Macroeconomic Review 2022 by Aenaon
As 2022 comes to a close, the global market and economy still face a series of unresolved issues, including global inflation, U.S. Federal Reserve interest rate hikes, and recession fears. In addition...
Market Insights
Our recent views
The two cases for the US Dollar at the end of the year and what to look for – Month in Review: November 2022
Macroeconomic Environment Review FX markets were driven by unexpected events and developments in 2022, notably the Ukraine war and the rapid adjustment in monetary policy. The big winner was the USD a...
FX markets’ outlook remains uncertain towards the end of the year – Month in Review: October 2022
Macroeconomic Environment Review Currency markets remained broadly directionless during the past month driven by changing market perceptions of relative monetary policy adjustments. The US Dollar was...
The dollar looks towards further strength going into this year’s final quarter – Month in Review: September 2022
Macroeconomic Environment Review Financial and currency markets are on a roller coaster driven by the fear of recession and hopes that central banks will have to slow the pace of tightening soon. Poli...
Is a recession a real threat looking towards the end of 2022? – Month in Review: July 2022
Macroeconomic Environment Review The risk of recession in the major economies has increased yet financial markets are not very intimidated, hoping that central banks will prevent the worst. The USD sl...
Which trading strategies perform best during periods of rapid-fire change?
We bet we know why you’re reading this note and what you’re hoping to get out of spending a few minutes on it. We think we could make good money if we guessed that you’re looking for answers to the sa...
Further uncertainties ahead to favor more gains for the Dollar? – Month in Review: May 2022
Macroeconomic Environment Review The US Dollar has been the supreme performer so far this year. The US Dollar Index rallied 9.7% from the start of the year through the middle of May. USD strength was...
Two possible scenarios for the Dollar to unfold in the weeks to come – Month in Review: April 2022
Macroeconomic Environment Review The US Dollar rallied across the board in April. The Dollar Index (DXY) surged nearly 5% in April with all other major currencies down significantly versus the greenba...
Market uncertainty remains elevated but the focus doesn’t change too much – Month in Review: March 2022
Macroeconomic Environment Review The Russia-Ukraine war remains a source of uncertainty but has not derailed financial markets. Europe is still most at risk and commodity currencies remain a good hedg...
The war-fueled rise in uncertainty may benefit the Dollar, but will this last? – Month in Review: February 2022
Macroeconomic Environment Review Russia’s attack on Ukraine and the firm response by Western allies are both sea changes with far-reaching consequences. The near-term outlook is very uncertain but the...
Which are the two themes that will shape the FX markets’ path in 2022? – Month in Review: January 2022
Macroeconomic Environment Review Currency markets have been on a rollercoaster ride since the start of the year, primarily affected by two major themes: rising global growth optimism and a more hawkis...
Global economic outlook appears brighter going into the new year – Month in Review: December 2021
Macroeconomic Environment Review The economic activity across the developed world has reaccelerated in the fourth quarter of last year. The Omicron variant is expected to temporarily disrupt but not t...