Forex Market
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.
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 […]
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 […]
FX Daily Strategist: Europe
EUR short covering rally gathers momentum, but SEK and NOK the G10 stars Thursday ostensibly counts as another positive day for risk, but was hardly convincing in this role, with US equities posting only minor gains into the close. NZD and AUD failed to retrace all of their falls post CPI and employment data respectively, […]
Behavioral Finance: Daily Forex Outlook : Where is the argument?
EUR USD (1.2965) Television cameras were in the debt management office of the French Treasury during yesterday’s auction of five-year paper. The managers struggled to control their delight at the robust demand and at the yields, which were almost 100bp lower than last November.
UniCredit EEMEA Daily
News RO: Positive – MinFin sold RON 436mn 5Y T-Bonds: avg. yield 7%, bid/cover 3.2 (p2) PL: Hawkish – Dec IP rose by 7.7% yoy / Dec PPI came in at 8.1% yoy (p2)
Technical Analysis
Euro short covering continued to dominate the scene also yesterday (Spec pos short euro trimming?). Dollar index eyeing the 79.00/50 buy area, rechecking and validating its neckline, EURSEK continues to trade lower and is eyeing the 2011 low 8.6990,
GBP/USD ANALYSIS
Closed in NY at its range highs of $1.5490, with rate holding gains into Asia, extending the topside to $1.5497 but strong resistance toward $1.5500 capped upside progress. Rate traded the overnight session within a tight $1.5478/97 range, opening Europe around $1.5490.