Tag Archives: S&P
FI Eye-Opener: Flight-to-quality dominating
Core bonds rallied in earnest yesterday, curves bull-flattened further, intra-Euro-zone spreads widened and equities took a beating.
FX Daily
Focus will remain on Ukraine where Crimea’s referendum to join Russia will takeplace on Sunday. The referendum is expected to be in favour of joining Russia,
Weak USD. EUR/GBP upside progress. Kiwi testing next resistance
EUR/USD: Correction completed and a fresh high added and bulls aresmiling – and may do so for a while yet since ~1.40 lieswithin reach before stretching it again.
FX Daily
In the data calendar the main event today is the release of February retail sales in theUS. We expect headline retail sales to rebound 0.3% m/m on the back of a very weakJanuary where bad weather weighed on consumer spending.
Weaker GBP, AUD, CAD, PLN & CNH, stronger NZD and possibly SEK
EUR/USD: In this near-term timeframe the decline looks correctionalcompared to the impulsive lift, testing 1.3915 last week.Acceleration through supports at 1.3834/26 is needed to think otherwise.
FX Daily
There are a number of speeches from ECB board members today in connectionwith the ECB’s Watchers conference.
Weaker GBP, PLN & TRL (& soon also CAD), stronger NZD & Bunds
EUR/USD: Judging by price action it could be a top forming, arguing fora 1.3825/1.3797 test before long. This would be more likelyon a break under 1.3852.
FX Daily
We have a light data calendar again today with only second tier releases such asmanufacturing production in the UK, revised Q4 GDP in Italy and small businessconfidence in the US of secondary importance.
FI Eye-Opener: China causing some worries again
Bonds started the new week with some gains yesterday. The German 10-year yield fell by some 3bp, while the drop in the corresponding US yield was a more modest bp.
FX Daily
Today’s data calendar is relatively light. France and Italy will release industrialproduction for January and provide important input on the direction of the overalleuro area industrial production data to be released on Wednesday.
AUD & CAD turning down. NOK/SEK eyeing 1.0640.
EUR/USD: The trend line break continued to attract buyers on Fridaypushing the pair up to 1.3915 before stalling and giving upsome of the latest gains.
FI Eye-Opener: Cautious tone to pressure rates today
Long US and German bond yields edged higher after the better than expected US payrolls increased again the bets that the US economy is still on track and the Fed will continue tapering as planned.