Today we look at Ruble softness along with emerging market weakness in August. Turkey’s issues are highlighted. USD strength pressures a rebound in gold. Market indicators get more bearish. September seasonality is discussed.
This week we review how US real negative interest rates have pressured the USD while giving strength to the Euro and some emerging market currencies and sovereign debt. We look at commodities, FAANG stocks, china and even Vietnam.
Having one’s cake and not eating it. When I came to Russia, my first summer was hot and sunny and I took to cycling, exploring the city’s cycle paths, one of my favourites being the one that runs along Bolshaya Nikitskaya up to the Garden Ring. For those unfamiliar, the Garden Ring is a ring Read more ➝