Mar 10, 2015 08:46 am UTC| Commentary
A light data calendar should leave focus on the ECB QE and on Greece today. QE action should continue to support Bunds, offering offer tailwind to the US-Bund spread.Unicredit notes in a report on Tuesday: While yields...
USD, EUR daily briefing: Commerzbank
Mar 10, 2015 08:36 am UTC| Commentary
Quotes from Commerzbank: USD:In just over a week Richard Fisher will retire from his position as head of the Federal Reserve Bank of Dallas.He used a final opportunity to teach his FOMC colleagues an important lesson:...
Mar 10, 2015 08:17 am UTC| Commentary
Up until last night the price action in all the asset classes was pretty reminiscent of that post the February US Payroll.That being an aggressive move in the USD and US rates into the Friday night close, to be reversed...
Norway's february core inflation likely to be at 2.4% y/y
Mar 10, 2015 08:11 am UTC| Commentary
Core inflation for February is the last important release before Norges Bank finishes its March interest rate forecast.One could argue that the significant weakening of the NOK towards the end of 2014 suggests an upward...
Chinese CPI numbers jump from 0.8% y/y to 1.4%
Mar 10, 2015 08:06 am UTC| Commentary
Chinese CPI jumped more than expected (but the drop in the PPI accelerated), from 0.8% y/y to 1.4%. The numbers follow higher-than-expected inflation from the Euro area, and suggest recent deflation fears are...
More wasting of time in Greece
Mar 10, 2015 08:02 am UTC| Commentary
Yesterdays Eurogroup meeting did not really make progress on Greece. It concluded the discussions between Greece and the three institutions, the IMF, Commission and the ECB, would begin on Wednesday.Eurogroup head...
Mar 10, 2015 07:56 am UTC| Commentary
Euro-area yields saw big declines yesterday, as the ECB finally started buying. The EUR/USD, in turn, has continued to tumble, and has plummeted below 1.08 this morning.Yesterdays Eurogroup meeting did not really make...