Daily Archives: September 6, 2011
The Rising Sun – 6 Sept 2011 – RBA on hold & China growth may fall below 9%
As it happened The Asian morning en bref: The day opened in Asia with S&P futures down more than 2%, the local bourses all deep in the red, and EUR moved from 1.4100 levels down to 1.4039. Two headlines hit the wires: First, an article in the AFR suggested that the rating of local Australian […]
UniCredit EEMEA Daily
News RO: Positive – MinFin sells RON 1bn 1y t-bill at 6.73% vs. 6.64% last time (p1) TK: Negative – August CPI comes in way above consensus at 6.7% yoy, core accelerates to 6.2% yoy from 5.4% yoy (p2) RU: Dovish – Aug CPI declines 0.2% mom slightly below cons (p1)
Technical Analysis: Technical Alert: The dollar retains the upper hand – equities are not
Risk aversion is still on the fore. In this environment we see the classic four (USD, CHF, JPY & gold) holding the upper hand. EURUSD below 1.41 has pehaps not opened Pandora’s box, but at least put the door ajar for further losses (though an immediate sub-1.3950 break is currently not the main scenario)… EURJPY […]