This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.
(1) China: Curb Your Enthusiasm (3 min read) Are Chinese bonds and FX still attractive after this year’s strong gains? Mirza Baig expects FX appreciation to slow and bonds to perform better.
(Mirza Baig│ 11th December, 2020)
(2) INR – Asia’s Worst-Performing Currency in 2020 (2 min read) RBI FX intervention has left the rupee lagging behind others in Asia this year. But with the above target inflation and balance sheet expansion eating into RBI profits, Caroline Grady makes the case for INR appreciation.
(Caroline Grady│ 11th December, 2020)
(3) Iron Ore Insights (2 min read) Iron ore is rallying and diverging with the Baltic Dry index. John Butler discusses whether this trend can continue in 2021.
(John Butler│ 10th December, 2020)
Fixed income: Is it time to pivot toward emerging markets? (Invesco,3 min read)
China’s Belt and Road Initiative Collides with Pandemic Realities (Conversable Economist, 4 min read)
Five Charts that Make the Case for a Bull Market in Commodities (Advisor Perspectives, 6 min read)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)