Featured post

Graphic content – April; US loan growth is not painting a pretty picture for the US economy

12th April 2017

One of the current big debates in global financial markets is whether investors should believe ‘hard’ rather than ‘soft’ data, where the usually reliable business and consumer surveys have been suggesting strengthening in global growth momentum for some time now, while the economic... Continue reading

Graphic content – March; Federal Reserve hike means Treasury sell-off? Actually, historically, quite the opposite.

14th March 2017

The chart below‎ demonstrates the change in US 10-year Treasury yields in the run-up to a Federal Reserve (Fed) hike, and what then... Continue reading

Do current TARGET2 liabilities mark the end of the Eurozone, or will they help hold it together?

21st February 2017

As another year of important elections looms, Europe remains a focal point. Downplayed concerns over the possibility of a Le Pen victory are... Continue reading

Chinese real estate wobble suggests growth slowdown ahead

6th February 2017

Western democracies have garnered most of the attention of markets over recent months, but China’s economy remains a key input – and risk... Continue reading

Graphic content – February; The Rise of Populism – Looking beyond inequality

1st February 2017

The recent rise of populism in developed economies looks set to continue, and perhaps even grow further. Upcoming elections in Europe will reveal... Continue reading

A tough start for 2017 consensus trades

18th January 2017

Every year, starting around November, investment banks (and fund managers) begin to drip out their 2017 outlooks for currencies, rates, economies, you name... Continue reading

Graphic content – January; the US dollar is now a ‘risk on’ currency

11th January 2017

The perception of the US dollar is that it’s a safe haven currency; when things go wrong in the world, you want to... Continue reading