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EM by EM #43: Rand’s Reckoning?

EM by EM #43: Rand’s Reckoning?

The latest US CPI data clearly indicates that inflation in the US is not yet defeated. With interest rate cuts anticipated further down the line here is our perspective on EM’s

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EM by EM #43: Rand’s Reckoning?

EM by EM #42 China could do with a cold Turkey

While all the hype in EM is about China these days, we are healthy skeptics. We’d like to see Beijing adopt a more structural approach to truly win us over, similar to what they’re doing in Turkey

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EM by EM #43: Rand’s Reckoning?

EM by EM #40: Chinese Promises and Mexican Traps

As we conclude a busy midweek with loads of matter to digest in a global macro we will this week attempt to make an odd synthesis between the recent events in China its importance for price action and how we look at it going forward and Trump’s success in New Hampshire and how we are currently framing the 2016 campaign in the context of the EM space

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EM by EM #43: Rand’s Reckoning?

EM by EM #34: Xi’s whip and Powell’s kneeling

After tonight’s press conference, any doubt about who is driving monetary policy should be dispelled. Powell appears to be allowing the market to dictate and is hesitant to provide significant guidance, in stark contrast to Xi and China, which seem somewhat immobilized yet hesitant to acknowledge reality

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EM by EM #43: Rand’s Reckoning?

EM by EM #33: Early Hikers = Early Steepeners?

Forward curves continue to trend lower in the US and Eurozone. The early adopters are leading the way, but perhaps Yellen’s spending spree will pose another challenge for her EM colleagues. We have taken a look at potential receiver/steepener cases in EM space.

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EM by EM #43: Rand’s Reckoning?

EM by EM #32: Keep calm & Carry Lira?

Turkey is teetering on the edge of normalization, but the Lira’s stability remains in jeopardy as Erdogan manages a difficult situation, albeit from a reasonably advantageous position.

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