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Latest Articles read all

  1. Can Argentina Dollarize? Of Course It Can

    John H. Welch

    Summary The new Milei administration signalled plans to dollarize the Argentine economy. Some think the central bank must accumulate USD to make this happen. The solution, however, is just a simple exercise in arithmetic: find the USD/ARS that equates gross foreign exchange reserves to the central bank’s monetary liabilities. The calculation comes to 885 Argentine […]

  2. Momentum Models Gain as USD Bullishness and Fixed Income Bearishness Intensify

    Richard Jones

    When evaluating the performance of our momentum models we are considering the average performance across the one-, three-, and 12-month momentum models. Summary Momentum models were up 0.4% over the past week, with positive performances in fixed income and FX outweighing negative equity returns. Equities were down 0.7% WoW, while bonds were up 1%, and […]

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Bloomberg TV: Why Tech Is at a Record and Our Macro Take on US, UK, and EU Rates – Bilal Hafeez

Bilal Hafeez on Bloomberg TV

John Coates on How a Few Financial Institutions Control Everything

Macro Hive Conversations with Bilal Hafeez

Mark Koyama on What Makes Some Nations Richer Than Others

Macro Hive Conversations with Bilal Hafeez

Portfolio Updates read all

  1. Prime Trade Ideas: GBP Has Likely Peaked for This Cycle

    Our views on the major asset classes remain the same. We’re slightly more positive on the FTSE 100 given this environment of rising rates at the long end.

  2. Prime Trade Ideas: Asian FX to Bounce Back on Rebounding Economy

    Our views on the major asset classes remain the same. We’re slightly more positive on the FTSE 100 given this environment of rising rates at the long end.

  3. Prime Trade Ideas: King Dollar to Reign Supreme in Q4

    We consolidate our favourite biases into one, easy-to-read, weekly report! Please find the original pieces linked throughout and a summary table at the end of the document. Reach out to us on Slack or email the author with any questions about the content. 

Trending Articles read all

  1. Markets to Watch: CPI To Set Forward USD Trajectory

    Bilal Hafeez, Viresh Kanabar

    Summary The US sees CPI and PPI data this week – both likely to be consistent with a June cut from the Fed. In Europe, the ECB sets policy on Thursday. We expect rates on hold with an optimistic tone to prevail until they get March’s final inflation print. New Zealand’s central bank meets on […]

  2. G10 FX Weekly: USD/JPY on Intervention Watch; US Yields Becoming Stretched

    Richard Jones

    Summary After last week’s US jobs report and yesterday’s CPI data, US yields have exploded higher and have made new year-to-date (YTD) highs across the curve. USD/JPY has also accelerated quickly, closing above 152 for the first time in TKTK years, which greatly increases the probability of JPY intervention by the Japanese Ministry of Finance […]

  3. Can Argentina Dollarize? Of Course It Can

    John H. Welch

    Summary The new Milei administration signalled plans to dollarize the Argentine economy. Some think the central bank must accumulate USD to make this happen. The solution, however, is just a simple exercise in arithmetic: find the USD/ARS that equates gross foreign exchange reserves to the central bank’s monetary liabilities. The calculation comes to 885 Argentine […]

Hive Podcast more podcasts

  1. Ep. 211: John Coates on How a Few Financial Institutions Control Everything

    John Coates is the Deputy Dean of Harvard Law School. He has served at the Securities and Exchange Commission, and was a partner at Wachtell, Lipton, Rosen & Katz, specializing in financial institutions.

  2. Ep. 210: Mark Koyama on What Makes Some Nations Richer Than Others

    Mark Koyama is Associate Professor of Economics at George Mason University and Mercatus Center. Mark earned his PhD in Economics from the University of Oxford. He focuses on how historical institutions functioned and on the relationship between culture and economic performance.

  3. Ep. 209: Darrell Duffie on Treasury Market Dysfunction, Dollar Dominance and CBDC

    Darrell Duffie is a leading expert on bond markets. He is the Adams Distinguished Professor of Management and Professor of Finance at the Graduate School of Business, Stanford University.

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Meet Macro Hive about Macro Hive

Bilal Hafeez
Bilal Hafeez

Bilal Hafeez: CEO & Head of Research

Before starting Macro Hive, Bilal was Global Head of International Fixed Income Strategy at Nomura, and Head of Multi-Asset Research and Advisor to the CEO at Deutsche Bank. Bilal started his twenty-year career at JP Morgan. Academically, Bilal was an Honorary Visiting Professor of Finance at Cass Business School and studied Economics at St Johns College, Cambridge.

More about Bilal…

Andrew Simon
Andrew Simon

Andrew Simon: Chief Operating Officer

Andrew spent over 25 years in finance on both the buy and sell side. He co-founded Eschaton Opportunities, a $100 million hedge fund focused on global thematic value investing. Earlier in his career, Andrew led JP Morgan's institutional sales business across foreign exchange and emerging markets in Europe, ran Lehman's global derivative sales business, and managed Deutsche Bank's European currency option trading and derivative research business.

More about Andrew…

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