Being long of the dollar is reportedly one of the most crowded trades in the market. However, we stillthink that the US currency has further to climb against other majors. Indeed, we now expect the...

Some claim that the US stock market is heading for a collapse because they assume that its price/earnings ratio will inevitably plummet to its long-run average. This assumption is wrong if, as seems...

Unlike in developed markets, interest rate differentials are not a particularly good guide to currency movements in emerging markets (EMs). Accordingly, while there will be bumps in the road, we do...

This Update aims to provide some perspective on the recent slides in oil and copper prices and the new record lows for the Baltic Dry Index of global shipping costs. It includes a more positive view...