Currency Markets Outlook - Articles & White Papers
Articles and white papers on the currency markets outlook. This section includes currency research suitable for both asset allocators and currency traders - papers written from both a secular/long-term viewpoint and also a short-term/currency trading perspective. One of most popular papers, for instance, looks at the history of emerging market currency returns, while another is an analysis of the... peak in global FX reserves and the implications for financial markets (quantitative tightening!). Most of the FX research in this section consists of periodic reports on the currency outlook. For instance, Scotia Bank produces an interesting document, the "Foreign Exchange Monthly Outlook", which begins by examining the market backdrop and economic fundamentals before analyzing currency charts and making currency forecasts for each of the major currency pairs. Technical analysis and trend-following techniques are arguably more appropriate for currency than for any other asset class, and the FX reports in this section (and more so in our currency "news & blogs" section) feature a lot of FX chart analysis.
This monthly document by Robeco provides insights into the outlook for global equities, bonds, and foreign exchange. The authors also provide a brief regional economic analysis for the United States, Europe, Japan, and China.
Year-end 2018 was the antithesis of the close-out in 2017. While investors reveled in large equity gains and low volatility the year before, 2018 brought the misery of steep losses and high levels of volatility. Markets were choppy throughout the year and especially in the fourth quarter, with stocks wavering between gains…
The impact of currency hedging for global portfolios has been debated extensively. In this paper we take an approach from a risk viewpoint (i.e., can hedging lead to lower volatility or be some kind of risk control?) as this is central for outcome-oriented asset allocators.
Join FTSE Russell and IndexIQ, a New York Life Investments company, for an overview on international equities and a discussion on managing currency volatility through passive currency hedging approaches.