Forex Calendar
Daily FX Update
Markets continue to react to yesterday’s FOMC meeting with a strong USD, soft equities and the US 10‐year yield up to2.78%. The pulling forward of interest rate hike expectations to
The Global Macro Pulse
The more hawkish than expected FOMC has led equities to sell off across the board in Asia. Although the Nikkei opened up, it is down about 1.5% at the time of writing.
UBS Morning Adviser
Has liquidity preference in the CHF peaked? The SNB is expected to continue anchoring its policy firmly beyond today’s meeting,
FX Daily
The US Philadelphia Fed survey is expected to rebound in March following the sharpdrop in February. The number will give further input to how much activity is comingback and
FI Eye-Opener: Yellen hits the bond market
Bonds took a beating yesterday in the aftermath of the Fed (see more below), while also equities felt pressure. The US 10-year yield ended the day higher by around 10bp,
Daily FX Update
Markets are relatively stable leading into today’s FOMC decision. The USD is broadly but immaterially stronger; equities are flat, the US 10‐year is stable at 2.67% and oil prices continue to hoverjust below $100.
Central European Daily
CE assets continue rose as Putin said he did not target other regions in Ukraine Hungary to sell US dollar government bonds While the Czech koruna weakened and returned above EUR/CZK 27.40,
The Global Macro Pulse
The USD strengthened modestly with EURUSD edging lower to 1.392 and USDJPY rebounding to 101.55. AUD has eased slightly to 0.912.
FI Eye-Opener: Greece is coming
Bond yields ended yesterday mostly lower despite gains in equity markets, though the moves were once again rather limited. Intra-Euro-zone spreads mostly narrowed, though Finnish bonds saw some pressure.
UBS Morning Adviser
USDCNY trades 1% above official fixing for first time CNH and onshore CNY continued to weaken against USD as investors remained cautious about stops and potential unwinds of structured USDCNY shorts.
FX Daily
The key event today will be the Fed announcement and new projections at 19:00followed by Janet Yellen’s debut as host of the press conference at 19:30.
Daily FX Update
The market continues to digest developments in Ukraine and the international reaction, including US and European sanctions. Entering tomorrows FOMC meeting,