Forex Calendar

FX Daily

A light data calendar today. The only notable release is the second revision of US Q3GDP.

Bonds rallied and equities took a beating yesterday on the back of geopolitical concerns, while curves bull-flattened.

The U.S. 10‐year is lower, back down to 2.55% and equities are flat but the USD is moving rapidly higher,

We remain bullish on the USD over the next few weeks and favor expressing this view via long USDJPY positioning.

In the euro area the main event today will be the release of money supply M3and credit data for August.

German yields ended the day marginally lower yesterday, but US yields jumped on the back

Limited movement among most of the G10 curren-cies points to an ongoing assessment of the outlook for global growth and relative monetary policy,

MNB left interest rates unchanged NBP’s Belka reiterates that rate cut in October is likely

EURUSD traded flat at 1.2857, USDJPY softened to 108.6 and AUDUSD rose slightly to 0.8863 from its overnight low.

German bonds initially continued in a rallying mode yesterday, but gave up the earlier gains later.

The USD is weak as we approach the NA session, with early EUR gains driven by improved French confidence data,

The forint eases on S&P decision to leave rating intact MNB unlikely to change rates The Hungarian forint bounced back from 8-week highs on