Forex News
FX Daily Strategy Asia – Thursday June 30
Commodity/risk currencies outshine EUR-positive impact of Greek Budget vote. Still plenty of event risk ahead, but AUD and CAD can go better if no big hiccups, EURCHF also seen higher.
Global Technical Watch – Quick Charts (Jun 30)
With the end of QE2, month-end and quarter-end approaching, the selling and break lower in US Treasuries highlighted earlier this week have catalysed a change in behaviour across several assets.
Technical Analysis – FX Daily Majors
Today’s highlights: · EUR/USD: Mini-base secured through 1.4422, but above key “triangle” resistance at 1.4537 needed for a more bullish signal and better recovery
EUR$ traders thoughts post vote
STUART SCOTT : EURO Thoughts – A key short term trend indicator that has become a bit of a favourite is the 4 vs 12 DMA … We are very close to crossing over in EURUSD which would suggest that a short term bullish trend will ensue .. However my not unsubstantial gut tells […]
UniCredit EEMEA Daily – June 29
RO: Positive – Unemployment rate drops further to 5% at end-May (p2) Today’s Events HU: May Unemployment / KZ: 1Q GDP, KZT 13bn floating rate 2020 GB auction / LN: Consumer confidence / PL: 1Q C/A / RO: Policy Rate announcement / SRB: 53W RSD 20bn t-bill issue / RU: RUB 20bn 2015 and RUB […]
HK Overnight Wrap, Orderbook & Flow and USD/Asia run
HK Overnight Wrap Very quiet Asian session as the market seemed to have been chopped out of most short term positions overnight and now sitting tight and waiting for the headlines and voting to start from Greece.
UK MPC’s Tucker pushes against more QE
BoE deputy governor and MPC member Paul Tucker confirmed today that he is at the hawkish end of the no-change camp on the committee. Giving testimony to the Treasury Committee, Mr Tucker said he did not want the impression to be taken that the MPC was drifting uniformly in the direction of increasing the amount […]
FX DAILY STRATEGIST: Europe – 28 June 2011
FX to remain highly skittish/low flow ahead of Wednesday EURUSD and EURCHF downsides look the more vulnerable barring clear signs Greek Budget will pass USDJPY topside resistance above Y81.00 could be reinforced by strong IP data Wednesday.
UK DATA WEAKNESS
UK data. The drop in the savings ration from revised 5.1 to 4.6 being highlighted amongst the UK data there. GBP not markedly lower (1.5965) but quite clear what Bloomie thinks of it.
Any thoughts for the day?
Very quiet start. Mkt reluctant to buy EUR despite better GfK data. We’re thinking a lower GBP from here, maybe GBPCHF the trade to take out the USD lottery.
UniCredit EEMEA Daily – June 28
News RO: Positive – budget deficit shrinks to less than 1.4% of projected GDP (p2) KZ: Neutral – Money base shrinks 2.2% mom (-1.0% momsa) (p2)
Awaiting Greek votes on Wednesday and Thursday, then ISM and a US holiday
A revised agenda for the Greek parliament, with the MTFS discussed today but not voted for until Wednesday afternoon, prolongs uncertainty and will only add to the current erratic behaviour of markets.