risk

From the BBH Currency Strategy Team. Highlights The US dollar is mostly weaker vs. the majors as risk appetite creeps back in the wake of yesterday’s impressive recovery in equities after the very weak US data. EUR/USD still had trouble…

Perhaps it would be a good time for investors and analysts alike to lean back and have a good bottle of Pinot Noir and let markets be markets. Surely, with the likes of Hindenburg Omens still getting its share of the tape and with the macro…

I am great believer in divergence when it comes to the global economy if anything then because it allows you to take a slightly more nuanced perspective than the risk off/risk on debate that has dominated the discourse for the past two…

A good talk by the author of the study of complexity in financial markets. Also see these three books about chaos theory, roughness and fractals (all on the CW reading list): Benoit Mandelbrot – The Misbehavior of Markets Mark…

“When data contradicts theory in a discipline like physics, there is excitement amongst scientists . When data contradicts theory in finance, there is dismissal.” Robert Arnott Big shift to passive Active management in the equity…

Highlights The US dollar is generally softer, consolidating yesterday’s moves.  In fact, the three best performers yesterday and for the month of June, namely the Swiss franc, British pound and Japanese yen, are the laggards…

As the details of the agreement struck by the key House and Senate conference on financial reform has been embraced favorably by the US equity market, that is being led by the financials, and the foreign currencies.    In the…

Highlights The US dollar is little is generally firmer in a risk averse environment ahead of the weekend.   The notable exception is the Swiss franc, which is benefiting from tensions in the euro zone and the recent downgrade of…

The 32.7% decline in new homes sales to a new cyclical low has actually sparked a bout of dollar and yen buying on risk aversion. The revisions to the March and April time series also point to a much weaker picture than we had.  …

Highlights We are seeing some respite for the euro but the underlying bearish forces have not gone away and this latest bounce is a good selling opportunity. The single currency rallied to a high $1.2437 in early European session (nearly…