Tag Archives: S&P
FX Daily
Euro-area industrial production is likely to show a decline in December followingthe strong gain of 1.8% m/m in November. Most euro countries have publisheddeclines in industrial production for December.
FI Eye-Opener: The Yellen era begins
• Yellen debuts as Fed spearhead • Treasuries sells off and US swap rates tick up on the speeches
EUR/USD is scanning nearby resistance – make or break? Weaker HUF
EUR/USD: The move higher last week has been extended this morningto the point where it meets thought resistance at the highend of the Fibo adjusted short-term “Ichimoku cloud”.
FX Daily
Fed chairman Janet Yellen testifies before the House Financial ServicesCommittee in her first semi-annual report on monetary policy since taking over fromBen Bernanke.
USD/CAD – false break points up. NOK/SEK – higher.
EUR/USD: The comeback staged Thu/Fri will probably lead the pairhigher during the start of the week with the estimated Dectop line, 1.3655,
FX Daily
Quiet start to the week with no tier-1 data released. Italian industrial production and the euro sentix survey are the only releases and are unlikely to have a market impact.
JPY correction running late. More bond correction.
EUR/USD: The 1.3494/99 break didn’t yield the anticipated rush to sellon the contrary a veritable buying spree followed returningabove 1.3499.
FX Daily
The US labour market report for January will be the main market mover. We expect the labour market to have picked up some momentum although the bad weather,
The Global Macro Pulse
The better than expected US non-manufacturing ISM has boosted risky assets in Asia. All Asian equity markets have risen, with the Nikkei up 0.4%, the Hang Seng up 0.5% and Kospi up 0.8%.
FX Daily
The main event is the ECB meeting, where we expect a refi rate cut to 0.1%. During January we have seen low inflation and declining inflation expectations combined with higher short-term money market rates
EUR/JPY seen as a selling opportunity, $ index higher Thursday
EUR/USD: As we now are into the fourth day of consolidating the steepJan 30-31 decline the bear flag created is getting mature.
EM stress recedes – for now. AUD/NZD correction may be over
EUR/USD: There is nothing it strongly arguing for an impulsive bursthigher. It’s rather a short consolidation to digest the recentslump.