EcoWeek – BNP
PARIBAS
The
flattening of the US treasury curve has received a lot of attention as of late
because historically recessions have been preceded by an inversion of the yield
curve. A rather flat curve does not imply that a recession is imminent. However, historically once the yield curve
starts to steepen after having flattened or inverted, a recession follows quite
soon thereafter. Rather than focusing on the slope of the curve, one should
wonder when the Fed will stop tightening
Week in Focus – Ransquawk
Tue:
US & EZ flash PMIs * Wed: German IFO, Juncker visits US * Thu: ECB meeting,
US durable goods orders * Fri: US GDP
Global Week Ahead
– Scotiabank
Weekly Market
Outlook –
Moody’s
Weekly Market
Comment –
Marc
Chandler
US
as Revisionist Power Remains Biggest Risk for Investors
Weekly Market Analysis – Marc Chandler
It was Supposed to be a Quiet Week
FX Weekly – Nordea
PBoC
stimulus and CNY plunge does not mean that EM Asia is out of the woods. We
examine G10 FX ahead of curve inversions and the next humongous SOMA
redemption, but also wonder if the Riksbank isn't asking the wrong question…
G10 FX week ahead – ING
The
markets' love for the US dollar was abruptly ended by a series of comments by
President Trump on US interest rates and currencies. With the short-term USD
fundamental dynamics starting to turn lower, these comments mark the end of the
USD rally – and bar any immediate escalation the global trade war, it’s a
mini-lifeline for currencies elsewhere