Category in GBP crosses

Sticking with buy-dip strategy in AUD/USD, Gold and Cable

I don’t see anything to change my medium-term macro view that the USD will come under increasing pressure in the months ahead. The market has had another look at the “Euro demise” trade but this got very overcrowded and is starting to unwind after the EZ fiscal stimulus package announcement. AUD/USD is still my favourite play,

Global Liquidity Conditions: So what should we be trading in spot FX world?

Global liquidity conditions were, according to quite a few learned commentators (eg Morris Goldstein 1998 https://econpapers.repec.org/bookchap/iieppress/pa55.htm) a contributing factor in the 1997 Asian financial crisis as well as the 2008 global financial crisis. Now when I read through the interbank research in the FXWW-Messenger chatroom, its all about Repos, TOMOs, POMOs and bills! Credit …