Forex Forecast
UBS Morning Adviser
On Yen, Stocks, Chickens and Eggs Japanese equities continue to trade nervously after yesterday’s -7.3% plunge on record volumes. At the time of writing, the Nikkei-225 is down another -1.7% and
UBS Morning Adviser
Looking For the Unwinds There are many reasons behind the dollar’s recent rally but amid all the emphasis on policy changes, positioning perhaps is somewhat underappreciated.
UBS Morning Adviser
SNB Dilemma, IMF Solution The IMF’s annual report for Switzerland is important for the franc. The IMF makes two key points.
New financial forecasts
Major Forecast Changes FX: With Fed appearing somewhat more inclined towards QE-tapering than previously signaled, and FX markets starting to front runt this,
UBS Morning Adviser
Oil & Inflation Today the UK releases April’s inflation data. As Chart 1 shows the consumer price index is rising by 2.8%y/y – above the Bank of England’s 2% target.
UBS Morning Adviser
No Dollar Beta-Shift (Yet) The dollar has strengthened of late without disrupting general risk appetite. Prospects of fundamental changes in the Fed’s policy prospects have played a key role,
UBS Morning Adviser
FX Should Heed JGB Theatrics It is now six weeks since BoJ Governor Kuroda announced a new program of monetary easing, and still the JGB market remains unsettled.
UBS Morning Adviser
Australia’s Crucial Capex Survey Sentiment has become bearish on the Australian dollar. According to UBS FX Flows, selling by asset managers last week was the second largest on record.
UBS Morning Adviser
Swiss Franc, The Big Long At Risk The Swiss franc has been a major beneficiary of safe-haven flows since 2007. As UBS data below shows, investors across all major segments remain short EURCHF and
UBS Morning Adviser
Timing the UK Trade BoE Governor Mervyn King delivers his final Inflation Report this week and he would be relieved that data is finally stabilising.
UBS Morning Adviser
No Floor For AUDNZD RBNZ Governor Wheeler confirmed last week that the central bank has intervened by selling New Zealand dollars.
UBS Morning Adviser
FX To Follow Equity Trail Many investors have lamented in recent weeks that the easy gains in FX have already been made. Although USDJPY has now broken through 100,