BCA Research's Foreign Exchange Strategy & Global Investment Strategy services conclude that the US dollar is likely to weaken over the next 12 months as global growth accelerates and the narrowing in real interest rate…
Highlights The US dollar is likely to weaken over the next 12 months as global growth accelerates and the narrowing in real interest rate differentials continues to thwart the greenback. Theoretically, the relationship between…
Highlights The strong rally in certain mega-cap stocks has masked the muted revival in the broad equity universe. Limited fiscal stimulus and a broken monetary transmission mechanism herald lackluster economic and profit recoveries.…
The biggest developments overnight Sunday were geopolitical. President Donald Trump signed an executive order to provide more relief to Americans. Then China fired a new salvo in the geopolitical war with the US. In a nutshell,…
A tactical trading opportunity has also opened up to go short the NZD/CAD cross. First, the New Zealand stock market is the most defensive in the world, given the high concentration in consumer staples, healthcare and telecom…
BCA Research's Foreign Exchange Strategy service continues to favor the British pound over the long term due to its cheap valuation. The key development in the UK’s balance-of-payment dynamics is that…
Even after the recent selloff in the TRY, BCA Research's Emerging Markets Strategy service remains negative on Turkish stocks, local currency bonds and credit markets relative to their EM counterparts. Turkey is facing…
China: The Recovery And Equity Dichotomy China’s economic recovery has been gathering steam, and policymakers have become reasonably confident about the growth outlook. In fact, transaction activity in the property market has…
Please note that we will be on our summer holidays next week. Our next report will come out on August 20. Highlights The 30-year bond yield is the puppet master pulling the strings of all other investments. Where 30-year bond…