At Any Rate

This week our FX strategists discuss the implications of the dovish BoJ meeting for JPY as well as lingering FX intervention risk. We also look ahead to US event risk for the dollar next week with a full data calendar and the FOMC. Speakers: Arindam Sandilya, Global FX StrategyBenjamin Shatil, Economic and Policy ResearchPatrick Locke, Global FX Strategy This podcast was recorded o

Speaker: Gregory Shearer, Head of Base and Precious Metals Research Last week, we attended Cesco Week, one of the leading copper events globally, which brings together the most important producers & consumers and industry leaders each year in Santiago, Chile. We encountered nearly universal bullishness on copper prices over the medium-term, though near-term, there was still a s

Jonny Goulden and Saad Siddiqui discuss the latest market developments and their impacts for the EM fixed income asset class. This podcast was recorded on 25 April 2024. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4682555-0 for more information; please visit www.jpmm.com

Speakers: Stephen Dulake, Global Head of Spreads Product Research Samantha Azzarello, Head of Content Strategy Stephen Dulake, Global Head of Spreads Product Research, and Samantha Azzarello, Head of Content Strategy, are joined by Daniel Lamy, Head of European Credit Strategy Research and Nelson Jantzen, from High Yield, Leveraged Loans and Distressed Leverage Credit Research to u

Rates strategists Jay Barry and Teresa Ho discuss the strength of this tax season and what that tells us about the TGA, the debt ceiling, QT, and the lowest comfortable level of reserves. SpeakersJay Barry, co-head US Rates Strategy Teresa Ho, Head of US Short Duration Strategy This podcast was recorded on April 19, 2024. This communication is provided for information purposes only

Meera Chandan, Arindam Sandilya and James Nelligan outline our constructive USD view and the implications of the joint statement from Japan/ Korea/ the US this week. Speakers Meera Chandan, Global FX StrategyArindam Sandilya, Global FX StrategyJames Nelligan, Global FX Strategy This podcast was recorded on 19 April 2024. This communication is provided for information purposes only.

Oil shrugged this week’s escalation in geopolitical tensions in the Middle East. To some extent, this could be explained by the fact that some of the geopolitical risk premium was already priced in. Since last October we have viewed market reaction to political events in the region to be excessive for two reasons. First, main players in the Middle East have strong incentives to k

With timing being the key behind our bullish regional Henry Hub story, the reversal of a preliminary junction granted to Energy Transfer a year ago may provide relief for future LNG demand. Meanwhile, the USDA’s April WASDE was neutral-to-bearish relative to average trade expectations, leaving unanswered questions for South American corn and soybean production, after yet another

A hot CPI print following the recent strong jobs print has put ‘high for long’ back in focus, challenging the soft landing narrative. We discuss with Phoebe what these ‘bumps in the road’ mean our views on TIPS, breakevens, and duration generally. As for Gold, Greg dissects the reasons for the recent rally and reviews whether the rate cutting cycle is going to be as bullish

Jonny Goulden and Saad Siddiqui discuss the latest market developments and their impacts for the EM fixed income asset class. Speakers:Jonny Goulden, Emerging Markets Strategist Saad Siddiqui, Emerging Markets Strategist This podcast was recorded on 11 April 2024. This communication is provided for information purposes only. Institutional clients can view the related report at http