Daily Archives: September 26, 2011
RUB WATCHERS
Summary Vladimir Putin will run for the presidency in 2012, Unified Russia to win parliamentary elections and Dmitry Medvedev to become a prime-minister – these are the key results of the ruling Unified Russia party Congress on Saturday.
FX DAILY STRATEGIST: Europe – 26 September 2011
Friday optimism once again gives way to disappointment FX markets showed a little more stability on Friday, but once again this has proven temporary. Reports that EU officials were contemplating bringing forward the creation of the ESM (successor to the EFSF) to 2012, and that it would have capital of EUR500bn, helped drive optimism that […]
Technical Focus: Industrial Metals Technical Weekly
Industrial metals technical weekly: Even it feels like catching a falling knife…we think the stage is set for a potential rebound. Several markets has reached expected firm support levels hence a bounce would fit very well into the larger picture.
Behavioral Finance: Daily Forex Outlook: Euro traders seem to favour the radical plan
EUR/USD (1.3405) Eurozone leaders were in the unusual situation of not having to dwell on the problems of other nations at the annual IMF meeting in Washington; they had to discuss their own.
European FX Daily – Risk sell-off resumes on lack of solutions for Europe
– NZD and KRW lead sell-off vs. USD, Asian equities down 0.9-5.1% – German Ifo likely to weigh on the EUR – European policy in focus this week – USD growth data likely to be soft while inflation likely firmer
Russia: Still Putin’s domain
The ruling United Russia’s congress, held in Moscow on 23-24 September, has underscored Vladimir Putin’s domination of Russia’s domestic politics. The incumbent president, Dmitry Medvedev, surprisingly nominated Putin as the party’s candidate in the presidential elections next March, renouncing early a bid for a second consecutive term.
FX Techtonics Daily – USD/CAD: ST bullish signal
EUR/USD EUR/USD should clearly break below last Thursday’s low of 1.3385, which has come under pressure, and target the January low of 1.2860, with steps at 1.3245 and 1.3050.
Sunday Times: €3 trillion deal to ‘save euro’
G20 finance chiefs meeting in Washington have started to draw up a three-pronged plan to save Greece and the eurozone from collapse The world’s leading economies last night began work on a multi-trillion-euro package to save the eurozone. G20 finance chiefs meeting in Washington started to draw up a bold plan to expand the European […]
UK Independent: Meltdown fears for euro as G20 makes plans for Athens to default on debt
Meltdown fears for euro as G20 makes plans for Athens to default on debt Finance Minister signals Greece may opt for 50 per cent writedown on bonds as top economist warns Spain and Italy could be forced out of single currency The world’s leading economic powers are moving towards an acceptance that Greece will default […]
Technical Analysis: Technical Alert: Euro approaching support levels
Entering the week with a small sour undertone but it is also worth to note that at least some positive signs are emerging with some equitiy markets ending last week on a positive footing (OMX spring bottom) and that some EM’s like EURPLN came off in both size and volume, Bond yields moved up a […]
HSBC – Top Research from the weekend
Please find below a few key pieces of research over the weekend: 1) EFSF Vote in German Parliament {http://bit.ly/qiLuz7} 2) EZ Sovereign Debt Crisis – Who, What, Where and When {http://bit.ly/rsunKS} 3) Asian FX: CNH unsettled by contagion {http://bit.ly/pDjPSY} 4) HSBC Essentials {http://bit.ly/qDLhNI} 5) HSBC forecast changes {http://bit.ly/n5OPxo}
The European crisis continues to hit the euro and higher-beta currencies hard
The FT’s Alan beattie and Tom Braithwaite summed up where the weekend ended for the euro-crisis rather well ‘The International Monetary Fund annual meetings wrapped up in Washington on Sunday with widespread concern over the eurozone sovereign debt crisis but no immediate consensus on the solution.