Tag Archives: S&P
FX Daily
The key event will be the US employment report for April (14:30 CET). We lookfor a solid rise of 220k in non-farm payrolls,
FX Daily
We see further improvement in ISM manufacturing for April as jobless claimsand regional surveys point to a decent rebound in activity going into Q2.
FI Eye-Opener: Spring inflation
• Euro inflation rebounds, and pressure on the ECB fades • 90d ECB liquidity operation follows the trend and net injects liquidity
€uro a tad softer. SEK sellers seen returning
EUR/USD: After an initial move higher the market fell back and did soin a rather impulsive manner ending the day with a bearishkey day reversal.
FI Eye-Opener: Bumps ahead for bonds
Shorter German bonds rallied yesterday on the back of soft German inflation numbers (see more below), while longer yields ended with rather small changes, as did US yields.
FX Daily
The FOMC meeting tonight should provide few surprises as the Fed tapersanother USD10bn of asset purchases.
USD & JPY are going through soft patches and scandies get a breather Tuesday
EUR/USD: With support at the high end of the Fibo adjusted short-term”Ichimoku cloud” an attempt above 1.3865 is made. A shortterm127.2% Fibo extension ref at
FX Daily
In the euro-area a number of interesting data are due for release. Germany releasesCPI for April, starting with the first Länder CPI at 09:00 CET (Saxony).
FI Eye-Opener: Eonia continues to surge higher
Bond yields rose yesterday on both sides of the Atlantic, more so in the US than in the Euro zone. Curves saw some steepening pressure. Intra-Euro-zone bond spreads mostly widened.
Weaker SEK & EMs, lower USD/JPY and possibly higher EUR/GBP
EUR/USD: Nothing new. 1.3785 or 1.3865 has to be broken to show atilt.
FX Daily
We get a quiet start to a very busy week. Only release of interest today is the USpending home sales for March, which normally leads existing home sales by one totwo months.
FI Eye-Opener: Tensions building
Especially German bonds rallied on Friday in a flight-to-quality move, curves bull-flattened, spreads widened and equities took a beating.