Dear Client, We are sending you our Strategy Outlook today where we outline our thoughts on the global economy and the direction of financial markets for 2022 and beyond. Next week, please join me for a webcast on Friday, December 10th…
Highlights Financial markets in both mainstream EM and China are undergoing an adjustment that is not yet complete. EM equity and currency valuations are neutral. When valuations are neutral, the profit and liquidity cycles become the…
Mr. X and his daughter, Ms. X, are long-time BCA clients who visit our office toward the end of each year to discuss the economic and financial market outlook for the year ahead. This report is an edited transcript of our recent…
Emerging market currencies have weakened sharply over the past two weeks. The JP Morgan EM currency index is now at lows last seen during the initial COVID-19 shock in spring 2020. The significant selloff raises the…
Highlights There are a few consistencies with the dollar breakout. Global growth is peaking and the risk of a significant slowdown early next year has risen. As a momentum currency, further gains in the DXY remain very high in the…
BCA Research’s Foreign Exchange Strategy service is shifting its near-term target for the DXY to 98 from 95. The market is now pricing in that the Fed will raise interest rates much faster, compared to earlier…
BCA Research’s Counterpoint service recommends long-term investors should place up to 5 percent of their assets in cryptocurrencies. To understand the investment case for cryptocurrencies, it is important to realise that…
Dear Client, Next week, we will be sending you BCA Research’s Annual Outlook, featuring long-time BCA client Mr. X, who visits towards the end of each year to discuss the economic, financial and commodity market outlook for the…
Highlights Indonesian domestic demand is struggling to recover in the face of a very tight policy settings. Exceptionally high real borrowing costs continue to hurt non-financial sectors. This will hurt banks too as credit is stymied…
The Mexican peso has weakened sharply vis-à-vis the USD over the past three weeks, dropping to its lowest level since early March. It was the second worst performing emerging market currency on Wednesday, falling nearly 1…