The communication policy of the European Central Bank attracts a lot of attention from financial markets. This paper analyses the informational content of the monthly introductory statements of the ECB president explaining interest rate decisions with regard to inflation expectations of...

This paper suggests that exchange rates are related to economic fundamentals over medium-term horizons, such as a month or longer. We find from a large panel of individual professionals' forecasts that good exchange rate forecasts benefit from the proper understanding of fundamentals,...

Macroeconomic investment strategies for an era of economic uncertaintyWith macro forces governing the post-credit crisis world, and most likely to remain dominant for some time to come, the power of the business cycle is once again in the spotlight. In this type of environment, stock picking...

Explains the complex, multi-faceted dimensions of Global Macro in a way that is understandable and practical for individuals at all levels of financial competencies; provides a comprehensive overview of global macro trading, which consists of portfolio construction, risk management, biases and...