Bills Traded With

Dukascopy Fundamental Analysis EUR Industrial production in the 17 countries that use the euro fell unexpectedly in March, leaving little doubt the region contracted for a second straight quarter in the first three months of the year and returned to recession, data by Eurostat showed Monday. USD Stocks fell, commodities declined to their cheapest level this year and the euro weakened to a three- month low on concern that Greece will exit the single European currency and after German Chancellor Angela Merkel’s party lost a state election. GBP The government, and many economists, say the U.K.'s austerity plan has succeeded in reassuring financial markets that the government is focused on wrestling down the country's debt, which had ballooned to the highest levels since World War II. As a ...

Markets eye whether BOE extends its Asset Purchase Program later today; Greece continues to struggle to form new gov't Economic Data (RU) Russia Central Bank (CBR) left Refinancing Rate unchanged at 8.00%, as expected (ID) Indonesia Central Bank left Reference Rate unchanged at 5.75%, as expected (FI) Finland Mar Industrial Production M/M: -1.5% v -0.2%e; Y/Y: -5.7% v -2.2%e (FR) Bank of France Apr Business Sentiment: 95 v 95e (FR) France Mar Industrial Production M/M: -0.9% v -0.6%e; Y/Y: -0.9% v -1.3%e (FR) France Mar Manufacturing Production M/M:+1.4% v -0.2%e; Y/Y: -0.3% v -2.8%e (FR) France Mar Central Govt. Balance: -€29.4B v -€24.2B prior (ES) Spain Mar House transactions Y/Y: -22.7% v -31.8% prior (CZ) Czech Apr CPI M/M: 0.0% v 0.1%e; Y/Y: 3.5% v 3.6%e (CZ) Czech Mar ...

Major European Services PMI again disappoints; Focus now on US April Non-Farm Payroll report Economic Data (EU) ECB: €983M borrowed in overnight loan facility v €638M prior; €805.7B parked in deposit facility v €803.1B prior (RU) Russia Narrow Money Supply (RUB): 6.90T v 6.91T prior (SE) Sweden Apr Services PMI: 48.6 v 52.6 prior (First contraction since Nov) (ES) Spain Apr Net Unemployment M/M: -6.6K v -15.0Ke (UK) Apr Halifax House Prices M/M: -2.4% v -0.8%e; 3M/Y: -0.5% v +0.4%e (ES) Spain Apr Services PMI: 42.1 v 45.4e (10th straight of contraction) (CH) Swiss Mar Real Retail Sales Y/Y: 4.2% v 1.1%e (SE) Sweden Mar Service Production M/M: 0.9% v 0.4% prior; Y/Y: 2.8% v 1.5%e (IT) Italy Apr PMI Services: 42.3 v 43.7e (FR) France Apr Final PMI Services: 45.2 v 46.4e (DE) ...

Fundamental News Today’s highlights: ECB President Draghi Speaks (EUR, 08:00 GMT) GDP (YoY) (GB, 09:30 GMT) Core Durable Goods Orders (MoM) (U.S., 15:30 GMT) Interest Rate Decision + FOMC Statement (U.S., 17:30 GMT) Fed Chairman Bernanke Speaks (U.S., 19:15 GMT) According to figures released by the Commerce Department on Tuesday, new sales of single-family houses in the U.S came in at a seasonally adjusted annual rate of 328,000 in March but nevertheless came in substantially higher than most economists had predicted. While, Consumer confidence in the U.S. was virtually unchanged in the month of April, according to a report released by the Conference Board on Tuesday. Spain's borrowing costs continued to increase at a debt sale on Tuesday as the economy returned to ...

Dukascopy Fundamental Analysis EUR Spain faced increasing borrowing costs during successful sale of bonds with two and ten-year maturity. The country's Treasury sold 1,116 billion Euros of two-year bonds at yield of 3.463% and 1,425 billion Euros in ten-year bonds with yield of 5.743%. Demand for Spain's debt was strong as bids surpassed demand 3.3 times. USD Stock index futures indicated a lower opening on today’s USA session on the EU concerns. Additionally, news from Wal-mart on a possible bribery case had negative influence on stock indices. GBP According to experts from zifx.com, following an extensive rally of GBP/USD, the currency pair is presently overgoing a bearish correction. While the initial support and resistance levels are situated at 1.6037 and 1.6154, respectively, ...

Fundamental Analysis EUR France and Spain plan to assemble EUR 13.5 billion (USD 17.6 billion) in bill auction today as Spanish PM Rajoy struggles to reduce budget deficit and presidential elections in the France drive yields up. France is issuing 2017 bills and 2018 inflation linked notes, a maximum target of EUR 11 billion while Spain is planning to raise EUR 2.5 billion in 2-year and 10-year bonds. USD The IMF announced that it has secured 320 billion US Dollars in drive for increasing the fund's lending capacity. Switzerland and Poland have already contributed to the fund expansion. The IMF hopes to raise about 400 billion US Dollars in commitments from countries around the world. The move followed surging borrowing costs of Italy and Spain that escalated concerns over the Euro ...

Spain's bond auction demand was overly sufficient but yields were mixed Economic Data (RU) Russia Gold & Forex Reserve w/e Apr 13th: $518.8B v $516.7B prior (DK) Denmark Apr Consumer Confidence: +0.6 v +1.5e (HU) Hungary Feb Avg Gross Wages Y/Y: 6.9% v 6.0%e (NL) Netherlands Mar Unemployment Rate: 5.9% v 5.9% prior (PH) Philippines Mar Balance of Payments: -$209.0M v +$588M prior (GR) Greece Feb Current Account: -€1.1B v -€1.5B prior (IT) Italy Feb Industrial Orders M/M: -2.5% v -1.1%e; Y/Y: -13.2% v -6.2%e (IT) Italy Feb Industrial Sales M/M: +2.3% v -4.9% prior; Y/Y: -1.5% v -4.4% prior (PH) Philippines Central Bank left its Overnight Borrowing Rate unchanged at 4.00%; as expected (HK) Hong Kong Mar Unemployment Rate: 3.4% v 3.5%e Fixed Income (ES) Spain Debt Agency (Tesoro) sold ...

Forex Morning Briefing : Asia mixed ahead of Spanish 10-yr auction What’s new: Asia: Asian mixed; US in negative Spain: Auctioning off key 10-yr debt Italy: Pushes the attainment of its balanced budget target by one year Sweden: Riksbank remains on hold Japan: BoJ reiterates commitment to inflation target, more easing Rates in Asia and Indices: EURUSD: 1.3105 - 1.3131. USDCHF: 0.9153 - 0.9175. GBPUSD: 1.6014 - 1.6066. EURJPY: 106.53 - 107.04. USDJPY: 81.17- 81.56. DowJones: 13'032.75 -0.63% NASDAQ: 3’031.45 -0.37% S & P 500: 1'385.14 -0.41% Nikkei: 9'588.38 -0.82% Shanghai: 2'378.03 -0.12% Gold: $ 1'641.10 Crude Oil: $ 102.74 Comments: Some disappointing earnings reports weighed on the performance of US equity indices; which closed in the negative yesterday evening. Asian counterparts ...

Fundamental News Today’s highlights: MPC Meeting Minutes + Claimant Count Change (GB, 08:30 GMT) BoC Monetary Policy Report (CAD, 14:30 GMT) Crude Oil Inventories (U.S, 14:30 GMT) The International Monetary Fund raised its global growth projections for this year and next on Tuesday, citing improvements in the U.S. economy and emerging economies. However, the Washington-based lender expects growth to be relatively weak, as risks remain elevated, especially from Europe. The geopolitical uncertainties linked to the oil market also weigh on the outlook, the IMF's biannual World Economic Outlook report said. A report released by the Federal Reserve on Tuesday, showed that industrial production remained unchanged in March after coming in flat in February. New housing ...