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  • Article / 05 January 2018 at 1:02 GMT

    USD traders ignore rate differentials and look over the rainbow

    Managing Director / Technical Research Limited
    New Zealand
    USD traders ignore rate differentials and look over the rainbow
    Inflation has been moribund in the US, the Eurozone and Japan, so why has the US dollar been singled out and sold off? And why have bullish views about USD proven to be so wide of the mark, especially given US rate rises, tax cuts and GDP growth? Max McKegg explores these questions in this analysis.
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    05 January
    Kashif khawja Kashif khawja
    Appreciate this food for thought. I will appreciate your comments as to how unexpected market shocks can shatter this scenario.
  • 07 December
    Patto Patto
    The traditionalists on the FOMC (like Yellen) will be aware of the signalling power of the yield curve. But it is a long way from inverting, which...
    07 December
    Treve Treve
    “This time it’s different” – the most dangerous phrase in a trader’s vocabulary.
    07 December
    Max McKegg Max McKegg
    Both fair comments. The FOMC may well feel no need for immediate concern but it’s a large Committee and there will be different points of view. Besides,...
  • Article / 07 February 2017 at 6:00 GMT

    3 Numbers: German industrial output on the up and up

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: German industrial output on the up and up
    German industrial might is now recording its third straight month of growth. In the US, there are signs that job openings may have reached their peak, but the uptrend in employment remains. Meanwhile, Japan's 10-year bond rate is at its highest level in more than a year - can the central bank commit to maintaining the 0% target?
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  • 1y
    Patto Patto
    An astute reading of the situation Max..........
    1y
    Max McKegg Max McKegg
    Thanks
    1y
    bvlaerhoven bvlaerhoven
    well said Max and absolutely something we should keep in mind. Big moves in USDJPY coming rather sooner than later i think.
  • Squawk / 11 September 2016 at 15:35 GMT
    Chief Economist & CIO / Saxo Bank
    Denmark
    Sunday Macro

    What you need to know:

    3. ) Yield curve moved up - which is anti-QE and what central banks now want - in order to stop bleeding banks dry of earnings...

    Market is saturated with QE, flattening
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  • Squawk / 11 September 2016 at 15:32 GMT
    Chief Economist & CIO / Saxo Bank
    Denmark
    Sunday Macro

    What you need to know:

    2. ) Friday both 10 Year Japan & Germany bonds moved to POSITIVE and saw steepning of curve (IE: Anti- QE!)
    Read the Squawk
  • Article / 01 July 2016 at 1:23 GMT

    Inflation numbers up the ante on Bank of Japan intervention

    Managing Director / Technical Research Limited
    New Zealand
    Inflation numbers up the ante on Bank of Japan intervention
    Today’s inflation update sets the scene for the Bank of Japan’s quarterly Outlook Report, set for release when the policymaking board holds its next meeting on July 28. The report will include updated economic forecasts, and unless the exchange rate weakens significantly in the meantime, another cut to the inflation outlook is likely, further damaging the Bank’s credibility.
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  • Editor’s Picks / 09 February 2016 at 2:41 GMT

    Japan's 10-year government bond yield hits zero for first time

    CNBC
    Yields on Japan's benchmark 10-year government bond hit zero for the first time, as investors clamour for safe-haven assets in the wake of a global market rout. Leslie Shaffer writes the yield on the 10-year bond recovered to 0.007% after touching zero on Tuesday. The fall came on the heels of a global stock market selloff overnight that likely spurred safe haven flows back into Japan. It also follows the Bank of Japan's move to a negative interest rate policy, which makes the return on Japanese bonds, even at a zero yield, as well as the possibility of further price rises more attractive.
    Read article on CNBC
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