Divyang Shah, Senior IFR Strategist
Divyang's focus is in following broad macro trends globally with a view to building a tradable analytical framework. He was editor of the flagship products at IDEAglobal as well as head of FX research and then moved to Chief Strategist at Commonwealth Bank of Australia before joining IFR. Divyang looks to not only deliver executable trading strategies across the asset classes of foreign exchange, fixed income, foreign exchange options and swaptions. He is extensively quoted in the media both in print (FT) and TV (Bloomberg, BBC, CNBC). Based in London, Divyang is married with two children.
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Investors have regained their confidence on eurozone peripheral debt aided by the reduction of tail risks and reduced breakup risks. For policy makers there remains the outstanding issue of Slovenia but this is something to worry about at a later stage. The key focus now from the eurozone has shifted from putting out crisis fires and limiting contagion to trying to deal with low growth and high unemployment.
In previous cycles, exiting from stimulus has involved the Fed hiking the Fed Funds rate. There are some important nuances to keep in mind when trying to work out what impact a Fed exit from QE will have on risk markets.
It is going to be potentially an important day in terms of Fed speakers with some six speeches today.
- IFR Comment: The recovery/liquidity story of Greece
- IFR Comment: BoE - Inflation expectations, growth optimism
- IFR Comment: Banking union, bail-ins and firepower
- IFR Comment: Fed exit map ready, when does the ride begin?
- IFR Comment: Great rotation again, time to sell bonds?
- What's bad for JGBs is good for EGBs
- IFR Comment: BoK not playing the currency war card