Japan, sterling & more: Monitor Update

The latest edition can be had here:-

17-06-05 M4 No 3

Including a look at Japanese equities, the US dollar & sterling, the latest US data round, the significance of yield curves, and misconceptions about monetary ‘velocity’.

Courtesy of Cantillon Consulting

A Dollar is What I Need

As what will be an interval greatly shortened by the Thanksgiving Day holiday dawns, traders and investors seem happy to continue where they left off on Friday, buying stocks, selling currencies, and giving bonds a fairly wide berth.

A little respite would not be entirely unwelcome after a period in which we have experienced record setting moves and switches of positioning in the likes of copper – where the latest numbers from the regulator show the non-commercials now boast a tally of net longs only once briefly topped – and that way back in 2003. Continue reading