by Ryan Littlestone | July 31st, 2020, 13:30:21 | Research
Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research The volume of retail sales – the value of the sale of goods adjusted for domestic inflation – rose a faster-than-expected 14% mom in June. In level terms UK retail sales were only 1% below the...
by Ryan Littlestone | July 21st, 2020, 10:13:02 | Research
Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research Chinese GDP growth (seasonally-adjusted) was 11.5% qoq in Q2. This was stronger than consensus forecast (+9.6% qoq) and more than reversed Q1 contraction of 9.8% qoq. This record-high growth...
by Ryan Littlestone | July 14th, 2020, 09:41:46 | Research
Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research Price action in major currencies was again subdued last week. With few tier-one macro data releases for markets to trade off the focus was on the reaction function of governments and central...
by Ryan Littlestone | July 2nd, 2020, 10:14:05 | Research
Fixed Income Research & Macro Strategy (FIRMS) – 4X Global Research Major currencies, equity markets and the price of crude oil since 8th June – the cycle low in the US Dollar – have exhibited reasonably limited directionality, narrow trading ranges and very low...
by Ryan Littlestone | June 19th, 2020, 08:23:51 | Research
Fixed Income Research & Macro Strategy (FIRMS) – 4X Global Part One of this Five-part series of Insights into the UK economy and financial markets examines the devastating impact which the national lockdown – introduced on 23rd March – has had on domestic economic...
by Ryan Littlestone | June 9th, 2020, 10:58:42 | Research
Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research While GDP data for Q1 are now “old” and seemingly of limited use, it makes little sense to forecast global growth in Q2 and beyond without at least knowing the starting point. We estimate,...
