Futures & FX

Don’t Over Think This One…

Today I feel it’s important to repeat the same things we have emphasized over the last few weeks on rates and the currency moves.
We repeat the messag4e not because we like to hear ourselves talk but because we sense that people are over thinking this one. It’s the same thing we wrote about the...

Brazil – Just When You Though The Water Starting to Be Safe

Price action and policy action are a concern for investors who have watched Brazil  (EWZ, quote) quietly become one of the better performing EM markets in 2015. After running 26% from Feb 2 on the Ibovespa despite a currency that sold off hard into March (2.60 to 3.30) but rallied back some,...

Today’s Emerging Money Audio Call has Been Released

Emerging Money Daily Audio Call May 20 - On the call today we give you a preview of key thoughts into the Fed minutes release...
We also talk about the move in commodities with a special commentary on iron ore after yet another head-fake for the underlining mining plays. 
Japanese 1Q GDP was a...

Today’s Emerging Money Audio Call has Been Released

Emerging Money Daily Audio Call May 22 - On the call today we address a hot CPI print in the US which is adding to the bid in the USD thus the weight in the EM currency complex.
How much is left in this move for the USD and the Euro and what are other ways to play a stronger USD? What does...

Monday Morning Charts on a Tuesday

We start the week after a long holiday weekend in the States with a quick review of key macro charts and themes for markets. 
 FX volatility means much higher volatility for markets.  We think markets are too complacent here:
 
 The USD once again is a wrecking ball for EM, Commodities and...

Today’s Emerging Money Audio Call has Been Released

Emerging Money Daily Audio Call May 26 - Global markets trade like it’s the start of May not the end of May as US players come back from a long holiday weekend to confront major FX volatility and fresh Greek noise that is a little louder than usual…
Volatility will continue to move higher if...

Chart Of The Day: Euro Getting Close Again…

Trade the range on the major currencies except the Yen.  The Euro will not go through parity on this run despite momentum now which seems like it is almost as bad as it was in mid-March as we hit 1.o519 lows.   The Dollar will have a move higher but not to 110 on this run.  We think the Yen...