QCAM Insight
Uncertainty surrounding the US debt ceiling has been removed. The focus is back to growth, inflation and monetary policy. The USD bear trend is fading with the global recovery theme. However, the situation is more mixed than it was a year ago and the USD is less likely to outperform across the board. The JPY has the best precondition to shine, while the EUR is more likely to struggle and the USD sits somewhere in-between…
Economy and Interest Rates
The recoveries of business sentiment and consu-mer confidence are stalling and the period of positive growth forecast revisions is over pointing to a global slowdown. China’s recovery from the lock-down was strong but short-lived, while the impact of…
FX Markets
The USD rebounded in May with the USD DXY up 2.8%, but performance was mixed. The NZD appreciated and the CAD was flat, while the SEK followed by the NOK depreciated the most. Among EM currencies, the BRL managed further gains, while the TRY plunged after the elections. Overall…
FX Analytics
There have been several signal changes since the last Monthly which reduced on balance the overall short USD position to neutral. Notably, Macro went from long EUR and CHF to neutral, Business Sentiment…