this was only the case after 1999, not until 1991. ERM accounts for some until 1992

EURUSD

back calculated on the ccy's that existed before the introduction of the EURO. (i.e. deutsche mark, italian lira and their values weighted correctly etc etc) Charts can go back much, much further.

EURUSD

well it is case-by-case. 07/08 it was quite quick, Japan this year has been 6 months or so. UK has been a little longer. however Macro theory would suggest inflation expectations are more important than actual inflation, and the correlation between ...

EURUSD

oil prices take 3-6 months to filter through the inflation numbers.

EURUSD

Nice quiz from BofAML How many can you get right?

EurAnalysis

Log chart of the USDJPY going way back, interesting cycles, but showing strong resistance ahead.

USD/JPY Discussion

And a long term view vs. 10's

EurAnalysis

I'm sure you're familiar with the equation of exchange theory, but a great illustration is here of the relationship with interest rates. I had to find this but had it laying around. 5's vs velocity. If I can, I'll try and find a better image.

EurAnalysis

lol! But if you ever want US data go on FRED ( url ) It has everything, and if not velocity is pretty easy to calculate as MV= nominal GDP and you can do simple calculations on FRED. I can get charts of it on rtrs, but you should be able to get it ...

EurAnalysis

19-Nov-2013 23:06 - BERNANKE SAYS FED REMAINS COMMITTED TO MAINTAINING HIGHLY ACCOMMODATIVE POLICIES FOR AS LONG AS THEY ARE NEEDED 19-Nov-2013 23:06 - BERNANKE: U.S. ECONOMY STILL FAR FROM WHERE WE WOULD LIKE IT TO BE, MAY BE SOME TIME BEFORE FED ...

EURUSD

yeah, thats why I put clearing in brackets, I know that it isn't quite that, Spot FX is merely executing on behalf of someone else in this instance. I.e. DB are filling orders for prop/hedge etc. But for the sense here, I suppose it is good enough

EURUSD

the VAST, VAST majority of this 15% of the spot market will be clearing and not DB speculating. In fact banks rarely speculate (in large volumes) and the London Desk of DB will maybe have 20 traders, each just filling trades all day, they are not ...

EURUSD

of course

EURUSD

don't get me wrong, there is opportunities in some Periph Europe, but It's not undervalued if you consider generic P/E's or the overall macro picture, but it has to be a stock pickers market, with best performance coming from those equities reliant ...

Cable Update (GBPUSD)

This is true - it does have credit risk which is filtered down from soverign to counterparty, but the thing is credit conditions are a key determininant in capital flows and investment and so it shows a truer picture of flows as opposed to equity. ...

Cable Update (GBPUSD)

if he looks at a chart of spanish equity and sees that it has underperformed US equity and comes up with the conclusion that it is undervalued then he is delusional. But we need suckers in the market for us to profit.

Cable Update (GBPUSD)

very true that we could look at this in EURs, but I think the context was for capital inflows - therefore whatever we consider, both assets need to have the same ccy denomination. if "Mr Macro" Aki300986 has knowledge of capital flows for Europe, he ...

Cable Update (GBPUSD)

I don't think anyone is getting their numbers right here. SPX is up 99.2% STOXX 600 is up 58.3% Both since Jan 2009 and because we are considering relative performance there is a ccy adjustment.

Cable Update (GBPUSD)

wasn't talking about how they work, was talking about the pricing structures of them. To wit, you would need a PhD in maths to even begin to understand them.

EURUSD

bear stearns, LTCM, even JP morgan. The fact that they all have lost a lot of money doesn't mean they're stupid - barely anyone could have predicted accurately what would have happened. But I'm sure you are an expert on the securitization chain and ...

EURUSD