade x/ U.S. has been to be long those markets where the home currency is weakening against the dollar.  The red regression line illustrates this … Continue reading →

Posted in Equities, Monetary Policy | Tagged , , , , , | 2 Comments

Russian Rouble Tumbles With Oil Prices

Posted on June 2, 2012 by macromon

(click here if video is not observable)

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Week in Review

Posted on February 21, 2011 by macromon

As we suspected, emerging equities bounced nicely last week with Brazil and Hong Kong leading the major indices, both up over 3 percent.   Developed equity markets continued to move higher with France now up close to 10 percent for the … Continue reading →

Posted in Apple, Bonds, Charts, Crude Oil, Currency, Equities, Week in Review | Tagged , , , , , , | 3 Comments

All Things Correlated: Stunning Aussie$/S&P 500 Relationship

Posted on October 20, 2010 by macromon

A good friend in Singapore, who is one smart dude, and former head of Goldman Sachs’ Asia asset management, pointed out the S&P500 trades almost tick for tick with the Euro and the Aussie currencies.    This is reflected in the … Continue reading →

Posted in Currency, Equities | Tagged , , , | 13 Comments

Fed creating “grave distortions” – Brazil Central Bank

Posted on October 18, 2010 by macromon

Brazil is considering additional measures to keep the Real from appreciating  any further.  We like the Economist’s Big Mac Index, which is based on the concept of purchasing-power parity, to get a sense of the over/undervaluation of a currency.  The … Continue reading →

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Breakup of the Euro isn’t unthinkable – Peer Steinbrueck

Posted on October 4, 2010 by macromon

Peer Steinbrueck, who served as finance minister under Angela Merkel from 2005 to 2009, has published, Unterm Strich (“On Balance”), his insider view of the financial crisis. It looks to be a fascinating read.  Bloomberg has a great first look: … Continue reading →

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The 10-year sets sail for 2 percent…

Posted on September 28, 2010 by macromon

The 10-year closed at 2.46 percent today, a 20-month low,  on the back of weak consumer confidence.  Bond buyers and traders hear the horn of QE2 and anticipate a  [Kentucky] FED take-out at higher prices. Stocks up,  commodities x/grains up,  … Continue reading →

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