Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
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Weekly FX Chartbook: UK data will be a test of GBP resilience
Charu Chanana
Chief Investment Strategist
Summary: Broader markets continue to price in a more aggressive Fed but dollar still ended the week nearly unchanged despite a significant plunge in yields. This could partly be a result of haven demand as risks of Mideast conflict escalating are on watch, but also signals the less optimistic ex-US growth outlook. Macro and positioning data continues to point towards more GBP upside, and inflation and jobs data will be on watch.
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Other recent Macro/FX articles:
12 Jan: Markets ignore CPI uptick, Mideast tensions could fuel haven and oil-related FX
9 Jan: FX Quarterly Outlook: High yielding currencies will start to lose their appeal
9 Jan: US CPI Preview: Markets could be sensitive to an upside surprise
8 Jan: Macro and FX Podcast: Upcoming US CPI figures, USD momentum, and musings on China
8 Jan: Weekly FX Chartbook: Room for tactical gains in USD
18 Dec: Macro and FX Podcast: Watch USD sentiment and BoJ hints on rate policy
18 Dec: Weekly FX Chartbook: Dollar to end 2023 in a bearish trend
15 Dec: ECB’s policy mistake, Bank of Japan comes next
13 Dec: Fed has a final chance to pushback on rate cut expectations
11 Dec: Weekly FX Chartbook: Relative Fed and ECB policy messaging to matter more than absolute stances
11 Dec: Macro and FX Podcast: Will central banks, inflation, and PMIs deliver fireworks?
8 Dec: Exploring the impact of US NFP on different asset classes, BOJ will stick with gradualism
5 Dec: RBA under-delivers: AUD momentum could turn bearish, particularly on the crosses
4 Dec: Weekly FX Chartbook: Dovish Fed and ECB bets picking up
4 Dec: Macro and FX Podcast: Key macro data this week, the USD slide ended and gold is on the move
1 Dec: USD in a dovish fatigue, EUR gives up 1.10, and markets look to Powell
Latest Market Insights
Quarterly Outlook
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Quarterly Outlook
Equity Outlook: Will lower rates lift all boats in equities?
Peter Garnry
Chief Investment Strategist
After a period of historically high equity index concentration driven by the 'Magnificent Seven' sto... -
Quarterly Outlook
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Charu Chanana
Chief Investment Strategist
As we enter the final quarter of 2024, currency markets are set for heightened turbulence due to US ... -
Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
The Fed started the US rate cut cycle in Q3 and in this macro outlook we will explore how the rate c... -
Quarterly Outlook
Commodity Outlook: Gold and silver continue to shine bright
Ole Hansen
Head of Commodity Strategy
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Quarterly Outlook
FX: Risk-on currencies to surge against havens
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Explore the outlook for USD, AUD, NZD, and EM carry trades as risk-on currencies are set to outperfo... -
Quarterly Outlook
Equities: Are we blowing bubbles again
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Chief Investment Strategist
Explore key trends and opportunities in European equities and electrification theme as market dynami... -
Quarterly Outlook
Macro: Sandcastle economics
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Chief Investment Strategist
Explore the "two-lane economy," European equities, energy commodities, and the impact of US fiscal p... -
Quarterly Outlook
Bonds: What to do until inflation stabilises
Althea Spinozzi
Head of Fixed Income Strategy
Discover strategies for managing bonds as US and European yields remain rangebound due to uncertain ... -
Quarterly Outlook
Commodities: Energy and grains in focus as metals pause
Ole Hansen
Head of Commodity Strategy
Energy and grains to shine as metals pause. Discover key trends and market drivers for commodities i...
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