I got an email over the weekend asking about the correlation if any between gold and the AUD and to be honest I didnt know if there was any relationship between the two other than the long bow stories generated by economists. So I decided to have look. Whenever you start to look at the…Details
Its that time of the year again when we have a look at the annual table of results for various instruments which has been cobbled together from various sources.
I caught a piece in Bloomberg this morning that had FX traders lamenting the lack of volatility in FX markets this year and using that as an excuse for their lack of profitability. Upon seeing this I thought to myself that this sounds awfully familiar amd it does – it is the classic I dont…Details
With the situation on the Korean Peninsula threatening to give us another 9 years of MASH and with our own politician desperately trying to find relevance on the world stage by injecting themselves into the crisis I thought it might be interesting to see how markets viewed what was going on. Markets traditionally respond to…Details
AQR recently updated its paper A Century of Evidence on Trend Following and whilst the updated hasn’t changed the basic conclusion of earlier versions it is worth unpacking some of the main point of the paper. The paper in its introduction makes an immensely important point that is lost on most – As an investment…Details
Since I was playing around with YTD performance I thought I would isolate a handful of currency pairs and see how they did and as you can see from below they are a mixed bunch. Variations in performance are generally by themselves not that interesting, after all its a market and it depends upon variation…Details
On October 7th 2016 the GBP suffered a minor aneurysm and dropped like a stone for a short period of time as seen below. The Bank of International Settlements had just released a report into possible reasons for the crash. You can download the full report here. The executive summary outlines a constellation of reasons…Details
A question popped up in the Mentor Program that related to what to do when related instruments all gave the same signal, in this instance the culprit was various JPY related pairs. I had not looked at FX correlations for awhile so thought I might stick a few together and see if they told me…Details