Forex Forecast
UBS Morning Adviser
Europe’s PMIs China’s HSBC PMI data came out weaker this morning in Asia, falling from 51.5 to 50.5. Coupled with USDJPY slipping back below 99, stock markets have fallen across the region.
UBS Morning Adviser
A Japanese Giant To Watch USDJPY is testing 100 this morning in Asia after the G20 meetings resulted in little criticism of Tokyo’s policies.
UBS Morning Adviser
CBs Sounding Deflation Alarm? St. Louis Fed President James Bullard’s warning that the Fed may buy more bonds if ‘inflation continues to go down’ on Tuesday is a warning signal for markets rattled by the decline in
UBS Morning Adviser
Japan Locals In No Hurry Japanese investors were net sellers of foreign bonds again last week, according to official ‘hard data’ released overnight (Chart 1).
UBS Morning Adviser
Nervy Loonie As BoC Meets The Bank of Canada decision on Wednesday could prove to be one of the most decisive for the currency in recent memory.
UBS Morning Adviser
Should FX Worry About Gold? The sharp moves in gold markets in the last few trading sessions are starting to spill over into FX. The market is presently at a loss over the exact drivers,
UBS Morning Adviser
Yen Bears Should Look To May 10th Some market participants have expressed surprise that Japanese investors were net sellers of foreign assets in early April.
UBS Morning Adviser
Diversification Deluge? Figures from the State Administration of Foreign Exchange released on Thursday showed Q1 FX reserves in China increased by $128.4bn.
UBS Morning Adviser
NZ House Prices Booming New Zealand house prices rose 2.4% in March (+10.9% y/y) – the fastest monthly increase in six years. Finance Minister English said that if the boom continues, interest rates may have to rise.
UBS Morning Adviser
FOMC Minutes Due The Australian dollar has seen some additional buying pressure over the past few days as investors anticipate outbound portfolio flows from Japan in the wake of the Bank of Japan’s policy decision.
UBS Morning Adviser
Japan Officials Not Alarmed Japan’s Finance Minister Aso said that the yen is still in the process of correcting. To us, this signals the government is not troubled by the latest wave of yen selling which took USDJPY to
UBS Morning Adviser
BoJ Commences JGB Buying The Bank of Japan started to implement last week’s policy decision overnight, offering to buy JGBs through the same standardised auction procedure it has used many times before.