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Main macro themesGlobal economy still paints a mixed picture. While US data, including labour market and consumption data, have surprised markets on the upside in recent weeks, the cyclical position...
Market movers today The data calendar brings no tier 1 releases in today's session. Hence, primary market focus will remain on the earnings season, resurfacing trade war concerns and, not least, FOMC...
Market movers today The data calendar brings no tier 1 releases in today's session and the primary market focus will remain on the unfolding earnings season amid US President Trump's recent reminder...
Market movers today Today the final euro area HICP figures for June will be released. The German figures point to a slight upward revision in the euro area headline figure to 1.3% (from 1.2% in the...
Market movers today In Europe, at 18:00 CEST the European Parliament will vote on Ursula von der Leyen's appointment as Commission President. She is potentially facing a knife-edge vote after...
Non-commercial FX positioning Non-commercial commodity positioning IMM overview table for FX and commodities Details Historical FX (1 of 6) Historical FX (2 of 6) Historical FX (3 of...
Market movers today It is a quiet day on the data release front. A speech by Fed's William (voter, neutral) ahead of the crucial Fed meeting at the end of July will be in focus. The market is...
Market movers today Market focus remains on the probability of forthcoming central bank easing with most prominently rates markets re-adjusting the probability mass between a 25bp (our eventual...
Market movers today In the euro area, the ECB minutes from the June meeting are set to be released today. At the press conference, Draghi stressed that the governing council (GC) discussed several...
Market movers today In the US, markets will look out for two interesting events on the agenda: the release of the June FOMC minutes and Fed chief Powell's semi-annual testimony before the House...
Non-commercial FX positioning Non-commercial commodity positioning IMM overview table for FX and commodities Details Historical FX (1 of 6) Historical FX (2 of 6) Historical FX (3 of...
Market movers today Today we get mainland GDP out of Norway. The figure will be important when gauging the potential for further rate hikes from Norges Bank. The aggregated output index in Norges...
Market movers todayToday is a quiet day in terms of data releases. However, two important releases are due in Germany today, the first being the industrial production for May, which will give a hint...
Market movers aheadThe latest Fed and ECB meeting minutes will be scrutinised for signs of the next steps in their monetary policy easing. China will be in focus on a potential restart of US-China...
Market movers today In the US, the jobs report for June is due out. Overall, the labour market has started to show some weakness, so we think it is important to keep an eye on employment growth,...
Market movers today We are looking at a quiet day on the release front with the US markets closed for the 4 July celebrations. In the Eurozone, we get retail sales which are expected to edge up...
Key points Markets do not believe in the ECB’s inflation target. Brace for more negative economic surprises. Policy continuity under new ECB President Christine Lagarde. The key event this...