Tag Archives: S&P
EUR/SEK & EUR/NOK should both be bought on dips
EURUSD: Thursday’s peak at 1.3644 (basically 78.6% of the precedingdecline) has raised confidence for
FX Daily
The main focus today is euro PMIs. We expect the manufacturing PMI to declinefurther due to the lagged effect of the global slowdown in Q1.
FI Eye-Opener: Good news from China
German bond yields edged higher on Friday, while longer US yields ended the day slightly down.
FX Daily
A pretty light day today in terms of data, with the only release of interest beingpreliminary euro area consumer confidence (16:00 CET),
FI EYE OPENER: EUR swaps with new record lows
Wednesday’s FOMC meeting continues to cast a shadow over rate markets yesterday.
Eyes on EUR/NOK 8.20 and the NB Verdikt. EUR/USD tests resimtance.
EUR/USD remains stuck in the 1.3512\1.3588 range. USD/JPY is likely done correcting higher. This turns focus back on 101.72, 101.60 & 101.43.
FX Daily
Today markets will probably continue to digest details from yesterday’s FOMCmeeting as the schedule mainly contains tier 2 data, although rate decisions in Norwayand Switzerland will also be in focus.
FI Eye-Opener: Fed not ready to turn more hawkish yet
Bonds rallied on both sides of the Atlantic yesterday, as the messages in the Bank of England minutes and
Look for confirmation of a correctional low in GBP/USD
EUR/USD remains stuck in the 1.3512\1.3588 range. A correctional GBP/USD low is likely not far off, possibly already at 1.6938/22.
FX Daily
The Fed will take centre stage today with its statement, new projections and pressconference by Fed chairman Janet Yellen.
FI Eye-Opener: Connecting the dots
Bonds took a beating and curves bear steepened yesterday on the back of an upside surprise in US inflation (see more below).
AUD/NZD about to test key support at 1.0750
EUR/USD over 1.3586 would target at least 1.3621… GBP/USD could re-test 1.6922 before turning higher again – then with focus on 1.7025\44…