Economic activity is cruising. Confidence indicators continue to surprise positively, pointing to a solid cyclical growth momentum in the months ahead. Unemployment is coming down, yet stronger labour market conditions have failed to generate meaningful upward price pressures so far.
October once again lived up to its reputation as a dangerous month for equity markets. Our expert, Johan Gallopyn, examines the causes and indicates the impact on the bond, foreign exchange and commodities markets.
In this blogpost we try to assess levels and movements of foreign-exchange markets, against a backdrop of macro-economic fundamentals. We try to avoid attempts to make big directional predictions, and prefer to balance out the different macro-economic factors affecting exchange-rates.
The resurgence of the trade dispute, central banks, Italy, OPEC, etc. - numerous events affected the market in June. Our expert, Johan Gallopyn, outlines the implications for the equity, bond and currency markets over the past month.