Economics

BofA Global Fund Manager Survey – July 2024 Update

“In Soft We Trust” Preview of the latest BofA Global Fund Manager Survey report (July 2024) Try FXWatcher subscription for one week and gain access to a variety of institutional markets research What’s inside this report? Some extracts from the report are shown below: July 2024 BofA Global FMS takeaways Bottom line: FMS investors remain […]

Goldman Sachs Top of Mind: Europe at a Crossroads

Allison Nathan, Editor at Goldman Sachs and Co. LLC : “Europe’s forceful pandemic response, including an unprecedented program of fiscal risk sharing, combined with a new ruling coalition in Germany that’s likely to break from the fiscal conservatism of the Merkel era, looks set to put the Euro area on a path towards increased integration, […]

Morgan Stanley Sunday Start Weekly Report

A Weekly publication from Morgan Stanley covering all major upcoming global macro events and a summary for the past week.

US Equity Market Outlook 2020 – J.P.Morgan

Let’s take a look at J.P.Morgan’s house views explained in US Equity Market Outlook 2020, which was published in December 2019 – before all fears caused by Coronavirus started to influence the markets. Extract from the report: “In 2019 the market faced two key headwinds, drag from tighter monetary policy and a substantial increase in […]

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.

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.

2017 Global Market Outlook – Focus on Europe

Core scenario: Global reflation to get a boost from a recovery in consumption and investment as political risks ease in Europe. Trump’s tax cut plan is likely positive for ‘reflation’. Asia and Emerging Markets are benefitting from a rebound in global trade.

JPMorgan View – The global and the local view

The world has pulled out of recession and deflation zone, and is now likely growing at a steady pace, just below 3 %,but only 0.2 % above potential, with balanced risk. Global macro vol has fallen to a new record low.

As close to the market as you can get...