Lloyd Miller

ETM Analytics

Head of Developed Markets and Latin America Research @ ETM Analytics

Lloyd is a Research Analyst at ETM Analytics covering G10, Latin America, and South Africa. He has four years full-time professional experience in market research, specialising in macroeconomics, fixed income, and foreign exchange markets. This follows on from his experience as a Management Consultant at a top tier firm in South Africa, at which he spent two years. Lloyd holds a Bachelor of Commerce Honours degree in Economics from the University of Pretoria in South Africa, as well as an Advanced Certificate in Emerging Market and Country Risk Analysis from Fordham University in New York. His market commentary has been featured in industry publications such as Bloomberg, Reuters, and CNBC Africa.

Lloyd Miller
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Latest from Lloyd Miller

Kenyan lawmakers create a committee to look into matters of public deb

The May US Jobs report today will carry added focus as it will be eyed for any signs that recession concerns have started to impact hiring. The hike unwinds some of the 250bps points of easing announced since 2020 to prop up the economy ravaged by th...
ETM Analytics Takudzwa
Takudzwa Ndawona @ ETM Analytics 3 June 2022

Do we take central bank guidance at face value?

Central banks use verbal guidance as a tool to prompt financial markets to adjust long before a policy-changing decision is taken and implemented. This aims to influence the financial decisions of economic actors by providing a guidepost. These risks...
ETM Analytics Lloyd
Lloyd Miller @ ETM Analytics 28 April 2022

Under pressure commodities will weigh on Latam FX and spur growth concerns

Brazil: Looking at the session ahead, the central bank is slated to publish its Focus survey, which will provide the latest economists' estimates for GDP, inflation, the Selic rate and FX. Colombia: Colombia's fiscal rule committee, which is tasked w...
ETM Analytics Lloyd
Lloyd Miller @ ETM Analytics 26 April 2022

Latam markets to face risk-off conditions, slumping commodities

Brazil: It’s a busy week ahead in terms of economic data. Core inflation continued to accelerate, rising to 7.16% y/y, during a period that included the Easter break spending. Foreign selling of Mexico's bonds accelerated in the week ended April 8 af...
ETM Analytics Lloyd
Lloyd Miller @ ETM Analytics 25 April 2022

Mexican CPI to affirm Hawkish outlook for Banxico

Brazil: Brazilian markets return to trade today. The focus for many traders is squared on the May FOMC meeting. Brazil’s terms of trade have risen significantly compared to pre-pandemic levels, which, together with the aggressive monetary policy tigh...
ETM Analytics Lloyd
Lloyd Miller @ ETM Analytics 22 April 2022

IMF expects tepid growth in Latam, but some outliers exist

Brazil: The outlook for commodity-exporting countries such as Brazil have seen an improvement according to the IMF’s latest WEO report. The president’s policies have prioritised strengthening state-owned companies over private investment. The revised...
ETM Analytics Lloyd
Lloyd Miller @ ETM Analytics 20 April 2022

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