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 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...
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...
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...
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...
Lloyds Bank on GBP/USD
This weekend’s G7 summit in Italy saw German Chancellor Angela Merkel deliver the stark message that reliable relationships developed since World War II “are...
