Macro Strategist, Saxo Capital Markets

Kay Van-Petersen

Macro Strategist

Saxo Capital Markets

Event-Driven

iShares MSCI Global Min Vol Factor ETF / Event-Driven

DXY is dwn -3.8% over the past 3wks&nbsp;with bearish sentiment returning post NFP miss &ndash; will the Fed wed mins&nbsp;curb or accelerate sentiment?I expect the RBA to cut at tmr's meeting, risk is to the upside, I'd be tactically on any squeezes (jump on trades) &amp; look to position for further downside - because THEY WILL cut either tmr or on May 5Market read should be risk-on for most equities (ex. Japan), as non-farm payroll miss will in the near term be interpreted as delayed to no Fed hike in &nbsp;2015. Yield compression theme, stuck in a loopMost mkts still out today due&nbsp;to Easter Monday &amp; others national holidays&nbsp;

DXY is dwn -3.8% over the past 3wks&nbsp;with bearish sentiment returning post NFP miss &ndash; will the Fed wed mins&nbsp;curb or accelerate sentiment?I expect the RBA to cut at tmr's meeting, risk is to the upside, I'd be tactically on any squeezes (jump on trades) &amp; look to position for further downside - because THEY WILL cut either tmr or on May 5Market read should be risk-on for most equities (ex. Japan), as non-farm payroll miss will in the near term be interpreted as delayed to no Fed hike in &nbsp;2015. Yield compression theme, stuck in a loopMost mkts still out today due&nbsp;to Easter Monday &amp; others national holidays&nbsp;

KVP'S MACRO TAKE: NFP COULD SPELL MORE PAIN FOR USD, MEANWHILE WATCH THE RBA CUT ON TUE APR 7

Founder Evidente. Top rated quantitative analyst, Evidente

Sam Ferraro

Founder Evidente. Top rated quantitative analyst

Evidente

Evidente is an independent financial education firm that delivers innovative financial advice to wholesale investors, including active long only funds, hedge funds, pension funds, and sovereign wealth funds, in Australia and globally.  Drawing on academic research in asset pricing, behavioural finance and portfolio construction, Evidente provides wholesale investors with commercial solutions to stock selection and asset allocation decisions across equities and other asset classes.

Equity Bottom-Up

iShares MSCI Australia / Equity Bottom-Up

<span style='font-family: "Calibri",sans-serif; font-size: 14pt; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-ansi-language: EN-AU; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;'>Although still in its infancy, 2015 has so far been a frenetic one for central banks around the world, in what has been a series of synchronised (but uncoordinated) monetary easings.&nbsp; Central banks in Switzerland, Denmark, Turkey, Canada and Peru have cut their official interest rates and&nbsp;the ECB has&nbsp;extended and expanded its program of quantitative easing.&nbsp; In this post, I discuss the implications of the Bank of Canada’s recent decision to ease for the RBA’s policy deliberations, suggest that the RBA should reduce the cash rate to 2% by June and undertake a quantitative analysis which indicates that domestic cyclicals are unlikely to benefit from rate cuts.

Although still in its infancy, 2015 has so far been a frenetic one for central banks around the world, in what has been a series of synchronised (but uncoordinated) monetary easings.&nbsp; Central banks in Switzerland, Denmark, Turkey, Canada and Peru have cut their official interest rates and&nbsp;the ECB has&nbsp;extended and expanded its program of quantitative easing.&nbsp; In this post, I discuss the implications of the Bank of Canada’s recent decision to ease for the RBA’s policy deliberations, suggest that the RBA should reduce the cash rate to 2% by June and undertake a quantitative analysis which indicates that domestic cyclicals are unlikely to benefit from rate cuts. 

Further rate cuts no saviour for Australian domestic cyclicals

Australia

iShares MSCI Australia ETF is an exchange-traded fund incorporated in the USA. The ETF tracks the performance of the MSCI Australia Index. The ETF holds predominantly large-cap stocks from Australian companies. The ETF weights the holdings using a market capitalization methodology and rebalances quarterly.

iShares MSCI Australia (EWA US)

KVP'S MACRO TAKE: NFP COULD SPELL MORE PAIN FOR USD, MEANWHILE WATCH THE RBA CUT ON TUE APR 7

DXY is dwn -3.8% over the past 3wks with bearish sentiment returning post NFP miss – will the Fed wed mins curb or accelerate sentiment?I expect...

Kay Van-Petersen

Further rate cuts no saviour for Australian domestic cyclicals

Although still in its infancy, 2015 has so far been a frenetic one for central banks around the world, in what has been a series of synchronised...

Sam Ferraro