LOOK AHEAD: Friday Data Calendar: Import/Export Prices, Fed Speak
Feb-17 11:14
- US Data/Speaker Calendar (prior, estimate)
- Feb-17 0830 Import Price Index MoM (0.4%, -0.1%), YoY (3.5%, 1.4%)
- Feb-17 0830 Import Price Index ex Petroleum MoM (0.8%, -0.3%)
- Feb-17 0830 Export Price Index MoM (-2.6%, -0.2%), YoY (5.0%, 2.8%)
- Feb-17 0830 Leading Index (-0.8%, -0.3%)
- Feb-17 0830 Richmond Fed Barkin discusses labor mkt, no text, Q&A
- Feb-17 0845 Fed Gov Bowman, moderated discussion banking conf
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
EUROZONE T-BILL ISSUANCE: 3/6-month EU-bill auction results
Jan-18 11:12
| Type | 3-month EU-bill | 6-month EU-bill |
| Maturity | Apr 7, 2023 | Jul 7, 2023 |
| Amount | E886mln | E921mln |
| Target | E1bln | E1bln |
| Previous | E900mln | E1.438bln |
| Avg yield | 2.194% | 2.556% |
| Previous | 2.137% | 2.556% |
| Bid-to-cover | 3.68x | 3.74x |
| Previous | 3.89x | 1.95x |
| Previous date | Jan 04, 2023 | Jan 04, 2023 |
OUTLOOK: Price Signal Summary - USDJPY Remains Below The 20-Day EMA
Jan-18 11:11
- In FX, the EURUSD outlook remains bullish and trend signals continue to point north. The recent break of 1.0787, the May 30 2022 high and a key resistance, reinforces a bullish theme and note that moving average studies continue to highlight a bullish backdrop. Sights are on 1.0913, the 2.764 projection of the Sep 28 - Oct 4 - Oct 13 price swing. Initial firm support lies at 1.0690, the 20-day EMA.
- GBPUSD maintains a bullish tone and is trading higher today. The pair has recently cleared resistance at 1.2303, the 76.4% retracement of the Dec 14 - Jan 6 bear leg. The clear breach exposes 1.2446, the Dec 14 high and a key hurdle for bulls. On the downside, initial firm support is seen at 1.2133, the 20-day EMA.
- USDJPY rallied earlier today following the BoJ decision. Resistance at the 20-day EMA, at 131.71, remains intact and the pair has pulled back to trade below 130.00. The primary downtrend remains intact and gains are considered corrective - for now. A clear break of the 20-day EMA is required to signal scope for a stronger recovery that would open 132.87, the Jan 11 high. Key support has been defined at 127.23, the Jan 16 low.
PORTUGAL T-BILL AUCTION RESULT: 6/12-month BTs
Jan-18 10:51
| Type | 6-month BT | 12-month BT |
| Maturity | Jul 21, 2023 | Jan 19, 2024 |
| Amount | E750mln | E500mln |
| Target | E1.25-1.50bln | Shared |
| Previous | E440mln | E750mln |
| Avg yield | 2.417% | 2.725% |
| Previous | 1.291% | 2.104% |
| Bid-to-cover | 2.14x | 3.82x |
| Previous | 2.92x | 1.74x |
| Previous date | Sep 21, 2022 | Oct 19, 2022 |
