Tag Archives: S&P
FX Daily
Italian and Spanish service PMIs are expected to show further improvement and based on the flash euro-area PMIs, our forecasts are above consensus.
Daily FX Wrap and Strategy
The NZD/USD has outperformed over the past 24-hours asglobal risk appetite has improved. The NZD/USD sits at0.8220 this morning.Yesterday afternoon the NZD/USD dipped to lows below0.8060.
FX Daily
In terms of data releases we have a fairly thin calendar today. In the euro area we expect Italian HICP to increase slightly but to remain below 1%.
Classic risk-off move – stocks down and yen & swissy up
EUR/USD: The move up from the recent low looks correctional whendissected into sub-daily observations. The resistance zonebetween the daily & weekly mid-body points (1.3520-1.3580) is likely to be respected.
EUR retreating, USD & JPY advancing.
EUR/USD: The new Friday low didn’t become minor at all as the marketcontinued to trade in a very heavy way. The past days priceaction also made January end
FX Daily
Focus continues to be on emerging markets. Large parts of Asia are closed today due to the Chinese New Year public holiday.
The Global Macro Pulse
Markets are closed for the lunar new year holiday in China, Hong Kong, Taiwan, Indonesia, Singapore, Vietnam, and Korea. Elsewhere, sentiment remained generally weak despite the stronger US equity performance in NY trading.
FX Daily
Markets will continue to keep a watchful eye on emerging markets but it has been relatively calm overnight with large parts of Asia off today for celebration of the Chinese New Year.
Sell €/JPY above 140. Weaker SEK, NOK & PLN.
EUR/USD: So far this week each and every day has fallen below theprior day’s low point only to be immediately rejected andending in the upper end of the daily range.
FX Daily
Emerging markets continue to be the focal point. As long as this is the case financial markets will take the lead from the development in the EM currencies and macroeconomic data will be of secondary importance.
The loonie is stuck on a losing track. SEK tries to break resistance.
EUR/USD: Another lower daily high and lower low was addedyesterday, but buyers responded near the 8day “Tenkan-Sen” & Jab23 bullish benchmark candle mid-body point at1.3622.
FX Daily
We expect the Fed to cut its monthly bond purchases by an additional USD10bn in connection with today’s meeting and hence stick to its unofficial plan for tapering.