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EURUSD 1.1118 |
USDJPY 109.35 |
GBPUSD 1.3334 |
AUDUSD 0.6874 |
USDCAD 1.3172 |
GBPJPY 145.81 |
EURJPY 121.57 |
AUDJPY 75.16 |
CADJPY 83.00 |
Silver 16.92 |
As far academic books:
"Animal Spirits" by Shiller.
"Depression Economics" by krugman.
“The Only Game In Town: Central Banks, Instability and Avoiding the Next Collapse” by El Erian
nextSignals,
Not sure how long the safehaven to USD will last if a new crisis prompts the Fed into easing. Remember: unlike in 2007-08 when the tightening was led by the Europeans and EMs, the Fed at the time was in neutral mode. Today it's the opposite: Fed is in tightening move (if you can call it that) & rest is in easing.
Ashraf
Until ongoing worries about the Yuan subside, macro data improves, and credit spreads narrow, I would imagine that asset allocation models should favor cash, fixed income, and currencies.
In addition to short-term trading of FX spot and crosses, how would you feel about allocating capital to the USD and Yen via the ETFs UUP and FXY?