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>Market sentiment is data dependent, particularly on US economic data, which has been surprising to the upside</li><li>Despite some uncertainty surrounding Fed independence, the overall macro backdrop is conducive for dollar weakness</li><li>FX models are showing lack of conviction in the current environment, with carry trades in FX, including EM currencies, being a popular choice for market participants</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Market sentiment is data dependent, particularly on US economic data, which has been surprising to the upsideDespite some uncertainty surrounding Fed independence, the overall macro backdrop is conducive for dollar weaknessFX models are showing lack of conviction in the current environment, with carry trades in FX, including EM currencies, being a popular choice for market participantsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX: Systematic signals, payrolls/ shutdown, risks to EUR/USD, AI-FX links

HarmoniQ Insights

William Mann

Independent Insight Provider

At HarmoniQ Insights, we empower investors to enhance their investment strategies by integrating cutting-edge quantitative research processes and technologies. Our solutions provide access to leading quantitative data providers and services, tailored to align with each client’s unique goals. By bridging the gap between traditional investment approaches and advanced data-driven methods, we help clients gain a competitive edge through innovation in both process and technology.

Cross Asset Strategy

<ul><li>Founder of the DeFi Report and Web3 Strategist, NATO, shares his journey, advice for innovators, and trends shaping asset tokenization, venture capital, and AI convergence.</li><li>Inflation report and Fed's monetary policy decision discussed, with core inflation increasing 3.1% year over year and market pricing in a 92% chance of a rate cut in September.</li><li>Summary of market performance, with crude falling, value rally in US equities, and Ray Dalio's recommendation to invest in non US equities in local currency.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Founder of the DeFi Report and Web3 Strategist, NATO, shares his journey, advice for innovators, and trends shaping asset tokenization, venture capital, and AI convergence.Inflation report and Fed's monetary policy decision discussed, with core inflation increasing 3.1% year over year and market pricing in a 92% chance of a rate cut in September.Summary of market performance, with crude falling, value rally in US equities, and Ray Dalio's recommendation to invest in non US equities in local currency.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

DeFi, On-Chain Truth, and the Petrodollar 2.0

<ul><li>Recent washout in EMFX carry trades</li><li>Currency volume may increase as global growth remains firm and interest rates change</li><li>US elections event risk pricing may see heightened sensitivity and volatility as election day approaches</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Recent washout in EMFX carry tradesCurrency volume may increase as global growth remains firm and interest rates changeUS elections event risk pricing may see heightened sensitivity and volatility as election day approachesThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX: FX Volatility Bumpy, but Capped in H2

<ul><li>Swap spreads narrowed late last week by three basis points across the curve, likely influenced by developments in European markets</li><li>French President Macron's decision to dissolve parliament and call for snap elections has caused uncertainty in the fiscal outlook, leading to de-risking of European sovereign bond holdings</li><li>While last week's moves in US markets were significant, it is unlikely to continue as US treasuries are expected to remain stable and demand is expected to stay strong, supported by the rate cycle turning and potential easing from the Fed</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Swap spreads narrowed late last week by three basis points across the curve, likely influenced by developments in European marketsFrench President Macron's decision to dissolve parliament and call for snap elections has caused uncertainty in the fiscal outlook, leading to de-risking of European sovereign bond holdingsWhile last week's moves in US markets were significant, it is unlikely to continue as US treasuries are expected to remain stable and demand is expected to stay strong, supported by the rate cycle turning and potential easing from the FedThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

<ul><li>Expectation of a 25 basis point cut from the ECB with a focus on delivering on that commitment</li><li>Market pricing in an incomplete cutting cycle, with potential for further easing depending on inflation dynamics</li><li>Long duration valuations attractive in both short and intermediate sectors of the curve, with limited risk of a significant sell-off.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Expectation of a 25 basis point cut from the ECB with a focus on delivering on that commitmentMarket pricing in an incomplete cutting cycle, with potential for further easing depending on inflation dynamicsLong duration valuations attractive in both short and intermediate sectors of the curve, with limited risk of a significant sell-off.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Rates : A Round up of Hot Topics for European Rate Markets

Germany

The euro is the official currency of the European Economic & Monetary Union. 

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Euro (USDEUR CURNCY)

Global FX: Systematic signals, payrolls/ shutdown, risks to EUR/USD, AI-FX links

The current FX environment is data-dependent, with Fed easing already priced in and a focus on data to support further moves, leading to a lack of...

At Any Rate

DeFi, On-Chain Truth, and the Petrodollar 2.0

NATO, founder of DeFi Report and Web3 Strategist, will share his insights on asset tokenization, venture capital, and AI convergence, while the...

William Mann

Global FX: FX Volatility Bumpy, but Capped in H2

The recent washout in EMFX carry trades, low FX volume compared to other indicators, firm global growth and broad PMI strength, the world being...

At Any Rate

Global Rates: Pardon my French

In summary, swap spreads narrowed due to European market effects, French elections caused uncertainty, US treasury cheapened versus swaps, but...

At Any Rate

Global Rates : A Round up of Hot Topics for European Rate Markets

The upcoming meeting is expected to result in a 25 basis point cut, with increases in core inflation projections for 2025 and potentially...

At Any Rate

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