Monthly archive September, 2016

Long-term fair value measures are suggesting that the USD is currently overvalued, particularly as productivity has declined in the US faster than in other countries.

We find that GBP is weak on many measures, with PPP suggesting GBPUSD is Read More →

This past week the BoJ extended the life of its fading QE programme ‘on the cheap’ while the Fed remained cautious, assessing the need for further tightening. The markets took this as a risk-on/ USD-off outcome. The USD-off lean could Read More →

Key Points

• The British Pound tumbled sharply against the Japanese yen during the past 3 days, but Read More →

Key Points

• The US Dollar after trading towards the 100.10 support against the Japanese yen found support.
Read More →