Boston eFX 19:01 GMT January 10, 2012
Subject: Nomura Head of FX: Franc Cap Is `Credible' (vid)
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Geoffrey Kendrick, head of European currency strategy at Nomura International Plc in London, discusses the outlook for the Swiss franc following the resignation of central bank head Philipp Hildebrand.
Nomura Head of FX: Franc Cap Is `Credible' (vid)
Boston eFX 17:19 GMT January 10, 2012
Subject: HSBC: Euro-Dollar to Hit 1.40 By Year-End (video)
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Frederic Neumann, MD & Co-Head of Asian Economics Research, HSBC says the euro's recent moves have more to do with dollar weakness.
HSBC: Euro-Dollar to Hit 1.40 By Year-End (video)
Boston eFX 02:03 GMT January 10, 2012
Subject: EUR/USD Daily Asia Outlook 01/10
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(Dow Jones via eFXnews) EUR/USD - to consolidate in higher range after hitting 16-month low of 1.2666 on EBS yesterday. EUR/USD supported by stronger investor risk tolerance, sovereign demand for euro, EUR/USD short-covering. But EUR/USD topside limited by worries over euro-zone financial crisis as Italian government's 10-year borrowing costs stay above the 7% level deemed unsustainable over the long term; ECB revealed record EUR463.565 billion lodged by banks in its Overnight Deposit Facility, suggesting continued euro-zone banks' funding difficulties as wariness persist over inter-bank counterparty risks; concerns in financial markets that the Greek bailout was unraveling; potential sovereign rating downgrades in the euro zone; increased fears of euro-zone economic slowdown after bigger-than-expected 0.6% drop in German November industrial output (vs minus 0.4% forecast).
Data focus: 0700 GMT German November manufacturing turnover.
EUR/USD daily chart
EUR/USD Daily Asia Outlook 01/10 (full story)
Boston eFX 02:03 GMT January 10, 2012
Subject: GBP/USD Daily Asia Outlook 01/10
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(Dow Jones via eFXnews) GBP/USD - to trade with risks skewed higher. Supported by subdued investor risk aversion. But GBP/USD topside limited by GBP sales on firmer EUR/GBP cross.
Data focus: 0001 GMT UK December BRC-KPMG retail sales monitor, 0001 GMT UK December RICS UK housing market survey.
Daily chart ....
GBP/USD Daily Asia Outlook 01/10 (full story)
Boston eFX 02:02 GMT January 10, 2012
Subject: USD/CAD Daily Asia Outlook 01/10
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(Dow Jones via eFXnews) USD/CAD - to trade with risks skewed lower. Undermined by reduced investor risk aversion; smaller-than-expected 3.6% drop in Canada November building permits (vs minus 5% forecast). But USD/CAD downside limited by softer oil prices (Nymex crude settled down 25 cents yesterday at $101.31/bbl).
Data focus: 1315 GMT Canada December housing starts.
USD/CAD daily chart ...
USD/CAD Daily Asia Outlook 01/10 (full story)
Boston eFX 02:02 GMT January 10, 2012
Subject: USD/CHF Daily Asia Outlook 01/10
Reply
(Dow Jones via eFXnews) USD/CHF - to consolidate with risks skewed lower after hitting 11-month high of 0.9595 yesterday. Weighed by broadly weaker demand for USD as investor risk aversion recedes; Hildebrand's resignation as SNB chairman on his wife's controversial currency trades; rise in Swiss jobless rate to 3.3% In December from 3.1% In November. But USD/CHF downside limited by expectations of Swiss National Bank's CHF-selling intervention as central bank yesterday reaffirmed its commitment to defend the 1.2000 EUR/CHF floor.
Daily chart ........
USD/CHF Daily Asia Outlook 01/10 (full story)
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