Forex Forecast
FX DAILY STRATEGIST: Europe – 14 June 2011
Chinese data eases fears of sharp slowdown. Europe headed towards deal on Greece says EUR and risk to remain bid – but beware disappointment: play though options. US retail sales to reaffirm slowdown in economy, but will not support USD today.
FX DAILY STRATEGY Asia – 14 June 2011
Chinese inflation may come in higher than expectations, but IP will be important in indicating a slowdown We still like short EURCHF as the divergence of opinions over Greece lingers on US retail sales will likely reaffirm slowdown in economy
FX DAILY STRATEGIST: Europe – 13 June 2011
Make-or-break week for EUR; but does agreement come too late to save risk appetite? S&P500 at 1250 the tipping point — where capital preservation trumps return for investors, supporting USD We still like short EURCHF; now long USDSEK too.
China: Policy tightening working
May new lending and money supply growth surprised consensus to the downside, reconfirming that intensive quantitative tightening measures imposed since last October are filtering through. That said, it’s still too early for Beijing to ease up.
FX DAILY STRATEGIST: US – 10 June 2011
Open disagreement on Greek restructuring suggest more choppiness to come China trade suggest at worse modest slowdown UK ‘stagflation’ data to heat up the BoE QE2 debate
QE3 -” will they, won’t they” – HSBC economist/analyst views
The market is split over whether or not the Fed will activate another quantitative easing programme. To try and clear up some of my queries I deferred to those smarter than I and canvassed our analysts in economics, rates strategy and asset allocation. It seems reaching a consensus will be difficult. Please see below for […]
We are expecting soft UK data today
IP Data UK industrial production has weakened noticeably since the start of the year and, although this has mainly reflected trends in extraction industries, manufacturing production has also grown little since January.
FX DAILY STRATEGIST: Europe – 09 June 2011
Trichet’s message key for euro Wednesday, but we look to fade any knee jerk rally on ‘vigilant’. Last Friday’s Greek-deal optimism looking like a distant memory – we still favour EURCHF shorts With risk pressured, yen crosses – AUDJPY in particular – remain vulnerable.