Tag Archives: BUND
FI Eye-Opener: US data sending some conflicting signals
After some early gains, bonds ended the day with losses yesterday on both sides of the Atlantic. The German 10-year yield rose by 3bp, while the corresponding move up in the US was around a bp.
Sell CAD – buy JPY. Buy €/SEK on a 8.90/91 dip
EUR/USD: With an hourly three wave decline, 1.3774 – 1.3725, the pairis poised for making at least one more high before endingthe current phase.
FI Eye-Opener: Fed not concerned by recent data development
Bonds rallied early yesterday, but the direction turned later in the day, partly in response to Fed minutes (see more below). German yields ended the day slightly down,
Technical Alert: Strong euro, weaker dollar, krona (and possibly also the pound)
EUR/USD: Violation above a Jan peak at 1.3740 is a short-term bullishlead. The move is not stretched and is seemingly working itsway through an “Equality point” at market.
FI Eye-Opener: Weather argument will not work indefinitely
Bonds rallied yesterday on the back of disappointing US economic data, though the moves especially in Europe were not that big.
USD/JPY contesting resistance (102.85) & possible GBP/USD reversal
EUR/USD: Directional indications are weak inside 1.3562 & 1.3740, buta move back under a Feb11 high of 1.3683 would anyway beof some interest.
FI Eye-Opener: Renzi’s ambitious timetable unlikely to hold
German bond yields edged slightly higher yesterday, but trading volumes were expectedly very subdued due to the US holiday.
NOK/SEK still liked higher. USD/CAD ending reaction?
EUR/USD: An attempt to put a peak in place Friday afternoon hastoday been replaced by renewed buying hence keeping the1.3740 resistance in the crosshair.
Weekly Economic & Financial Commentary
U.S. Review Monetary Policy: Continuity—For Now · In her testimony to the Congress, the new Fed Chair called for continuity and
Continued yen buying. Watch cable resistance
EUR/USD: Yesterday’s attempt to trace out a peak was proven wronggiven the break of 1.3655. The minimum target for thefollowing move, 1.3684+, has been fulfilled however the risedoes so far look incomplete.
FI Eye-opener: Italy at it again. New PM but any changes?
Bond yields dropped somewhat yesterday triggered by weak US retail sales and in the early evening the news that Italian premier Letta is resigning.
Sell AUD – buy JPY. NOK/SEK liked higher.
EUR/USD: The corrective bounce from yesterday’s low point isexpected to turn down from the 1.3620/30-area and shouldaccordingly be sold with a stop above 1.3655.