Submitted Oct 4, 2018|From marketsnow.com

In our last commentary on the euro in late August, we wrote that the common currency was set to weaken further thanks to (1) slowing growth, (2) slowing inflation and (3) an outsized speculator long position in euro futures and options. Following ...

Submitted Aug 27, 2018|From marketsnow.com|7 comments

In our last take on the euro in April, we wrote that the bullish case for the currency was running out of drivers. Specifically, we wrote that decelerating Eurozone growth (in rate-of-change terms), changes in trading patterns and overly bullish ...

Submitted Aug 16, 2018|From marketsnow.com

On August 10, we downgraded our outlook on WTI from neutral to bearish thanks to a significant deterioration of the trend. We determine trends for a number of major currencies and commodities based on price, trading volumes and changes in ...

Submitted Aug 14, 2018|From marketsnow.com

In our previous commentary on gold, we wrote that gold prices would keep falling for three reasons: (1) accelerating US inflation, (2) decelerating growth outside the United States and (3) an ongoing slowdown across emerging markets. Ultimately, all ...

Submitted May 17, 2018|From marketsnow.com

In our last take on the outlook for gold, we wrote that the combination of slowing growth outside the United States and rising inflation meant more weakness lay in store for the precious metal. When both US growth and inflation are high, the Fed is ...

Submitted May 10, 2018|From marketsnow.com

Yen bears will argue that the currency is trading as an inflation proxy, pointing to rising inflation expectations as the culprit for recent and ongoing weakness. Bulls will argue that recent yen weakness is more a function of the big move up in the ...

Submitted Apr 30, 2018|From marketsnow.com|4 comments

In our previous commentary on the US dollar, we warned that a weak dollar was hiding significant risks in growth-sensitive assets such as equities and European currencies. As the world’s reserve currency, the buck is inversely correlated to most ...

Submitted Feb 20, 2018|From marketsnow.com|3 comments

Since early 2017, gold has strengthened from lows below $1,080 to around $1,340 today. The underlying factors that have helped gold strengthen since that time remain intact. We argue that gold should continue strengthening in the longer-term thanks ...