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Monthly archive November, 2016

2 Reasons Why USD Correlation With Oil Is ‘Overstated’ – Goldman Sachs

Historically, the Dollar has been negatively correlated with oil prices, meaning low oil prices have coincided with a strong Dollar, while high oil prices have typically come when the Dollar has been weak.

We argue that the importance of Read More →

Week Ahead: Trading The ‘Second Coming’ Of USD – Credit Agricole

The Trump-inspired USD rally is about three weeks old and we have already exceeded the highs from late 2015 and early 2016 on a tradeweighted basis. Naturally, the question now becomes how much further can the USD appreciate and which Read More →

GBP: 3 Factors Behind This Squeeze; 1.15 Remains The Trough – BofA Merrill

The consolidation in GBP that we had anticipated into year-end has materialized and has been given a boost following the election of Donald Trump. Since hitting a new multiyear low in mid-October, the GBP trade-weighted index (TWI) has rallied by Read More →