We’ve seen amazing turns in emerging market currencies over the last few sessions with gap-type moves in ZAR, BRL, PLN, and RUB, even as the dollar holds its ground.
The rich get richer and the poor get poorer. I’m not sure not sure you can expect this to change anytime soon. Fund flows into EM last week broke a three week downtrend with new inflows.
The ruble is off 1.5% in the past two days and has broken through support at the 200mda.
Here’s a quick recap and what to look forward to in Q2:
Below, we have a chart of the V2X, a Goldman product used to measure volatility in the EU. So it Europe still cheap, a sell, or should you trade it hard?
The Wall Street Journal.com (wsj.com) has named Tim Seymour to their Top 20 Financial Advisor Twitter List.
Mexico, one of the most defensive and best performing markets in the world over a 12-month period has given up some ground today, breaking the 50-day moving average for the first time in months.