1. Time for a Dollar pause
2. Short squeeze stretched?
3. Risk-reward shifts back to a steeper US yield curve
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript
1. Time for Dollar pause
Qi's snapshot of global FX shows the Dollar as rich versus a wide range of both DM & EM currencies.
But there are some interesting nuances:
· the Dollar is consistently rich versus its G7 peers with USDJPY the standout. Interesting in the context of a fractured Parliament which could curb Takaichi’s easy- policy plans, challenging the weak-Yen consensus.
· $-Asia is the main EM mover; $-LatAm typically sits near fair value.
· what commodity super cycle? Given the bull narrative around real resources, why aren't AUD, Kiwi, CAD doing better?
Read more by downloading the PDF below
Related Articles
Identify price dislocations, opportunities, regimes and sensitivities
1. S&P 500 - Same Data, New Regime
2. Rotation Risk: QQQ Looks Stretched vs IWM
3. Re-visiting FX carry
Identify price dislocations, opportunities, regimes and sensitivities
1. Equity bears need a Plan B?
2. Poor risk-reward in credit
3. Bonds vs Commodities: more to give
Identify price dislocations, opportunities, regimes and sensitivities
1. Cyclicals are at new highs. Macro isn’t there yet.
2. Europe HY Looks the Vulnerable Trade
3. QQEW: The One Still in Regime
Identify price dislocations, opportunities, regimes and sensitivities
1. KWEB looking interesting again, especially vs. FDN
2. USDJPY: Intervention Can Slow It. Not Stop It.
3. TU: Cheap Enough to Matter Again