We have updated our liquidity models and found a relatively firm shift from benign- to tighter liquidity conditions ahead in May and June. How will changing liquidity impact markets in USD, EUR, JPY and CNY? Let’s have a look at it.
Welcome to our monthly update of our Macro Regime Model, which provides a forward-looking guidance into tactical asset allocation. The “QE-like” environment that we predicted for March proved spot on, but partly for the wrong reasons. Will the QE-vibes continue?