Tag Archives: S&P
FX Daily
In the US the Fed will release minutes from the 28-29 January FOMC meeting.The speeches ahead of the meeting suggest relatively strong consensus on continuingthe tapering course but
USD/JPY contesting resistance (102.85) & possible GBP/USD reversal
EUR/USD: Directional indications are weak inside 1.3562 & 1.3740, buta move back under a Feb11 high of 1.3683 would anyway beof some interest.
FX Daily
In the data calendar the main events are the ZEW indicator in Germany, CPI inthe UK and the NAHB housing market index and Empire.
FI Eye-Opener: Renzi’s ambitious timetable unlikely to hold
German bond yields edged slightly higher yesterday, but trading volumes were expectedly very subdued due to the US holiday.
FX Daily
The leader of Italy’s centre-left Democratic Party, Matteo Renzi, is expected tobe formally handed the job of forming a new government,
NOK/SEK still liked higher. USD/CAD ending reaction?
EUR/USD: An attempt to put a peak in place Friday afternoon hastoday been replaced by renewed buying hence keeping the1.3740 resistance in the crosshair.
Continued yen buying. Watch cable resistance
EUR/USD: Yesterday’s attempt to trace out a peak was proven wronggiven the break of 1.3655. The minimum target for thefollowing move, 1.3684+, has been fulfilled however the risedoes so far look incomplete.
FX Daily
Q4 GDP for the euro area as a whole and several euro area countries is due forrelease today. Based on our ‘hard data’ model we look for a rise in euro-area GDP of0.3% q/q.
FI Eye-opener: Italy at it again. New PM but any changes?
Bond yields dropped somewhat yesterday triggered by weak US retail sales and in the early evening the news that Italian premier Letta is resigning.
Sell AUD – buy JPY. NOK/SEK liked higher.
EUR/USD: The corrective bounce from yesterday’s low point isexpected to turn down from the 1.3620/30-area and shouldaccordingly be sold with a stop above 1.3655.
FX Daily
US retail sales likely got off to a soft start in January following a strong finish to2013. As consensus we look for 0.0% m/m in total retail sales and 0.1% m/m in retailsales ex autos and gasoline.
AUD & SEK look like winners
EUR/USD: Sellers responded – again – at the high end of the “cloud”.But to show some commitments we need to see sellersbelow a wider near-term support zone (1.3610\1.3580) and