In this Insight, we discuss the outlook for monetary policy in New Zealand after this week’s RBNZ policy meeting, and introduce related fixed income and currency trade ideas.
Q3 US real GDP was revised higher in the second estimate that was released on Wednesday. The 5.2% q/q annualized increase beat expectations of a more muted upwards revision to 5.0% q/q from the advance estimate of 4.9% q/q. In…
Recent Euro Area economic data have been sending a less pessimistic signal. Wednesday’s releases are in line with this trend. The European Commission’s confidence indicator shows a mild improvement in economic…
The Reserve Bank of New Zealand (RBNZ) held its key interest rate steady at 5.5% at the November policy meeting yesterday. That decision was as expected, but the messaging surrounding the announcement was surprisingly…
According to BCA Research’s Bank Credit Analyst service, events that have occurred since the onset of the pandemic have highlighted that the easy money era that prevailed from 2009-2021 is very likely over. The Fed will…
After widening since mid-year, the spread between German bunds and Italian BTPs has been narrowing over the past month. What is driving this move? Our Chief Global Fixed Income Strategist highlighted in Tuesday's BCA Live…
Today, we are sending you the BCA annual outlook for 2024. The report is an edited transcript of our recent conversation with Mr. X and his daughter, Ms. X, who are long-time BCA clients with whom we discuss the economic and…
This report looks at the prospects for the Swedish krona, following the pause by the Riksbank.
US durable goods orders delivered a negative surprise on Wednesday. New orders for manufactured durable goods dropped by 5.4% m/m in October, below consensus estimates of a 3.2% m/m decline. Moreover, the September increase was…
Poland’s inflation will stay elevated. And yet, its return to the European mainstream has improved its financial market outlook. Accordingly, we are recommending new trades on Polish equity, fixed income, and currency.