FW: [Maybank] Global PMIs on Tap Next Week

 

 

GBL: Global PMIs on Tap Next Week FX Weekly by Saktiandi Supaat FX Research Our tactical bias to stay short JPY and CHF vs. long USD worked well. Our tactical calls for USDSGD, AUDNZD and USDMYR to trade higher towards 1.3550, 1.0960, and 4.22, respectively were also met. Today's focus on EU and US inflation reports. A faster pick-up in US PCE core may lend strength to USD. Next week's focus will be on payrolls, in particular average earnings. Consensus expects +0.3% m/m (vs. +0.1% prior). Upside surprise should keep UST yields supported and USD should stay supported... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.