The Macro Charts You Must Know #10
If the frame above isn’t loading, you can read Week In Charts over here.
The week in a nutshell:
- The USD didn’t really do much this week, recovering slightly after last week’s losses
- US yields rallied strongly at the start of the week, but gave back a lot of gains at the end
- European yield curves strong steepening over the last two weeks looks to have ended; how they perform in the coming weeks will be an important indicator of what is to come
- Commodities continue to trade according to idiosyncratic factors rather than in conjunction with broad macro headwinds or tailwinds – aluminium has gone parabolic while iron ore struggles and copper stays range bound
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