1/Spain follows Greece as anti-austerity parties sweep local election Spain’s political future has been thrown up in the air after local elections saw the dominance of its two big political parties destroyed, and sparked unwelcome comparisons with Greece. 2/ REPAYMENT SCHEDULE OF 1.4BN EUR FOR GREECE FOR JUNE THEN 10 BN FOR JULY AND AUGUST TARGET 1.05
Gbpusd is on a support , a bullish trendline starting from the 13 of May. The break out or the bounce should be done after the US CPI data and the speech of the us fed chair Yellen on the economic outlook the 22 of May.
WE COULD WAIT FOR A CORRECTION BEFORE THE ZEW CONOMIC SENTIMENT ON TUESDAY 20 11AM. SHORT EURUSD1.1445 STOP AT 1.1475 TARGET 1.1390
IF BOE HAWKISH FLAG GBPCHF BREAKOUT 1.4590 TARGET 1.4710 THEN 1.4920
GREECE : 750 MILLIONS EURO PAYMENT TO IMF TOMORROWBEARISH TRENDLINE FROM 1,1387 TO 1,1290 ( HIGH AFTER NFP ON FRIDAY ),WE ARE WAITING FOR A NEW TEST OF THIS TRENDLINE AT 1,12SHORT 1,12 STOP 1,1237 TARGET 1,1065
breaking trendline ?
Euro zone: Inflation rate back to zero The inflation rate in the euro zone returned to zero in April. According to preliminary estimates, it rose from -0.1% in March to 0.0%. The main reason was the food price trend. The inflation rate without energy, food, drink and tobacco stuck at 0.6%. Although the inflation rate has climbed significantly since its low in...
SUPPORT BULLISH MONTHLY CHANNEL FROM THE YEAR 2005- 2008
he Bank of Japan maintained its massive monetary stimulus in an 8-1 vote Thursday, holding off on additional easing for now on hopes that rising wages will spur spending and push inflation toward its ambitious 2% target.Markets are now focusing on the central bank's semi-annual report for signs of how confident it is about Japan's economic recovery and prospects...
UK ELECTION UNCERTAINTY HELD 7 MAY 2015 + GDP SLOWS AUD METALS BOUNCE
uk's Osborne says economy at critical moment after q1 slowdown (0.3%vs0.5%) = UK is still going on QE (375bn)...
Retail sales JAPAN fall more steeply than expected; also down mom: March retail sales fell sharply by 9.7% yoy in reaction to the prior-year peak in rush demand ahead of the March 2014 consumption tax hike (March 2014 retail sales: +11.0% yoy). Although a reactive decline had been expected by the market, it was greater than forecast (-7.3% yoy) .
channel range between 1.05/1.1080. short at 1.1080 stop 1.12 target 1.05 1. FOMC meeting: no hurry with hikes. The FOMC statement is not expected to show any major changes but unlike on previous occasions, it may well hold back in issuing any clear forward guidance on the timing of rate increases 2. The Ifo business climate has further improved this month (up...
usdnok is hugely correlated to brent , brent is up and above his level of march when usdnok was at 7.50. thus we can expect to be back at 7.50. short 7.80 target 7.50 stop 7.95
short 7.8051 on pull back target 7.71 stop at 7.8660
current cpi aud yoy 1.3% vs 0.1% for nzd betting for rbnz to cut their interest rate