Financial markets and economic variables do not move in straight lines; they are all beset by degrees of randomness. The problem arises when volatility becomes greater than normal, writes Cazenove Capital's Richard Jeffrey.
The brain learns quickly to disregard low-level noise; but more extreme noise is harder to ignore and can be very distressing. While I do not believe recent volatility in financial markets is simply noise,...
The US dollar is close to peaking and the risks now seem to be on the downside.
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