Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Event-Driven

The saga of <a href="https://www.smartkarma.com/entities/391" target="_blank" data-smartkarma-citation="entities:391">Sharp</a> continues its ups and downs.Since Sharp sent out an extended "maybe contingent liabilities" which far exceeded what had been uncovered, thereby sending the pretty butterfly of an event back into chrysalis mode, the news leaks have suggested several imminent agreements which have all been pushed back by the <a href="https://www.smartkarma.com/entities/745" target="_blank" data-smartkarma-citation="entities:745">Hon Hai</a> side as deeper due diligence led to understanding the contingent liabilities really weren't that significant, and there were media reports (reported in the <a href="https://www.smartkarma.com/insights/sharp-updates-suggest-banks-take-a-small-hit" target="_blank">last</a>…

The saga of Sharp continues its ups and downs.Since Sharp sent out an extended "maybe contingent liabilities" which far exceeded what had been uncovered, thereby sending the pretty butterfly of an event back into chrysalis mode, the news leaks have suggested several imminent agreements which have all been pushed back by the Hon Hai side as deeper due diligence led to understanding the contingent liabilities really weren't that significant, and there were media reports (reported in the last…

Macro Strategist, Saxo Capital Markets

Kay Van-Petersen

Macro Strategist

Saxo Capital Markets

Thematic (Sector/Industry)

<ul><li>Fed Wednesday, where market will be surprised by a more hawkish than expected statement. Risk is to the upside for greater US dollar strength </li></ul><ul><li>Euro crosses &amp; global macro traders will still be digesting the Draghi surprise &amp; the epitome of a poorly placed sentence (What were they thinking!?)</li></ul><ul><li>ECB surprise &amp; price action last week is not similar to the BoJ &amp; Yen movements, ‘same same but very different’. The market is ‘wrong’ to jump the gun on no further QE in the EZ</li></ul>

Fed Wednesday, where market will be surprised by a more hawkish than expected statement. Risk is to the upside for greater US dollar strength Euro crosses &amp; global macro traders will still be digesting the Draghi surprise &amp; the epitome of a poorly placed sentence (What were they thinking!?)ECB surprise &amp; price action last week is not similar to the BoJ &amp; Yen movements, ‘same same but very different’. The market is ‘wrong’ to jump the gun on no further QE in the EZ

Global Macro Take: WK 11 - ECB Digestion, Fed Wednesday & Potentially Risk-On Reversal

CEO, CIO, ClearMacro

Mike Simcock

CEO, CIO

Strategic & Tactical Asset Allocation Global Macro

ClearMacro

CIO, & CEO ClearMacro Ltd
An institutional investor with over 25 years experience, laterly having spent 10 years at GIC Singapore SWF. Managng Director, managing Global Macro, FIxed Income (Europe) and Global Credit businesses.
Passionate about utilising technology to enhance portfolio idea generation across global, multi-asset classes and optimisation of the investment process.

Macroeconomics

Strategic Portfolio returns available from strategic currency allocations. We review ClearMacro's expected returns methodology and the opportunities currently available from strategic currency allocations.

Strategic Portfolio returns available from strategic currency allocations. We review ClearMacro's expected returns methodology and the opportunities currently available from strategic currency allocations.  

Portfolio Return Opportunity from Strategic Currency Allocations?

FX Strategist

Greg Gibbs

Fundamental analysis of topical themes in FX

Amplifying Global FX Capital

Amplifying Global FX Capital was founded in 2015 and is fully owned by Greg Gibbs. It is a registered company both in Australia and Colorado, USA and is a licensed in Australia to provide financial services.

We are producing a regular trading view orientated macroeconomic analysis of topical themes in global financial markets, with a particular focus on foreign exchange. We invite you to view an “executive summary” of these reports in “AmpGFX Reports” under our “Research” menu.

These reports are drawn from the analysis of Greg Gibbs and inform the capital management he undertakes on behalf of the company. The trading performance is posted periodically on our website. We aim to build our company into both a research and capital management business. We are currently in the planning phase for managing capital for wholesale customers.

Greg Gibbs has spent his working life of more than 26 years in financial markets, beginning in 1989 at the Reserve Bank of Australia, after completing a Bachelor of Economics Degree (Honours) at the Australian National University. He has been a CFA Charterholder since 2005. He has worked in Sydney, Singapore, New York and London for major global banks and presented on foreign exchange markets to major financial institutions and companies around the world, and maintained a high profile in the financial media.

Before Amplifying Global FX Capital, Greg was the Head of Asia Pacific Market Strategy at the Royal Bank of Scotland based Singapore. He now resides in Breckenridge Colorado.

The ECB delivered a comprehensive set of further policy easing measures.  But it eschewed the concept of a tiered rate policy, in contrast to the BoJ, and suggested that it was unlikely to target further declines in cash rates.  Its policies are more focused on boosting domestic asset prices and domestic bank lending and place less emphasis on a weaker exchange rate policy.  Since the ECB set its course to further ease policy at its 22-October 2015 policy meeting, the market has presumed that it favored lower interest rates.  It has now signaled it has reached bottom on this path, just as the BoJ has diverted its attention to negative interest rates.  As such, we see a case for a recovery in EUR/JPY, potentially retracing the significant fall since October last year.

The ECB delivered a comprehensive set of further policy easing measures.  But it eschewed the concept of a tiered rate policy, in contrast to the BoJ, and suggested that it was unlikely to target further declines in cash rates.  Its policies are more focused on boosting domestic asset prices and domestic bank lending and place less emphasis on a weaker exchange rate policy.  Since the ECB set its course to further ease policy at its 22-October 2015 policy meeting, the market has presumed that it favored lower interest rates.  It has now signaled it has reached bottom on this path, just as the BoJ has diverted its attention to negative interest rates.  As such, we see a case for a recovery in EUR/JPY, potentially retracing the significant fall since October last year.

AmpGFX - ECB and BoJ Policy Easing Paths Diverge

<a href="https://www.smartkarma.com/entities/391" target="_blank" data-smartkarma-citation="entities:391">Sharp</a> now trades with Interpretation Risk. Two months ago, Hon Hai quite clearly tossed its hat into the ring as a potential savior of Sharp. As discussed last year by Hao Wang and myself, Sharp was in dire condition. I have since discussed the situation at length (see right hand margin).We finally got a situation where Hon Hai's significantly greater cash offer (and significantly lower hit to banks) won the day, and then last Thursday it was all thrown into question again as Sharp's board…

Sharp now trades with Interpretation Risk. Two months ago, Hon Hai quite clearly tossed its hat into the ring as a potential savior of Sharp. As discussed last year by Hao Wang and myself, Sharp was in dire condition. I have since discussed the situation at length (see right hand margin).We finally got a situation where Hon Hai's significantly greater cash offer (and significantly lower hit to banks) won the day, and then last Thursday it was all thrown into question again as Sharp's board…

Japan

Mizuho Financial Group, Inc. provides comprehensive financial services through its subsidiaries. The Group provides variety of financial services such as general banking, securities brokerage, trust banking, and assets management.

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Mizuho Financial Group (8411 JP)

SHARP: Delay, Lower Bid, a 4th Column

The saga of Sharp continues its ups and downs.Since Sharp sent out an extended "maybe contingent liabilities" which far exceeded what had been...

Travis Lundy

Global Macro Take: WK 11 - ECB Digestion, Fed Wednesday & Potentially Risk-On Reversal

Fed Wednesday, where market will be surprised by a more hawkish than expected statement. Risk is to the upside for greater US dollar strength Euro...

Kay Van-Petersen

Portfolio Return Opportunity from Strategic Currency Allocations?

Strategic Portfolio returns available from strategic currency allocations. We review ClearMacro's expected returns methodology and the...

ClearMacro

AmpGFX - ECB and BoJ Policy Easing Paths Diverge

The ECB delivered a comprehensive set of further policy easing measures. But it eschewed the concept of a tiered rate policy, in contrast to the...

Greg Gibbs

Sharp: Interpretation Risk

Sharp now trades with Interpretation Risk. Two months ago, Hon Hai quite clearly tossed its hat into the ring as a potential savior of Sharp. As...

Travis Lundy

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