Mirza Baig

Macro Hive Author

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please email meettheresearchers@macrohive.com
SPECIALITY: Asia, Emerging Markets, FX,

Mirza is a macro strategist, specialising in Asian FX and fixed income markets. Mirza is currently working as a desk analyst at Morgan Stanley, prior to which he worked in macro strategy roles at BNP Paribas and Deutsche Bank


In: Hive Exclusives | China FX

CNY NEERing the End

March 26, 2021

Summary After a brief run at 6.40 in February, USD/CNY has pulled back and is now roughly unchanged on a YTD basis.…

In: Hive Exclusives | Asia Bonds China FX Monetary Policy & Inflation

China: Curb Your Enthusiasm

December 11, 2020

Summary Long Chinese fixed income FX unhedged is a multi-year macro trade. It’s underpinned by China’s favourable BoP position, high positive real…

Bullish RMB

In: Hive Exclusives | Asia Bonds China FX Monetary Policy & Inflation

China: Keep The Faith

August 25, 2020

My discussions with macro investors have recently centred around two questions. First, could the RMB extend its gains further? And second, could…

Gold Peak

In: Hive Exclusives | Commodities US

Peak Gold?

August 18, 2020

The sharp decline in gold prices last week has triggered heated debate among market participants. The bulls argue that this is just…

Bank Indonesia

In: Hive Exclusives | Asia Bonds EM Monetary Policy & Inflation

Bank Indonesia To Monetize Debt

July 06, 2020

Indonesia’s finance minister and Bank Indonesia’s (BI) governor have announced a ‘burden sharing’ plan to fund part of the government’s fiscal stimulus.…

RMB Bullish

In: Hive Exclusives | Asia China EM FX Monetary Policy & Inflation

Turning Bullish On RMB

June 05, 2020

As the market waited for President Trump to announce dramatic punitive measures against China on 28 May, the RMB fell to its weakest point this…

Hong Kong Economy

In: Hive Exclusives | Asia Economic Growth EM FX Labour Market & Inequality

Hong Kong: Convergence Trade

February 11, 2020

Hong Kong’s economy is in its deepest recession since 2008. Real GDP contracted by 2.9% YoY in Q4. Q1 is on track for a sub -5% YoY print…

Reserve Bank of India

In: Hive Exclusives | Asia Economic Growth EM Labour Market & Inequality Monetary Policy & Inflation

India: Trading The L-Shaped Recovery

February 04, 2020

We update our views on India ahead of Thursday’s MPC meeting.  After the RBI’s surprisingly hawkish MPC meeting on 5 December, when…

In: Hive Exclusives | Asia Economic Growth EM Labour Market & Inequality Monetary Policy & Inflation

India Pivots Too Soon?

December 10, 2019

India’s Q3 GDP was predictably weak at +4.5% YoY. It might have been even weaker but for a timely surge in government spending…

Pagoda China

In: Hive Exclusives | Asia Bonds China Credit EM Monetary Policy & Inflation

Pork Shock – What Next For Chinese Bonds?

November 12, 2019

Foreign investors purchased about USD65bn in Chinese onshore fixed income YTD, a record high. Foreigners now own about USD300bn…

In: Hive Exclusives | Asia Credit EM FX

India: Give Me Some Credit!

October 17, 2019

The domestic credit crunch in India has extended. This is forcing Indian borrowers to increasingly rely on USD borrowing. India’s credit…


In: Hive Exclusives | China FX

Renminbi Falls. But Could This Be Good News?

August 08, 2019

It’s an ‘escalation’, a ‘weaponisation’, even a ‘Pandora’s Box of uncertainty’. You can choose from a range of conclusions on China…

Donald Trump

In: Hive Exclusives | FX US

Trump’s Weak Dollar Policy

June 20, 2019

In May the US commerce department requested powers to impose tariffs on nations with undervalued currencies…

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