Analysis On Fixed Income, Fx & Equity Markets

The Brazilian real's break through multi-month resistance at BRL1.7400/US$ is a massive technical signal and reinforces our view that the authorities are struggling to contain appreciatory... 2010-09-03

After last week's strong closes, the Mexican IPC and Brazilian Bovespa equity indices have started the week on the back foot, reinforcing our view that a major correction could be drawing... 2010-08-31

President Cristina Fernández's demand for a review of the 1976 deal that saw Argentina's largest paper maker sold to some of the country's biggest media companies reinforces our view... 2010-08-26

Since we set out our bullish view on Brazilian local debt at the beginning of August yields have compressed rapidly, breaking though multi-month resistance at both the short- and long-end... 2010-08-20

For some time now, our regional FX favourites have been two pesos, Chilean and Colombian, which have remained on appreciatory trajectories over recent months. Boosted by robust domestic... 2010-08-17

Despite our bearish bias towards Latin American equities, we are not yet ready to call the top in regional stock markets. The recent leg down prompted by the US Federal Reserve's decision... 2010-08-12

One of our key market strategies for Brazil of late has been that yields on government bonds would fall as the country's strong economic recovery and low interest rates in the US anchor... 2010-08-05

Our long-standing view that growth will cool considerably in Brazil in the latter part of 2010 is now firmly playing out, with latest industrial production data again surprising consensus... 2010-08-04

With global markets starting the week on a very shaky footing, our long-standing bearish bias towards the Brazilian Bovespa and the Mexican IPC equity indices remains firmly in place.... 2010-07-19

With leading indicator data increasingly bearing out our view that economic activity in Brazil is starting to moderate, we believe that downside pressure on the overnight interbank... 2010-07-15