Archived IMT (2009.07.10)
I was giving a course on Intermarket Cyclical Analysis for the past 5 hours for our London attendees so was unable to provide more frequent updates. While the mainstream media is increasingly focusing on the latest probing lobs in international currency diplomacy (China, France & Germany), FX traders are focusing more on the latest evidence of risk aversion (tumbling oil, falling yields and retreating equities). Yesterdays yield spike in UK gilts looked more of an aberration to a Bank of Englands decision (not to announce extra asset purchases scheme) that would almost inevitably be changed when the BoE is forced to renew the scheme next month. W'e're back to the risk aversion play as predicted throughout the past 3 days.
5 Near-Term Themes
by Adam Button | Jan 17, 2020 18:02
Ashraf in Dubai Jan 22-24
by Ashraf Laidi | Jan 17, 2020 14:20
Fear Crushed by Retail Sales & Round 1
by Adam Button | Jan 16, 2020 18:31
Sell the Fact or Sell the Economy?
by Adam Button | Jan 15, 2020 12:42
Markets Hesitant as US Makes Nice
by Adam Button | Jan 14, 2020 12:52