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The US and German Relationship

May 31, 2017
US President Trump reserves his most scornful indignation for the traditional media and US allies, while seemingly praising authoritarian leaders abroad. Given the Administration's domestic challenges, no wonder a cabinet official spoke wistfully about the lack of protests in Saudi Arabia. 
The latest target for Trump's wrath seems to be Ge…
The US and German Relationship The US and German Relationship Reviewed by Marc Chandler on May 31, 2017 Rating: 5
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Great Graphic: Iron Ore and the Australian Dollar

May 31, 2017
This Great Graphic, from Bloomberg, shows the correlation between the price of iron ore and the Australian dollar on a rolling 60-day basis over the past year.  The correlation is  a little more than 0.81.  The relationship is the tightest since last August.     This is purely directional. 
The correlation weakens considerably if we look at return…
Great Graphic: Iron Ore and the Australian Dollar Great Graphic: Iron Ore and the Australian Dollar Reviewed by Marc Chandler on May 31, 2017 Rating: 5
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Sterling Takes it On the Chin

May 31, 2017
Projections showing that the UK Tories could lose their outright majority in Parliament in next week's election spurred sterling sales, which snapped a two-day advance.  Polls at the end of last week showed a sharp narrowing of the contest, and this saw sterling shed 1.3% last Thursday and Friday.  It recouped about 0.35% in the past two sessi…
Sterling Takes it On the Chin Sterling Takes it On the Chin Reviewed by Marc Chandler on May 31, 2017 Rating: 5
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Great Graphic: US Curve and the Euro

May 30, 2017
This Great Graphic was created on Bloomberg.  It shows two times series.  The yellow line and the left-hand scale show the euro's exchange rate against the dollar for the past year.  The white line depicts the spread between the US two-year and 10-year yield. 
I show the curve this way to be more intuitive with the euro rather than the 10-2 yr …
Great Graphic: US Curve and the Euro Great Graphic: US Curve and the Euro Reviewed by Marc Chandler on May 30, 2017 Rating: 5
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