Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
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Weekly FX Chartbook: US CPI, geopolitics and dovish pivots from ECB and Bank of Canada in focus
Charu Chanana
Chief Investment Strategist
Summary: This week’s US CPI will be a key test of whether inflation jump of the last two months was a bump in the disinflation road or markets need to push expectations of rate cuts further out the curve. Despite consensus looking for a softer inflation print, dollar may not have a lot of room to give as other major central banks such as the European Central Bank and Bank of Canada embrace dovish narratives. Any easing of geopolitical tensions could bring reversal of gains in NOK and precious metals.
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Other recent Macro/FX articles:
8 Apr: Global Market Quick Take - Asia
3 Apr: Chinese yuan bears are undeterred by PBoC’s grip
25 Mar: Macro & FX Podcast: Swiss central bank surprises; PCE and China
25 Mar: Weekly FX Chartbook: The return of US exceptionalism
22 Mar: Swiss National Bank’s bold move will kickstart the G10 rate cut cycle
20 Mar: Thematic Podcast: Japan's route to abolish negative interest rates
20 Mar: Japan’s exit from negative rates: Implications for the economy, yen and stocks
19 Mar: FOMC rate decision: How to trade the event
18 Mar: Macro & FX Podcast: Central bank meetings all over
18 Mar: Weekly FX Chartbook: Heavy central bank focus as FOMC, BOJ, BOE, SNB, RBA meet
14 Mar: FOMC vs. BOJ: Who moves the Yen?
12 Mar: Dampening equity sentiment could test GBP resilience
11 Mar: US inflation report: How to trade the event
11 Mar: Macro & FX Podcast: Have soft landing hopes turned into expectations?
11 Mar: Weekly FX Chartbook: JPY eying wage talk headlines and US CPI
6 Mar: Bitcoin fever is running high, again
5 Mar: FX & Macro Podcast: US jobs data, China's "Two Sessions" & Super Tuesday
28 Feb: Navigating Japanese equities: Strategies for hedging JPY exposure
23 Feb: Nvidia momentum spills over to FX markets
21 Feb: Central bank divergence on the radar: Hawkish RBNZ, Dovish BOC and SNB
19 Feb: Macro & FX Podcast: How the debate about the US economy has shifted
15 Feb: Swiss Franc’s bearish view gets more legs
14 Feb: Sticky US inflation could make dollar strength more durable
9 Feb: Japanese Yen is throwing a warning
8 Feb: FX 101: USD Smile and portfolio impacts from King Dollar
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