Independent research into the global economy and key FX and interest rate markets in one place

Download publications with mid-term analyses. Ideal for teams involved in hedging financial market risks. Request a free trial period.

JumboHuntsmanTransaviaWagenborgEcco
What are the specific risks for the financial markets? What political risks will have an impact?
What levels for EUR/USD and EUR/GBP can you expect in the months ahead. What are the scenarios?
To what levels will interest rates rise? And how fast? Is it necessary to hedge your interest rate risk?

Risk & Strategy publications

Will investors continue to choose US over Europe?

Andy Langenkamp
Thursday, 13 February 2020
Andy Langenkamp

Investors in the US and Europe do not seem to be concerned about the coronacrisis and worsening economic data. In addition, US shares are still performing significantly better than most European shares. Do political developments suggest persistent higher investor confidence in US than in European markets this year?

Register and download

Market bubbles

Eddy Markus
Thursday, 6 February 2020
Eddy Markus

The global economy has been dealt a shock by the coronavirus, and central banks have not been able to push up inflation and interest rates to the extent where sufficient buffers are created to cope with a crisis. Will monetary authorities and policymakers succeed in finding a way out and, if so, will they be able to do so without inflating very risky asset market bubbles?

Register and download
More Risk & Strategy publications

Foreign Currencies publications

The consensus expectation for EUR/USD is too optimistic

Eddy Markus
Monday, 10 February 2020
Eddy Markus

Most FX analysts expect EUR/USD to strengthen due to, among other things, declining interest rate differentials.  However, there are good reasons to believe the consensus is in for a surprise. In this week’s FX report, we explain why.

Register and download

Safe-haven currencies benefit from coronavirus

Eddy Markus
Monday, 27 January 2020
Eddy Markus

In case the corona virus affect other countries and will cause more economic harm worldwide, it will become important how much latitude central banks and government have to stimulate economic growth. The US, the UK and Switzerland have relatively more options than Japan and the EMU countries. These differences will increasingly steer fluctuations in the currency markets..

Register and download
More Foreign Currencies publications

Interest Rates publications

How higher interest rates are achieved in three phases

Ron Markus
Monday, 17 February 2020
Ron Markus

We still expect long-term interest rates to increase significantly over the longer term due to expanding budget deficits which will be financed by central bank money printing. However, the corona virus has pushed back this forecast a bit. In this publication, we explain why and  what the expected impact is of the corona virus and central bank policy on long-term interest rates in the coming months.

Register and download

The coronavirus will influence developments in the interest rate markets for the time being

Ron Markus
Monday, 3 February 2020
Ron Markus

The coronavirus has been dominating financial markets. Will central banks and governments come to the rescue and make sure that the markets and world economy will only be hit temporarily? Or does the crisis mark the start of a bear market?

Register and download
More Interest Rates publications