Tag Archives: S&P
Weaker SEK in the offing and so is a stronger yen
EUR/USD: The pair is just getting whipsawed around inside range.Keep watching 1.3785 & 1.3865 for directional leads.
FI Eye-Opener: Spanish economy rising from the ashes
German yields edged modestly higher yesterday, but US yields continued to fall. The US 10-year yield has descended for four days in a row, though the moves have been quite moderate and
FX Daily
Today’s calendar is fairly light in terms of data releases. In the US University ofMichigan consumer confidence for April is due for release. We expect it to havedeclined to 78.5 from 80.0 in March,
Stronger yen and lower AUD/NZD
EUR/USD: The market remains rangebound. Support near a weeklymid-body point (1.3790) seems solid and upside attemptsare repeatedly responded to. Outside 1.3785\1.3865 isneeded to show a tilt.
FX Daily
German IFO expectations are due for release and we expect a decline for a thirdconsecutive month although the level is set to remain high.
FI Eye-Opener: Dovish Draghi to deliver more soft words
Bonds mostly gained yesterday on both sides of the Atlantic, but the move lower in both the US and German 10-year yields was only about 1bp.
The aussie is an underdog reborn. GBP could give back some gains
EUR/USD: From here, there is a faint near-term upside tilt, but a moveoutside 1.3825/1.3785 would give a better directional hint.Also outside 1.3865/1.3749 would lend a stronger sense ofdirection.
FX Daily
Today focus will be on global PMIs. We forecast euro manufacturing PMI todecline slightly after it peaked at 54.0 in January.
FI Eye-Opener: China not rebounding like it used to
German bond yields expectedly opened higher yesterday, but did not move that much during the day, and the 10-year yield ended the day up by around 2bp.
USD/JPY offers likely at 102.75-103.10
EUR/USD: The short-term picture remains mixed. A weekly mid-bodypoint at 1.3790 is tested. If it holds and the pair is againlifted over 1.3865, recent peaks at 1.3906 & 1.3967 wouldbecome exposed again.
FX Daily
Focus will be on the situation in Ukraine again after the international agreement toavert wider conflict in Ukraine faltered on Monday. Today US Vice President JoeBiden meets with Ukrainian Acting President and Prime Minister.
FI Eye-Opener: Portuguese bond auctions back
US Treasuries took a beating last Thursday ahead of the Easter, and the curve steepened, as economic data (initial jobless claims, the Philadelphia Fed manufacturing index) impressed.