Futures & FX

People’s Bank of China Dumps Money Into Markets

Overnight People's Bank of China (PBOC) pumped another 130 billion yuan or 19.58 billion in U.S. dollar terms into the seven day reverse repo market. 
The reverse repo market is the process in which the PBOC agrees to purchase securities from China (FXI, quote) banks with the understanding the...

Emerging Money Daily Audio Call June 29

Emerging Money Daily Audio Call June 29 - EM outperforms on this snap back from Brexit but how far and how fast can we go? 
Month end and quarter end are driving managers to show they didn’t go to cash during the onslaught.
Meanwhile we continue to make a fundamental argument for EM growth over...

What’s This Chart Telling You?

The Brazilian Real has rallied almost 10% in June despite Brexit and without any major turn in the macro in Brazil. 
Brazil (EWZ, quote) like many EM (EEM, quote) economies has bottomed and stabilization is alone enough to take the Real  another 5-6% to the 3.10 level.
The rallies in the...

Emerging Markets Versus the SPX

There is a lot of analysis being spent on how the US (SPX) has decoupled from the rest of the world’s problems and this deviation is either based on better fundamentals or this is a phenomenon that will eventually give way to buckling developed market equities in Europe, Japan, Nasdaq etc.   ...

Emerging Money Daily Audio Call June 28

Emerging Money Daily Audio Call June 28 - EM equities and commodities are rallying with the weaker Dollar and Stronger GBP.
Are we buying the bounce?
What does “lower for longer” on rates mean for Emerging Markets?
Tune into your account for tactical trading and then how we view the set up for...

What We Are Watching: Dollar Realities

We have been stalwarts on saying the Dollar has peaked for this cycle. We also didn’t factor a Brexit vote into the USD path. Binary or not binary in hindsight that approach seems short sighted. We will take the market we have rather than the one we want which is what we have been doing when...

Emerging Money Daily Audio Call Part II June 27

Emerging Money Daily Audio Call Part II June 27 - As we head into the last 90 minutes of trading we want to give Emerging Money investors some perspective on where we are with key indices,
and trading dynamics that needs to be at least acknowledged in the face of what we believe will be a...

Emerging Money Daily Audio Call Part II June 27

Emerging Money Daily Audio Call Part II June 27 - As we head into the last 90 minutes of trading we want to give Emerging Money investors some perspective on where we are with key indices,
and trading dynamics that needs to be at least acknowledged in the face of what we believe will be a...

Emerging Money Daily Audio Call June 27

Emerging Money Daily Audio Call June 27 - As we head into the European close we are seeing some of the rally off the floor in risk hit profit taking.
Regardless markets are well off their Asian lows and we begin to assess where specific sectors and asset classes are headed next week.
We remain...