Forex Calendar
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Up this week The hawkish surprise from the RBNZ should resound with markets for the next few weeks at least.
Markets Outlook – Optimism Gets Real
Post a solid increase in Q1 GDP, abatement certainly seems to be the more recent theme in the local data. However, for the most part this appears mostly a case of optimism getting real.
Weekly Commentary
Last week the Reserve Bank increased the OCR for a thirdconsecutive time to 3.25%, and delivered much the sameguidance on future interest rates as it did in its MarchMonetary Policy Statement (MPS).
The Week Ahead in FX
In the week ahead, investors will be focusing on the outcome of Wednesday’s Federal Reserve policy meeting, while Monday’s preliminary report on euro zone inflation will also be closely watched.
Weekly Economic & Financial Commentary
U.S. Review Mixed Results from Economic Data Releases This Week • Retail sales increased a lower-than-expected 0.3 percent in May,
Daily FX Update
Developments in Iraq drive a hint of risk aversion; but not enough to swap markets. Into the NA open FX markets are active with EUR sinking,
UBS Morning Adviser
ECB has no FX target but prior policy drivers are having less of an effect The ECB will be the first to remind FX markets that irrespective of how they view the exchange rate’s impact on
FI Eye-Opener: China with a positive surprise for a change
Core bond yields tried higher again early yesterday, but in the afternoon weak US retail sales (see more below) gave bonds a boost again.
FX Daily
Today’s data calendar is relatively light with focus likely to stay on US data. In linewith consensus expectations,
Daily FX Update
Volatility remains low, markets are generally quiet even as there is building focus on oil prices (WTI has rallied up to $106 and Brent up to $112) on the back of security concerns in Iraq.
Central European Daily
Hungarian inflation data weighed on forint CNB signals later exit from intervention regime Negative Hungarian inflation fuelled speculations that the NBH would deliver one more base rate cut.
UBS Morning Adviser
BoK holds as widely expected, outlook and statement largely carried over As unanimously predicted by forecasters, the Bank of Korea (BoK) held policy rates at 2.50%.