This week it's the US Dollar Index. Unless you've been living under a rock (or maybe that saying should be updated - unless you've been living out of range of wifi), you will have noticed 2 key things about the US dollar index: 1. The US dollar bull market seemed... Show More
As the Fed meets to make its June monetary policy decisions, the consensus (and my view) is that they will hike interest rates again. This will add to the interest rate differential support for the US dollar and driver further policy divergence. This comes at a time where the US... Show More
The below chart appeared in the latest edition of the Weekly Macro Themes http://www.topdowncharts.com/single-post/2016/11/25/Weekly-Macro-Themes---25-November-2016 and shows the well known US Dollar Index (or DXY) vs the average 10-year government bond yield differential across the G10 currencies. There appears to be a pretty clear relationship between the interest differential indicator and... Show More
Following suggestions that the US Federal Reserve is ready to raise interest rates in coming months, all that matters right now in the market is the Fed and USD, says Saxo Capital Market’s Global Macro Strategist Kay Van-Petersen. Fed Chair Janet Yellen said on Friday that the central bank could... Show More
Global macro strategist Kay Van-Petersen of Saxo Capital Markets believes we probably will see two Fed rate hikes this year. He expects that the US dollar will continue to strengthen and he finds it very possible that we will test new highs. He is long DXY futures. Click the following... Show More
