Forex Calendar

Central European Daily

Governor Belka signals further rate cut Hungary cut 3-month Treasury bill auction Central European currencies were little changed on Tuesday.

Main release will be US CPI for September. Inflation has been subdued in the pastmonths with monthly changes in core CPI being low.

German bonds recorded some gains early yesterday, but the market mood changed later on the back of a report suggesting the ECB

Markets are nervous but on stronger footings. Leading into the NA session equities are firmer, the U.S. 10‐year is at 2.2%,

In FX, AUD leaped above 0.88 and EUR rebounded to 1.280 post the China data.

Another quiet day on the data front. Only number of interest will be US existing homesales, which is expected to have stabilised over the summer.

German bond yields ended the day slightly lower yesterday, but above their intra-day lows.

Entering the NA session markets appear nervous, equities are pointing to a negative open,

The CE currencies gained as sentiment improved Polish industrial production surprised positively

The USD weakened slightly against majors, with the exception of USDJPY, which rallied to 107.4.

Core bond yields continued to rebound on Friday, and curves saw some bear-steepening.

NZD/USD Outlook: Up this week Near term momentum has flipped to positive,