Italy Elections: Mamma Mia! High-Risk Scenarios Are Underpriced in BTPs, FTSE MIB
Italy heads to the polls on Sunday, 4 March and markets are complacent. Whilst a hung parliament looks likely, the market has pinned too much hope...
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Time for the USD to Fight-Back
There is a significant degree of USD weakness that has been unrelated to the relative improvement in its yield advantage, whether that be short or...
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The Market Sentimentalist - Zero-Sum (Thoughts on G3 Currencies)
IntroductionOne of the numerous criticisms directed towards President Trump is that he tends to view everything as a zero-sum game. Almost...
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Week Ahead in Global Macro: FOMC/ECB Minutes, Dalio's 'Big Short', Japan CPI, South Africa Budget
Our guide to this week’s global macro risk events and trading opportunities. This week in trade ideas: Buy VIX on dips below 14. We review the...
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Germany Finally Abandons Fiscal Austerity: Good for Growth, Bad for Bonds
The six-month period of post-election uncertainty in Germany is close to ending, after the conservative CDU/CSU bloc secured a coalition deal this...
256 Views