If you would like to connect and contact the author,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 & Hong Kong Economics FX Monetary Policy & Inflation
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…
In: Hive Exclusives | China & Hong Kong Economics FX Monetary Policy & Inflation
My discussions with macro investors have recently centred around two questions. First, could the RMB extend its gains further? And second, could…
In: Hive Exclusives | Commodities & Energy Investment Strategy
The sharp decline in gold prices last week has triggered heated debate among market participants. The bulls argue that this is just…
In: Hive Exclusives | Emerging Markets Monetary Policy & Inflation Rates
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.…
In: Hive Exclusives | China & Hong Kong FX
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…
In: Hive Exclusives | Economics FX Growth & Labour Market
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…
In: Hive Exclusives | Emerging Markets Growth & Labour Market Monetary Policy & Inflation
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 | Emerging Markets Growth & Labour Market Monetary Policy & Inflation
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…
In: Hive Exclusives | China & Hong Kong Credit Emerging Markets Rates
Foreign investors purchased about USD65bn in Chinese onshore fixed income YTD, a record high. Foreigners now own about USD300bn…
In: Hive Exclusives | Credit Emerging Markets FX
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 | Europe Growth & Labour Market Monetary Policy & Inflation Rates US
It’s an ‘escalation’, a ‘weaponisation’, even a ‘Pandora’s Box of uncertainty’. You can choose from a range of conclusions on China…
In: Hive Exclusives | Economics FX US
In May the US commerce department requested powers to impose tariffs on nations with undervalued currencies…
