Tag Archives: BUND
Stellar post-RBNZ kiwi move!
EURUSD: Outside 1.3522/59 needed for direction. Do nothing inside 1.3522/59, but go with the flow on a break, either for return to the post ECB-flow of 1.3503 and
FI Eye-Opener: Too little Fed tightening in prices
Yields headed higher early yesterday, but profit taking in the equity markets finally pushed yields down, though only marginally.
Stronger yen, lower cable and a NOK/SEK setback
EURUSD: After yesterday’s decline (and close below 1.3586) it is clearthat last Thursday’s spring bottom was unable to attractbuyers enough to sustain the move to 1.3734/50.
FI Eye-Opener: Credit risks forgotten again
Yields continued to climb on both sides of the Atlantic yesterday, more so in the US than in Europe. The German 10-year yield edged higher by about 2bp,
EUR/JPY could guide EURUSD lower. NOK/SEK trades higher
EURUSD: Sideways with a downside tilt. Buying above 1.3678 never materialized yesterday. The market instead went into a low session close after constant grind lower through the day.
FI Eye-Opener: Sounds of Silence
Asian stock markets mixed. Further intra-Euro-zone spread narrowing. Today industrial production numbers and ECB refinancing operation results. Auction action starting.
€uro rebound seen continuing
EURUSD: Thursday’s spring bottom and key day reversal shouldcontinue to underpin upside attempts and
FI Eye-Opener: ECB rates to remain close to zero for an extremely long period
The huge bond rally continued in the Euro zone on Friday. The German 10-year yield plummeted by another 5bp,
Weekly Economic & Financial Commentary
U.S. Review No Spring Swoon Going into June • Payrolls added 217,000 workers in May, recouping all of the jobs lost during the recession, while the unemployment rate remained at 6.3 percent.
EUR/USD targets 1.3734\50 before down & EUR/SEK moves to 9.1375
EUR/USD is targeting 1.3734\50 before down… USD/JPY is testing support at 102.20/11… A bullish GBP/USD candle just added shows demand…
FI Eye-Opener: ECB delivers, will payrolls?
The ECB delivered its easing package yesterday (see more below), and the initial market reaction was higher long yields, a steeper curve, a rally in peripheral bonds and a weaker euro.
USD/JPY correction target met, NOK/SEK @ support
EURUSD: Given that we don’t now the outcome of today’s ECBmeeting we have to act on what Mr. Market is telling us.