Forex Calendar
FI Eye-Opener: ECB rates to remain close to zero for an extremely long period
The huge bond rally continued in the Euro zone on Friday. The German 10-year yield plummeted by another 5bp,
FX Daily
Today’s data calendar is rather thin. The only releases due in Europe are the SentixInvestor Confidence survey and Spanish house price index.
RBNZ Unlikely To Erase Its July Hike View
We remain of the view the Reserve Bank will stay on the tightening path it indicated at the time of its March Monetary Policy Statement (MPS) and which it did nothing to deny at its April announcement.
Weekly Commentary
Last week’s soft dairy auction result, and a monster Marchquarter for the construction industry, add to the pluses andminuses that RBNZ Governor Wheeler will be
The Week Ahead in FX
In the week ahead, investors will be looking ahead to Thursday’s U.S. retail sales report for further indications on the strength of the U.S. recovery.
Weekly Economic & Financial Commentary
U.S. Review No Spring Swoon Going into June • Payrolls added 217,000 workers in May, recouping all of the jobs lost during the recession, while the unemployment rate remained at 6.3 percent.
Daily FX Update
Leading into nonfarm payrolls the market’s attention is firmly on EUR and its resilience to downside pressure. The U.S. 10‐year is trading at 2.57; while equities are vaguely firmer and the USD is mixed.
Central European Daily
Measured reaction to the ECB decision The Czech industry posts another excellent result Like the core markets, also the Central European markets have been digesting yesterday´s decision of the ECB.
The Global Macro Pulse
EM Asia FX was the main mover today, led by a surprise 85pip fall in the USDCNY fix to 6.1623, its lowest level in over two weeks.
UBS Morning Adviser
Does recent China manufacturing PMI suggest the mini-stimulus is working? This past Tuesday’s release of final May HSBC Manufacturing PMI reached a 4-month high.
FI Eye-Opener: ECB delivers, will payrolls?
The ECB delivered its easing package yesterday (see more below), and the initial market reaction was higher long yields, a steeper curve, a rally in peripheral bonds and a weaker euro.
FX Daily
The US job report will be the main focus today. We expect an increase in non-farmpayrolls of 250,000 but see risk of a pay-back from the extra strong April figure.