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Investment Bank Outlook

Investment Bank Outlook 31-08-2022

Credit AgricoleEurozone inflation: August HICP preview and updateThe preliminary inflation data in August published so far –in Spain, Germany and Belgium –provided few surprises. All in all, YoY...

Investment Bank Outlook 30-08-2022

Credit AgricoleSell USDJPY IdeaThe biggest drivers of the USD/JPY’s rally remain the US-Japan short-term rates differential as well as the USD’s safe-haven with yield appeal. We doubt the exchange...

Investment Bank Outlook 26-08-2022

BNY MellonJackson Hole Conference Productivity FocusFederal Reserve Chairman Powell's breakfast speech this morning in Wyoming will be focusing on the main topic of the Kansas City Fed's Jackson Hole...

Investment Bank Outlook 25-08-2022

Credit AgricoleEMFX has lost ground vs the USD since mid-August. EMFX traditionally underperforms in August compared to most other months of the year. So far, August 2022 does not seem to be an...

Investment Bank Outlook 24-08-2022

BNY MellonKRW: Balancing Growth & InflationSouth Korea's economic recovery so far this year has been mixed. While better-than-consensus GDP in Q2, 0.7% q/q and 2.9% y/y, showed signs of...

Investment Bank Outlook 23-08-2022

BNY MellonPrice Relief From China's SlowdownPolicy expectations have recovered over the past month as inflation risk globally is showing little sign of easing. FOMC expectations remain the marginal...

Investment Bank Outlook 22-08-2022

BNY MellonMarkets have finally started to listen to the Federal Reserve, it would seem. The minutes of the July 26-27 FOMC meeting, released last Wednesday, were initially taken as dovish. But by the...

Investment Bank Outlook 19-08-2022

BNY MellonEUR holdings data for this week shows shorts in excess of those seen in the post-pandemic days of October 2020 (see chart). Back then, investors were caught offside as such shorts turned...

Investment Bank Outlook 18-08-2022

INGThree FX Takeaways From the FOMC MinutesReading through the FOMC minutes last night, we took away three key points for the FX market.The Fed felt that the appreciation of the dollar was helpful in...