Weekly summary of Vermilion's global technical equity strategy calls, including sector weightings, from both a top down and bottoms up perspective.  

The USD index has risen by 5% so far this year. Comparing banks' net foreign currency position with the over/(under) valuation of currencies against their REER fair values allows us to identify banks offering the best hedging potential. Looking at th...

It may be time for Asia emerging market veterans to revisit some of their old haunts. A cohort of investment professionals who built their careers in ASEAN equities have been pulled to China and India. This has been exacerbated by the tides of EM ben...

For ease of reference, we present the results of our analysis at the country level in this report. Greek banks' bottom-line is most sensitive to higher margins; their current margins and profitability remain depressed. But since profit is smaller tha...

Chinese military aircraft sorties in Taiwan's air defence identification zone ("airspace" in the Taiwan Straits) are common, but not on the scale seen recently. The timing coincides with Australia's nuclear submarine deal with the US and UK ("AUSUK")...