Analysts at TD Securities, (TDS), explained that the word “contagion” is increasingly being used to explain the broad-based poor performance of EM assets.
Key Quotes:
“But “contagion” implies that pricing is driven by flows rather than fundamentals.”
“We are on the outlook for opportunities…
CBs (GBP,EUR,TRY,RUB); Spkrs (USD,SEK,AUD,GBP,NOK); Jobs (GBP,AUD); CPI (CNY,NOK,USD,JPY,SEK); IP (EUR,CNY); Survey (EUR,USD,AUD); GDP (JPY,SEK); Retail (CNY,USD); Housing (CAD,USD); BoP/Trade (GBP,JPY).”
Weekly Highlights
- ECB Preview: Time to Deploy the Taper
- BoE Preview: Nothing to See Here…
- Two charts to ponder in USDCAD
- The $200bn Question
- The Riksbank Pushes Out its Rate Hike. Again.
- September BoC: Don’t Rock the Boat
- Trade Idea: Receive 10y US vs EU Swaps
- AUD Q2 GDP: good news, CPI next
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