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...

Rabobank on the BoE and GBP

In September, GBP was the best performing G10 currency on the back of the step up in hawkish commentary from the BoE. In our...

BNP Paribas: Bearish USD sentiment at six year extreme ahead of NFPs

Bearish sentiment towards the USD is at a six-year extreme, according to BNP Paribas FX Positioning Analysis. We expect Friday’s July nonfarm payroll data to show...

HSBC: ECB Tomorrow. What to expect?

Since the 2013/2015 US taper seems like a pretty good analog to the ECB story, the chart below is a reminder of the time...

Deutsche Bank: Trading payrolls

There is a widely held belief that the market is apt to dismiss a weak US employment report as hurricane distorted, while responding more...

HSBC on RBA decision. The next move is set to be up

The RBA held its cash rate steady at 1.50%, which was no surprise. However, for some, the neutral tone of the post-meeting statement, which...

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...

ING: Window of opportunity on EUR

The spotlight today is on the release of the Sep ECB minutes (1330 CET). While historically these post-meeting minutes have had a pretty muted...

Changing view on sterling: early elections a game-changer

This morning's announcement from PM May of a snap general election on the 8th June is in our view a game-changer for both the...

GBP: Neither strong nor stable

Cable’s rally in the wake of last month’s decision to call a snap election is rational. The 8 June vote removes the prospect of...

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