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  • The #coronavirus has revealed that these debt markets are more susceptible to economic shocks than imagined".
  • has alleviated the anxiety of a region-wide default. Consequently, investors have grown more comfortable with investing in riskier assets (both sovereign and corporate) while underwriting standards for the latter deteriorate.
  • History says otherwise, and the current fundamental context only supports the notion that the Southern member states are still comparatively more vulnerable than their northern counterparts. However, buoyant market optimism – buttressed by expectations of central bank easing -...
  • ...reputation of financial soundness – has collapsed and is approaching equivalency. The implicit message behind this convergence is investors are assuming that “all other things equal”, these states will be almost equally able to meet their debt obligations.
  • (IMPORTANT THREAD) "This came amid a regional convergence of interest rates on sovereign debt in Greece, Germany, Italy Portugal and Spain. What this means is the risk premium between owning Mediterranean debt – with a history economic precarity – and German bunds - with a... https://t.co/jVpQCZ7T89
  • The #Euro may be close to resuming the downtrend against the US Dollar after managing a shallow recovery from support just below the 1.08 figure. Get your $EUR market update from @IlyaSpivak here: https://t.co/WJCO0gcL8p https://t.co/B7UnWonz40
  • Hey there traders! Did you know that on top of the fundamentals and technicals, trader positioning is hinting that trends in $USDJPY and the #SP500 may continue lower? Join me in about 1.5 hours as I discuss this in depth alongside other pairs here - https://www.dailyfx.com/webinars/998956395?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/R432QfY0Ul
  • Nordic FX expected to be 2 out of the three most volatile G10 FX this week vs the US Dollar with one week implied volatility at 10.18 for NOK and 9.23 for SEK. Read @ZabelinDimitri's Nordic technical and fundamental outlook here for a more in-depth look: https://www.dailyfx.com/forex/fundamental/article/special_report/2020/02/24/US-Dollar-Aims-Higher-vs-NOK-on-Growth-Outlook-Coronavirus.html
  • $NZDJPY finally capitulating with the aggressive deterioration in market mood as prices broke under key support after consolidating for almost a month. https://t.co/bK5jUw0avc
  • Fed's Kaplan: Not inclined to think about a rate cut right now #fed
Weekly Trading Forecast: BOE, RBNZ Compete with Fed for Attention

Weekly Trading Forecast: BOE, RBNZ Compete with Fed for Attention

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Financial markets preoccupied with the direction of Fed monetary policy will have to make room for rate decisions form the RBNZ and the BOE in the week ahead.

US Dollar Forecast: US Dollar Has Scope to Extend Rally on CPI Data, Powell Speech

The US Dollar has scope to continue building higher after enjoying the most aggressive three-week rally in nearly two years against its major currency counterparts.

Euro Forecast: Falling Inflation Makes Case for QE-Extension; Weakness May Remain

The Euro correction has continued, and EUR/USD is testing below the vaulted 1.2000 level. As the economic backdrop in Europe continues to slow, the possibility of further Euro losses remain.

British Pound Forecast: GBPUSD Price Action Hinges on Bank of England's Super Thursday

GBP fails to find reprieve after another run of uninspiring data points. Focus now turns to the Bank of England Quarterly Inflation Report.

Japanese Yen Forecast: Japanese Yen May Gain if Uncertainty On Iran Deal Hurts Sentiment

The Japanese Yen could rise if uncertainty over the Iran deal hurts sentiment and boosts anti-risk assets. Other domestic and external event risks could once again swing the currency.

Australian Dollar Forecast: Sinking Australian Dollar Can't Look For Support In The Numbers

There’s plenty of Australian economic data on tap this week, but it’s not going to shift interest-rate expectations. Therefore it’s unlikely to help battered Aussie bulls

Chinese Yuan Forecast: Yuan May Lose on Weak Exports, Gain on Warmer China-Japan Relations

The Chinese Yuan may face a mixed impact from the unsolved US-China trade discrepancies and a reset in China-Japan ties.

Crude Oil Forecast: Iran Drops 'B'-Word on US, Prices Stay Elevated

Jitters surrounding the coming May 12 deadline for US President Trump to abandon Iran accord has supported the price of Crude despite record US production.

Equities Forecast: Bullish DAX Momentum Gathers Pace, S&P 500 Remains Bid Following FOMC

The near-term outlook for the DAX remains tilted to the topside, while the S&P 500 looks poised for a breakout amid the narrowing threat for a global trade war.

Weekly Trading Forecast: BOE, RBNZ Compete with Fed for Attention

See what live coverage is scheduled to cover key event risk for the FX and capital markets on the DailyFX Webinar Calendar.

See how retail traders are positioning in the majors using the IG Client Sentiment readings on the sentiment page.

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