The correlations between the big-moving markets and their local
currencies are highly inverse and likely to remain so (they are
nominal gains reflecting lower purchasing power). There are
currency hedged etfs to capture the burning euros & yens and
their effect on corresponding equities. Check out the Wisdom Tree
etfs.
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German DAX Daily
Posted by steve on 15th of Mar 2015 at 12:33 pm
$DAX - Chart Link
Heck of a run to start 2015...clearly money moved in ahead of the ECB QE.
Germany is clearly another country
Posted by jroger on 15th of Mar 2015 at 02:31 pm
Germany is clearly another country that has benefited from the flight to safety of money. I wish I had thought of that a bit earlier.
It isn't the safety of
Posted by a_l_ on 15th of Mar 2015 at 06:59 pm
It isn't the safety of money - it's Draghi burning the Euro.
Exactly. Germany publicly deplores a
Posted by puma on 15th of Mar 2015 at 11:26 pm
Exactly. Germany publicly deplores a cheap Euro, but in reality benefits from it enormously. The DAX loves the cheap Euro.
The recent carry trade has
Posted by steve on 16th of Mar 2015 at 09:05 am
The recent carry trade has been short Euro and long the most Euro bourses since the ECB announced QE.
WHY EWG doing so poorly ? On RSI to DAX
Posted by rbreese on 15th of Mar 2015 at 02:16 pm
rbreese...you must factor in Currency
Posted by steve on 15th of Mar 2015 at 02:19 pm
rbreese...you must factor in Currency with respect to EWG. The US Dollar recent surge has negatively impacted EWG.
The correlations between the big-moving
Posted by a_l_ on 16th of Mar 2015 at 01:05 am
The correlations between the big-moving markets and their local currencies are highly inverse and likely to remain so (they are nominal gains reflecting lower purchasing power). There are currency hedged etfs to capture the burning euros & yens and their effect on corresponding equities. Check out the Wisdom Tree etfs.