Everybody’s wondering whether Brexit will matter. With futures flat and currencies seemingly in the spotlight, we’ll spend the day revisiting our forecast for various currency pairs.
We’ll also take a look at oil and gas. These are the last few days of the month. And, given that gas prices are up about 28% YoY, we’ll examine the implications for March CPI due to be released in two weeks time.
First, a quick look at the markets, which are seemingly back under central banker control. In fact, there’s a VIX plunge waiting in the wings (the red arrow) for any bears who have thoughts to the contrary.
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