In a new survey that polled 130 analysts, consultants, journalists, finance specialists, real-sector heads, policy-makers and portfolio managers, 75% forecast that the UK electorate will vote in favour of the UK remaining in the European Union (EU) in the 23rd June referendum.
Dovish global central bank policy, led by
the US Federal Reserve, and a rise in the global price of energy, metals and
other commodities have been key drivers of the rally in global risk appetite since
Specifically, the US ...
Back in 2009, a research team at Nomura put forth the theory
that investors should treat commodities as currencies and apply macro tools
such as carry, value and momentum trades.
Creating a Macro Commodity Strategy (MaCS) based on this
theory, the ...
Much has been made of the recent weakness
of sterling. Today, the Bank of England’s trade-weighted sterling index has
dropped to its lowest level (83.89) since December 2013. The sell-off is
inevitably being at least partially attributed to fears that the ...
Figures released by the Society for
Worldwide Interbank Financial Telecommunication (SWIFT) today reveal that
nearly 40% of financial institutions worldwide have adopted RMB when exchanging
payments with China and Hong Kong.
1,131 banks used the RMB in payments with
China and Hong ...
Policy improvement and cooperation between monetary and
fiscal policy is essential in order to avoid a major currency or debt crisis,
according to a new academic paper.
Written by Richard Preschern, co-founder and chief risk
officer at FX Vision, and ...
Monetary policy, in developed markets at least, increasingly seems a case of words speaking louder than actions. At its policy meeting on 26 January, the European Central Bank delivered nothing but its commitment to deliver on its mandate of 2% inflation and ...
The Bank for International Settlements (BIS)
released two new reports, highlighting the structure and liquidity of fixed
income markets and finds that while recent market changes do not appear to have
had a negative effect on liquidity, in times of ...
A Goldilocks Year, not
too hot, not too cold is our central scenario for 2016, and it would look
something like this:
accelerates a little in 2016 to 3.5%, after 3.2% in 2015. Inflation in
developed markets (DM) recovers back to 2% targets, but ...
Markets have started the new year under
pressure, with Chinese equities down 7% on 4 January (before automatic circuit
breakers kicked in), the Dow Jones shedding 1.6% and the FTSE nursing a 2.4%
loss – the worst first trading day losses for many years. Some ...