Jovana Pribic

The market perception of risk across countries has improved over the past year, according to Philippe Dauba-Paanacce, Senior Economist at Standard Chartered. The improvement reflects ‘market-friendly’ outcomes of disruptive elections that were seen as potentially disruptive, along with improving global growth. The analysis conducted on 5Y CDS (relative 5Y CDS spread movements provide a gauge […]

Forex yesterday was driven by holiday-thinned trades, hence a typical holiday-quiet Asian session was witnessed and left most majors at the mercy of the risk trends and irregular volatility. On the macroeconomic data front, downbeat Japanese Tankan manufacturing and non-manufacturing surveys added to the weight of Yen, while an unexpected drop in Chinese Caixin manufacturing

This week’s US data is expected to continue pointing towards a strong economic picture according to analysts at Nomura. Regarding the nonfarm payrolls (NFP), Nomura analysts are looking for a 115k gain on the heels of a weather-related 313k surge in February. Despite the low March forecast, the expected monthly NFP gains may reach an

The US and Korea managed to strike an important agreement this week and many recognize it as the first success of President Trump’s trade strategy and a turning point in general. The agreement is being offered as an innovative and a visionary development. Far from new, the US trade thrust is seen as a return

The Bank of England has provided some highlights update on the regulatory approach to preparations for EU withdrawal, released yesterday. Namely, BoE presumes that there will continue to be a high degree of supervisory cooperation between UK and EU post-Brexit and believes it will be difficult for all financial institutions to complete all of steps

With the new tariffs and fears of a trade war, after Trump allegedly intends to impose 25% import duty on 60bn worth of imports from China, markets are being shaken again after a short recess. Given how Trump has internalized the development in S&P500 during his presidential reign, we still judge that his appetite for

According to the Ifo Institute (Munich), KOF (Zurich) and Istat (Rome), robust economic growth of 0.6% can be expected in the first and second quarters of 2018 with marginal slowdown of growth to 0.5% in the third quarter. The key drivers of growth are investments, which will benefit from low interest rates, and rising capacity

Forex today was mainly driven by risk flows, with a major turnaround in the risk condition experienced amid ebbing fears over the US-China trade war. The WSJ reported that the US and China are quietly seeking trade solutions after last week’s war of words. Subsequently, the demand for the safe-havens such as the Yen, gold

In its latest monetary policy meeting, held yesterday, the BoE MPC voted 7-2 in favour of leaving benchmark interest rate unchanged at 0.50%. Meanwhile, it was a unanimous vote to keep asset purchase facility at £435 billion and corporate bond target at £10 billion. All in all, the statement from the Bank of England’s latest

Alongside positive steps made in Brexit talks this week, the UK wage data may give BoE a green light on rate hike to happen in May. At 2.6%, growth in average weekly earnings excluding bonuses suggests that wages are gathering momentum. Admittedly, the current year-on-year rate of growth says almost as much about the weakness