QCAM Monthly November 2022

QCAM Insight

FX markets remained volatile in October driven by changing market perceptions of relative monetary policy adjustments. We believe these conditions will prevail until year-end. The JPY remains a special case. The combination of accommodative fiscal and monetary policies risks further JPY weakness in the near term. However, the current policy mix…

Economy and Interest Rates

Growth forecasts have been revised further down and are approaching recession levels for several economies in 2023. Consumer confidence is already in recession territory and business sentiment is approaching recession levels. The near-term risk of recession is highest in Europe (energy shortage), while the risk of recession in the US…

FX Markets

The USD was broadly unchanged in October but with large swings over the month and opposing currency moves. The GBP was the biggest gainer following the change in leadership, while USDJPY…

FX Analytics

Going into more detail: Based on our proprietary analytical framework to take scalable exchange rate positions we are taking a close look on individual currency pairs.