QCAM MONTHLY

The dynamics of markets is a strong reminder to investors: FX also matters! As currency experts, we at QCAM are always close to the markets to analyse risks and opportunities and turn that into successful investment strategies. Contact us – we look forward to showing you new perspectives.

Abe's legacy and the Yen

07.09.2020 | Issue #59| QCAM MONTHLY 

 

The new QCAM MONTHLY covers all aspects of FX Markets, Research and Strategy plus other relevant areas of the economy and provides you with information on QCAM offers and services – all in a concise and compact way. And for free, of course.

 

QCAM Insight

Shinzo Abe leaves a mixed legacy. He broke the deflationary spiral, but failed to complete Japan’s reflation and made debt-monetization an accepted policy tool. The JPY gradually appreciated in recent years and we believe will slowly strengthen further because the rest of the developed world is becoming more like Japan yet the JPY remains a net-savings and safe-haven currency.

 

Economy and Interest Rates

Global economic activity continued to recover in August and forecast revisions have broadly changed to the upside. The recovery is now moving from the re-opening rebound to a second more cyclical phase, which is still marked by significant corporate balance sheet and labor market distortions, while the course of the Corona pandemic remains an uncertainty.

 

FX Markets

The USD has dropped on balance 3.5% over the last month but not equally. European currencies (EUR, CHF, GBP and SEK) have been strong gainers versus the USD irrespective of their fundamental strengths and risk issues, while…

 

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.

 

 

 
Download: QCAM MONTHLY September 2020
 

 

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