Mar 12, 2015 18:44 pm UTC| Commentary
The fast falling euro finally caught a break as it bounced above fresh dozen year lows under $1.05. The euros months long slide gathered pace this week after the ECB hit the start button on its gigantic bond buying...
10/30Y Bund spread has still some room to go
Mar 12, 2015 18:34 pm UTC| Commentary
Over the last few days, the extra-long end of EGB curves has benefited massively of QE flows, with the extra-long of the EGB curves flattening sharply.The 10/30Y Bund spread has flattened massively. The 10/30Y Bund is...

Stronger dollar should continue to keep US import prices down in the near term
Mar 12, 2015 18:10 pm UTC| Commentary
US imported inflation rose after seven consecutive declines, following a rebound in energy prices. Import prices increased 0.4% m/m (-9.4% y/y) in January, below our forecast (0.6% m/m) but above consensus (0.2% m/m)...
UK imports will likely grow at a faster rate than exports this year
Mar 12, 2015 17:46 pm UTC| Commentary
UK overall trade deficit narrowed from 2.1bn in December to 0.6bn in January. (Data released on Thursday.)About one third of this narrowing reflected an improvement in the trade in oil deficit on the back of the recent...
RBNZ to cut cash rate to 3.0% by the end of the year
Mar 12, 2015 17:39 pm UTC| Commentary
RBNZs decsion to leave its official cash rate unchanged at 3.5% came as no surprise.The c.bank revised up its forecast for GDP growth in the twelve months from April 2015 to March 2016, from the 3.4% figure published in...
Central Bank of Russia may cut its policy rate by 100bp
Mar 12, 2015 17:29 pm UTC| Commentary
After the EM currency sell-off, the ruble has recovered some of its losses and is up against the US dollar over the past month.This could likely to be the deciding factor behind the CBRs decision.Capital Economics notes in...
Mar 12, 2015 17:00 pm UTC| Commentary
Correlations with data and fundamentals suggest that EUR/USD may have overshot. However, the market is not trading as if it is short Euro. Central bank reserve managers are also contributing to the Euros weakness. BofA...