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Yearly Archives: 2017

THE ASIA FX/RATES DAYBOOK: FX/RATES DAYBOOK ASIA: Yen Follows USTs Lower as Aussie Plunges

(Bloomberg) — The yen tracked Treasuries lower after a soft 10-year TIPS auction added to downside pressure in the U.S. session, extending Wednesday’s Fed-induced selloff. The long end of the UST curve continued to outperform, narrowing the gap between five-year notes and 30-year bonds to the least since 2007. The …

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THE EUROPE FX/RATES DAYBOOK: FX/RATES DAYBOOK EUROPE: USD Advances; ECB’s Draghi Speaks

(Bloomberg) — The dollar extended gains after Federal Reserve officials maintained their forecasts for one more interest-rate increase this year and three additional hikes in 2018. TODAY ECB President Mario Draghi speaks in Frankfurt ECB’s Executive Board member Peter Praet chairs panel in Frankfurt ECB publishes economic bulletin Norges Bank …

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MACRO VIEW COLUMNS: The Fed Just Said Get Ready for Volatility — in 2020

(Bloomberg) — Traders have become so accustomed to a dovish FOMC, even when it’s tightening policy, that they seem to have forgotten what a hawkish Fed actually looks like. Wednesday’s statement and summary of economic projections offered a reminder, with the crucial 2017 and 2018 dot plot medians remaining unchanged…projecting …

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THE U.S. DAYBOOK: U.S. DAYBOOK & OVERNIGHT: FOMC, Toshiba/Bain, General Mills

(Bloomberg) — U.S. stock-index futures are little changed with European shares as oil rises before Fed rate decision. Economic data include mortgage applications and existing home sales. General Mills is reporting earnings. U.S. MARKETS: S&P 500 futures little changed at 2,505.10 Brent futures up 0.9% to $55.61/bbl Gold spot up …

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THE EUROPE FX/RATES DAYBOOK: FX/RATES DAYBOOK EUROPE: USD Falls Before Fed; U.K. Retail Sales

(Bloomberg) — The dollar dropped from a two-month high against the yen before the Federal Reserve announces a policy decision Wednesday. TODAY U.K. retail sales German producer prices Riksbank Deputy Governor Floden speaks Chief Brexit negotiator Barnier speaks in Brussels OVERNIGHT TRADING SESSIONS U.S. Treasuries drifted lower over U.S. morning …

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