Forex News
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 […]
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 […]
UBS Sales Desk: Sell Calendars For The SNB
Investors who expect the SNB to raise the EURCHF floor at next month’s meeting should consider selling calendars to take advantage of the disconnect in skew,
UniCredit EEMEA Daily
News CZ: Negative – Sept retail sales dip 0.5% yoy (p2) LT: Positive – Govt launches 10Y Eurobonds tap / Oct CPI comes in at 4.2% yoy (p2) LV: Neutral – IMF and Government hold talks on fiscal consolidation in 2012 / Oct CPI comes in at 4.4% yoy (p2)
European FX Daily – Berlusconi to resign, Papademos to be Greek PM
– Berlusconi pledge to resign supports risk – Chinese inflation fell to 5.5%yoy in October – National Bank of Poland to keep policy rate on hold at 4.5% – Bernanke’s speech today is unlikely to surprise
LCH raises charge on Italian bonds from close today
*LCH CLEARNET SA LIFTS CHARGES ON ITALIAN BONDS FROM CLOSE TODAY Market tried to sell EURO’s on this yesterday (later denied) so may try again on the open here at 1.3800 level
FX DAILY STRATEGIST: Asia – 09 November 2011
Berlusconi promise to resign; markets give one cheer but pressure unlikely to come off BTPs In the wake of the approval of the 2010 Italian budget report but without a majority of Italian MPs supporting the motion due to the number of abstentions, the euro bounced after President Napolitano announced that PM Berlusconi has offered […]
What matters today (Asia edition)
Developed macro 1. French government announced additional austerity measures aimed at bringing EUR17.4Bn in the period until 2016, from which EUR7Bn as soon as in 2012. 2. Italian government faces an important technical vote on 2010 Budget today.
“Bits” Mon: Unity Govt for Greece, Another 2011 G20 Meeting?, European and US Views, German Tax Cut, Wen on Property and More…
Last (%ch) S&P Fut: 1249.2 (-.15%) O:1255 H:1259 L:1246.8 Fri S&P: 1253.1 (-.6%) O:1260.8 H:1260.8 L:1238.9 UST yld (12hr bps ch): 2y 0.22% (0.00) 10y 2.06% (0.03) 30y 3.12% (-0.03)
FX FLOW ON THE LDN OPEN…RISK OFF…BUT IT HOLDS WELL
We have seen some pretty strong selling in RISK on the open this am…but we are not able to break prev lows. AUD 1.0200 being watched and 1.3650 in EUR.
What matters today (Asia edition)
Developed macro 1. Eurozone politics continue to dominate. The new coalition government will buy Greece more time, but political risks are still running high. 2. The other focal point is Italy where the shaky government faces bond issuance and a new vote on the 2010 budget this week – according to most observers, it may […]