Epstein Secrets

m NYT<http://www.nytimes.com/2012/04/18/technology/mobile-carriers-warn-of-spectrum-crisis- others-see-hyperbole.html> Speedy economic recovery has Carney hinting of a rate rise Globe and Mail<http://www.theglobeandmail.com/report-on-business/economy/interest-rates/speedy- economic-recovery-has-carney-

ng FX headwinds, outlook confirmed (trading -3%) Yara seeks authorization to buy back up to 5% of its outstanding shares (trading -0.3%) Sweden's Riksbank leaves key rate unchanged at 1.50% (as expected) as recession risks ease Wynn Macau closed +5.2% on chatter that government is close to giving thum

fe havens" globally are turning. Sell CHF vs USD and EUR. El The GBP bear story is not over, in our view: basic balance dynamics remain explosive, Carney will stay dovish and market positioning is cleaner. Sell GBP vs USD and EUR. Don't Underestimate Swiss Investor The market has been very focused

Page 11 EFTA01464446 16 May 2013 FX Blueprint: Dashing Buck Meanwhile in Sweden imported deflation is dragging headline CPI further below the Riksbank's projection (in April -0.5% YoY vs the -0.2% projection). For the inflation targeting Riksbank this should mean further policy easing, and it mig

ion/rates inconsistent. ¢ Long RUB/ZAR (positive on oil, cautious on S African politics). ¢ Short EUR/SEK, strong Swedish growth, limiting room for Riksbank easing. Current trade recommendations 2 Global Cross Asset Strategy - Year Ahead | 30 November 2016 BankofAmerica <2” Merrill Lynch HOUSE_OVERSIG

e market continues to discount the Bank of England consistently overshooting its inflation target without a response on monetary policy. Yet Governor Carney and other members of the BOE’s MPC have said that while they are willing to look through a short term inflation shock they would not tolerate a susta