January 2020 Macro Markets Blog Post
Hi all, Welcome to and thank you for checking out the next Macro Squawk blog post. Coming into the beginning of 2020, we see a lot of positive supports for risk assets everywhere - chief among these being the 'resolution' on trade ahead of the election, a reduction of Brexit uncertainty, and a moderated outlook from the Fed about interest rate expectations over the course of the year, along with Europe leaning closer towards liberal fiscal policy at the behest of Christine Lagarde. I think Druck said it best in his December interview with Bloomberg that "it's all systems go,"... at least for now. Given this macro backdrop, lets dive right into some interesting trade ideas that I see around. Long AUDUSD First and foremost we're finally starting to see the long Aussie trade work out. The reason that this is a trade worth considering is because it has both macro and micro factors working for it. We know that Australia is a big commodity currency and that a...