“Should a synchronous recovery take hold, we believe dollar weakness would be bullish for USD oil prices. While micro supply/demand fundamental oil balances still point to higher oil this summer, oil could soon sing “Vive la Franceâ€. We retain our $70/bbl end-of-June target for Brent.”
“This was inevitable at some point. Removing market- supportive measures is a good indication that the recovery in the U.S. is on track.” Whatever you say…
In the lead up to the release of the Fed minutes, stocks were buoyant as
Having spent Monday contemplating how and why traders have lost their confidence, Tuesday explaining that
“Although certainly not cheap, US equities maintain a backing from new US economic policy, given the agenda to boost growth (corporate tax cuts, infrastructure spending, tax rebates for offshore cash repatriation) and scale back of regulations in key sectors.”
There’s been no shortage of speculation about whether the Fed “got what it wanted” out
Those who frequent these hallowed pages are well aware that when it comes to event
So obviously it was a relatively quiet overnight session as the entire world focuses on
Think back to last month. I know that’s really f*cking hard because with Trump in
Well, we start in FX land on Monday morning and as has become the norm
As you probably know, Donald Trump is going to address Congress on Tuesday and as
This is probably a decent time to start asking yourself if the narrative still makes
He doesn’t have a long, white beard. He doesn’t wear a robe or a pointy
So we got a hawkish Yellen on Capitol Hill. Or did we?
So you know, the percentage of the European population that’s still sane (and that’s an ever dwindling number apparently) would have really appreciated it if Trump would have just been satisfied with the damage he’s already done rather than piling it on by dispatching Peter Navarro to weigh in on the legitimacy of the common currency.
Well it’s all about USDJPY on Monday. Of course if you’ve traded these markets professionally
“While globalisation is by no means the only factor behind the increase in inequality, it is easy to exploit politically”…
Well, Donald Trump and Japanese PM Shinzo Abe held a joint news conference a couple of
Perhaps fearing some kind of Erdogan-esque reprisal from the White House, the Fed pussyfooted its
They want to normalize, but they need to figure out how to do so in a way that doesn’t lead to “excessive” dollar strength lest they should all end up getting purged for treason Erdogan-style.
But as far as markets are concerned, the new administration’s FX policy is just as crazy. In fact, that statement is itself crazy. That is, the fact that the new administration has a discernible “FX policy” is nuts. And this isn’t some “well it would be nice if…” kind of thing.
Given the distinct possibility that global trade and commerce is about to be completely upended by an unhinged real estate developer with delusions of grandeur and his cabinet of billionaires, it isn’t any wonder that when Goldman asked fund managers what they were concerned about, geopolitics and global trade topped the list.
The Ringling Bros. may have pulled up the stakes for good, but the circus is in town today in Washington, complete with all of the usual attractions including an orange elephant, who at 12 noon will “trump”et to an awestruck crowd.
“Investors appear to be struggling to reconcile the policies of President-Elect Donald Trump with those of candidate Donald Trump”…
Ok look, it’s anyone’s guess where yields are going to be in 12 months. Rates
I’ll take the under.
“If investors were left disappointed on details relevant to the economy and policies, it’s because no one raised the issues in any substantive way.”
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