EFTA01459611Set 10
2016-01-121p707w
issue USD
debt as in the 1990s - private external debt totals !Figure 3: Both DXY and Brent matter for Saudi CPI
$68bn, a mere I0% of GDP (by contrast, South ... African
and Turkish total external debt equals 46% and 58% of 5 ----Inverted DXY (350/DXY) r 14%
Log Brent
GOP, respectively). An IPO of Saudi Aramco refining ... depreciated enough (dragged down by -2%
the euro peg). DXY strength has a noticeable -4%
dampening effect on Saudi inflation independent of r- -6%
Brent prices - 10% DXY lower
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459611.pdf
EFTA01172124Set 9
8p6,006w
enough differences, including that the Chinese DXY
slowing is policy induced and can be turned around, but the situation mast be
40 0 10 20 90
monitored closely. US fiscal ... Bonds(H)
more market pressure. That implies a tactically negative view on peripheral DXY
bonds. even as we expect stabilisation later in the year ... previous recession/financial crisis.
• Yearsend targets are modest, with less than 2% trade-weighted decline: DXY
76, JPMQUSD 80, USDLIPY 72,EUR/USD 1.38, GBP/USD 158 andAUD/USD
L04. FX volatility should remain
https://www.justice.gov/epstein/files/DataSet%209/EFTA01172124.pdf
EFTA02156002Set 10
2012-11-077p1,860w
10yr 1.68%
Futures: Dow +14, Nasdaq +7, S&P +3 DXY $80.44 (-17c) Crude $88.00 (-71c) Gold $1725.70
(+$10.70) Copper +0.19%
President Obama has been re-elected ... today with Equities, Gold, Silver, Copper & Commodity-related FX's all continuing
higher while DXY sells off & UST's rally. European Commission officially publishes its new economic
forecasts today (Spain
https://www.justice.gov/epstein/files/DataSet%2010/EFTA02156002.pdf
EFTA00413482Set 9
2012-05-096p1,995w
Silver -2.3% US 10yr 1.82%
Futures: Dow -63, Nasdaq -16, S&P -8 DXY $80.00 (+27c) Crude $96.33 (-68c) Gold
$1582.60 (-$21.90)
Asian markets were back in risk ... range, Spain CDS now north of 500 bps, IBEX -2.6%. EUR 1.2974 last
-0.24%. DXY +0.36% and Gold getting hit hard -$22 to $1583. Heavy on the earnings front
https://www.justice.gov/epstein/files/DataSet%209/EFTA00413482.pdf
EFTA02128729Set 10
2013-09-138p1,870w
10yr 4.54%
Spain 10yr 4.450/0
Futures: Dow +1, Nasdaq +2, S&P -2 DXY $81.60 (+11c) Crude $107.56 (-$1.04) Gold $1310.20
(-$20.50) Copper -0.08% Silver -2.66%
Asian markets ... chief and the decision could be announced sometime after next
week's FOMC meeting (DXY +0.15%, Gold -1.6%, US 10yr yield +2 bps to 2.9284%). There are a
number
https://www.justice.gov/epstein/files/DataSet%2010/EFTA02128729.pdf