Market Thinking

making sense of the narrative

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Tag: SDR

A few basket Cases…

A quieter end to the month as oversold conditions are at least stabilising if not obviously (yet) reversing. This has been a steady slide, rather than a crash per se, but markets remain fragile. With the Fed still sucking liquidity Read more…


Is it time to re-peg the HK$?

The world of FX reserves has been upended over the freezing of Russia’s assets in a way not seen since Nixon closed the Gold Window in 1971. The arrival of the Petro-Ruble marks the end of the Petro-$ that emerged Read more…


Is it time for the Bancor?

Amid all the discussions about the sanctions – and counter sanctions- against Russia, an extremely important issue is rearing its head; what is the future of the Petro-Dollar? And, more broadly, what is the future for the dollar as the Read more…


Market Thinking November 2019

November saw a lot of book squaring which created some aggressive sideways trading before both bonds and equities resumed their bull trends. In politics, the theatrics of Impeachment and Brexit tended to overshadow the more meaningful events of the US Read more…