Bullish bet on the loonie a 'core trade' for Citi's FX strategist
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
(Bloomberg) -- In the hours after the yen hit a 34-year low on Wednesday, Japanese officials put currency traders on notice: Keep this up and we’ll act forcefully in the market to stem the slide.Most Read from BloombergBiden Gains Ground Against Trump in Six Key States, Poll ShowsJapan Amps Up Intervention Threat as Yen Hits Lowest Since 1990Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleUsing Your Premium Credit Card May Cost More After Visa-Mastercard DealTrum
Trump seems to be on a quicker path to the nomination than eight years ago, when he didn't lock it down until May. And polls show it would likely be a close contest between him and President Joe Biden, a shift from his long-shot status in 2016.
(Bloomberg) -- Donald Trump’s surprise victory in the 2016 presidential election delivered a shock to financial markets. If he manages to secure a second one, traders will — if anything — be far more prepared. Most Read from BloombergHedge Funds Rake in Huge Profits Betting on Catastrophe RiskPutin Orders Hunt for Property of Russian Empire, Soviet UnionBurger King Is Serving Whoppers With a Side of CringeThe Easy Money Has Already Been Made in BondsUAE Warns US Time Running Out to Avoid Wider M
Strategists point to comparatively hawkish European Central Bank