Tag Archives: ECB
FX Daily
Market movers today Today’s ECB meeting will be interesting although a rate cut seems unlikely.
August is the time to re-build USD longs
Our positive dollar view has been driven by two factors over the course of the year. First, the re-pricing of the Fed.
FX Daily Strategist: Europe
Weaker economic news and dovish RBA policy rhetoric weigh on AUD Overnight economic and policy news weighed on risk sentiment as RBA governor Stevens prepared the ground for a potential rate cut:
Europe – A very quiet start to the week
The week started quietly with little of note to report. Markets were quiet accordingly. However, overnight central bank news-flow has started in earnest with immediate market impact.
UBS Morning Adviser
The Franc’s Real Erosion This week’s KOF leading indicator will likely reinforce the relatively robust outlook on the Swiss economy.
FX Daily Strategist: Europe
GBP: Wait for next week’s Inflation Report for key MPC news This Thursday’s BoE meeting is likely to be a balanced affair as BNP Paribas economics is expecting little change to the policy stance.
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.
Next Week’s Data and Events
Nonfarm payrolls should post another solid increase in July (185K). Private payrolls should match our headline estimate,
FX Daily Strategist: Europe
Japan’s CPI report hints at path from deflation Japan’s June core CPI rose 0.4% y/y, the first positive reading in 14 months.
Macro Tactics
Markets have enjoyed a brief respite from volatility this week, but next week has the potential to change the balance with the
Euro‑zone economy is emerging from recession…
The Eurozone flash composite PMI jumped a greater than expected 1.7 points to 50.4 in July.