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UK-Turkey FTA in sight?
Read Time: < 1 minuteA new deal with Turkey will be: ✅ designed to boost an already thriving trade relationship, worth £23.5bn in 2022✅ tailored to the UK’s strengths as a services superpower. Here are the numbers: https://www.linkedin.com/posts/department-for-business-and-trade_uk-turkey-trade-in-numbers-ugcPost-7087018817511383041-iPzD/?utm_source=pocket_saves
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The bear steepening of yield curves!
Read Time: 2 minutesLast week there was a very important development in bond markets: the bear steepening of yield curves! That happens when rates move higher but it’s long-dated yields that take the lead, hence shifting the entire curve higher but also steeper.How to interpret such a move? Think of 10-year yields like a strip…
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Does a weakening currency increase exports’ competitiveness?
Read Time: < 1 minuteThat assumption used to be rife for EMs, and occasionally pops into DM FX talk too. Export competitiveness is more about value chains than occasional FX volatility. for what it is worth IMF found that exchange rate moves do have the expected impact back in 2015. https://imf.org/en/Publications/WP/Issues/2016/12/31/Global-Value-Chains-and-the-Exchange-Rate-Elasticity-of-Exports-43424… Fed’s international trade model…
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What are Fibonaccis?
Read Time: 3 minutesFibonacci Retracement Explained: In technical analysis a Fibonacci retracement is a trading methodology for determining high probability support and resistance levels on a chart. It uses the Fibonacci sequence and that is where its name comes from. A Fibonacci retracement uses the theory that price swings on charts will usually retrace and…
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