BNY MellonEUR holdings data for this week shows shorts in excess of those seen in the post-pandemic days of October 2020 (see chart). Back then, investors were caught offside as such shorts turned...
Investment Bank Outlook 18-08-2022
INGThree FX Takeaways From the FOMC MinutesReading through the FOMC minutes last night, we took away three key points for the FX market.The Fed felt that the appreciation of the dollar was helpful in...
Investment Bank Outlook 17-08-2022
BNY MellonSluggish demand from corporates and households was the feature of China's macro data in July. While M2 credit growth accelerated 12.0% y/y, the fastest pace since early 2016, similar upward...
Investment Bank Outlook 16-08-2022
Credit AgricoleChina: A Surprise Rate CutJuly activity data surprised to the downside by a wide margin, indicating weaker domestic demand amid Covid curbs and property market woes. The growth recovery...
Investment Bank Outlook 15-08-2022
BNY MellonInflation Peaks, But Fed Stays HawkishLast week delivered encouraging news on the US inflation front. Data across a range of inflation and related indicators suggest pressure is easing...
Investment Bank Outlook 29-07-2022
Credit AgricolePast peak Fed hawkishness and peak USD?The most popular trade of 2022 so far has been to be long the USD, which relies on an increasingly hawkish Fed to continue to push the currency...
Investment Bank Outlook 28-07-2022
Credit AgricoleA second 75bp hike to curb inflationAs widely expected, the Fed delivered a second 75bp rate hike in its fight against four-decade high inflation prints, taking the policy rate to...
Investment Bank Outlook 27-02-2022
Credit AgricoleCould the US economy already be in recession?The advance Q2 GDP report is set for release later this week, and while the Bloomberg consensus and our own forecast sit in positive...
Investment Bank Outlook 26-07-2022
Societe GeneraleFocus switches to the US, even if there’s a very strong consensus about what the FOMC will decide on Wednesday. After a week in which the market was more focused on the ECB, Italy and...
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