Claims A Weekly Focal

The Week Ahead: Greece Deal and 3 Central Bank Meetings on Tap Another action packed week awaits as we watch and wait for Greece and the troika to sign on the dotted line, and with three central banks (RBA, BoE and ECB) on tap. US data The US employment report on Friday was a very interesting one - but not due to the strong headline data. Rather, the internals show a very confusing picture that require a good dose of explanation, with something for both pessimists and optimists to latch onto. Our Macro Mads will enlighten us with a breakdown of why some of the internal numbers were so confusing with this report and how we should read them. The takeaway? The jobs report was about as good as touted and this was also somewhat corroborated by the strong employment sub-index in the January ...

The Week Ahead Highlights * USD weakness looks suspect * JPY intervention may be the real deal * Increased speculation on quantitative easing * Renminbi strength unlikely to continue * Gold advances to new record levels * Key data and events to watch next week USD weakness looks suspect The USD took a hit in the past week as better Chinese data supported global recovery prospects, weakening safe haven dollar demand, and markets responded to talk the Fed may undertake a second round of quantitative easing (QE). The greenback also likely weakened as the Chinese stepped back from dollar-buying intervention and allowed the RMB to strengthen. The Chinese data suggest a soft-landing has been achieved there and that is indeed supportive for the global outlook, and ...