IGM FX & Rates | Analysis | Financial intelligence

Use our intelligence to maximize performance whether you’re trading, making investment decisions, advising clients or delivering research.

How it works
Many of our analysts are ex-market, so they have the knowledge, experience and contacts to ensure unrivalled sources of information.

Plus, you get an even fuller picture with information from other Informa sources, like EPFR and iMoneyNet incorporated into IGM FX and Rates content.

We’re regularly first with in-depth updates that go beyond the headlines, and we’re quicker to react to breaking news with meaningful interpretation. We also offer unique trading ideas and web/onscreen performance tracking.

How IGM FX and Rates can help
IGM filters and deciphers market moves and news to give you a timely, concise view.

You can be sure that you’re getting an unbiased take on what’s going on. Our coverage isn’t restricted to any in-house opinion or outlook. So you can stay fully informed and armed with intelligence on everything from key market moving impulses and topical issues, to rumors and exclusives.

EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com, Co...

US Equity Funds Having Biggest Outflow Since Jan. 2016

By Charles Biderman, Informa, TrimTabs 23 Aug 2017

At Same Time Informa TrimTabs MacroIndex Makes New High US Equity Mutual and US Equity Exchange Traded Funds are on track for the biggest one month combined outflow since January 2016. That bearish tidbit follows on what I wrote last week, which was that US public companies have announced the least amount of new stock buybacks this earnings season in five years, and have also reduced actual capital expenditures on new plant and equipment so far this year to the lowest level in five years. Read more from Charles Biderman.

EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

Politics, Geo and Otherwise, Encourage ‘Bullish’ Range Bias

By David Ader 18 Aug 2017

The week just passed was a back and forth story for the Treasury market with, initially, a relaxation of tensions over North Korea edging rates higher which got a further lift on the back of a firm Retail Sales report and its prior upward revisions. That pressure reversed when Trump came back with yet another fiery condemnation of all sides in the Charlottesville altercation saying that both sides, including the apparently newly formed ‘alt left’, were behind the violence and equating Confederate generals to George Washington and Thomas Jefferson. The latter pair, as I recall, were in favor of creating a union vs. breaking it up so I’m not sure the analogy fits, but there you go. Read more from David Ader's latest musings.

EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com, Co...

Has Corporate America Given Up on Trump? New Float Shrink & Capex Plunging - Cash Growing

By Charles Biderman, Informa, TrimTabs 16 Aug 2017

Corporate America appears to have given up on Donald Trump by their actions. I have commented several times this year, in print and on CNBC, that both newly announced stock buybacks and cash takeovers of public companies are plunging. So far this summer, corporate buying is at a multi-year low. But what’s new and much worse for the economy is that, according to S&P Dow Jones Indices’ Howard Silverblatt, capital expenditures since the start of this year --when Donald Trump was sworn in --have plunged to the lowest levels since early 2011. Read more from Charles Biderman.

EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

Bullish Edge in Range Context

By David Ader 11 Aug 2017

I suppose that in the week just passed the big story that kept yields from doing anything major (other than edging lower sans drama) was the rhetoric between Trump and Kim Jong Un which is notable in itself. This hints that the domestic data was worthy of a yawn, which it was, even though my take was that it points to ongoing slow-mo growth that doesn’t do a thing to threaten more intense Fed action or provide solace to the bond bears out there. Nor, for that matter, does it do all that much for the bulls. Fence sitters rejoice. Read more from David Ader's latest musings.

EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

On to Neutral, Balance Between Labor and Inflation and Demand

By David Ader 04 Aug 2017

In the week just passed, Treasuries bull flattened largely on the back of a set of soft data leading up to NFP and ancillary issues that have been ongoing (Washington stuff, FX influences) and a teeny bit of reduction in the market’s odds for a Fed hike later this year. Dec Fed Funds edged to 1.21+%, the lowest they’ve been since the middle of May. Hike probabilities sank to 36.5% for that month. Read more from David Ader's latest musings.

EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com, Co...

VIX – The Canary in the Stock Market Coal Mine

By Charles Biderman, Informa, TrimTabs 04 Aug 2017

Low VIX Due to Belief that Central Banks Have the Market’s Back However When The VIX Surges Again, Watch Out Below. The VIX, the acronym for the price volatility index of the S&P 500 (also called the Fear Index) has been trading at below 10 – the lowest since December 1993. The bigger the price changes over a short period of time, whether up or down, the higher the VIX. Read more from Charles Biderman.

IGM FX and Rates

BoE/MPC insight - no guidance fireworks

By Alvin Baker 03 Aug 2017

BoE Gov's changed guidance affirms our view that the UK rates' structure has been left too low/benign

IGM FX and Rates

Viewpoint: US debt ceiling negotiations an increasing concern

By Jianhui Tan 02 Aug 2017

Viewpoint: US debt ceiling negotiations an increasing concern

IGM FX and Rates

Viewpoint: Evidence of USD weakness abating as it bounces despite soft data

By Jianhui Tan 02 Aug 2017

Viewpoint: Evidence of USD weakness abating as it bounces despite soft data

EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

Defensive Into Data Mass, Low Inflation Providing Little Solace

By David Ader 28 Jul 2017

In the week just passed perhaps the most anticipated event, though anticipated largely in void of any drama, was the FOMC meeting which delivered exactly what was expected. In short, there were only very modest changes to the words from the June meeting; the market’s subdued reaction reveals all. Read more from David Ader's latest musings.

IGM FX and Rates

BoE/MPC insight - mins/verdict less hawkish vs QIR?

By Alvin Baker 27 Jul 2017

BoE Gov's changed guidance affirms our view that the UK rates' structure has been left too low/benign

IGM FX and Rates

GOLD/COPPER RATIO TECH - 10yr trendline break signals 4.01/3.79

By Ed Blake 26 Jul 2017

Gold/Copper ratio breaks a 10-year rising trendline - where next?

EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com, Co...

Biderman on Markets: Zero Interest Rates Creating Lemmings Heading Towards The Inevitable

By Charles Biderman, Informa, TrimTabs 26 Jul 2017

For as long as both the European, UK, and Japanese central banks keep printing money the global stock market rally will continue. For as long as the rally keeps going, more and more money will flow into Exchange Traded Funds that passively invest in all the major market indices. However, when the global central banks stop printing money and thereby cease creating asset price inflation; the resulting plunge in stocks will look very similar to lemmings going over the cliff. Read more from Charles Biderman.

EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com

Calling it a Range, Modest Upside a Tactical Play

By David Ader 21 Jul 2017

In the week just passed the bond market continued its bullish recovery though with far less of the fundamental impetus that followed the prior week’s litany of economic disappointments – ranging from the Fed’s Labor Market Conditions Indicator to NFIB, CPI, Retail Sales and U Michigan sentiment. The fact that I’m relaying those specific releases now underscores the fact that there wasn’t much new to add or detract from all that. Read more from David Ader's latest musings.

EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com, Co...

Zero Interest Rates (ZIR) Keeping Inflation Low

By Charles Biderman, Informa, TrimTabs 19 Jul 2017

Oil, as evidenced by West Texas Intermediate (WTI), has been trading in range from about $40 to $50 per barrel for two years. Yet most investors, economists and pundits continue to predict a rebound in energy prices. Despite low oil, there have been consistently huge flows into energy-based ETFs. Indeed, so far this year Commodity Energy ETFs have received new money equal to 5% of assets – despite the fact that Commodity Energy ETF prices are down 22%. In other words, even though investors have consistently been losing money, they keep on believing in higher oil prices. Read more from Charles Biderman.