Tag Archives: BUND
Adjusting to Fed tapering
Big Picture: Asset markets have corrected recently and it has been very difficult for investors to find a hiding place apart from cash, as equities and bonds have sold off,
AUD & NZD gapping lower. SEK & NOK seen sliding
EUR/USD: Encouraging signs of possible peak, but as long as holding above the mid body point of Thursday’s candle, 1.3170,
Weekly Focus: Europe delivers the good news
Market movers ahead • We believe US retail sales advanced at a decent pace in May. Furthermore, we look for a marginal increase in the University of Michigan survey.
More JPY strength, higher €/scandies
EUR/USD: The minor “up-thrust” didn’t play out as expected, on the contrary an impulsive rise took place pushing the pair through most of the resistances.
EUR/SEK could push into fresh highs & USD/JPY into fresh lows
EUR/USD: The pair was yesterday allowed to slip through a micro-term “Double-top” with a mere 10pips, before closing back in range.
Downside pressure in USD/JPY
EUR/USD: The market is still in a short-term climb with only shallow reactions mustered on attempts above 1.31.
AUD/USD could correctively test >0.98
EUR/USD: Near-term price action is more bullish than bearish but short-term tools are mostly neutral after the best fit bearish wave count was overruled Fri (>1.3033).
Scandies and CAD seen weaker
EUR/USD: The move above the 55d ma was soon rejected as the market made a u-turn exploring the downside. A late bounce however left us with a downside spike and
Weekly Economic & Financial Commentary
U.S. Review Softer Consumer Spending to Start Q2 • The second look at Q1 GDP growth showed little change from the first release.
Weekly Focus: Fed exit moving closer
Market movers ahead • We expect the ISM manufacturing index and the employment report to show improvement in the US economy and the US labour market.
€/$ surprising rebound. EM’s big losers ag. both $ & €
EUR/USD: The break above 1.2991/3013 was not what we had in mind calling for a turn lower yesterday.
Stronger JPY underway, NOK/SEK seen lower
EUR/USD: The (wave e) bounce from the lower boundary of the triangle became more impulsive than normally is the case with e-waves (tends to be weak ahead of a forthcoming break).