Forex Calendar

Markets Outlook: Inflation In Absentia

With the Q3 CPI due for release on Thursday we have taken the opportunity to have another look at our medium term inflation forecasts.

Global inflation modest – the US inflation rate is low and Eurozone at risk of deflation.

Over the past few weeks financial markets have been jitteryand volatile.

In the week ahead, China and the U.K. and to release preliminary data on third quarter economic growth,

Relief after yesterday’s strong data, commitment from some Fed members to

G10 FX is little changed. EURUSD is sideways at 1.280 and USDJPY is essentially flat at 106.38.

Fundamentals are taking a bit of a backseat in the market and

German bonds performed again early yesterday, and the 10-year yield hit a new low at just below 0.72%.

Markets are still firmly in risk aversion mode, as the US 10‐year remains at 2.01% and equities are weak.

Zloty and forint fall as sharp sell-off hits equity markets Polish inflation slightly above forecast

EURUSD rose slightly to 1.2825, and USDJPY and AUDUSD are steady at 106.09 and

When I wrote about near-term yield targets for German and US yields on Tuesday,