The US Dollar weakened a further 0.7% in trade-weighted terms last week to a 7-week low. Despite slightly higher than expected US CPI-inflation in March US Treasury yields fell across…
The US calendar is once again likely to dominate, with ISM non-manufacturing PMI and external trade data and Fed policy meeting minutes due for release and Chairperson Powel scheduled to…
Price action in developed FX markets was reasonably subdued last week – the Dollar, Euro, Swiss Franc and Australian Dollar ended the week broadly unchanged – with much of the…
While there are few central bank policy meetings scheduled this week it’s an important for US macro data, with consumer confidence, ISM manufacturing and labour market figures for March due…
Last week cannot easily be defined as either “risk on” or “risk off”. The S&P 500 was choppy but ended the week up 1.6% thanks in part to US macro…
Last week was mainly about the central banks but this week it’s arguably about the macro data, even if a number of senior Federal Reserve, European Central Bank and Bank…
The highlight last week was the Federal Reserve’s policy-meeting, statement and press conference on Wednesday. As expected the Fed left its policy rate unchanged at 0.0-0.25% but importantly the updated…
It’s a big week for central banks. The Federal Reserve and Bank of England are due to meet on respectively Wednesday and Thursday while the Reserve Bank of Australia will…
After weeks of somewhat muddled price action in financial markets the tone last week shifted more clearly towards “risk on”. The pronounced fall in international government bond yields in the…
A modest fall in global government bond yields yesterday, triggered in part by RBA and ECB policy interventions, contributed to a sharp rebound in global risk appetite and equities. The…
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