Special Reports

What’s next as stagflation risks torment markets?

The global economy is fighting a battle on multiple fronts. From paralyzed supply chains to an energy crisis that threatens Europe and Asia to a painful deleveraging in the Chinese real estate sector, there is a clear risk that growth slows down but inflation stays hot.

A glance at the upcoming Q3 earnings season

It took only five months for the S&P 500 to heal its 2020 pandemic wounds and sail back to uncharted waters as the Fed’s massive stimulus and heavy fiscal support boosted business sentiment and levelled up stock purchases.

The Canadian election and FX outcomes

Canadians will go to the polls on Monday, September 20 to elect their new government. The outcome is too close to call, as the two main contenders are currently running neck-and-neck in opinion polls.

What does the German election mean for markets?

With Angela Merkel stepping down as Chancellor, Germans will go to the polls on September 26 to elect her successor.

Will ‘king dollar’ reclaim its throne as the Fed tapers?

One by one, Fed officials are getting behind the idea that their asset purchases should be dialed back soon.

Virus is surging and yields are tumbling; is inflation already yesterday’s news?

The last time there was so much panic in the markets about higher inflation was probably in the 1970s when oil price shocks were a common phenomenon.

What does central bank divergence mean for FX?

There’s been a massive shift within the central bank world lately. Some have taken baby steps towards exiting cheap money and ultimately raising interest rates, but others have not.

Can the Delta variant wreck hopes of an end to lockdowns? 

The highly contagious Delta variant of Covid-19 has fast become the dominant strain around the world, spreading beyond Asia.

What does the OPEC meeting mean for oil?

It's a huge week for energy markets, with an OPEC+ meeting on Thursday that could determine whether oil prices keep rallying or cool off.

Virus spike, UK-EU sausage war threaten the pound’s bull run

Post-Brexit trade frictions between Britain and the European Union never completely went away but seem to have flared up again lately.

Will the Fed crash the party in stocks?

The party in global stocks continues to rage, driven by a powerful combination of generous government spending and an ocean of liquidity by central banks.

A booming economy, soaring commodity prices, so why is the aussie not rallying?

The Australian dollar made a spectacular rebound from the March 2020 nosedive against the US dollar. But although Australia’s economic recovery has gone from strength to strength, the rally has stalled since March this year.

With central banks stepping back, the yen looks fragile

Central banks across the world are starting to step back from the ultra-loose policies they enacted last year, as widespread vaccinations and government spending do the heavy lifting.

OPEC meeting unlikely to roil markets, but Iran might

It's a crucial week for the oil market, with an OPEC+ meeting on Tuesday that will likely see the cartel and its allies increase their production gradually, capitalizing on the improvement in demand.

Dollar in trouble? Markets believe the Fed on tapering but not on inflation

The US dollar has crashed below its uptrend line as its bullish narrative has once again been called into question.

Gold to sparkle for now, but mind the Fed endgame

Gold prices have staged a mighty recovery in recent weeks. The stars seem to have aligned for the yellow metal, with the Fed set to keep its foot heavy on the liquidity gas even as inflation accelerates over the summer.

A panoramic view of the US economy and dollar in 10 charts

The pandemic inflicted a lot of damage on the US economy, but thankfully, the worst has passed. It turns out that when Congress and the Federal Reserve join forces to fight a crisis, the stimulus response is so overwhelming that it eclipses everything else.

FX market remains prisoner to the vaccination race

The dynamics in the FX market have changed this year. The speed of vaccinations has turned into the most powerful element driving currency moves, as investors recalibrate their expectations for economic growth and the timeline of central bank rate increases.

What does Biden's infrastructure bill mean for markets?

The US President will deliver a keynote speech on Wednesday, during which he will outline his plans for a multi-trillion-dollar infrastructure package.

Silver unfollows Gold: where next?

Historically, gold and silver tend to be highly correlated assets, but their strong positive relationship slightly relaxed in the first quarter of the year, making investors wonder whether this deviation could be something more than temporary in the coming years.



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