Forex Forecast
UBS Morning Adviser
US households cranking up the credit A steady stream of US data disappointments over the past 7 weeks has not been kind to the US dollar.
UBS Morning Adviser
Will G20/IMF Push for Coordination? In its latest pre-G20 staff report, the IMF called upon developed economies to
UBS Morning Adviser
GBP’s inflation role needs revisiting BoE policymaker David Miles’ warning on GBP earlier this week indeed proved prescient in the wake of the January CPI report.
UBS Morning Adviser
TSF figures losing relevance for Australia The RBA minutes overnight affirmed the effects of expansionary policy but warned the economy was below-trend.
UBS Morning Adviser
Case Builds For Further BoJ Easing Suddenly it all seems to be going wrong for USDJPY.
Commonwealth Bank: Major Currencies Forecasts
The following are Commonwealth Bank of Australia’s latest major currencies forecasts.
Australian Markets Weekly – Unemployment rises as economy stabilises
Unemployment rises to 6% as the economy shows signs of stability. NAB still expects the economy to grow by 3% this year and next, net exports being a major contributor. AUD has a mini recovery, the AUD/USD trading above 0.90.
UBS Morning Adviser
Policy validation stems from removing the price expectations driver Forward guidance was never going to be uniform across the distinct policy constructs of individual central banks,
UBS Morning Adviser
The times are changing For much of the past 3 years, it made sense to play the unfolding Australian macro story through the rates space.
UBS Morning Adviser
Liquidity Preference Immune to Guidance Tweaks (so far) The policy implications from the BoE’s inflation reports will dominate proceedings for short-dated interest rates,
UBS Morning Adviser
Sentiment stabilisation cannot mask secular changes Risk appetite is likely seeking for some consolidation heading into Fed Chair Yellen’s testimony on Tuesday.