Developed macro
1. Investors’ focus to remain on Eurozone sovereign and banking issues this week as only second-tier macro indicators are expected.
Interest rate strategy
1. The 10Y Bund trades at upper end of one-month yield range. Further upside traction limited unless positive news picks up
2. ECB announces bond purchases volume
FX strategy
1. EUR vulnerable to any disappointment on policy delivery.
2. A slow start to the week with a US holiday, which means the mood will be set by weekend developments and the legacy of a better NFP release.
3. USD acting as the anti-EUR, with the local focus on FOMC minutes and US retail sales later in the week.
Emerging markets
1. Asian FX and sovereign bonds to be supported by better risk appetite
2. BI and BoK to stay put on Tuesday and Thursday
3. Singapore: MAS to reduce the slope of its SGD NEER on Friday
Commodity markets
1. Gold has stabilised as physical buying defines a floor.
2. Base metals: Waiting for the Chinese to return.
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http://www.easyforexnews.net/wp-content/uploads/2011/10/WMT_2011-10-10.pdf
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