Forex Calendar
FX Daily
We have a very light data calendar with only secondary data releases scheduled. InEurope both the UK and Italy will release industrial production for March.
FI Eye-Opener: Say hello to negative rates
The dovish message delivered by Mr Draghi pushed down rates in the Euro area. The German 10-year Bund yield edged lower to 1.45%. Short rates came down substantially.
Daily FX Update
A fresh wave of USD weakness, an easing in Russian geopolitical risk, the BoE and ECB leave rates on hold and Chair Yellen warns on housing.
The Global Macro Pulse
In FX, AUD was the big mover in early trading, rallying 0.4% to 0.937 on the back of good employment data and stronger-than-expected China trade. EUR found support around 1.3906 and
UBS Morning Adviser
Rhetoric becomes fashionable Like the euro, the New Zealand dollar has been propelled higher over the past year.
FX Daily
We expect today’s ECB meeting to be another wait-and-see one without any neweasing measures. MarioDraghi is expected to continue to sound very dovish as inflation in April again wasbelow ECB’s expectations,
FI Eye-Opener: What would Draghi do?
Long bond yields moved cautiously with all eyes already on the ECB meeting. German 10-year Bund yield ended slightly higher after trying unsuccessfully to break over 1.5 % level.
Daily FX Update
A lack of follow through of yesterday’s USD weakness is a warning but the downward trend remains strong. Event risk today is centered on Chair Yellen,
Central European Daily
Forex and fixed-income markets in Central Europe remained calm yesterdaydespite ongoing deadly clashes in eastern Ukraine.
The Global Macro Pulse
The USD has rebounded somewhat after the sharp sell-off overnight. NZD was the main contributor, down 0.8% to 0.869 following the RBNZ jawboning effort.
UBS Morning Adviser
Market expects BSP to tighten policy at tomorrow’s meeting Bangko Sentral ng Pilipinas (BSP) will hold its May policy meeting tomorrow and
FX Daily
We expect German factory orders to send another signal of solid GDP growth in Q1,as we forecast an increase of 0.4% m/m in March after it rose 0.6% m/m in February.