Tag Archives: S&P
Comeback for the greenback. More NOK losses seen.
EUR/USD: Once the 1.3879 support gave way the market acceleratedits decline and continued down to the 2011 top line beforehalted.
FX Daily
The US Philadelphia Fed survey is expected to rebound in March following the sharpdrop in February. The number will give further input to how much activity is comingback and
FI Eye-Opener: Yellen hits the bond market
Bonds took a beating yesterday in the aftermath of the Fed (see more below), while also equities felt pressure. The US 10-year yield ended the day higher by around 10bp,
EUR/SEK is testing support. CAD & CNH are vulnerable.
EUR/USD: Outside 1.3879\1.3948 and after that also beyond1.3834\1.3967 is needed to lead the way out of here. Buthere and now there are no directional leads (but the dailypost-Draghi daily candle pointing lower,
FI Eye-Opener: Greece is coming
Bond yields ended yesterday mostly lower despite gains in equity markets, though the moves were once again rather limited. Intra-Euro-zone spreads mostly narrowed, though Finnish bonds saw some pressure.
FX Daily
The key event today will be the Fed announcement and new projections at 19:00followed by Janet Yellen’s debut as host of the press conference at 19:30.
EUR/JPY should guide the EUR/USD lower. GBP looks weak too.
EUR/USD: The move up from a recent 1.3846 low seems correctionalcompared to the Draghi induced paced move lower from1.3967 late last week.
FX Daily
Focus continues to be on developments in the Ukraine/Russia conflict where theoutcome is still unclear.
FI Eye-Opener: Upside in yields still limited for now
Bond yields rose on both sides of the Atlantic yesterday on relief the Crimean referendum had not led to violence, while the resulting sanctions were perceived soft. Intra-Euro-zone spreads narrowed and equities rallied (S&P 500 up by 0.96%).
Waiting for €/$ sellers. Weaker scandies
EUR/USD: As we failed to break below 1.3846 an upside reaction wereinitiated forcing the pair to give up 78.6% of the precedingdecline.
FX Daily
Focus will be on the reactions to yesterday’s referendum in which the people ofCrimea voted overwhelmingly in favour of joining Russia.
Sell €/$. Buy USD/NOK. Stronger yen in the pipe.
EUR/USD: Yesterday’s up-thrust peak (false break above a well definedtop resistance) outside the Bollinger bands has created anequally high probability bearish setup late Dec.