The focus for the last couple of months has been on the US and China, and few other regions in between. With the strength of the US Dollar, it’s been a challenge to look at investing in other regions. The Euro Area has done very well, despite the threat of tariffs and a slowdown in the economy.
Today we look at another country where equities are already gaining ground. However, we’ve been waiting to make a move because we’ve wanted the macro and the technicals to line up.
Interestingly enough, we also think the currency set is also favorable for a long in due course and while I am always biased towards equities, a tactical position in the currency is also a valid idea in a month.