Switzerland

In this chartbook, we look at the balance of payments across DM and EM countries. The US does not fare well, but neither do a few other countries.

In this Insight, we highlight our strong conviction trades based on the central bank meetings held by the Bank of England, the Norges Bank, the Swiss National Bank and the Riksbank.  

Switzerland looks pristine, but the near-term risks are mounting. Deflation pressures, overvalued assets, and a highly exposed export sector leave the economy vulnerable to a slowdown. This report explores why the SNB will ease more than markets expect, and how to position across CHF, equities, and bonds.

In this FX note, we provide a rationale for why it is important to pay attention to technical indicators, while still keeping your eyeball on the structural factors that drive currencies. This report answers the following questions: 1. Should you buy or sell the USD over a three-to-six month period from the pure lens of our proven technical indicators and 2. What are the best tactical cross trades among currencies. 

The easing bias remains, but not all central banks are equal. This Central Bank Monitor update reveals who is ready to cut more and who is still pretending not to.

This report looks at the FX implications of the Trump tariffs, and the review of our Q1 trades.