Forex Forecast
UBS Morning Adviser
AUD: The Governor Speaks On Tuesday, RBA Governor Stevens is due to deliver his final public address before the next RBA policy decision.
Crossing the Rubicon
The Reserve Bank’s stance on monetary policy has come into line with our long-held views – all now agree that the housing and construction booms will provoke inflation.
Australian Markets Weekly
There are many ways to dissect the CPI data. In fact as one analyst said to me on Thursday, “…you could make those numbers support any story you like about inflation and the RBA”.
Next Week’s Data and Events
Nonfarm payrolls should post another solid increase in July (185K). Private payrolls should match our headline estimate,
UBS Morning Adviser
JPY: Policy Gaining Traction? Japan’s inflation rose sharply in June according to data released overnight.
UBS Morning Adviser
JPY: Time To Get Fiscal The ink is not yet dry on Sunday’s election result, but Japan’s government is already preparing to capitalise on the outcome.
UBS Morning Adviser
AUD: Critical CPI Data Ahead Australia’s quarterly inflation report is due on Wednesday, promising to inject some life into these convictionless holiday FX markets.
UBS Morning Adviser
JPY: More Weakness Ahead The ruling LDP-New Komeito coalition scored another emphatic political victory overnight
Australian Markets Weekly
It has been a topsy-turvy week for short end interest markets. Last Monday the market had a 68% chance of a rate cut in August priced in.
As low as it goes
The Consumer Price Index rose 0.2% in the June quarter, in line with our forecast but a touch below the market median and the RBNZ’s pick of 0.3%.
European Strategy and Trades
We summarise the main changes to the ECB collateral framework, which show a clear bias towards easing rules for ABS.
UBS Morning Adviser
Into Japan’s Elections The yen has been the main mover this morning in Asia. Earlier,