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  • July 18, 2014 - Newsletter

    ATFA NEWSLETTER July 18, 2014 Dear Members and Friends, While the World Cup thrilled and excited (and distracted) billions around the world, market developments elsewhere were mixed – som...
  • June 12, 2014 - Newsletter

    ATFA NEWSLETTER June 12, 2014 Dear Members and Friends, There’s never a dull moment in the world of EM’s and trade. In recent days, the World Bank cuts its global growth forecast (...
  • April 9, 2014 - Newsletter

    ATFA NEWSLETTER April 9, 2014 Dear Members and Friends, Taking stock at the end of Q1 2014, it’s clear that demand (for assets) exceeds supply… thus yields continue to compress (in mos...
  • March 14, 2014 - Newsletter

    ATFA NEWSLETTER March 14, 2014 Dear Members and Friends,So far, 2014 has started off as a frustrating and confusing year for many market practitioners (of trade, loans and bonds). Margins keep compr...
  • January 30, 2014 - Newsletter

    ATFA NEWSLETTER 30January2014 Dear Members and Friends, Happy New Year!!!! Hope the ‘Year of the Horse’ brings good health, happiness and prosperity to all. We suspect, though, tha...
  • November 4, 2014 - Newsletter

    ATFA NEWSLETTER 14November2014 Dear Members and Friends,The world has experienced (and endured) incredible volatility since our last bulletin 5 weeks ago (Sept 30th). On Oct 7th the I...
  • November 1, 2013 - ATFA Newsletter

    ATFA NEWSLETTER November 1, 2013 Dear Members and Friends,Thankfully, yesterday’s month-end (accounting & trading pressures) and Halloween seemed to pass without many scares. This brings us i...
  • September 20, 2013 - ATFA Newsletter -

    ATFA NEWSLETTER September 20, 2013 Dear Members and Friends,This week’s FOMC statement – and need for “more evidence” – caught most, if not all, analysts & p...
  • August 23, 2013 Newsletter

    ATFA NEWSLETTER August 23, 2013 Dear Members and Friends,While some have been content to enjoy their vacation, many have spent hours poring over FOMC statements and Minutes. Speculation is rife as...
  • July 12, 2013 Newsletter

    ATFA NEWSLETTER July 12, 2013 Dear Members and Friends,Three weeks ago (when we last wrote), volatility, anxiety and EM outflows were high. Pleasingly, calm has been restored although ‘the twin e...
  • June 21, 2013 Newsletter

    ATFA NEWSLETTER June 21, 2013 Dear Members and Friends, What a difference a week makes, never mind an entire month! A lot has happened since our last bulletin on May 21st, including: The ‘e...
  • May 7, 2013 ATFA Newsletter

    ATFA NEWSLETTER May 7, 2013 Dear Members and Friends,In the last 10 days, France’s Finance Minster has declared that the ‘age of austerity is over’ (?), the S&P 500 reached a reco...
  • April 4, 2013 Newsletter

    ATFA Newsletter — April 4, 2013 ATFA NEWSLETTER April 4, 2013 Dear Members and Friends,Is the market pausing to catch its breath and wait for fundamentals to catch up before spreads tighten f...
  • March 2013 Newsletter

    ATFA NEWSLETTER March 13, 2013 Dear Members and Friends, In the last week or so it’s been reported that the Baltic Dry Index has averaged 767 since Jan 1st – its lowest in almost 30yrs &nda...
  • January 2013 Newsletter

    January 31, 2013 Dear Members and Friends, It’s hard to know exactly what to make of the latest GDP figures from China to Colombia – yesterday’s ‘unexpected’ shrinking of the US economy in Q4 2012 underscores the fragilit...