We assess the investment implications of the BoJ and Fed meetings, and give our take on the next policy moves. We also assess the impact on asset markets.
The Bank of Japan hiked its policy rate by 15 bps from 0.10% to 0.25% on Wednesday, and announced further quantitative tightening, reducing its pace of monthly bond buying from JPY 6 trillion to JPY 3 trillion. While the central…
Preliminary estimates suggests that the Swedish economy unexpectedly contracted in Q2. The seasonally adjusted GDP Indicator declined by 0.8% q/q, following a 0.7% Q1 rise in actual GDP growth. Flash estimates lack details and…
Investors hope that the ECB rate cuts priced into the curve will be sufficient to achieve a soft landing in Europe. History argues against this view, but will this time be different?
This report takes a look at bond and FX market technical indicators and calibrates the decision to increase portfolio duration and get long the US dollar.
UK’s CPI growth stands right on the Bank of England’s (BoE) 2% target. However, services inflation remains sticky, growing at a constant 5.7% y/y in June. Moreover, the deceleration in wage growth remains insufficient…
The yen rallied against most major currencies in July and has climbed close to 3.5% so far this month against the greenback. Resurfacing suspicion of central bank interventions to prop up the currency is one of the factors…
As Trump’s victory odds rise, the underperformance of European equities deepens. How negative would a global trade war be for European assets?
We review some of the key data releases this week that we find have an impact on our currency strategy. Long yen positions make sense today. Long sterling and the euro bets are more of a judgment call, and we will fade any strength…
The four ASEAN stock markets (Indonesia, Malaysia, Thailand, and the Philippines) have fallen in absolute terms over the past year despite the powerful rally in the developed markets. They have also underperformed their EM…