The other day, I was asked which are the key markets to look at to understand the world. The hit list. This is something like the flavor (market) of the day. It keeps changing. Especially when the flavors start to get stale or neglected. The flavors are only as good as the needs of the customer (the market participant). In other words, it is not me who decides the flavor, but the customer who decides it. And this customer just happens to be terribly whimsical, forcing a change in the flavor every so often.
For today, the markets are GBP/USD, EUR/USD, US 10s, WTI crude, and the MSCI EM Index. But tomorrow, this could very well be different.
By Chartonomist.
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