by Ryan Littlestone | July 11th, 2019, 17:18:59 | Research
Fixed Income Research & Macro Strategy (FIRMS) – 10 July 2019 European Central Bank President Mario Draghi will step down at the end of his eight-year term on 31 October. Christine Lagarde, the head of the IMF – which has implicitly called for looser global...
by Ryan Littlestone | March 15th, 2019, 12:10:48 | Research
Fixed Income Research & Macro Strategy (FIRMS) – 15 March 2019 There is no formal definition of what constitutes a safe haven currency. However, it will normally exhibit a number of related characteristics, including i) high trading volume and liquid financial...
by Ryan Littlestone | January 11th, 2019, 16:19:04 | Research
Fixed Income Research & Macro Strategy (FIRMS) – 10 January 2019 This report examines the monthly seasonal patterns of 32 major Nominal Effective Exchange Rates (NEERs) going back to January 2011, using 76,600 daily data points. The NEER provides a more accurate...
by Ryan Littlestone | October 23rd, 2018, 16:20:55 | Research
Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research · The Dollar remains range bound, with the Nominal Effective Exchange Rate stuck in a 1.5% wide-range since early August, in line with our view. · Market pricing of Fed hikes in...
by Ryan Littlestone | September 3rd, 2018, 08:57:12 | Research
Fixed Income Research & Macro Strategy (FIRMS) So far this year we have identified six broad phases for the US Dollar which have lasted from a couple of weeks to two-and-a-half months. This provides a useful starting point to analyse how the Dollar, Renminbi and...
