Monthly Archives: January 2012
Behavioral Finance: Daily Forex Outlook : Renewed worries about Greece
EUR USD (1.2965) Snippets of information trickling from meetings gave an impression on Friday that Greece and the IIF were converging towards a deal. As a result the euro gained a little momentum.
EUR/USD ANALYSIS
EUR/USD closed NY Friday at $1.2935 with rate getting marked down into the Asian open to $1.2902 as markets showed their disappointment that no deal had been settled on Greek debt. Stops through $1.2880/60 were taken out in thin Asian trade, several centres closed for the Chinese new year celebrations, taking it to lows of […]
GBP/USD ANALYSIS
GBP/USD closed in NY Friday at $1.5575, with rate getting marked down slightly into early Asian trade Monday, as EUR/USD marked sharply lower following weekend disappointment for a conclusive agreement on the Greek debt deal.
JPY ANALYSIS
The USD/JPY opened at Y76.96 and traded a Y76.92-77.08 range collared by exporter offers from Y77.10 up to Y77.40. EUR/JPY tracked EUR/USD gapping down on the opening at Y99.02 from a Friday close of Y99.45 following indecision over the Greek PSI debt, dipping to lows of Y98.92 before staging a recovery to Y99.44.
GOLD ANALYSIS
Gold is trading above its daily trend line resistance, which is marked today around $1668, with an intra-day high currently posted at $1677.70 with prices continuing to trend higher after the European cash equity opening.
UniCredit EEMEA Daily
News KZ: Neutral – Govt sees little changes after the elections (p2) Today’s Events CR: Dec unemployment / RO: RON300mn 182D T-Bill auction / RU: Dec PPI, Dec unemployment / TK: 2016 GB and 2021 IL GB auctions
FX Daily Strategist: Europe
No weekend deal on the Greek PSI+ hits EUR but AUD & NZD rally continues unabated A deal has yet to be finalised over the terms of the Greek PSI+ following weekend discussions with private bond holders. Private owners of Greek debt have made their “maximum” offer for the losses they are willing to accept […]
Technical Analysis
Still unclear whether the EUR bounce has run its course or not. EUR/USD short term wide open, EURJPY likewise (watch cautiously 100.33/77) but EURGBP’s downside key day reversal argues for more downside (a short term GBPJPY play?), EURSEK and EURNOK both posted inside days suggesting that topside risk somehwat higher than the opposite, at least […]
BUND ANALYSIS
German government bonds are opening higher Monday on risk-aversion buying after Greece and its private creditors failed to reach a full agreement on a debt swap plan this weekend. Focus turns to EU FinMin meeting in Brussels for the next directional move.
GBP/USD ANALYSIS
Closed in NY Friday at $1.5575, with rate getting marked down slightly into early Asian trade Monday as EUR/USD marked sharply lower following weekend disappointment for a conclusive agreement on the Greek debt deal.
EUR/USD ANALYSIS
Closed NY Friday at $1.2935 with rate getting marked down into the Asian open to $1.2902 as markets showed their disappointment that no deal had been settled on Greek debt. Stops through $1.2880/60 were taken out in this Asian trade, several centers closed for the Chinese new year celebrations, taking the rate to lows of […]
UBS Morning Adviser Asia
Greece Deal Delayed The details of the Greek bond swap have yet to be finalized, despite hopes of conclusion being reached on Friday. The Financial Times reported that terms had in fact been provisionally agreed between Greece and the IIF, but that the EU/IMF objected to the plan on the grounds that the proposed coupon […]