Tag Archives: S&P
OZ more upside potential, EUR/NOK bullish turn
EUR/USD: The break above 1.3782 certainly got the bulls chargingahead breaking and closing above the 2008 top line as wellas outside the 55d Bollinger bands.
FX Daily
The main release today is US non-farm payrolls. We look for a rise of 145,000 but theestimate is extra uncertain currently due to the weather effect.
FI Eye-Opener: Another blame it on the weather day?
Bond yields rose yesterday as equities were well bid, jobless claims were better than expected and the ECB disappointed some investors by not looking extremely dovish. In the US,
FX Daily
The ECB meeting will be the main event today and we expect the ECB to ease policy. On Monday, ECB president Mario Draghi told the European parliament that thecurrent rate of
Sell NOK/SEK. Possible break higher in AUD/USD
EUR/USD: Slowly but so far not really convincingly the market hasbacked off from the 2008 top line (55d Bollinger bandshigh). It will in fact take a break of 1.3643 to raise confidenceof a peak in place.
FI Eye-Opener: Not again, ECB
After the substantial moves on Tuesday markets had a calmer tone yesterday. The situation in Ukraine is tried to be solved with negotiations, which would leave space for the markets to look for new drivers.
EUR/SEK & EUR (USD)/NOK test supports. Cable trades lower
EUR/USD: The late Feb rise looks impulsive and the decline thereaftercorrectional (and the Mon “Inside Day” did not deliver andmeaningful downside attempt yesterday).
FX Daily
As tensions in the Russia/Ukraine conflict are easing, economic data will likelyget some more attention again. Service PMIs will be released in most countriestoday.
FI EYE-OPENER: Buy. Options. Now.
The situation in the Ukraine got a bit calmer yesterday on the back of Putin’s press conference where he said he saw no immediate need to invade eastern Ukraine.
FI Eye-Opener: yields clearly lower
Risks related to an escalating conflict in Ukraine took sovereign bond yields clearly lower. Numbers out yesterday surprised on the upside – ISM, French PMI.
EUR/USD & EUR/JPY test supports and SEK & NOK seem weak.
EUR/USD: The “Inside day” candle printed yesterday points lower forthe day(s) ahead. If letting go of the 8day equilibriummeasure (which shouldn’t be so hard given the overall weaktrend)
FX Daily
A quiet day in an otherwise busy week. There are no important data on the globalscene. However, developments in Russia/Ukraine will continue to attract attention.