Tag Archives: S&P

FI Eye-Opener: Towards the exit?

Longer German bonds rallied on Friday, supported by disappointing US payrolls data,

EURUSD: EUR/USD is digesting the post-ECB slump. Will stretches prevent a 1.2905 test? USD/JPY at a fresh yearly high!

Focus is on the US labour market report for August. We look for a positivesurprise with a solid increase in non-farm payrolls of 260,000

Short German bonds rallied, curves steepened and spreads crashed after the ECB announced another easing package.

EURUSD: We probably have to pass today’s main event, ECB, beforeany major move will take place.

Main event is the ECB meeting. We do not expect rate cuts or QE in connection withthe meeting but all options are expected to be left open.

German bond yields continued to rise yesterday on the back of reports of a cease-fire in Ukraine,

EURUSD: EUR/USD should give something back. Correctively target 1.3145\53 before down.

Euro-area service PMIs are due for release and focus will be on the first figure forSpain and Italy.

Bonds took a beating and curves bear-steepened yesterday on both sides of the Atlantic yesterday,

EURUSD: Price action may have muted yesterday, but direction remains quite clear.

Focus will be on the US ISM report. Last month’s report came out very strong,reaching a three-year high level of 57.1.