Daily Archives: September 29, 2011
Behavioral Finance: Daily Forex Outlook: Euro maintains optimistic undercurrent, for now
EUR/USD (1.3615) Eurozone policymakers seem to have been rather dismissive of discussions about the transformation of the EFSF into a two-trillion-euro-heavy leveraged bailout vehicle. German finance minister, Schauble, has been notably critical and Bundesbank president, Jens Weidmann, has also indicated that the ECB would not play a role, a stance that reportedly has the full […]
Governor Bollard ‘comfortable’ with current level of NZ interest rates
Reserve Bank of New Zealand (RBNZ) Governor Alan Bollard gave an extended radio interview this morning following his recent attendance at the IMF, World Bank and G20 meetings in Washington. The general tone of the interview was very much in line with the recent RBNZ September MPS and our view that the RBNZ will follow […]
UniCredit EEMEA Daily
News HU: Neutral – August Unemployment comes in unchanged at 10.8% (p2) RU: Negative – FX reserves fell USD6bn last week, we reckon roughly half was due to interventions (p1) SI: Negative – Fitch downgrades credit rating to AA- with negative outlook (p2)
RMB options today
Lots of market activity today despite the HK typhoon NDFs in CNY are higher, CNH spot is +150 pts from yesterdays close in Asia CNY 1mth paid up to 3.4 from 2.9 yesterday 3mth 25d RR trading at 1.5 for cny puts
Daily Financial Markets Monitor: September 28, 2011
Global stocks dropped 1.3%. Developed markets tended to fare worse than developing markets. US shares fell 2.3%, erasing yesterday’s gains. Euro area stocks slipped 1.2%. Japanese shares ticked up 0.1%. Emerging market equities dropped 0.5% on the whole.
*BERNANKE SAYS MONETARY POLICY “IS NOT A PANACEA”
*BERNANKE SAYS MONETARY POLICY “IS NOT A PANACEA” *BERNANKE SAYS CURRENT UNEMPLOYMENT PROBLEM UNPRECEDENTED *BERNANKE SAYS UNEMPLOYMENT IN U.S. IS A “NATIONAL CRISIS”
Technical Analysis: Technical Alert
Most points towards ending corrections in most markets. EURUSD twice spiking to the topside suggests offers are back, EUR index the same + a potential hourly head and shoudlers top, IT 10y BTP eyeing key support, EURSEK seems to be finding support so topside focus back,