Tag Archives: forex

Europe’s year of change depends on its voters

Beyond the depressing, backward-looking policies that the Brexit vote and the election of Donald Trump as US president seem to have brought, there is a ray of hope.

People elsewhere in Europe, seeing the first ugly consequences of populism, might find enough motivation to go to the polls in elections just to try to keep populists out of government. I am talking about the decent people who are tired of politicians but aren’t seduced by the populists’ siren calls.

Continue reading

Politics are back and spoiling Mario Draghi’s good work

Politics are back in play in most of Europe, and this doesn’t bode well for central bankers. Even the almighty European Central Bank had a moment of weakness last week, when it broadcast a message so complicated to markets that it should not be surprised it fell wide of the mark.

Continue reading

Post Brexit, loss of ‘coolness’ is the hardest to price in

The way the markets have reacted to Brexit, you’d be forgiven to wonder what the fuss was all about.

Continue reading

ECB announcement breathes life into debt funds

The European Central Bank helped credit as an asset class, and of course corporate bonds within it, become attractive to investors again.

Continue reading

The euro is believed to be at its cheapest since April 2003

The euro is at its cheapest since April 2003 following the European Central Bank’s various monetary easing measures, according to a survey of fund managers by Bank of America Merrill Lynch.

Continue reading

Bearish sentiment abounds; coordinated market intervention next?

Bearish sentiment abounds in financial markets, and the contrarian “buy” signals intensify. And yet, few analysts have the courage to say the correction/bear market is over and this is the time to jump into the market.

Continue reading

Either rally, or recession and debt default: investor survey

An investor survey showed such “unambiguous pessimism,” that either risk assets are ripe for a rally or the markets are positioning for a recession and/or an imminent debt default, according to Bank of America Merrill Lynch research, which carried out the survey.

Continue reading

The most overcrowded trade of the month

Being long US dollar is the most overcrowded trade for August, while this month the pound is the most overvalued since November 2008, a survey of fund managers showed.

Continue reading

Hedge funds turn bearish on emerging markets

Hedge funds have turned bearish on emerging markets on a medium-term outlook, a recent survey of investors showed.

Continue reading

Emerging markets currencies outlook for Q2

Emerging markets currencies will be one of the most affected asset classes when the Federal Reserve starts to hike interest rates, but actually some of them stand to benefit.

Continue reading