Mohammad H. Ali @puritymacro

Former Global Head of Forex Trading, founder of Purity Macro & global macro thinker. Sign up to my newsletter on link below: https://t.co/z5ao03vzSd Toronto, Ontario Joined January 2012

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Mohammad H. Ali @puritymacro

a year ago

Q2 US Gdp growth is almost wholly driven by a sudden re-stocking of private business Inventories and Core Pce for June while slightly higher than expected overall was benign as shelter inflation cools. puritymacro.substack.com/p/macro-podcas…

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Mohammad H. Ali @puritymacro

a year ago

US Q2 Gdp came in at 2.8% this week, with Core Pce now sitting around 2.6%. That means US nominal GDP is still running well north of 5%. Food for thought.

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Mohammad H. Ali @puritymacro

a year ago

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Mohammad H. Ali @puritymacro

a year ago

One of the most important charts we need to be following in terms of tracking how Fed Policy will evolve over the next few months..

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Mohammad H. Ali @puritymacro

a year ago

open.substack.com/pub/puritymacr…

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Mohammad H. Ali @puritymacro

a year ago

The main Chinese Equity index average breaks under a key technical level to close at 2,963 today. We need to be on high alert now for a new stimulus announcement from Chinese authorites

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Mohammad H. Ali @puritymacro

a year ago

Fed Preview : Tomorrow promises to be one of the more contentious Fed meetings given the conflicting economic and macro backdrop. Listen in to my 6 min podcast where we attempt to demystify the potential range of outcomes. I hope you enjoy it:) puritymacro.substack.com/p/macro-podcas…

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Mohammad H. Ali @puritymacro

a year ago

Ecb is going to cut rates in June. German May monthly cpi just came in close to 0% today, lowest in 5 months. The ECB have been inclined to reduce rates and if the monthly European cpi number comes out weak, Ecb's gonna go.

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Mohammad H. Ali @puritymacro

a year ago

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Mohammad H. Ali @puritymacro

a year ago

Fed Policy : Fed has already started easing policy. Our calculations predict Fed will be a net buyer of notes this year (100B plus) and it’s unlikely the balance sheet will continue to contract given taper and extraneous reserve influences. Growth data momentum is slowing…

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Mohammad H. Ali @puritymacro

a year ago

China and the Fed are pouring new money into the global financial system again, forcing all manner of risk assets higher. According to our calculations new housing stimulus measures announced by Chinese authorities this past week on top of anticipated increased bond purchases by…

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Mohammad H. Ali @puritymacro

a year ago

Chinese authorities are boosting their ailing property market by cutting mortgage rates, reducing home deposit percentages and encouraging land buybacks. Real estate stocks in China have exploded today on the news. China is pushing their entire interest rate curve lower, in…

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Mohammad H. Ali @puritymacro

a year ago

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Mohammad H. Ali @puritymacro

a year ago

Checkout my weekly macro report

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Mohammad H. Ali @puritymacro

a year ago

Global $Bond Yields are melting up today. Australian Bond yields lead the move(+15 bps) on the back of stronger CPI data. $German Bund Yields are +8 bps after stronger than expected PMI and IFO data. US treasury yields are +5bps today, trading at 4.65%, ahead of a key 30yr…

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Mohammad H. Ali @puritymacro

a year ago

$US GDP Preview: GDP growth is likely to come in close to 3% for the first quarter. Consumption expenditures have been strong, service sector PMI's are firm and we are expecting strength in business investment. If the number does come in around 3% for the quarter, expect more…

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Mohammad H. Ali @puritymacro

a year ago

$US bond yields have been converging towards the Fed’s overnight Policy rate. As short term inflation metrics rise, the negative carry on holding long Bond positions becomes a key factor in valuation. Imminent rate cuts are needed to offset the cost of funding long Bond…