Forex Forecast
UBS Morning Adviser
Summer Precautions Necessary If the UBS FX Flow Report’s volume figures for last week are anything to go by, most investors have left for the summer.
The Tightening
• Strongest QSBO confidence since 1999? • We expect June’s electronic transactions soared 1.7%
UBS Morning Adviser
BoJ Easing Bears Fruit Japan’s reflationary policies are starting to boost consumer inflation expectations and lending activity. That’s the message from two reports published overnight¹ and
Australian Markets Weekly
As almost universally expected this past week, the RBA left rates on hold this week, retaining an easing bias.
Catering to the US and China consumer
Global factors – the direction of the UST and trend dollar strength – should continue to drive the level of EM asset prices in the coming weeks.
UBS Morning Adviser
Guidance Galore When queried, Mario Draghi said that the launch of more explicit forward guidance by the ECB and BoE within 90 minutes of each other was a coincidence.
UBS Morning Adviser
JPY: Home Bias Still Strong Japanese investors were net sellers of foreign bonds again last week. That’s seven weeks in a row now.
UBS Morning Adviser
Nordic Tag-Team in Play The Federal Reserve aside, most central banks in G10 were general cautious in June, none more so than Norges Bank.
Everyone agrees the Riksbank will leave policy unchanged
On Wednesday the Riksbank announces its rate decision – the first to include the two new board members Skingsley and Flodén.
UBS Morning Adviser
The Missing Reserve Billions Friday’s long-awaited IMF announcement revealed for the first time that 3.2% of reserve manager FX portfolios are held in either Australian or Canadian dollars.
Focus Germany
Does Germany’s special situation pose a risk to the euro? The findings of the latest Pew Research Center survey paint an impressive picture of the economic divergences within the euro area.
UBS Morning Adviser
What the COFER Data Means On Friday the IMF released its Q1 2013 update for the composition of foreign exchange reserves (COFER),