In this insight, we look at whether the recent data justifies a shift by the BoC, and some potential trades.
In this insight, we look at whether the recent data justifies a shift by the BoC, and some potential trades.
There is a high probability that the global economy will tip into recession in the second half of 2024. A long yen position is an excellent hedge against that risk.
The Hamas attack against Israel, timed almost 50 years to the day after a similar surprise attack on Yom Kippur of 1973, has evoked parallels with the 1970s. Parallels not only with Middle Eastern geopolitics then and now, but also…
The Japanese yen has depreciated by 12.6% against the USD year-to-date. This exceeds the 1.6% depreciation and 0.8% appreciation by the euro and British pound against the US dollar respectively. With the higher-for-longer…
According to BCA Research’s European Investment Strategy service, the euro's correction is now advanced. During the first week of the month, EUR/USD briefly dipped below 1.045. Previously, the team argued it would…
Yields remain the force dominating the evolution of markets. A peak in yields would help European assets rebound, but the war in the Middle East could push higher energy prices, with negative consequences for Europe.
Back in May, our foreign exchange team suggested the risk to sterling was to the downside. Indeed, GBP/USD is down 8% from its recent peak. While dollar strength largely explains this move in GBP/USD, there have been other…
This week's Insight gauges the potential of a dollar breakout or breakdown and suggests a few trade ideas.