Forex Market
FX DAILY STRATEGIST: Asia – 26 Aug 2011
Has St .Louis Fed’s Bullard let the Bernanke cat out of the bag? We think he may have. Our guess is risk sentiment may not come to too much harm Friday, in which case USD may be back on sale KOF a key release that may harden Swiss resolve to prevent CHF re-appreciating.
FX DAILY STRATEGIST: Europe – 25 August 2011
Risk positive Wednesday despite more poor EZ data, but USD does better on position adjustments Not much to look forward to pre-Friday; German consumer confidence, initial claims of some interest. A mildly positive for risk Wednesday, but which (unusually) saw the dollar firmer on the session. With the key Eurozone data now behind us, the […]
Behavioral Finance: Daily Forex Outlook: What’s new in Lindau?
EUR/USD (1.4405) The US durable goods data yesterday surprised the markets by coming in at 4 percent, twice as high as analysts had expected. However the good news was lodged mainly in the nondefence aircraft orders; without that component the core non-defence capital goods fell by 1.5 percent.
UniCredit EEMEA Daily
News CZ: Positive – S&P upgrades Czech LT foreign sovereign debt by two notches to AA- HU: Negative – June retail sales came in well below market cons at negative 0.5%yoy, in theory would support rate cuts but NBH stays on hold SK: Positive – S&P changes outlook to positive from stable and affirms A+ […]
O/n Wrap, OB & Flow, $Asia and Open Levels
1) Overnight Asia Wrap The main forex pairs were largely tied to fairly muted ranges in Asian trading, with little to break from the recent ranges, as traders await the speech from Bernanke on Friday. USDJPY was tied to a narrow 76.85 to 77.15 range as apparent offers from exporters around the 77.25/30 handle was […]
Daily Forex Outlook: Fundamental data could have been worse
EUR/USD (1.4415) Alan Greenspan gave the EUR/USD market a mild shock yesterday when he announced that ‘the euro is breaking down’. The former Fed chairman suggested that the cultural and economic divide between northern and southern Europe is simply too great, and that the reason the US economy is so sluggish is because of this […]
Preparing for another push in the Yen?
The list of people who think the euro will survive is growing. It isn’t clear whether Alan Greenspan is actually one of them, of course, but his comments about the euro ‘breaking down’ made grizzly headlines yesterday afternoon and overnight.
What matters today (Asia edition)
Developed macro 1. Equity markets appear to have found some strength in the hope that Fed Chairman Bernanke will offer some fresh stimulus. 2. Expect a clear moderation in the German IFO, but no collapse. 3. The French government is expected to announce fresh fiscal consolidation measures today. 4. US July Durable goods orders are […]
Daily Forex Outlook: QE3 or not QE3: that is the question
EUR/USD (1.4370) James Bullard said in an interview published by Nikkei yesterday that he would support a US central bank action if the economy weakens substantially, and especially if deflation becomes a risk again.
FX DAILY STRATEGIST: US – 23 August 2011
EURUSD holds well given decent Eurozone Services PMI Risk on rally likely today though financials/housing could be an obstacle Positioning complicates JPY intervention prospects
FX DAILY STRATEGIST: Europe – 23 August 2011
Better than expected China PMI boosts sentiment, but against a backdrop of weaker financials Weaker Eurozone PMIs to push EURUSD to lower end of the 1.41-1.45 range JPY and CHF to find support on increased risk aversion
FX DAILY STRATEGIST: Asia – 23 Aug 2011
A weak China PMI to leave commodity currencies vulnerable to further downside Eurozone PMIs to push EURUSD to lower end of the 1.41-1.45 range JPY and CHF to find support on increased risk aversion