Forex Market
UniCredit EEMEA Daily
News CZ: Neutral – Govt sold CZK 6.7bn of CZGB 3.85/21: bid/cover 2.3, avg yield 3.864% (p2) LT: Negative – Govt nationalizes Snoras Bank – the country’s fifth largest bank (p2) TK: Negative – Oct Consumer Confidence Index dropped to 89.7 (p2)
FX DAILY STRATEGIST: Asia -17 November 2011
Markets lose further ground by end of US trading day Focus on peripheral Europe and an announcement from a ratings agency managed yet again to keep risk appetite depressed. US equity markets as well as the FX markets pushed lower after a report by Fitch that eurozone contagion poses a threat to the outlook of […]
What matters today (Asia edition)
Developed macro 1. Contagion from the eurozone debt crisis is spreading quickly, threatening to turn a regional crisis into a global crisis 2. UK retail sales expected to contract in October 3. US housing starts in October likely retraced 7.3% to 610K .
FX Markets Today – National Australia Bank
At 1.3525 and 1.0150, respectively, both the EUR and AUD are around a cent above yesterday’s lows (a five-week low in the case of the single-currency).
Barclays FX Desk Wrap-up – 16 Nov 2011
Apart from the development tick by tick in Italy and the formation of the new government, today was a UK day.
Russia flows and eod
FX basket was a stubborn creature, trading all day within 35.55/65 range on pretty thin flows.
UniCredit EEMEA Daily
News BG: Mixed – 3Q GDP growth slows to 1.3% yoy / C/A surplus widens to 3.9% of GDP (p2) LV: Positive – Govt. approved additional set of fiscal consolidation measures worth LVL 29.1mn to fulfil IMF requirements (p3) RO: Positive – 3Q GDP grew 4.4% yoy (p3) SK: Positive – 3Q GDP grew by […]
European FX Daily – USD rallied as risk sell-off resumes
– USD rallied, Asian equities down 0.5-2.4% – BOE inflation report is likely to support further QE – US industrial output likely rose in October, but limited impact on risk
As bond market contagion spreads across Europe, the euro is in danger
Stops were broken in EUR/USD once 1.35 broke in the middle of the night. That’s a repeat of what happened 24 hours earlier as we made our way through 1.36. The euro’s resilience in the face of the crisis enveloping Europe, is in danger of collapsing. Technically, the break of 1.3485 opens the way for […]
European FX Daily – Risk sentiment hit by political road blocks in Europe
– NZD leads sell-off vs the USD, Asian equities flat to down 1% – Euro area GDP growth likely higher in Q3, but limited impact on the EUR – US retail sales are likely to surprise lower
Behavioral Finance: Daily Forex Outlook: The ECB cannot be taken out of the loop
EUR/USD (1.3600) Friday’s relief rally induced by the formation of Italy’s technocratic government proved short-lived. As the 6.29% yield on Monday’s auction of Italian five year bonds shows, investors perceive that even with a new government, the political playing field might not have changed enough to push through austerity reforms and contain near-term contagion.
FX Daily Strategist: Europe London: 14 November 2011
Did Happy Friday pre-empt a Happy Monday? On Thursday we noted the risk of a series of fortunate evidence in Italy that could conspire to produce a decent risk rally on Monday – the Senate and lower house passage of the austerity/reform bill, the resignation of Silvio Berlusconi, an announcement that Mario Monti has been […]