Japan Machinery Orders (MoM) came in at -3.2%, below expectations (0.5%) in January

Japan Domestic Corporate Goods Price Index (YoY) increased to 1% in February from previous 0.5%

Japan Domestic Corporate Goods Price Index (MoM) down to 0.2% in February from previous 0.6%

Japan Machinery Orders (YoY) below forecasts (-3.3%) in January: Actual (-8.2%)

Fed: Expectations beyond March? – Rabobank

Analysts at Rabobank explained that in response to the Fed’s coordinated effort to raise market expectations we also adjusted our forecasts last week by adding a March rate hike to our outlook for 2017, which until then consisted of a single hike in December.  Key Quotes: "Althoug ...

Fed can hike this week – Nomura

Analysts at Nomura explained that they expect the FOMC to increase the federal funds target to 0.75-1.00% at the conclusion of their next meeting.  Key Quotes: "Over the past two weeks, many FOMC members, including Chair Yellen, have sent clear signals that they will raise the federa ...

New Zealand Food Price Index (MoM) dipped from previous 2.8% to 0.2% in February

A correction in the dollar has begun – BBH

Analysts at Brown Brothers Harriman explained that bringing forward expectations of a Fed hike from May-June to March was worth something for the dollar, but to get more now, the market may need to recognize the risk of three (or more) hikes this year.   Key Quotes: "With the stron ...

Market wrap: nonfarm payrolls and dollar sold-off – Westpac

Analysts at Westpac offered a market wrap. Key Quotes: "Global market sentiment: The eagerly awaited US payrolls report was stronger than expected, cementing the case for a Fed rate hike this week. Markets had already priced in such an outcome, though, and the ensuing profit-taking cause ...