Tag Archives: BUND
Weekly Economic & Financial Commentary
U.S. Review Yellen at the Senate, While Weather Still Skews Data • As expected, GDP growth was revised lower, reflecting a slower build in inventories, a weaker trade position and a more cautious consumer.
JPY strength. USD/CNH peaking? EUR/SEK higher.
EUR/USD: The pair initially fell down to a 1.3643 low to completed anhourly five wave pattern down from the recent high point.The following bounce,
FI Eye-Opener: Yellen helps stocks to record
Bond yields dropped yesterday more so in Europe than in the US. The 10-yr Bund yield dropped 5 bps to 1.56% the lowest level since July last year.
€ takes a beating. USD/CAD higher. AUD/NZD down.
EUR/USD: With the break of 1.3708 the triangle scenario was abortedcalling for a slightly premature peak to have been set. Thefollowing violation of 1.3684 has further enhanced theprobability of a top been put in place.
FI Eye-Opener: German bund yield about to break lower
Safe haven yields edged clearly lower yesterday as the tensions in Ukraine intensified when Russia put troops on alert near Ukraine. The markets shrugged off the poor German auction and
USD/CHF a buy? NOK buying drying up
EUR/USD: The past week’s inactivity has created a contracting range, abull triangle and as such the best fitted move will be a breakto the topside.
FI EYE-OPENER: Rates retreat yet again
The turmoil in Ukraine has now – mercifully – moved on to the financial aspects. Yesterday saw a delay in selecting a national unity government (selection will be Thursday instead) which is a prerequisite for EU and
USD/CAD in the buy zone. USD/TRY higher.
EUR/USD: With the slimmest of margins the market failed to take outthe 1.3774 resistance and completing a five wave advance.
EUR/SEK downside correction, bonds in demand
EUR/USD: Last week ended with the highest weekly close of the year(and a third consecutive weekly winner). Together with thebreak above 1.3732 the behavior suggests more topsidepotential near term and
FI Eye-Opener: Is Draghi ready to move?
Bond yields fell on both sides of the Atlantic after somewhat choppy trading. The 10-yr US yield dropped to 2.72% and the Bund ended the day at 1.66% and curves flattened marginally.
Weekly Economic & Financial Commentary
U.S. Review Weather Effects Continue to Influence Economic Data Housing starts plunged 16 percent in January to an 880,000-unit pace. Building permit activity also declined for the month but not as sharply.
EUR/GBP higher, USD/NOK buy the dip, EUR/HUF
EUR/USD: It is currently impossible to tell whether we now have apremature (should have been above 1.3774) peak at hand orif the 1.3774+ move still is lurking.