Rates: Risk-on can’t mean cuts
We have identified a change in rates market psychology; it shows that rates are peering down, but we’d prefer to bet against this as a tactical…
Japan: No bounce
Things in Japan aren't looking as promising as we anticipated, with net trade the biggest scope for disappointment. This isn't too surprising in…
FX: Non-dollar opportunities
The Fed pause and the US: China trade truce has improved the external environment and allowed under-valued currencies to recover. As long as the trade…
The Brexit impasse in the UK shows no signs of breaking. The EU is refusing to budge on the Irish backstop, while Prime Minister May is still reluctant to…
The Chinese economy is weakening on several fronts and not just because of the US-China trade war. In response, the government is looking for ways to…
Eurozone: Don’t mention the 'r-word' just yet
US: Biding its time
Global Trade: Downs and ups?
