Chirag Garg

COMING UP NEXT WEEK: RBA Minutes, BREXIT, Yellen Senate Testimony

FED 0bps Next Meeting (27–07–16) 0bps, +8bps 2016, +26bps 2017

Ladbrokes % Chance of ‘Leave’ Vote for 23 Jun EU Referendum: 38%

US 10yr 1.61% | SPX PE : 19.2 | VIX : 19 | WTI 48.12 | GOLD 1296

COMING UP NEXT WEEK : FED, BOE , BOJ

FED 0bps Next Meeting (15–06–16), +12.5bps 2016
RBA: -5bps Next Meeting (05–07–16), -25bps 2016
US 10yr 1.64% | SPX PE : 19.4 | VIX : 17 | WTI 49.07 | GOLD 1274
EUR : 1.1250 | JPY 106.97 | AUD .7370 | NZD .7060 | CAD 1.2780

$$$Bank Notes$$$- Jun 5 2016

Light week, although we did have a monetary policy decision from the ECB

ECB left rates unchanged (0%,0.25%,-0.4%)

EUR initially higher- but ends up lower on the day as revisions to the inflation forecasts are digested and found to be lower than…

$$$ Bank Notes $$$- May 29 2016

There was 1 rate decision from Bank of Canada this week, suggesting that they maintained a slight easing bias. My opinion is that they will leave the remainder of their bullets for when there is a large financial stability scare.

$$$BankNotes$$$

Fed & RBA Minutes were published this week, highlighting differences in monetary policy direction. While inflation increases in the US, albeit from a very low level, inflation has declined in Australia. The RBA explained why it cut rates, although I don’t expect them to cut again in Q3. The Fed on the other…