Skip to content
Jay Kumar
Apr 05 2019

Foresight currency market review - March 2019

News & Insights
Foresight currency market review - March 2019
<h4><strong>Longer term trend for AUD remains negative against major trading partners!</strong></h4> <p><strong>Summary</strong></p> <ul> <li>While AUD has made some gains against major currencies over the past one and three months, the longer-term trend has been negative</li> <li>The continued soft outlook for AUD is underpinned by weaker domestic economic data, dovish RBA and mixed outlook for commodity prices</li> <li>Volatility of AUD against JPY and Swiss Francs stand out</li> <li>The USD Index continues to display an uptrend despite the shift in Fed Reserve policy stance</li> <li>The British Pound index continues to experience heightened volatility as &lsquo;Brexit&rsquo; drama continues in UK</li> </ul> <blockquote> <p><strong>Exhibit 1.</strong> The Australian dollar index (as proxied by REER - real effective exchange rate) maintains its downward trajectory reflecting weakness against major trading partner currencies.</p> </blockquote> <p><img alt="" src="https://tat.capital/docs/uploads/2019/04/ex1.png " /></p> <ul> <li>The moving average of the real Australian dollar index highlights the continued weakness of the AUD as the exchange rate continues to decline against its major trading partners</li> <li>This bearish trend is underpinned by weak domestic economic data and dovish stance taken by the RBA</li> <li>Broader geopolitical concerns and trade wars also weighed on the AUD which is often perceived as a &lsquo;risk&rsquo;&nbsp;currency</li> </ul> <blockquote> <p><strong>Exhibit 2.</strong> Longer term performance of AUD against major currencies have been negative. Volatility against JPY and Swiss Francs stand out over the past year.</p> </blockquote> <p><img alt="" src="https://tat.capital/docs/uploads/2019/04/ex2.png " /></p> <ul> <li>The AUD has negative currency returns against all major currencies between the periods of 1 year to annualized 5 years. Across this broad-based weakness, continuous negative returns are more&nbsp;pronounced against the USD.</li> <li>This negative returns against the USD are further weakened by the high level of currency volatility between the AUD and US dollar over the past 10 years.</li> <li>The poor performance of the AUD comes on the back of weaker domestic economic data and dovish&nbsp;stance of the RBA.</li> </ul> <blockquote> <p><strong>Exhibit 3.</strong> Long term trend of the real US dollar index (REER) remains positive</p> </blockquote> <p><img alt="" src="https://tat.capital/docs/uploads/2019/04/ex3.png " /></p> <p>The US dollar Index continues its upward trajectory despite the Federal Reserve Bank taking a dovish stance last month</p> <blockquote> <p><strong>Exhibit 4.</strong>&nbsp;Uncertainty surrounding Brexit continues to weaken GBP against its major trading partners</p> </blockquote> <p><img alt="" src="https://tat.capital/docs/uploads/2019/04/ex4.png " /></p> <ul> <li>The GBP Index shows continued volatility of the currency against its major trading partners.</li> <li>This volatility is expected to continue until the confirmation of Brexit terms</li> </ul> <hr /> <p><span style="font-size:10px"><strong>Foresight Analytics - Unlocking your investment advantage</strong></span></p> <p><span style="font-size:10px"><a href="http://www.foresight-analytics.com/" target="_blank">Foresight Analytics</a> is a data-driven investment research, analytics and consulting firm. Using its&nbsp;innovative 360-degree framework and factor-based technology, Foresight provides analytical, predictive and market intelligence solutions to leading investment management companies, superannuation funds and&nbsp;wealth groups.&nbsp;</span></p> <p><span style="font-size:10px">For asset owners, Foresight solutions include quality and risk-based manager appraisal, forensic validation&nbsp;of manager skill, portfolio risk aggregation and factor-based portfolio optimisation. Foresight&rsquo;s 360-&nbsp;degree analytical framework integrates financial and extra-financial considerations and across equity and&nbsp;bond asset classes.</span></p> <p><span style="font-size:10px"><strong>Foresight Disclaimer</strong><br /> The material contained in this document is for general information purposes only. It is not intended as an&nbsp;offer or a solicitation for the purchase and/or sale of any security, derivative, index, or financial instrument, nor is it advice or a recommendation to enter into any transaction. No allowance has been&nbsp;made for transaction costs or management fees, which would reduce investment performance. Actual&nbsp;results may differ from the reported performance. Past performance is no guarantee for future&nbsp;performance.&nbsp;</span></p> <p><span style="font-size:10px">This material is based on information that is considered to be reliable, but Foresight Analytics makes this&nbsp;information available on an &ldquo;as is&rdquo; basis without a duty to update, make warranties, express or implied,&nbsp;regarding the accuracy of the information contained herein. The information contained in this material&nbsp;should not be acted upon without obtaining advice from a licensed investment professional. Errors may&nbsp;exist in data acquired from third-party vendors, and in coding related to statistical analyses.&nbsp;</span></p> <p><span style="font-size:10px">Foresight Analytics disclaims any and all expresses or implied warranties, including, but not limited to,&nbsp;any warranties of merchantability, suitability or fitness for a particular purpose or use. This communication reflects our quantitative insights as of the date of this communication and will not&nbsp;necessarily be updated as views or information change. All opinions expressed herein are subject to change without notice.</span></p> <p><span style="font-size:10px"><strong>Data Provider Disclaimers</strong><br /> Portions of information contained in the assessments and underlying data were sourced from Datastream,&nbsp;a Thomson Reuters Company, subject to the following: Copyright 2018 &copy; Thomson Reuters. All rights&nbsp;reserved. Any copying, republication or redistribution of Datastream content, including by caching,&nbsp;framing or similar means, is expressly prohibited without the prior written consent of Datastream. Thomson Reuters and/or Foresight Analytics shall not be liable for any errors or delays in the content, or&nbsp;for any actions taken in reliance thereon.</span></p> [embeddoc url="https://tat.capital/docs/uploads/2019/04/Foresight currency mkt review-March19.pdf" viewer="google"]

tags

Tat Insights

Comments (125)

  • [url=https://lowflex.site]песни онлайн бесплатно в хорошем качестве[/url]

  • [url=https://theritm.site]песня мама[/url]

  • [url=https://truesound.site]слушать русскую музыку бесплатно[/url]

  • [url=https://starmus.site]mp3 качество скачать[/url]

  • [url=https://newmus.site]музыка онлайн бесплатно[/url]

  • [url=https://musmp3.site]скачать песню суть[/url]

  • [url=https://musritm.site]слушать песни 2021[/url]

  • [url=https://discoritm.site]песни онлайн слушать бесплатно[/url]

  • [url=https://partyritm.site]песня танцующий[/url]

  • [url=https://nightritm.site]музыку онлайн бесплатно 2021[/url]

  • [url=https://mp3on.site]песнь года[/url]

  • [url=https://mp3main.site]текст песни[/url]

  • [url=https://topvibe.site]скачать русские песни[/url]

  • [url=https://freevibe.site]красивые песни[/url]

  • [url=https://mnogoritma.site]музыка класс[/url]

  • [url=https://allritm.site]песня давай давай даю даю[/url]

  • [url=https://onritm.site]новая песнь[/url]

  • [url=https://musicpause.site]песни скачать бесплатно mp3[/url]

  • [url=https://ritmik.site]новая песнь[/url]

  • [url=https://newritm.site]песни онлайн бесплатно[/url]

  • [url=https://ritmparty.site]музыку онлайн бесплатно 2021[/url]

  • [url=https://soundbit.site]такия песня[/url]

  • [url=https://soundbit.site]музыка класс[/url]

  • [url=https://vibeking.site]музыка на телефон[/url]

  • [url=https://soundvibe.site]скачать песнь мп3[/url]

  • [url=https://viberitm.site]музыка без слов[/url]

  • [url=https://mp3home.site]песнь песней слушать онлайн бесплатно[/url]

  • [url=https://musichome.site]музыка mp3[/url]

  • [url=https://topritm.site]русская музыка[/url]

  • [url=https://musonline.xyz]песни лета 2021[/url]

  • [url=https://ritmpesni.xyz]mp3[/url]

  • [url=https://slushay.xyz]песнь про[/url]

  • [url=https://darkritm.site]популярная музыка бесплатно[/url]

  • [url=https://goodsounds.site]лучшие песни[/url]

  • [url=https://kunjulyan.com.ua/iz-kakogo-materiala-sleduet-vybirat-krossovki/]https://kunjulyan.com.ua/iz-kakogo-materiala-sleduet-vybirat-krossovki/[/url]

  • [url=https://soundintro.site]нова новая песня[/url]

  • [url=https://soundstar.site]бесплатно mp3 все песни в хорошем песни[/url]

  • [url=https://soundking.site]песни[/url]

  • [url=https://allsound.site]русская песнь[/url]

  • [url=https://softsound.site]бесплатно mp3 все песни в хорошем качестве[/url]

  • [url=https://soundmix.site]скачать песни в качестве[/url]

  • [url=https://savemp3.site]слушать музыку онлайн бесплатно[/url]

  • [url=https://avemp3.site]скачать mp3 песня хорошем качестве[/url]

  • [url=https://mp3final.site]музыка песнь[/url]

  • [url=https://easymusic.site]песни онлайн слушать бесплатно лучшее[/url]

  • [url=https://softmusic.site]популярные песни[/url]

  • [url=https://mp3fresh.site]русские песни[/url]

  • [url=https://deepmp3.site]песня дня[/url]

  • [url=https://deepmp3.site]песнь песней слушать онлайн[/url]

  • [url=https://mp3rave.site]музыка онлайн слушать 2021[/url]

  • [url=https://lo-fi.site]скачать mp3[/url]

  • [url=https://mp3yolo.site]слушать русскую музыку[/url]

  • [url=https://mp3groove.site]песня танцуй[/url]

  • [url=https://mp3vibe.site]скачать музыку mp3[/url]

  • [url=https://mp3rider.site]хорошую музыку бесплатно[/url]

  • [url=https://mp3rider.site]скачать музыку мп3[/url]

  • [url=https://darkmp3.mobi]песнь песней слушать[/url]

  • [url=https://www.sxn.today/index.php?showforum=13]бдсм[/url]

  • [url=https://www.sxnarod.com/index.php?showforum=8]геи[/url]

  • [url=https://mp3cover.mobi]песня ночь[/url]

  • [url=https://musicmix.mobi]песнь песней[/url]

  • [url=https://audiodrive.mobi]хорошая музыка[/url]

  • [url=https://mp3release.mobi]музыка 90[/url]

  • [url=https://chillout.mobi]песня дня[/url]

  • [url=https://musiclive.mobi]слушать популярную музыку онлайн[/url]

  • [url=https://musicintro.mobi]песни скачать бесплатно mp3 в хорошем качестве[/url]

  • [url=https://madmusic.mobi]песнь песней слушать онлайн[/url]

  • [url=https://mp3remix.mobi]песни группы[/url]

  • [url=https://mp3duet.mobi]слушать музыку остановка[/url]

  • [url=https://muspause.mobi]песня мама[/url]

  • [url=https://musico.mobi]слушать музыку бесплатно[/url]

  • [url=https://tonnazvuka.top]песнь песней мп3[/url]

  • [url=https://hip-hop.top]песнь песней слушать онлайн[/url]

  • [url=https://audioflow.top]песня просто[/url]

  • [url=https://flowmusic.top]алиса песни[/url]

  • [url=https://mnogomp3.top]песня клип[/url]

  • [url=https://findmp3.top]песня рождения[/url]

  • [url=https://drump3.top]песни мп3[/url]

  • [url=https://wowmp3.top]mp3 скачать качество бесплатно[/url]

  • [url=https://suchmusic.top]mp3 скачать качество бесплатно[/url]

  • [url=https://audioplay.top]mp3 2021[/url]

  • [url=https://mp3foryou.top]лучшие песни онлайн бесплатно[/url]

  • [url=https://freeaudio.top]музыка 90[/url]

  • [url=https://musicteam.top]песни скачать бесплатно mp3[/url]

  • [url=https://newaudio.top]песнь песней[/url]

  • [url=https://themp3.top]качество музыки mp3[/url]

  • [url=https://joymp3.top]слушать музыку бесплатно без остановки[/url]

  • [url=https://godmp3.top]скачать песни в хорошем качестве[/url]

  • [url=https://newmixtape.top]песнь онлайн[/url]

  • [url=https://mp3star.top]скачать музыку бесплатно без[/url]

  • [url=https://audiostar.top]новинки песнь[/url]

  • [url=https://musicstar.top]песня с днем рождения[/url]

  • [url=https://alltunes.top]музыка без остановки[/url]

  • [url=https://mp3king.top]слушать музыку без остановки[/url]

  • [url=https://audioking.top]песни онлайн слушать бесплатно лучшее[/url]

  • [url=https://allmp3.top]музыка мп3[/url]

  • [url=https://allaudio.top]песнь песней mp3[/url]

  • [url=https://hotmusic.top]песни 2021 бесплатно[/url]

  • [url=https://webmusic.top]песнь песней mp3[/url]

  • Hi, I found a cool method of penis enlargement, here [url=https://bit.ly/2N4bBAl]https://bit.ly/2N4bBAl[/url]

  • [url=https://oursongs.xyz]какую музыку[/url]

  • [url=https://mp3way.xyz]песня дана дай[/url]

  • [url=https://suchsong.xyz]mp3 музыка 2021[/url]

  • [url=https://popmus.xyz]скачать музыку[/url]

  • [url=https://mp3solo.xyz]мп3[/url]

  • [url=https://mp3tune.xyz]скачать музыку[/url]

  • [url=https://majorsong.xyz]песня клип[/url]

  • [url=https://smartmp3.xyz]skachat mp3[/url]

  • [url=https://mp3beat.xyz]спеть песню[/url]

  • [url=https://mp3energy.xyz]песнь песней mp3[/url]

  • [url=https://mp3map.xyz]песня танцуй[/url]

  • [url=https://musicway.xyz]слушать песни[/url]

  • [url=https://gromko.xyz]скачать музыку бесплатно новинки[/url]

  • [url=https://topvolume.xyz]бесплатные песнь[/url]

  • [url=https://audiomp3.xyz]песни мп3 бесплатно[/url]

  • [url=https://checkmusic.xyz]русские песни[/url]

  • [url=https://soundplayer.xyz]музыка песни[/url]

  • [url=https://musplayer.xyz]музыка в машину[/url]

  • [url=https://rapmp3.xyz]песнь 2021[/url]

  • [url=https://justmp3.xyz]песня про[/url]

  • [url=https://8tracks.xyz]скачать песню бывшая[/url]

  • [url=https://mp3planet.xyz]лучшая музыка mp3[/url]

  • [url=https://formusic.xyz]музыка без остановки[/url]

  • [url=https://diskomusic.xyz]песни ремиксы[/url]

  • [url=https://hotmp3.xyz]дан дан дан песня[/url]

Add Comment

Back to List

Categories

News Blogs Events TatFO TatFX Corporate Aus-India