53 episodes

Weekly FX insights and comment from Derek Halpenny and Lee Hardman of the MUFG EMEA Global Markets Research Team

The MUFG Global Markets Podcast MUFG EMEA

    • Business
    • 5.0, 4 Ratings

Weekly FX insights and comment from Derek Halpenny and Lee Hardman of the MUFG EMEA Global Markets Research Team

    Entering the inflection point in global oil markets: The Global Markets FX Week Ahead Podcast

    Entering the inflection point in global oil markets: The Global Markets FX Week Ahead Podcast

    There’s tangible credence that normal service is returning to global oil markets. With the sharp rebalancing continuing to gather speed, the inflection point is set to be reached in late May to early June, as oil markets are set to become instantaneously balanced with the equilibrium of supply equating demand.
    Whilst Ehsan Khoman, Head of MENA Research and Strategy, remains resolutely bullish on oil prices, he views crude oil correcting the current oversold condition into a holding pattern with range-bound prices over the next 2 to 3 weeks, with the next leg higher in prices taking a firm hold once oil markets move into a deficit by mid-June.

    • 8 min
    Powell says this, Mnuchin says that. Does historic monetary and fiscal stimulus continue? The MUFG Global Markets Podcast

    Powell says this, Mnuchin says that. Does historic monetary and fiscal stimulus continue? The MUFG Global Markets Podcast

    The collective responses from the U.S. government and Federal Reserve Bank to the COVID-19 pandemic have been nothing short of historic. But the shared approach is now showing signs of fray.... Is this a false start, or is the balance between monetary and fiscal easing about to change?
    MUFG U.S. Rates Strategist, John Herrmann, picks up where we left off with last week's episode on prospective additional fiscal stimulus. Tune in to this episode for John's analysis of Fed Chair Powell and Treasury Secretary Mnuchin's remarks from earlier this week, as well as an outlook for the U.S. economy and the investment implications of the various ways that this is all playing out.

    • 11 min
    Japan’s 2nd round of fiscal stimulus and cross-border flows: The MUFG Global Markets Podcast

    Japan’s 2nd round of fiscal stimulus and cross-border flows: The MUFG Global Markets Podcast

    The State of Emergency was lifted for 39 of 47 prefectures in Japan last Thursday, May 14. Japanese companies are restarting business, but there is significant concern that coronavirus cases will start to rise again. As if all that wasn't enough, amidst this fluid situation Japanese companies are currently releasing fiscal year 2019 earnings.
    In this episode MUFG’s Takahiro Sekido, Chief Japan Strategist of Global Markets Research, discusses Japanese Prime Minister Abe’s 2nd fiscal stimulus package, risk appetite among Japanese investors, cross border flows and his view on the Yen, JPY rates and USDJPY basis.

    • 9 min
    Doom and gloom for GBP: The Global Markets FX Week Ahead Podcast

    Doom and gloom for GBP: The Global Markets FX Week Ahead Podcast

    A negative rates shift from the Bank of England, the UK Government's handling of COVID-19, Brexit negotiations stalling, and a dreary economic outlook are all factors causing downside pressures to GBP, according to Derek Halpenny, Head of Research for Global Markets.
    Listen below to hear Derek’s outlook for the GBP, USD, and his unusual trade idea.

    • 10 min
    Are Gulf US Dollar Currency Pegs Sustainable? The Global Markets FX Week Ahead Podcast

    Are Gulf US Dollar Currency Pegs Sustainable? The Global Markets FX Week Ahead Podcast

    The epic oil price collapse is throwing the decades old oil currency pegs of the Gulf Cooperation Council (GCC) back in the spotlight. Whilst GCC currency pegs have passed the test of time, they are under intense pressure in forward markets, and facing their sternest test in many years.
    Ehsan Khoman, Head of MENA Research and Strategy, believes that while the balance sheets of the GCC countries have deteriorated in recent years, with public debt higher and foreign reserves lower, oil prices will need to remain protractedly weak before pegs become unsustainable.
     

    • 8 min
    The MUFG Global Markets Podcast – HEROES act, but what ultimately gets done?

    The MUFG Global Markets Podcast – HEROES act, but what ultimately gets done?

    The U.S. government only recently unleashed historic fiscal stimulus to address the COVID-19 pandemic, yet discussions are already turning toward another round of stimulus. With form, timing and ultimate passage unclear, what is an investor to do?
    In this episode Jesse Wheeler, of MUFG's Washington DC Representative Office, reviews where discussions of additional stimulus currently stand. He also explores Democratic, Republican and White House priorities and shares what we can expect to be in the ultimate legislation.

    • 10 min

Customer Reviews

5.0 out of 5
4 Ratings

4 Ratings

Luke— ,

Great

Excellent overview of current affairs and impact on the markets

brendanmch ,

Real insight and knowledge

Very good insight from Lee and Derek as always

social piranah ,

I love this!

I love the voice of the person who does the intros!

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