OctaFX | OctaFX Forex Broker
Open trading account

EM equities relatively stable since September - AmpGFX

Greg Gibbs, analyst at Amplifying Global FX Capital, suggests that emerging market financial market upheaval from April through to around September was a dominant theme in currencies. 

Key Quotes

“Weakness in Turkey and Argentina were key elements, but also Brazil, South Africa and Russian markets experienced significant weakness.  Key factors were weak external and fiscal balances and domestic and geopolitical risks.”

“EM equities were notably weaker than US equities from around April to September.  US equities rose to a peak for the year in early-October, keeping the Fed on a rate tightening path, pushing up US yields and boosting the USD against EM currencies.”

“However, in Q4, the USA led global equity and credit market volatility.  EM markets were also volatile but were showing relative stability.  US equities slumped to a recent low on 25-Dec, while EM equities held above their lows in October.”


Sakura report: BoJ raises the economic assessment for 2 of Japan's 9 regions

The Bank of Japan (BoJ) released its latest monthly Sakura (economic assessment) report, maintaining the economic assessment for 7 out of 9 regions.
Read more Previous

China: Soft inflation data - TDS

Analysts at TD Securities note that China's CPI came in softer than expected at 1.9% y/y in Dec (consensus 2.1%, TD 2.2%). Key Quotes “On a monthly
Read more Next
Start livechat