Tag Archives: ECB
FX Shifts: Blink and You’ll Miss It
In G10 space, the dollar has had a mixed year so far. The euro seems trapped ina 1.35-1.38 range and is almost unchanged on the year.
The Global Macro Pulse
EUR has declined slightly to 1.372 ahead of today’s ECB meeting while a strong retail sales report spurred the AUD to rally to 0.901. EM Asia FX continued to strengthen with the exception of the THB which fell 0.1%.
FI Eye-Opener: Not again, ECB
After the substantial moves on Tuesday markets had a calmer tone yesterday. The situation in Ukraine is tried to be solved with negotiations, which would leave space for the markets to look for new drivers.
US Morning Update
We observed very tight ranges in most currency pairs during the London morning. There was not enough direction coming from Ukraine or Black Sea news,
Ukraine tensions ease pave way for service PMI focus before ECB
Risk appetite has continued its recovery overnight after Ukraine-Russia tensions eased somewhat yesterday.
FI EYE-OPENER: Buy. Options. Now.
The situation in the Ukraine got a bit calmer yesterday on the back of Putin’s press conference where he said he saw no immediate need to invade eastern Ukraine.
FI Eye-Opener: yields clearly lower
Risks related to an escalating conflict in Ukraine took sovereign bond yields clearly lower. Numbers out yesterday surprised on the upside – ISM, French PMI.
FX Daily
The main release today will be the US ISM manufacturing index for February, wherewe look for a slight rebound to 52.3 following the sharp drop in January to 51.3.
FI Eye-Opener: Take cover
German Bund yield drifted higher to 1.63% after testing its lowest level since July on Thursday. In addition to a technical correction higher after the big drop,
Forex Weekly Report
Low inflation is likely to persist longer Recently, the renewed optimism stemming from the burgeoning recovery in the Eurozone and
FX Daily
Euro inflation will likely drop to a new cycle low of 0.6% in February, whichadds pressure on the ECB ahead of the meeting next week.