Forex News
A bad day for Angela
Post-payroll press conclusion: awful. Actually, with everyone revising forecasts lower the data weren’t an earth-shattering surprise. But still, an awful summer of economic data around the world ended on a bad note. Now the real business starts – Labor Day and back to school spending, with depleted real incomes and rock-bottom consumer confidence. And decreasing […]
Americas FX Daily – Euro stress rises into weekend
What happened overnight – Reports indicate stress in IMF/EU talks with Greece – Greece denies disagreement with EU – Italian yields continue to rise, 10-year back above 5.2% – UK construction PMI weaker than expected
European FX Daily – Focus on payrolls
– FX traded sideways, Asian equities down 0.2-1.5% – US non-farm payrolls likely to surprise lower What to watch for today USD: Payroll to disappoint? Our economists expect today’s non-farm payrolls report to continue the recent run of “bad-but-not-necessarily-recessionary” data. They forecast below consensus prints of +5K for the headline payrolls number and +40K for […]
FX DAILY STRATEGIST: Europe – 02 September 2011
– All eyes on US employment report; an upside surprise could result in a risk-off reaction Better than expected data out of the US left markets trading with a risk off tone, although commodity currencies continue to trade well. Consensus was looking for ISM manufacturing to fall into contraction territory, but it managed to hold […]
FX Daily Strategist Asia – Thu Sep 1
JPY stronger on fixing demand, BoJ spent Y4.51tn on August 4 Month-end fixing flows and the risk of being whipsawed acted as a deterrent to position taking Wednesday. In the event, the JPY was the recipient of most attention, USDJPY running up into the 4pm London (WMR) fix only to drop 40 points immediately in […]
UniCredit EEMEA Daily
News HU: Mixed – AKK sells HUF52.5bn HGB, demand for shorter paper strong, weaker for the long end RO: Mixed – RON226mn 10y ROMGB sold at 7.59%, TK: Mixed – Aug industrial confidence drops sharply, CU held up well
FX Daily Strategist Europe – 26 August 2011
Has St. Louis Fed´s Bullard let the Bernanke cat out of the bag? Our guess is risk sentiment may not come to too much harm Friday, in which case USD may be back on sale, AUD to outperform KOF a key release that may harden Swiss resolve to prevent CHF re-appreciating
O/n Wrap, OB & Flow, $Asia, Open lvls and Data recap
1) Overnight Wrap Another quiet session here in Asia ahead of Bernanke’s speech at 1400 GMT. Players remains sidelined with position adjustment to continue. Short squeeze in risk pairs, AUD and Euro in particular, were seen early in the morning . Real money reported buying Audusd before market open below 1.0450.
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.
US: Initial Jobless Claims – Pushing Higher
Initial jobless claims were higher than expected with 417k claims for the week ending 20 August. The previous week’s number was revised up a touch to 412k from 408k. Initial claims have been reported at or above 399k for 20 straight weeks now.
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 […]
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+ […]