Chinese – US Policy Uncertainty
The recent phone call to from the president of Taiwan to Trump certainly inflated the Chinese and increased uncertainty in Asia. In contrast to a Clinton victory, China is going…
Italian Referendum
The Italian Referendum is a potential macro risk. The vote is for a more simplified government so that changes can be implemented easier. It is in fact a vote for…
OPEC Forecast
We have taken a speculative position on the OPEC meeting in November. There are arguments for both a deal and also a no-deal scenario. I will briefly discuss both scenarios,…
FED Rate Forecast
Today the PPI (Producer Price Index) not including food and energy came in negative. The CPI (Consumer Price Index) is the next one to look at. Irregardless inflation expectations…
FED Rate Forecast & FMOC Minutes
The FMOC meetings confirm a divided FED. This should be expected at turning points at times of uncertainty. Our view has always been that the November rate hike was highly…
Bank of Japan – Key Decision Ahead
The Bank of Japan has key decisions to make tomorrow. In fact, this meeting is seen as more important than the FED meeting by the market since the range of…