Tag Archives: S&P
FI Eye-Opener: Correction lower looming for US equities
Bond yields continued to fall yesterday, especially in the US, where the 10-year yield retreated by almost 6bp. US bonds were boosted by a positive 5-year note
CAD should soon weaken again, while the AUD could extend gains
EUR/USD: It’s still a near-term intraday wasteland between 1.3760/50and 51.3880. The ascending 55day exponentially weightedmoving average band still supports but
FX Daily
Today’s data calendar is fairly light in terms of data releases, with the highlight beingUS durable goods orders for February. Durable goods orders declined relativelysharply in
Weaker pound and an annoying USD/SEK “UpThrust” noted
EUR/USD: The market closed the session off the session’s best but stillhigh enough to show some kind of near-term demand – inspite of an earlier in the session break below 1.3766 whichindicated a completed correction higher.
FX Daily
In the data calendar the main event is the release of IFO-business climate. We expecta decline in business climate to 110.8 from 111.3 but yesterday’s weak manufacturingand services PMIs for
FI Eye-Opener: More emerging market worries
Especially German bonds rallied yesterday and curves bull-flattened. The moves were smaller in US yields, where short yields actually edged higher (while longer yields fell). Intra-Euro-zone spreads widened.
EUR & CAD seen weakening, NOKSEK a buy
EUR/USD: The slow rise from the 1.3749 low, the 161.8% Fiboprojection point, has so far followed a corrective path highercreating a bear flag. It is possible that the Friday high at
FI Eye-Opener: New stimulus will not save the day this time?
Bond yields fell on Friday ahead of weekend, while intra-Euro-zone spreads narrowed in the semi-core names. The German 10-year yield ended the day lower by
FX Daily
The main focus will be the release of the flash PMIs. In the euro area we expect thecomposite PMI to have declined slightly to 53.1 in March from 53.3 in Februarydriven by a drop in the manufacturing PMI,
Looking to sell EUR/JPY, NOK/SEK turning up
EUR/USD: After a minor consolidation, a bear flag, the market brokedown to a fresh low, 1.3749. With the market how havingfallen 161.8% of the first, Mar 13-14,
FI Eye-Opener: US data starting to improve
Bonds continued under pressure early yesterday in the aftermath of the Fed, but found demand again later. German yields expectedly ended the day higher, with the 10-year yield up by some 5bp.
FX Daily
On a very quiet day on the data front, markets will continue to digest the news overthe week with a surprisingly hawkish Fed and