Benjamin Ford is a Researcher at Macro Hive. Benjamin studied BSc Financial Mathematics at Cardiff University and MSc Finance at Cass Business School, his dissertations were on the tails of GARCH volatility models, and foreign exchange investment strategies during crises, respectively. He has previously worked as a Summer Research Student at Cardiff University School of Mathematics where he designed the risk pricing model for their £600 million campus developments.
Asia | Emerging Markets | Equities | FX | Global | UK
Bilal Hafeez, Ben Ford
Momentum model signals sit in contrast to our view to fade CHF strength. They are also yet to get fully on board with our bullish USD basket trade (vs EUR, CHF and GBP).
Bilal Hafeez, Ben Ford
Our high-frequency China growth tracker has picked up since last week on stronger domestic road congestion data, particularly in Beijing, Shanghai and Guangzhou. We also see prices of economically sensitive commodities like iron ore continue to rise, as is the Baltic Dry index.
Bilal Hafeez, Ben Ford
Momentum models are moving towards our view that GBP/CAD will trade lower over the next six months. They also back our bias to expect European equities to underperform US equities.
Bilal Hafeez, Ben Ford
Overall, our high-frequency China reopening index continues to stabilise, although our travel indicator (which looks at road congestion and subway traffic) looks to be stalling.
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