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...
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 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: 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...
Deutsche Bank is selling EURGBP
A BoE hike in November is now close to fully priced, but the bar for the MPC not to hike is very high as...
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...
USD/JPY: Range term in near term, higher in medium term
We remain bullish that the USD/JPY will rise to over-115 in the medium term. This week we continue to focus on news indicating the...
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...
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...
Deutsche Bank’s macro strategy
Failed healthcare bill hasn't destroyed markets so far this week with the S&P 500 (+0.73% yesterday) now back at the highest level for just...