Blog

2019 Market Outlook from UniCredit

The Macro & Markets 2019-20 Outlook named “Get defensive as growth slowdown looms” from UniCredit research team.

Building trade war risk remains key focus for FX market

FX Daily Snapshot from Bank of Tokyo-Mitsubishi UFJ Currency Analyst: Lee Hardman.

Global Fund Manager Survey from BAML

January BofAML Fund Manager Survey. Survey period: 5th to 11th January 2018. An overall total of 213 panellists with $591bn AUM participated in the survey. 183 participants with $526bn AUM responded to the Global FMS questions and 94 participants with $197bn AUM responded to the Regional FMS questions.

HSBC GBP Forecast Update

In this report written by HSBC strategists David Bloom and Daragh Maher you can find revised 2017 year-end forecasts for GBP/USD and EUR/GBP and expectations for 2018.

Micro USD correction – HSBC AM/FX Note

Trading view from Brent Donnelly, spot FX trader at HSBC, the author of a well-known daily FX commentary called AM/FX,

Emerging Markets Strategy from Morgan Stanley

The increasing use of ETFs in EM has prompted a debate around potential bearish cascade-type liquidation once volatility returns to this asset class. We investigate this thesis and conclude that the concerns about EM ETFs are overblown.

ECB QE and external flows

A research note from BNP Paribas about ECB QE reduction and its FX impact. Bottom line: whichever way you look at it, it is difficult to avoid the conclusion that reduced ECB QE will – all other things being equal – be a force for a stronger euro. Other things are not equal, however…

HSBC Currency Outlook – GBP: Weakness to remain

The Conservatives have hung onto power, albeit only just. Uncertainty abounds: this could complicate Brexit negotiations and the domestic policy agenda will be constrained. We retain our GBP-USD forecast of 1.20 for year-end. The election may be over but the politics has just begun.

Morgan Stanley Forex Forecast Update

We expect the global economy to pick up and for risk to remain supported over the coming year. Combined with a still high degree of monetary accommodation from DM central banks, we expect USD to weaken moderately and EM FX to stay supported.

ING Research: Can anything get in the way of a stronger Euro?

ING Economic and Financial Analysis – Our answers to this month’s big questions.

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