Monthly Archives: November 2011
Behavioral Finance: Daily Forex Outlook: Desperate Optimism?
EUR/USD (1.3335) Even as banks, lawyers, brokers and big businesses prepare contingency plans for a possible eurozone breakup, the markets nevertheless seem to be pinning their hopes on the outcome of the ongoing EU Finance Ministers meeting.
UniCredit EEMEA Daily
News HU: Neutral – NBH MPC hikes rates by 50bp in line with consensus (p1) BG: Negative – Economic sentiment down by 1.7 points in Nov (p2) LT: Positive – Final 3Q GDP revised up to 6.7% (p2)
Technical Alert: EURSEK scene changed after GDP & USD correction completed?
Most leads indicate that the correction lower in the dollar is over. Above 79.37 in the dollar index and below 1.3273 in EURUSD would fully confirm this… AUDUSD seems to have at large respected overhead resistance and is also southbound again…
Previewing today’s Eurogroup and tomorrow’s ECOFIN meetings
Summary The regular monthly meetings of the Eurogroup (starting 16.00 today) and ECOFIN (tomorrow from 08.00 GMT) come at a time when Germany is exerting a strong push to achieve a regime of much tougher fiscal discipline, decisions on Greece, discussion of the new government plans for Italy,
MoF monthly intervention amount release
MoF monthly intervention amount release is due at 1900JST today, not 1700JST. This statistics shows only the total amount SETTLED during November (28 Oct to 28 Nov), thus it includes Oct 31 intervention.
HSBC: Currencies: Technical Analysis: Euro: magazine cover alert
Sentiment towards the Euro is negative. Although we still anticipate lower levels ahead, we highlight an indicator that is worth noting. Volume in stocks expanded on strong breadth during yesterday’s up day.
TRY: CBRT shows its hand
Turkish central bank has taken new steps to improve its communication with the markets. On Friday, the CBRT said that it would indicate in advance the amount of funding it intends to provide via the one-week repo auction.
EUR/CHF ANALYSIS
EUR/CHF confirmed yesterday further consolidation interior the positive outside day reversal with 1,2395 – 1,2235 still the levels to follow in the coming hours/ session.
USD/CHF ANALYSIS
The USD/CHF confirmed yesterday a correction finding however good support that favoured a swift return above 0,9200.
EUR/GBP ANALYSIS
EUR/GBP confirmed a weak closing below the lows of the last few session confirming also a break of the support of the inside day.
STOXX 50 ANALYSIS
The EUROSTOXX 50 confirmed a strong closing last night suggesting we have a s/t bottom at 2064.
DAX ANALYSIS
The DAX confirmed yesterday a 5800 overshooting finding good resistance at the resistance line.