“We’ve heard comment running the gamut from “everyone is petrified†to “should be a happy time for risk.â€
Category: brexit
Guest Post: “Giddy Up – Sometimes Trades Are This Simple”
“Be careful assuming that elections are bad news for a nation’s currency. In this case, it is the exact opposite.”
Hey! I Know May Stole The Show But Don’t Forget Iron Ore Is Collapsing
It was a sharp move lower in iron ore that weighed on risk sentiment overnight as futures dropped 3.7%, following a nearly 2% move lower on Monday.
Theresa May Calls Snap Election In UK After Getting Sick Of “Game-Playing”
“It should be really bad but the most striking thing is, it isn’t really bad. She will have a glass of wine on a Friday night and go to bed perfectly relaxed because there is simply no effective opposition.’’
Presenting Your Ultimate Visual Guide To A Long Ass Brexit
To be sure, we’ve all had a long time to prepare for Brexit. So long, in fact, that I no longer have to put the word Brexit in scare quotes. Thanks to the infinite wisdom of Nigel Farage (and a whole bunch of people who, based on Google Trends, didn’t have any idea what the EU was before they voted to leave it), Brexit is now a real proper noun.
Volatility Collapses (Again) As Investors Cling To Goldilocks Outlook On Brexit Wednesday
It’s quiet out there. Well, except for that whole UK officially leaving the EU thing.
Happy Brexit Day! Prepare For “Perilous Journey Ahead”
“This will be like knowing you’re going to be pushed off a cliff edge, preparing for the worst, and then landing on a ledge just below. It doesn’t mean you won’t ultimately plummet to your death, but there’s the relief of an unexpected opportunity to save yourself.”
These Charts Say We May Be Long Overdue For A “Flight To Safety” Episode
As explained in these pages exhaustively, last month’s “Holy Schatz” moment that saw the front
Currency That Can “No Longer Fall On Bad News” Falls On Bad News
Well, we don’t want to rub it in or anything, but we’d probably be remiss
One Trader Wants To Know Why You’re Still Short Sterling; Goldman Answers
“When will the doom-mongers just admit they were wrong, rather than constantly revising their Armageddon dates? “
“What Blizzard? It’s A Couple Of Flakes”: Markets In Cryosleep Ahead Of Snow, Fed, Geert
Welcome to day 2 of 2 in the pre-Fed, pre-Dutch election market cryosleep. Overnight we
The First Week Of The Rest Of Your Life
Welcome to the first week of the rest of your life. By now you all
Inside Steve Bannon’s Quest For World Domination
“The European Union project has failed,†Farage declared. “It is doomed, I’m pleased to say.†“It’s a great accomplishment,†Bannon said. “Congratulations.â€
“What Are Your Biggest Concerns?” Bank Of America’s Clients Respond
Those who frequent these hallowed pages are well aware that when it comes to event
Political Ping Pong, A “Pounding,” And A Market Awaiting Trump
Well, we start in FX land on Monday morning and as has become the norm
Chart Check: Brexit Versus Le Pen
Is Le Pen “mightier” than … err… Le Brexit?
Dear Sterling: It Would Be Best If You Just Accepted Your Fate
Now days, the best way forward for the currency that Deutsche Bank suggested may soon become “irrelevant” may be for lawmakers to simply roll over and choose the path of least resistance.
Currency Markets In Turmoil: A Pocket Guide For The Week Ahead
As political risk continues to dominate the headlines (even as US equities steadfastly refuse to
Top Strategist: Macro Is Running The Show And You “Should Not Be Surprised”
“Investing is macro and macro is geopolitics. If you don’t get that, you’re going to be perpetually behind the curve going forward.
The Market Hates It: British Pound “Pounded” As Brexit Reality Sets In
You can talk all you want about how the world needs a clean break with the established order and how populism and nationalism will represent a return to some bygone era of pride and prosperity, but the market hates it. Every single last bit of it.
More Wednesday Humor (“Brexiteers”)
“He’s lying to you”…
Daily Kickstart (Japan Battles Bond Markets, Mexico/Turkey Battle FX Traders, May Meets W/Trump)
As is rapidly becoming custom, we start with FX markets, where the USDJPY rose again,
One Bank’s Bold Prediction For € Credit
Needless to say, I’m a big believer in the idea that the market isn’t properly
Daily Kickstart (“Bigly”)
Making stocks great again.
Thanks Populism: Brexit May Make British Pound “Irrelevant”
“To the extent that reserves serve as backstops against currency stress, rather than as sovereign wealth, the pound’s diminishing role in international capital flows post-Brexit should permanently reduce its reserve status.”
Daily Kickstart (Dollar In Focus As UK Court Rules; Lira Plunges)
On Monday evening I said I’d likely find myself talking about the dollar again first thing
Caption Contest (Brexit Edition)
Staring contest…
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