At today’s monetary policy meeting, the ECB gave strong hints that rate cuts will begin as soon as the next meeting in June. In this Insight, we share our thoughts on today’s meeting and discuss the implications for European bond…
In terms of interest rate bets, markets are now roughly neutral on whether the Fed or Bank of Canada move the most in the next 12 months. BCA Research’s Foreign Exchange Strategy service’s bias is that it will be the…
In this insight, we calibrate our investment views based on the latest Bank of Canada decision.
Gold and bitcoin are conceptually joined at the hip because the value of both comes from their ‘non-confiscatability’ by inflation, by bank failure, and in the case of bitcoin, by state expropriation. The sharp recent rallies in both…
Short speculative positions on Bitcoin at the CME are near theie highest level on record. Some financial commentators have suggested that this bearish positioning in bitcoin could act as kindle and spark a short squeeze. But…
BCA Research’s Foreign Exchange Strategy service maintains a neutral view on the dollar for the next three months. The team continues to believe that the dollar is due for a long-term bear market, but momentum is in…
In this report, we review our trade recommendations based on incoming data in the last month.
The final UK S&P Global Services and Composite PMIs for March were both revised down slightly from their flash estimates. While the report indicates that activity is still expanding, there has been a clear loss in momentum…
Climbing US bond yields, alongside higher oil prices, might spoil the party for global risk assets. There are budding cracks in EM domestic bonds, and even though we like this asset class in the long run, investors exposed to it…
The soft-landing narrative dominated the behavior of financial markets in March, with most major global risk assets posting above average returns. In particular, the burgeoning ‘risk on’ sentiment led to a rally…