Forex Calendar
The Global Macro Pulse
The overnight rise in US yields has combined with pre-ECB and pre-payrolls positioning to give the dollar support. EURUSD dipped to 1.3759, USDJPY rose to 104.0,
FX Daily
Today’s main event will be the ECB meeting. The probability of immediate easingfrom the ECB has declined as indicated by statements from vice presidentConstancio that “the low figure of inflation in
FI Eye-Opener: Inaction to lead to some action
Bond yields continued to climb yesterday on both sides of the Atlantic, as hopes grew that the US labour market recovery would be picking up again. Curves bear-steepened, while the 10-year spread between
UBS Morning Adviser
Does anyone want to win the balance sheet stakes? President Draghi can expect the usual questioning monetary conditions on Thursday.
Daily FX Update
The S&P rallying to record high’s yesterday reflects encouraging risk sentiment; the reaction in FX has been more muted with a rally in NOK and a collapse in NZD the only noteworthy developments;
Central European Daily
CEE currencies marginally eased yesterday after a slightly worse than expected PMI had been released. However, PMI remained above 50, indicating ongoing economic recovery.
The Global Macro Pulse
The rise in US yields has helped to pull AUDUSD down to 0.9237 and push USDJPY up to 103.85. However, EURUSD has risen to 1.3803 ahead of today’s ECB meeting.
UBS Morning Adviser
Corporate Inflation Expectations Elevated Surprisingly, Japanese corporates attach some credibility to
FX Daily
We have a light calendar in terms of data releases and markets could be in wait-andseemode ahead of the ECB meeting tomorrow and the US job report on Friday.
FI Eye-Opener: Improving ADP to add pressure on bonds
Bond yields rose on both sides of the Atlantic yesterday, but more so in the US than in Europe, while the US curve continued to steepen. The US 10-year yield is approaching the upper end
Daily FX Update
Markets are adding to risk as Asian and European data suggest that global growth trends are improving, albeit slowly. The USD is mixed; with softness in those currencies who had disappointing domestic events
US Morning Update
Judging by the G10 ranges during the London morning, turnover has probably been quite low ahead of more important data and events as the week moves forward from here.