Daily Archives: September 15, 2011
Technical Analysis: Weekly equity technicals – Missing that final low
Two new signals generated since last week. Indonesia has developed a bearish pattern and thus looks very vulnerable. USD index has posted a fresh buy signal.
HSBC: Macrobullets Thursday
TOP: Italy facing another test As Moody’s Rating Decision Looms as Italy’s 90-day period closes at the end of this week. {http://on.wsj.com/n420W6} The government reaffirmed its intention to fully implement its fiscal reform program, following a teleconference between Greek Prime Minister George Papandreou, French President Nicolas Sarkozy and German Chancellor Angela Merkel.
UniCredit EEMEA Daily
News KZ: Mixed – Kazakhstan’s real GDP expanded 6.7% yoy in Jan-July vs. 7.1% in Jan-June (p2) RU: Mixed – CBR cuts repo rate buy 25bp and hikes deposit rate by 25bp in a move to reduce money market volatility (p1)
Global Technical Watch – Dollar over Asia (Sep 15)
We are focusing on Asian currencies today. The Asia Dollar Index closed below its 200-day average for the first time in over a year, and several currencies in the region risk further bearish, corrective price action against the USD. We highlight various support areas and trigger points at which this theme is likely to persist.
New Zealand: RBNZ September MPS – RBNZ keeps door open for hikes
The Reserve Bank of New Zealand (RBNZ) left the Overnight Cash Rate (OCR) unchanged at 2.50%, in line with the consensus forecast and market pricing. The Statement was more dovish than the June MPS, in line with our expectations (see New Zealand: RBNZ September MPS – Not that dovish, 14 September 2011). Governor Bollard noted […]
WSJ & Italy
PAUL MACKEL: Moody’s has Italy at Aa2 at the moment for l-t foreign currency. S&P at A+ and Fitch AA-. Moody’s is lagging the other agencies. So the question is if there was going to be a downgrade, would they just match S&P or Fitch or take the lead.
Technical Analysis: Technical Alert
Corrections are running late with hourly wave patterns now pointing towards a completed move. Downside risk should thus be returning in EURUSD,AUDUSD,EURJPY, Equities etc.
CDS Closing levels and comment
IRELND 5Y 800/860 (-60) BGB 5Y 275/285 (-10) PGB 5Y 1100/1150 (-75) ITALY 5Y 460/470 (-40) Core comparators GGB 5Y 58/62 +100 (+1) DBR 5Y 83/86 (-1) SPGB 5Y 385/395 (-35) FRTR 5Y 177/182 (-14) NETHER 5Y 90/94 (-2) SovX 5Y S5 339/342 (-12) RAGB 5Y 140/145 (-8)