Intraday Market Thoughts

Cyprus Banks Set to Re-open

by Ashraf Laidi
Mar 28, 2013 8:20

BoJ's Kuroda reiterated the Bank's plan to buy longer-dated JGBs as a way to push inflation towards the 2%, which he stated could take up to 2 years. Cyprus banks are set to open today under capital controls, 1 day ahead of Good Friday Holiday, which coincides with the end of month and quarter. Yesterday's higher than expected Canada inflation figures at 1.2% y/y compared to an expected 0.8%. Canada authorities said were investigating the suspicious decline in USD/CAD of 50 pips to 1.0150 before the figures were released. Final US Q4 GDP figures are out today (exp +0.5%), as well as Mar Chicago PMI exp 56.5 from 56.8. 2 new trades on USDJPY and 1 on EURUSD were added this morning. See full view of trades and rationale in latest Premium Insights.

Act Exp Prev GMT
GDP Annualized (Q4)
0.4% 3.1% Mar 28 12:30
GDP Price Index (Q4)
0.9% 0.9% Mar 28 12:30
GDP (JAN) (m/m)
0.1% -0.2% Mar 28 12:30
Chicago PMI (MAR)
56.5 56.8 Mar 28 13:45

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