Tag Archives: S&P
FX Daily
The main release today will be the US ISM manufacturing index for February, wherewe look for a slight rebound to 52.3 following the sharp drop in January to 51.3.
FI Eye-Opener: Take cover
German Bund yield drifted higher to 1.63% after testing its lowest level since July on Thursday. In addition to a technical correction higher after the big drop,
Still looking for a stronger yen. NOK/SEK a 1.0720 sell?
EUR/USD: Friday’s move higher became both bigger and moreimpulsive than what we had in mind. On the other hand as aresult of the latest climb a five wave pattern up from early Feb is about to be completed.
JPY strength. USD/CNH peaking? EUR/SEK higher.
EUR/USD: The pair initially fell down to a 1.3643 low to completed anhourly five wave pattern down from the recent high point.The following bounce,
FX Daily
Euro inflation will likely drop to a new cycle low of 0.6% in February, whichadds pressure on the ECB ahead of the meeting next week.
FI Eye-Opener: Yellen helps stocks to record
Bond yields dropped yesterday more so in Europe than in the US. The 10-yr Bund yield dropped 5 bps to 1.56% the lowest level since July last year.
€ takes a beating. USD/CAD higher. AUD/NZD down.
EUR/USD: With the break of 1.3708 the triangle scenario was abortedcalling for a slightly premature peak to have been set. Thefollowing violation of 1.3684 has further enhanced theprobability of a top been put in place.
FX Daily
Some important releases are due today ahead of next week’s ECB meeting. Acontinuation of the weakness in monetary and credit developments will add to thearguments for more easing from the ECB.
FI Eye-Opener: German bund yield about to break lower
Safe haven yields edged clearly lower yesterday as the tensions in Ukraine intensified when Russia put troops on alert near Ukraine. The markets shrugged off the poor German auction and
FX Daily
In the US new home sales are expected to decrease further in January after theywere weak in December. The main reason for the decline is still the bad weather,
USD/CHF a buy? NOK buying drying up
EUR/USD: The past week’s inactivity has created a contracting range, abull triangle and as such the best fitted move will be a breakto the topside.
FI EYE-OPENER: Rates retreat yet again
The turmoil in Ukraine has now – mercifully – moved on to the financial aspects. Yesterday saw a delay in selecting a national unity government (selection will be Thursday instead) which is a prerequisite for EU and