Cross-Asset Liquidity Strategist, CrossBorder Capital

Michael J. Howell

CrossBorder Capital an investment advisory firm specialising in macro-investing. Founded in 1996 with an international client base, CrossBorder focuses on monitoring and understanding global liquidity and capital flows. Our proprietary databases (available to clients) cover 80 countries in depth from 1980 onwards. We take a systematic quantitative methodology that uses this data with AI models to predict financial market movements. The efficacy of our data has been independently verified, and we have an associated but separate asset management division.

Cross-Asset Liquidity Strategist

Korea Stock Market Monthly Recap #28 (August 2018)

Dollar's Fuel and Struggle in Asia - These Are the Currencies to Short into the Next USD Push

China All Alone! The PBoC Presses The Button

Global Liquidity Is Skidding: Why and What Will It Mean?

Implementing Research Using Alt Data & AI

CrossBorder Capital

CrossBorder Capital is a London-based independent investment advisory firm. Founded in 1996, it exploits a gap in the investment arena by focusing on Central bank liquidity. 

It specialises in the monitoring and analysis of global liquidity flows - an important determinant of asset prices, from currencies through to bonds, equities and real estate.

CrossBorder Capital implements its investment strategy and currently manages over US$ 350m.


FX & Rates

<ul>
<li>EM Capital outflows accelerate - China loses US$134.8 bn YTD; Brazil US$24.4 bn YTD only India US$49.4 bn YTD sees large inflows</li>
<li>Every EM Crisis first-and-foremost a currency crisis</li>
<li>EM fundaments generally good. Problem strong US dollar</li>
<li>Dollar supply shrinking from both Fed tightening and collapse in Eurodollar wholesale funding</li>
<li>Could get worse. DXY up 5-10% next 12 months. Part of US dollar Currency War?</li>
</ul>


EM Capital outflows accelerate - China loses US$134.8 bn YTD; Brazil US$24.4 bn YTD only India US$49.4 bn YTD sees large inflows
Every EM Crisis first-and-foremost a currency crisis
EM fundaments generally good. Problem strong US dollar
Dollar supply shrinking from both Fed tightening and collapse in Eurodollar wholesale funding
Could get worse. DXY up 5-10% next 12 months. Part of US dollar Currency War?


The Giant Sucking Sound – Emerging Market Capital Flows

Dollar Index

The Giant Sucking Sound – Emerging Market Capital Flows