In this report, we review our trade recommendations based on incoming data in the last month.
Citigroup’s economic surprise index for the Euro Area has been on a steady ascent since mid-2023. Its continued increase after breaking into positive territory at the start of February indicates that the region’s…
This week, we review our currency positions, based on the latest data from G10 economies.
Expected inflation has surged to its highest level in a year. This has surprised many people, but expected inflation is behaving just as expected. Expected inflation is not a prophecy, it is just a mathematical function of delivered…
Swiss annual inflation continued to decelerate in February, with headline CPI now at 1.2% and core at 1.1%. This is remarkable since inflation continues to track well below the 1.8% forecast by the Swiss National Bank (SNB) for…
This week’s report explores factors behind the recent rise in the dollar, and whether this could continue in the next month.
We look at the implications for FX from the slew of central bank meetings this week.
In light of the hotter-than-expected US CPI report, we look at what interest rate currency investors should focus on. Our conclusion largely keeps our existing trades in place, as published in our outlook, a few weeks ago.
According to BCA Research’s European Investment Strategy service, the euro has ample attractive features that justify a positive long-term outlook. However, its pro-cyclicality and the dollar’s negative…