Forex Calendar

Weekly Commentary

Recent developments have allayed some of our concernsthat the private sector would respond to the economicupswing by going on an unproductive spending spree.

In the week ahead, investors will be looking to the minutes from the Federal Reserve’s latest monetary policy meeting, due for release on Wednesday, for insight on the central bank’s view of the economy.

Weekly Economic & Financial Commentary

U.S. Review Mixed Data Unlikely to Change Fed’s Outlook • Although some indicators, such as retail sales and industrial production,

Central European Daily

The HUF is still more sensitive Thanks to the strong GDP figure (published yesterday) EUR/HUF touched its 200-day moving average (302.5),

The Global Macro Pulse

Asian shares fell, with the Nikkei down 1.7% on the day. HSI dropped 0.7%, the Kospi fell 0.6% and ASEAN markets were 0.1% to 0.6% lower. S&P futures were marginally lower following the sharp correction overnight.

FX Daily

Today’s data calendar is rather thin. In the US, the main focus will be on the releaseof housing starts and building permits for May as well as the release of theUniversity of Michigan confidence indicator.

UBS Morning Adviser

Watch Japan Post too Yen bears have focused their attention on the diversification plans of Japan’s GPIF,

FI Eye-Opener: Spreads explode as growth disappoints

Markets did not stabilize yesterday, not even close, but the huge rally in core bonds only picked up steam. Curves bull-flattened further, and flight-to-safety was the name of the game.

The Global Macro Pulse

USDJPY fell to a low of 101.66 on the day, but has since stabilized at 101.84. EUR has climbed higher, to 1.372. AUDNZD inched lower, to 1.081, as AUD fell slightly,

UBS Morning Adviser

Treasury move perplexing but FX impact limited, for now Many investors have been expressing confusion and concern regarding price action in Treasurys in recent sessions.

FX Daily

We forecast a growth rate of 0.4% in the euro area in Q1. If this proves right, it willbe the fourth consecutive quarter of positive growth and the strongest quarterlygrowth rate in three years.

FI Eye-Opener: Another bull run

Bonds continued to rally hard yesterday on both sides of the Atlantic, while curves bull-flattened further. The German 10-year yield plunged by a further 5bp to around 1.37%,