Forex Calendar

Central European Daily

The NBH is changing its main monetary-policy instrument The NBH Monetary Council has decided to make changes in the Bank’s monetary policy instruments, which will result in the following actions:

The Global Macro Pulse

AUDUSD and USDJPY are flat at 0.9269 and 102.37 respectively while EURUSD moved slightly higher to 1.3832. Most EM Asia currencies weakened against the dollar at the open,

PBOC will remain active in China rates market, but volatility will persist As financial reform in China continues, the People’s Bank of China (PBOC) faces the challenging task of a smooth transition in interbank and FX markets.

FI Eye-Opener: Spanish economy rising from the ashes

German yields edged modestly higher yesterday, but US yields continued to fall. The US 10-year yield has descended for four days in a row, though the moves have been quite moderate and

FX Daily

Today’s calendar is fairly light in terms of data releases. In the US University ofMichigan consumer confidence for April is due for release. We expect it to havedeclined to 78.5 from 80.0 in March,

Daily FX Update

Markets are adding to risk positions into the NA open as earnings continue to suggest that global growth is improving (Caterpillar raising outlook, GE, Facebook & Apple beat, etc).

Central European Daily

CEE markets stay calm despite tensions in Ukraine … … demand at bond auctions exceeds expectations CEE currencies showed yesterday that contagion from Ukraine has not

The Global Macro Pulse

The dollar is generally flat except against the NZD which rallied following the RBNZ statement. NZDUSD rallied to a high of 0.8637 following the statement,

UBS Morning Adviser

Focus Sharpens on Portfolio Flows Foreign investors were net buyers of Japanese stocks last week,

FX Daily

German IFO expectations are due for release and we expect a decline for a thirdconsecutive month although the level is set to remain high.

FI Eye-Opener: Dovish Draghi to deliver more soft words

Bonds mostly gained yesterday on both sides of the Atlantic, but the move lower in both the US and German 10-year yields was only about 1bp.

Daily FX Update

Australia’s softer inflation data, the euro area’s bal-ance of stronger preliminary PMI’s and concerns over a failed Russian bond auction have driven movement in AUD (weakness),