Tag Archives: S&P
SEK weakness likely to pause. US equities hard hit
EUR/USD: The break of 1.3877 triggered the stop of our TA sellrecommendation posting a 0.12% loss. The only remainingline of defense, before making a new high, is the 78.6% Fiboresistance at 1.3905.
FX Daily
The main release will be US consumer confidence for April from University ofMichigan. We expect it to be unchanged at 80.0.
FI Eye-Opener: Bye, bye, Finnish AAA?
Bonds rallied big-time yesterday in the aftermath of dovish Fed minutes and disappointing Chinese data. German 10-year yield plummeted by some 5bp, the corresponding US yield by 4bp.
Eroding dollar support. More SEK weakness
EUR/USD: The break of 1.3821 sent the pair higher to 1.3871, just awhisker away from our 1.3877 stop (to the bearish Mar 14call).
FX Daily
Another day with few releases of interest on the global scene. French industrialproduction is expected to rise moderately by 0.2% m/m in February underlining aslow French recovery.
FI Eye-Opener: Listen to what we say, not what we forecast
German bond yields edged higher yesterday, while intra-Euro-zone bond spreads narrowed outside the semi-core. Especially Greek bonds rallied on the prospect of a successful new bond launch.
JPY buying taking a pause (but there’s more to come)
EUR/USD: Monday’s rally continued also yesterday with the marketrising back above the 2008 trend line threatening the 1.3821resistance.
FX Daily
Another quiet day on the global agenda. FOMC minutes tonight might beinteresting given the upward adjustment to the Fed rate projections at the Marchmeeting.
FI Eye-Opener: Greece about to enter the market
German bond yields edged up yesterday after the drop in the previous days, but US bonds continued to perform. The German 10-year yield ended the day up by some 2bp,
USD/JPY testing important support near 102.70
EUR/USD: The par was refused more than a blip below the Fiboadjusted short-term “Ichimoku cloud” Fri and there wassome bullish follow-through yesterday too. This pointtowards 11.3775 before down.
FX Daily
There are no big market movers today. The UK releases industrial production forFebruary, which is expected to show a moderate rise of 0.3% m/m.
FI Eye-Opener: No jumping the gun on QE
After some initial weakness, longer German bonds ended the day with small gains, as there were signs things could heat up in Ukraine again. Intra-Euro-zone bond spreads corrected wider,