Forex Calendar

Weekly Report

Sterling traders adjust strategy after “no” victory The Scotland says “no” to independence, hence the 307-year-old union remains intact.

The market continues to digest this week’s events. Into today’s open the USD is strong,

The Hungarian forint continues to rally The Hungarian continued to strengthen yesterday in

As early results trickled in that the Scottish referendum favored a No vote, most Asian equity markets rallied.

Main focus will be the digestion of the Scottish referendum. The ‘No’ vote means wewill see some relief in the markets.

German bond yields ended the day higher yesterday despite low demand in the first TLTRO (see more below),

Markets are still digesting yesterday’s Fed release, with equities stronger, the US 10year at 2.61 and the USD mixed leading into the open.

EURUSD bounced off overnight lows to trade at 1.2867, AUDUSD similarly stabilized at 0.8966 while USDJPY is at 108.62.

The result of the first ECB TLTRO will be announced and we expect a fairly low takeof EUR97bn.

German bond yields ended yesterday lower, but US Treasury yields climbed after the Fed’s message.

Polish industrial output may surprise on the downside, … … which would further raise bets on interest rate cuts

Key focus will be tonight’s FOMC meeting. It seems increasingly likely that theFed will change its