Tag Archives: S&P
FI Eye-Opener: Bills with negative return back
Core bonds rallied further early yesterday on geopolitical concerns and equity weakness, but the moves moderated towards the evening.
JPY on a strengthening path, EUR/NOK downturn
EURUSD: Friday’s attempt higher ended already at the 1.3580resistance with a relatively impulsive decline.
FI Eye-Opener: Negative overnight rates around the corner
German bonds continued to perform on Friday, and the curve bull-flattened, while US yields edged slightly up. Intra-Euro-zone spreads narrowed mostly, but the moves were not huge.
FX Daily
Focus this week will be on the FOMC meeting on Wednesday. The markets will belooking for signals as to the timing of the first rate hike,
€uro comeback? AUD/NZD resumed its downtrend.
EURUSD: The return back inside the 55d Bollinger bands is yetanother sign that a short term development should be amove higher.
FI Eye-Opener: China with a positive surprise for a change
Core bond yields tried higher again early yesterday, but in the afternoon weak US retail sales (see more below) gave bonds a boost again.
FX Daily
Today’s data calendar is relatively light with focus likely to stay on US data. In linewith consensus expectations,
Stellar post-RBNZ kiwi move!
EURUSD: Outside 1.3522/59 needed for direction. Do nothing inside 1.3522/59, but go with the flow on a break, either for return to the post ECB-flow of 1.3503 and
FX Daily
In the US we expect growth in retail sales to have remained relatively subdued in Mayas less boost from weather-related pent-up demand probably continued to weigh a bit.
FI Eye-Opener: Too little Fed tightening in prices
Yields headed higher early yesterday, but profit taking in the equity markets finally pushed yields down, though only marginally.
Stronger yen, lower cable and a NOK/SEK setback
EURUSD: After yesterday’s decline (and close below 1.3586) it is clearthat last Thursday’s spring bottom was unable to attractbuyers enough to sustain the move to 1.3734/50.