The Queen Of Spades

“Luck is believing you’re lucky.” – Tennessee Williams While enjoying a much-needed short break from blogging, hence our uncommon silence, we still managed to follow the macro news such as February’s anemic 20,000 new jobs creation in the United States from the latest nonfarm payroll report (when 180 K was expected). With global negative yielding…

Interest Rate Outlook: U.S. Treasuries Likely To Be Stuck Between Better-Than-Expected Growth And A Dovish Fed

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Poor EMU PMI Compounds ECB’s Challenge

Overview: The eurozone’s preliminary composite PMI for January fell to its lowest level since July 2013. It reinforces expectations for a dovish Draghi press conference and saw the euro unwind yesterday’s gains. The US dollar is firmer against all the major currencies. Asian stocks gained, and the MSCI Asia Pacific Index snapped a two-day fall…