At Any Rate
Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.
10
Global FX: Interrogating the optimistic baseline
<p>Arindam Sandilya, Junya Tanase, James Nelligan and Patrick Locke stress test the cyclically constructive, dollar bearish baseline narrative in light of ongoing volatility in US equities, industrial commodities and geopolitical ructions.</p> <p> </p> <p>This podcast was recorded on 20 February 2026. </p> <p>This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5208833-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. </p> <p>© 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or...
Global Commodities: Going Against the Grain on Oil
<p>Last week we visited the International Energy Week in London and found the market to be rather optimistic, making a bullish case for oil. Respectfully, we disagree. We reiterate our views on resilient Russian supply, discuss the limited Iran risk and point to the accumulation of inventories across the globe. </p> <p> </p> <p>Speaker: </p> <p>Natasha Kaneva, Head of Global Commodities Research</p> <p> </p> <p>This podcast was recorded on February 19, 2026.</p> <p> </p> <p>This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/conte...
Global Commodities: Are Commodities the Market’s Crystal Ball?
<p >Sharp selloffs in metals and elevated oil prices beg the question - is commodity volatility a harbinger of things to come, or merely a correction? While commodities remain supported by reflated growth and expansionary fiscal policy, other effects are also taking place. In this episode, we reiterate our view on metals and discuss the current sentiment in oil markets to help you understand what comes next.</p> <p> </p> <p>Speakers: </p> <p>Natasha Kaneva, Head of Global Commodities Research</p> <p>Greg Shearer, Head of Base & Precious Metals Research</p> <p> </p> <p>This podcast was recorded on Feb...
Global FX: How much is too much?
<p>Arindam Sandilya, James Nelligan and Patrick Locke discuss the FX outlook against the backdrop of US equity stress and underperformance of US stocks relative to the rest of the world.</p> <p>This podcast was recorded on 13 February 2026. </p> <p>This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5201480-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. </p> <p>© 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without t...
European Rates: Scandinavian rate outlook – a long winter hibernation
<p>In this podcast Francis Diamond and Frida Infante discuss the outlook for Sweden and Norway rate markets.</p> <p> </p> <p>This podcast was recorded on 13 February 2026. </p> <p>This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5204805-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. </p> <p>© 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to...
EM Fixed Income: Getting fully back on the EM horse
<p>Jonny Goulden, Anezka Christovova and Ben Ramsey discuss the latest market developments and their impacts for the EM fixed income asset class.</p> <p> </p> <p>This podcast was recorded on 13 February 2026. </p> <p>This communication is provided for information purposes only. please visit www.jpmm.com/research/disclosures for important disclosures. </p> <p>© 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research ma...
Global Rates: Analysing Eurex and US futures roll
<p>In this podcast Khagendra Gupta and Ipek Ozil discuss the drivers of US and Eurex futures roll and their outlook for Mar26/Jun26 bond futures rollover.</p> <p> </p> <p>Speakers: </p> <p>Ipek Ozil - Head of US Interest Rate Derivatives Strategy</p> <p>Khagendra Gupta - Head of European Interest Rate Derivatives Strategy</p> <p> </p> <p>This podcast was recorded on February 13, 2026.</p> <p>This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5201365-0 and https://www.jpmm.com/research/content/GPS-5203633-0...
Global FX: RBA, JP elections, euro/APAC rotation, dovish BoE, US data
<p>The FX team discusses a variety of topics: the euro bloc/ APAC FX rotation, RBA hawkish pivot, scenarios around upcoming JP elections, the dovish BoE surprise and recent US data.</p> <p> </p> <p>This podcast was recorded on 06 February 2026. </p> <p>This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5195273-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. </p> <p>© 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or re...
Global Commodities: Deconstructing the Metal Mania
<p>Metal mania returns. In this episode, Natasha Kaneva is joined by Greg Shearer, the Head of Base and Precious Metals at JPMorgan. We decompose the recent volatility by discussing retail investors, fundamental differences between gold and silver, as well as the role of these metals in portfolios.</p> <p> </p> <p>Speakers:</p> <p>Natasha Kaneva, Head of Global Commodities Research<br> Greg Shearer, Head of Base & Precious Metals Research<br> <br> </p> <p> </p> <p>This podcast was recorded on Feb 6, 2026.</p> <p>This communication is provided for information purposes only. Institutional clients can view the related report at...
European Rates: ECB and BoE February meetings, skinny carry in Euro area, increased UK political noise
<p>In this podcast Francis Diamond, Aditya Chordia and Khagendra Gupta discuss the ECB and BoE monetary policy meetings and implications for rate markets as well as the political noise this week in the UK.</p> <p> </p> <p>This podcast was recorded on 06 February 2026. </p> <p>This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5193724-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. </p> <p>© 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be...
