Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

FX & Rates

<ul>
<li>The increase in news articles mentioning tariff and trade war risks is making it difficult for cyclical currencies like the euro to factor in any potential growth outside of the US.</li>
<li>US exceptionalism is evident in strong services ISM and relative equity performance, which is leading to the dollar's dominance in capital flows.</li>
<li>The Chinese yuan is facing bearish sentiment due to double-digit drawdowns in onshore equity indices, deepening deflation, weak sentiment in the housing market, and limited policy options for policymakers. Outbound travel restrictions during the Chinese New Year season also add to the pressure on the currency. However, there have been some positive signs in financial flows, such as stabilization in equity flows and increased bond purchases by foreigners. Overall, the outlook for the yuan remains bearish.</li>
</ul>
This podcast is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.


The increase in news articles mentioning tariff and trade war risks is making it difficult for cyclical currencies like the euro to factor in any potential growth outside of the US.
US exceptionalism is evident in strong services ISM and relative equity performance, which is leading to the dollar's dominance in capital flows.
The Chinese yuan is facing bearish sentiment due to double-digit drawdowns in onshore equity indices, deepening deflation, weak sentiment in the housing market, and limited policy options for policymakers. Outbound travel restrictions during the Chinese New Year season also add to the pressure on the currency. However, there have been some positive signs in financial flows, such as stabilization in equity flows and increased bond purchases by foreigners. Overall, the outlook for the yuan remains bearish.

This podcast is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

Global FX: Tariff Risks and US Exceptionalism Support the Dollar

Podcast by Hedge Fund Manager Erik Townsend, Macro Voices

Macro Voices

Podcast by Hedge Fund Manager Erik Townsend

Weekly market commentary by Hedge Fund Manager Erik Townsend and interviews with the brightest minds in the world of finance and macroeconomics. Made possible by funding from Fourth Turning Capital Management, LLC

Cross Asset Strategy

<ul>
<li>Patrick Ceresno will be a panelist in a session on the nuclear renaissance.</li>
<li>The S&amp;P 500 March futures were up 298 basis points at the close on February 7.</li>
<li>The US dollar index was up 52 basis points, trading at 104.5.</li>
</ul>
This podcast is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.


Patrick Ceresno will be a panelist in a session on the nuclear renaissance.
The S&amp;P 500 March futures were up 298 basis points at the close on February 7.
The US dollar index was up 52 basis points, trading at 104.5.

This podcast is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

MacroVoices #414 Louis Vincent Gave: Party Like it’s 1999

External broker reports(aggregated public sources), Scotiabank

Scotiabank

External broker reports(aggregated public sources)

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>FX Market Update—The firm USD is consolidating its recent gains.</li><li>There was some drift in the overall performance of the USD (DXY) through Asian and early European trading but the index has rebounded into the start of North American trade to near yesterday’s peak in the index near 104.60.</li><li>Stocks are mixed to a little firmer on the session while bond yields have edged fractionally higher (European debt is underperforming marginally).</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Market Update—The firm USD is consolidating its recent gains.There was some drift in the overall performance of the USD (DXY) through Asian and early European trading but the index has rebounded into the start of North American trade to near yesterday’s peak in the index near 104.60.Stocks are mixed to a little firmer on the session while bond yields have edged fractionally higher (European debt is underperforming marginally).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Steno Research

Elias Lisberg Glistrup

Macro and Geopolitical Research House

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

<ul>
<li>The recent performance of the US economy prompts a reassessment of long-held market sentiments.</li>
<li>As we witness an intersection of sturdy growth, moderating inflation, and evolving liquidity dynamics, investors and policymakers alike stand at a crossroads.</li>
<li>This month’s ‘Macro Regime Indicator’ questions the endurance of the current (US) economic strength and its implications for inflation and asset allocation.</li>
</ul>


The recent performance of the US economy prompts a reassessment of long-held market sentiments.
As we witness an intersection of sturdy growth, moderating inflation, and evolving liquidity dynamics, investors and policymakers alike stand at a crossroads.
This month’s ‘Macro Regime Indicator’ questions the endurance of the current (US) economic strength and its implications for inflation and asset allocation.


Macro Regime Indicator: Time to Embrace a New Economic Dawn?

<ul><li>The USD rallied hard on the back of Friday’s US jobs data as US yields popped sharply higher and the currency has built on those gains early Monday following Fed Chairman Powell’s “60 Minutes” interview last night (pre-recorded ahead of the NFP data) which further doused market expectations for a March rate cut.</li><li>Powell said the “danger of moving too soon is that the job is not done” and reiterated that policymakers may not have enough confidence that inflation is moving lower in a sustainable way by March.</li><li>March swaps reflect just 4bps of easing now, with a full 25bps cut not reflected in OIS pricing until June. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The USD rallied hard on the back of Friday’s US jobs data as US yields popped sharply higher and the currency has built on those gains early Monday following Fed Chairman Powell’s “60 Minutes” interview last night (pre-recorded ahead of the NFP data) which further doused market expectations for a March rate cut.Powell said the “danger of moving too soon is that the job is not done” and reiterated that policymakers may not have enough confidence that inflation is moving lower in a sustainable way by March.March swaps reflect just 4bps of easing now, with a full 25bps cut not reflected in OIS pricing until June. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Daily - USD Recovery Extends on Higher US Yields

United States

The U.S. Dollar Index(USDX) indicates the general int'l value of the USD. The USDX does this by averaging the exchange rates between the USD and major world currencies. The ICE US computes this by using the rates supplied by some 500 banks. FOR REAL TIME SEE EIS ICEA<GO>.

Price Gauge
52-week Range	0.00 - 0.00
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Dollar Index (DXY CURNCY)

Global FX: Tariff Risks and US Exceptionalism Support the Dollar

US exceptionalism is evident in strong services ISM and relative equity performance, which is leading to the dollar's dominance in capital flows.

At Any Rate

MacroVoices #414 Louis Vincent Gave: Party Like it’s 1999

The online discussion on the nuclear renaissance is scheduled for Sunday, featuring panelists Justin Hewn and Thomas Jam Patterson, and key news to...

Macro Voices

FX Daily - USD Consolidates Gains

Stocks are mixed to a little firmer on the session while bond yields have edged fractionally higher (European debt is underperforming marginally).

Scotiabank

Macro Regime Indicator: Time to Embrace a New Economic Dawn?

The recent performance of the US economy prompts a reassessment of long-held market sentiments. As we witness an intersection of sturdy growth,...

Steno Research

FX Daily - USD Recovery Extends on Higher US Yields

Powell said the “danger of moving too soon is that the job is not done” and reiterated that policymakers may not have enough confidence that...

Scotiabank

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)