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Rates: US 10-yr yield fails to retake 2.54% The US 10-yr yield failed to regain previous support (2.54%) last week. Mixed March payrolls caused return action lower. This week’s eco calendar is fairly thin. Wednesday’s ECB meeting is the main event, but we expect the central bank to keep low following huge decisions in March.

The price of crude oil jumped in overnight trading as traders cheered the ongoing supply cuts by OPEC. These cuts started after the December meeting in Vienna during which officials announced that they will cut production in a bid to rebalance the price, which had fallen to yearly lows. This move was supported by Saudi

Risk assets received a nice boost after the release of Friday’s US Non-Farm Payrolls report. The 196,000 jobs added in March exceeded market estimates of 180,000 and February’s figure was revised slightly upwards to 33,000 from 20,000. The added jobs are more than enough to keep the unemployment rate near its 50-year low if the

Insufficient support for any version of BrexitThis week is going to be another dramatic week in Brexit land. While PM Theresa May has sent a letter to Donald Tusk asking for an extension to 30 June, we do not think the mood in Brussels is for another short extension. Our base case is the EU

RBA Focused On Housing DataAussie dollar is failing to find any luck among traders, there are concerns about the upcoming Federal elections in Australia. This comes in the midst of speculations that the Reserve Bank of Australia is likely to change its stance towards the monetary policy.Property prices are tumbling and households have tightened their

Dollar snoozes after mixed jobs data, but rate-cut bets growThe US employment report for March was a mixed bag. Nonfarm payrolls clocked in at 196k, higher than the consensus for 180k, but wage growth disappointed, with average earnings slowing to 3.2% in annual terms, from a cycle-high of 3.4% in February. The unemployment rate held

The USD weakened initially, yet made some gains as the US employment report for March was released on Friday. The report showed a slower growth in average wages than expected, yet the overall picture of the US employment market remains tight as the NFP figure rose by a solid 196k. Analysts point out that the

On Friday, the US dollar strengthened against a basket of major currencies despite the publication of mixed economic statistics. Thus, nonfarm payrolls increased by 196K in March, while experts expected growth by 175K. The unemployment rate counted to 3.8% in March, which matched the investors’ expectations. However, growth in average hourly earnings slowed down from

Monday April 8: Five things the markets are talking aboutGlobal equities have opened slightly lower overnight as the market takes stock of last week’s rally, following progress in U.S-China trade talks and a strong U.S employment figure Friday, while conflict in Libya is sending oil prices higher.Markets rallied last week as President Trump met Chinese