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Investment Bank Outlook

Investment Bank Outlook 26-09-2022

BNY MellonThe Message Gets Through, FinallyThe FOMC last week finally broke the spell markets had been under, leaving them now spooked by the prospect of the 'pain' that Chair Powell has warned is the...

Investment Bank Outlook 23-09-2022

BNY MellonHedge Funds Search For ValueOver the past week, we met with many long-only and leveraged investors in London and Cape Town. Several highlighted the chaotic nature of markets, with no clear...

Investment Bank Outlook 20-09-2022

BNY MellonRiksbank to Get More AggressiveThe Federal Reserve is not the only G10 central bank with the potential to hike 100bp this week. Considering the length of time since the last central bank...

Investment Bank Outlook 19-09-2022

BNY MellonUS Recession Risk RisingWe expect the Federal Reserve to raise the federal-funds target range rate by 75bp at the conclusion (Wednesday) of this week's FOMC gathering. We have revised up our...

Investment Bank Outlook 16-09-2022

Credit AgricoleCurrency Wars 2.0The commodity terms of trade supply shock that has rocked the global economy so far this year continues to reverberate across FX markets. The shock has fuelled...

Investment Bank Outlook 15-09-2022

BNY MellonMind The UK Consumption GapOn the face of things, the latest UK labour market data likely provides the Bank of England with some relief. Nominal incomes are still growing at a relatively...

Investment Bank Outlook 14-09-2022

BNY MellonAPAC Exports Shock ComingMacro data from APAC over the past week showed continued deterioration; bright spots were scarce. While China's August credit data appeared strong on a headline...

Investment Bank Outlook 13-09-2022

BNY MellonHousehold Debt Drags G10 Commodity FXOne of the most stable groups of positive holdings in iFlow this year has been the G10 commodity currency trio of CAD, NOK and AUD. From initial fears of...

Investment Bank Outlook 12-09-2022

BNY MellonUSD Strength Not Due to Interest RatesAlthough it faltered somewhat at the end of last week, the US dollar has been on a tear since the middle of August. The US Dollar Index (DXY) was up...