Crude oil prices peaked in early March this year, but among the commodity and G10 currencies, the Canadian dollar has fared relatively better. Since the peak in oil prices, NOK, AUD and NZD are down over 1%. The CAD is however up…
Dear Client, We are sending you our Strategy Outlook today, where we outline our thoughts on the macro landscape and the direction of financial markets for the rest of 2021 and beyond. Next week, please join me for a webcast on…
Highlights Biden’s policy on China is hawkish so far, as expected, but temporary improvement is possible. We are cyclically bearish on the dollar but are taking a neutral tactical stance as the greenback’s bounce could go…
BCA Research believes the US dollar is experiencing a countertrend rally within a bear market. However, the DXY is up 2% ytd and continues to face upside pressure, raising the question of whether this move will morph into a new…
Dear Client, Dhaval Joshi has started publishing the new BCA Research Counterpoint product, in which he will continue to apply his unique process to dig up original investment opportunities around the globe. I trust many of you will…
BCA Research’s Foreign Exchange Strategy service concludes that the dollar will remain the global reserve currency for years to come. However, a slow pivot towards reserve diversification will act as a structural headwind…
Highlights The latest “dot plot” from the Fed reaffirmed the FOMC’s intention to keep rates near zero for at least the next two years, despite evidence that the US economy will recover from the pandemic much faster…
Dear client, Next week, in lieu of our weekly report, I will be hosting a webcast on Thursday, March 25 at 10:00 am EDT and Friday March 26 at 9:00 am HKT. I look forward to your comments and questions during the webcast. Best regards…
Highlights We are lowering our expectation for oil-demand growth this year, bringing it more in line with levels expected by OPEC, the IEA and EIA. Our GDP-driven demand estimates have proven too bullish for 1Q21, considering the…
Highlights The report from last week’s National People’s Congress (NPC) indicates a gradual pullback in policy support this year. Fiscal thrust will be neutral in 2021, whereas the rate of credit expansion will be slightly…