Alex Waters

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Alex Waters is a macroeconomist and market strategist based in Tokyo, covering developed markets across the world. He previously worked for and currently advises Capital Generation Partners’ investment team and Asset Allocation Committee on global macroeconomic trends. Previously he worked for Roubini Global Economics (RGE) as a senior economist - covering G10 economies - and as the leader of the Quantitative Macroeconomics team. Prior to joining RGE, Alex was a quantitative and policy economist for the Commonwealth Secretariat's Debt Management Team. 


Alex holds a Ph.D in economics, an MSc in economic and econometrics, and a BSc in financial economics and econometrics, all of which were obtained from the University of Kent. He has published several, widely cited, academic articles, analysing the interaction between the yield curve and the macroeconomy during the UK's first experience with Quantitative Easing.

RECENT RESEARCH PAPERS

Bank of Canada Preview: On Hold, For Now

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by Alex Waters and Brunello Rosa

19 April 2019

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March - APril 2019

Bank of Japan Preview: BoJ In Wait-And-See Mode as Global Headwinds May Fade

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by Alex Waters and Nouriel Roubini

19 April 2019

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MACRO PICTURE - EU-US Auto Trade Dispute: Negotiations Before A War

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by A.Waters, Brunello Rosa, Nouriel Roubini

2 April 2019

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Review: RBNZ Prepares For a Rate Cut (And Puts Pressure On RBA To Shift Risk Balance)

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by Alex Waters and Brunello Rosa

28 March 2019

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Review: Hawkish Norges Bank Raises Rates and Signals Another Hike Within Six Months

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by Brunello Rosa and Alex Waters

21 March 2019

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MONETARY AFFAIRS: Fed Review Fed Delivers Another Dovish Surprise

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by Brunello Rosa and Alex Waters

20 March 2019

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Preview: Norges Bank To Hike In March and Signal Another Hike in 2019

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by Alex Waters

15 March 2019

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February - March 2019

Fed Preview: Extended Pause Highly Likely and Treasuries Runoff to End This Year

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by N. Roubini, Brunello Rosa, Alex Waters 

14 March 2019

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POLICY COMPASS - Japan: A General Election In July Is A Risk in A Politically Hectic 2019

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by Alex Waters

12 March 2019

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MACRO PICTURE: Venezuela’s Complicated Transition

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by Lapo Fioretti, Brunello Rosa 

and Alex Waters 

7 March 2019

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Reviewing DNB’s Reaction Function To Defend The Currency Peg

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by Alex Waters and Brunello Rosa

5 March 2019

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MONETARY AFFAIRS - CENTRAL BANK PREVIEW: BOC Likely To Pause For Longer

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by Alex Waters, Joseph Shupac Brunello Rosa 

4 March 2019

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SNB: Rising Global and Domestic Risks To Fight With Little Policy Ammunition

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by Alex Water and Brunello Rosa

20 February 2019

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January - February 2019

RBA Jumps on The Dovish Bandwagon, While RBNZ Still Sits On The Fence

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by Alex Waters

19 february 2019

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Fed Preview: Opening The Door To A Pause In The Hiking Cycle

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by Alex Waters 

and Brunello Rosa

25 January 2019

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Review: BoJ Lowers Inflation Projections and Remains On Auto-Pilot

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by Alex Waters

23 January 2019

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Norges Bank Preview: Waiting For March to Hike

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Photo: Esten Borgos (from Norges Bank’s website) 

by Alex Waters

18 January 2019

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BoJ PREVIEW: A Stronger Yen May Cause Some Discomfort

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by Alex Waters


17 January 2019

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Review: BOC Remains On Hold, With Hawkish Undertones

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by Brunello Rosa, 

Alex Waters, J. Shupac 


9 January 2019

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December 2018

PREVIEW: BoC Likely to Remain On Hold, While Sounding Upbeat

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by Alex Waters and Joseph Shupac

7 January 2019

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MONETARY AFFAIRS - Review: Riksbank Hikes its Policy Rate by 25bps

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by Brunello Rosa  and Alex Waters 

20 December 2018

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MONETARY AFFAIRS - Review: Fed Reduces Expected Number of Rate Hikes in 2019

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by Brunello Rosa and Alex Waters 

19 December 2018

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MONETARY AFFAIRS -PREVIEW: Fed to Signal Slower Pace of Policy Normalization

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by Brunello Rosa, Alex Waters 

and Nouriel Roubini

17 December 2018

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MONETARY AFFAIRS - PREVIEW - Riksbank Likely To Wait Longer Before Lift-Off

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by Brunello Rosa and Alex Waters

14 December 2018

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MARKET VIEWS - Markets Buffeted By Tailwinds and Headwinds At Year-End

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by Alex Waters

7 December 2019

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