Tag Archives: S&P
FX Daily
A quiet start to a quiet week. German industrial production for February is the mainrelease today and is expected to rise 0.1% m/m following a strong increase of 0.8%m/m in January.
FI Eye-Opener: QE expectations with more room to intensify
Bonds rallied on Friday on both sides of the Atlantic, as the US payrolls report (see more below) failed to impress. The US 10-year yield plunged by almost 8bp,
Signals for a stronger yen. AUD/USD close to target
EUR/USD: The break of 1.3698 brought us down to a new cycle low butthere wasn’t enough supply to push prices down to the1.3643 key support.
FX: let’s talk QE, EUR
There has been guessing and hinting about ECB doing QE. This is not our baseline, but what if – how will EUR react? Will this time be different, why?
Dollar continues to be in demand. SEK weaker.
EUR/USD: The break, however not yet sustained, of 1.3704 has furtherenhanced our bearish view calling for more selling to soontake place. Short term there will be some further consolidation in
FX Daily
The US employment report for March will be published later today. Uncertainty isquite high given recent distortions from the bad weather. However, we look for adecent report of 195,000 and
FI Eye-Opener: Draghi’s worst fears becoming reality
Bond yields edged lower yesterday, as Draghi’s dovish words had some effect (see more below), though the moves were rather small in core yields. The German 10-year yield, for example,
FX Daily
Today’s main event will be the ECB meeting. The probability of immediate easingfrom the ECB has declined as indicated by statements from vice presidentConstancio that “the low figure of inflation in
Dollar and NOK/SEK liked higher
EUR/USD: The past three days has developed into a relatively bearishpattern with each day printing a marginally new high beforefalling back and closing below the 2008 top line.
FI Eye-Opener: Inaction to lead to some action
Bond yields continued to climb yesterday on both sides of the Atlantic, as hopes grew that the US labour market recovery would be picking up again. Curves bear-steepened, while the 10-year spread between
USD/JPY is higher than previously thought, but resistance is still there
EUR/USD: The near-term move up from the recent 1.3704 looks farfrom impulsive, but could still test the 21day equilibriummeasure at 1.3835 before down.
FX Daily
We have a light calendar in terms of data releases and markets could be in wait-andseemode ahead of the ECB meeting tomorrow and the US job report on Friday.