Last night Blondemoney attended the retirement drinks of a loyal reader (and fabulous markets person to boot). Everyone agreed we were all older, not wiser, but definitely wider. In such a reflective mood, not to mention caffeinated, today’s missive contains some thought-provoking charts with which to send you into the weekend… “Dancing on the rim…
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Regular articles that provide the latest accounts on recent political decisions and economic data, as well as identifying potential mid to longer-term risks for your investments.
Incremental Change
Quite often in financial markets we are prepared for the step change. The day a company announces their results; the day a debt payment is unexpectedly missed; the day a central bank hikes rates. Lately, we have had to get used to the day of an election result. Sometimes the step change isn’t an exogenous…
Read more >Slow, Slow, Quick, Quick, Slow
The reversal lower in EUR/USD is surprisingly calm, given that we now know: the Germans face months of coalition-making, with talks only expected to start in earnest once the Lower Saxony election takes place on Oct 15th Yellen will be making a speech today at 5.45pm London time which should reaffirm her
Read more >Mutti mess
Oh, that fatigue with elections just had to come back and bite the market didn’t it? The exit poll for today’s German election result does leave Merkel’s CDU/CSU as the largest party (priced pre-election at an eye-wateringly certain 1/100) and does leave the SPD floundering on the lowest vote share in their history — both not…
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