Cryptocurrencies – A brief introduction. Following a breath-taking rally, increasing the combined market value by more than 3000% in 2017 as well as a hefty 60% correction over the course of the last six weeks, cryptocurrencies have been one of the financial world’s favourite topics in recent months. What are they and how are they traded?
The macro perspective
Early signs of inflationary pressures. Inflation watchers see a harbinger of higher US inflation in the recent US wage data. This has boosted the argument that the Phillips curve is alive and that shortages of workers must eventually lead to higher prices. An overview
FX market talk
What, no «Greenspan-Put»? The spike in volatility in equity markets in recent weeks has been a reminder that central banks are not there to guarantee the returns of low-volatility products or the returns of any financial instruments. Also in currency markets ultimately fundamentals matter. A good reason to look at the mother of all currency indicators, purchase power parity.