«Launch of Fund: QCAM Short Term Fixed Income USD»
After thirteen years of successfully managing USD liquidity for clients, QCAM has just launched a USD liquidity fund to a wider investor base that transforms the safety of sound short-term Swiss credits into attractive USD returns. The QCAM Short Term Fixed Income USD Fund (QCAM STFI USD) offers investors liquidity, superior returns and reduced credit and market risks …
«A new Trend or more Volatility»
Falling market confidence in US policy stability triggered by the tariff turmoil has undermined the USD. De-Dollarization is now a risk. On the other hand, the USD retains unparalleled advantages that no other currency is likely to acquire in the short-term. The result …
Economy & Interest Rates
We have lowered our global growth forecast for 2025 by half of a percentage point led by a reduction of the US growth estimate to 1%. Business sentiment and consumer confidence declined further in April following the tariff turmoil and ongoing …
FX Markets
The USD DXY declined 4.4% in with the biggest gains for the CHF followed by the EUR and the dollar commodity currencies trailing behind. EM currencies were on balance stronger as well but with more dispersions. Net long speculative USD positions …
FX Analytics
There have been few position changes since the last QCAM MONTHLY. The discretionary Macro positions remained all unchanged (neutral except for long JPY) but the Macro carry model went short JPY. Business Sentiment moved long JPY and went short CAD and the balance of all Business Sentiment positions remains moderately short USD. Technical went …