Daily Archives: February 21, 2012
Bond Analysis
German government bonds trading higher into the New York session Tuesday as Greece’s second bailout deal failed to convince markets. Whilst the deal averts risk of an early default, with Athens now able to repay its bond redemption for E14.44bln that is due on March 20, markets are seen remaining wary on the implementation risk, […]
UBS Morning Adviser America
Greek Deal Fails To Impress There were few signs of any relief rally in risk assets on Tuesday, following the Greek deal passed last night. The deal was well flagged and with several points of uncertainty, investors have been unwilling to chase risk much higher.
USD/JPY Analysis
Opened at Y79.63 in Asia and slipped on EUR/USD sales to Y79.53 on the back of an FT article showing reluctance from some EU states to ratify the deal. USD then found solid support towards Y79.50, and moved higher to Y79.81 before easing back to Y79.55.
GBP/USD Analysis
GBP closed Monday’s session at $1.5851, having been confined through the session between $1.5844/80 leaving EUR/GBP to track EUR/USD recovery on optimism concerning the result of the Eurogroup Greek debt negotiations.
EUR/USD Analysis
EUR/USD closed Monday’s session at $1.3240, having been pushed up to a high earlier in the day of $1.3277 (from $1.3183 pullback lows in early Europe) on optimism over a Eurogroup Greek debt aid deal.
Behavioral Finance: Daily Forex Outlook : A conditional deal but a deal nevertheless
EUR USD (1.3265) The numbers agreed by the Eurozone finance ministers in the Greek bailout deal seem to have come out on the top end of the expectations. Of course the €130 billion figure is against the backdrop of an optimistic scenario which was described in the ‘leaked’ report circulated to the eurozone officials before […]
Euro-outlook stabilized but still vulnerable
The Greek debt negotiations to reduce Greek debt/GDP to 120% by 2020 have been accepted as Euro zone finance ministers this morning approved the €130bn second Greek bail-out package. ECB will participate by contributing approx.
UniCredit EEMEA Daily
News CZ: Positive – Czech Republic sells EUR2bn Eurbond at 160bp spread above mid swaps RO: Positive – MinFin sold RON 2.5bn 2Y T-bonds: avg. yield 6.36%, bid/cover 1.1
Technical Analysis
EURUSD looks set to test the recent 1.3322 high but the upside is not a done deal… USDJPY is short-term stretched and some longs should be weathered, paving for a ~79-recheck… AUDUSD could be in a more pronounced correction lower so keep an eye on the recent 1.0629 low…
GBP/USD Analysis
Closed Monday’s session at $1.5851, having been confined through the session between $1.5844/80 leaving EUR/GBP to track EUR/USD recovery on optimism concerning the result of the Eurogroup Greek debt negotiations.
Gold Analysis
Spot gold has pushed up sharply in Asia this morning on the back of an agreement at last to the EU/Greek debt deal which has lingered for so long. The metal touched highs of $1742.95 in recent trade after opening the session in Asia at $1735.05.
UBS Morning Adviser Europe
Greece Deal Takes Shape After marathon talks which extended well into Tuesday morning, a new bailout deal totally the full targeted EUR130bn was finalised. Most of the deal’s components had been well flagged to the market in advance, but it was the mere fact that negotiations did not fall apart which has helped stabilise sentiment […]