As most investors are aware, there have been some major currency moves recently (looking at you Yen/USD cross). This has established some interesting trends in the forex market. For example, volatility continues to rise off a very low base (unlike in the equity market)....
The Reuters CRB Continuous Commodity Index is up about 3.5% over the past year and is only about 11% higher than it was four years ago. So on the surface commodity prices seem relatively stable. This year, however, we have seen a significant expansion in...
For five years the British Pound was undervalued (and sometimes significantly undervalued) against the US Dollar on a purchasing power parity basis. The pound sterling has finally had a sustained period (over two months) of being slightly overvalued against the Dollar....
One of the charting ”tools” that we like to use are diffusion indices. A diffusion index is a simple, yet effective, way to look at breadth in any market. Below we chart a one year diffusion index of selected commodities vs a year one diffusion...
US import prices ex-petroleum fell further on a year-over-year basis. This series has now been negative since March. The movements in the USD do not suggest this deflationary pulse from import prices will be abating over the next few months....
