Correlation between EURUSD and EURGBP back to normal

Equity indices are still making new highs, cheering the low level of Treasury yields (and the implied low level of terminal Fed Funds) while paying...

Morgan Stanley Trade of the week

Morgan Stanley is closing EUR shorts. Despite the universally strong reading of the US February labour market report, the USD came under broad selling...

Societe Generale: An excess of Euro longs?

CFTC data show another jump to a new multi-year high in long Euro positions on the IMM, trumping Friday’s jobs data. It's hard to...

Deutsche Bank Trade Idea of the week

Rates pricing for the RBA remains too hawkish, in our view, with 40bps of tightening baked into the curve for next year. Our economists expect...

Deutsche Bank view on USDJPY

Recent days have seen a renewed concentration of positive news. Fed Chair Janet Yellen's recent hawkish comments made market participants refocus on the strength...

Unicredit: Post-FOMC, pre-BoE trading

The USD crumbled across the board yesterday. Our interpretation of the market response to the Fed hike and communication is that investors believe that...

JPY acting out

The JPY has not been behaving itself this year, decoupling from its famous relationship with US yields. US 10Y nominal yields and the US-Japan...

Deutsche Bank: Preview of BoJ meeting

We expect the BoJ to maintain its current monetary policy following meetings today and tomorrow. Our economist pointed out the lack of a need...

Nomura US data preview

Nomura analysts publish their view on today's US macroeconomic data. What should we expect from ADP employment report and ISM npn-manufacturing PMI?  ADP employment report:...

Inflation down under

Here come the inflation numbers – New Zealand tomorrow, then Australia next Wednesday. These are especially big events in the Antipodes, given both countries...

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