Dollar's Fuel and Struggle in Asia - These Are the Currencies to Short into the Next USD Push
DXY struggle to chisel out the final up leg to form an intermediate top in our 97+ zone. We have been staunch dollar bulls from early 2018 with a...
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CBT Opts for 625bp Rate Hike. Now Watch Heads Roll
On 13 September, the Turkish central bank raised its policy rate by whopping 625bps, exceeding the market's median forecast by 300bps. This is...
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Markets Are Pushing CBR Towards a Hike. CBR Should Stay on Hold
As EM assets remain under pressure, policymakers are increasingly switching into a tightening mode. Central Banks in Turkey, Argentina, India,...
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Further Signs of Contagion Seeping into Asia
Our EM FX cascade call is seeing increased USD bull momentum in Asia as weaker currencies buckle and bleed into the SGD and KRW. Mounting equity...
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Investors Seem Tired of Selling Turkish Assets. Turkey Needs to Use Breathing Space Wisely
Sovereign downgrades by two rating agencies last Friday have not lead to a renewed sell-off in the Turkish markets. Investors seem to be awaiting...
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