Michael A. Gayed, CFA, is chief investment strategist and co-portfolio manager at Pension Partners, LLC., an investment adviser which manages a mutual fund and separate accounts according to its ATAC (Accelerated Time and Capital) strategies focused on inflation rotation. Prior to this role, Gayed served as a portfolio manager for a large international investment group, trading long/short investment ideas in an effort to capture excess returns. From 2004 to 2008, Gayed was a strategist at AmeriCap Advisers LLC, a registered investment advisory firm that managed equity portfolios for large institutional clients. In 2007, he launched his own long/short hedge fund, using various trading strategies focused on taking advantage of stock market anomalies. Follow him on Twitter @pensionpartners and YouTube at youtube.com/pensionpartners.
The trend higher remains intact, albeit in a somewhat choppy way.
If reflation doesn't occur organically, the ECB will act, meaning this safety trade may soon break.
Given the yen's relationship with U.S. bonds, it's likely to reverse its own strength sometime soon.
Recovering shares across the pond may spur value investors' animal spirits -- and lead to a higher euro.
Such a trade, paired with a short on the dollar, may now be in order.
The Brazilian real will likely continue to weaken further relative to the euro.
Is the Bank of England setting up the currency for a fall as the pound/euro relationship nears resistance?
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