Salient to Investors: Foreign investors can’t get enough Treasuries despite the fiscal cliff and China’s reduced stake. Aaron Kohli at BNP Paribas said there’s little of a buyers’ strike from the Treasury’s perspective and shows the depth of demand. BNP forecasts the 10-year yield will rise to 2 percent by June 2013 versus the
READ MORE... →Salient to Investors: MacNeil Curry at Bank of America Merrill Lynch said an Ending Diagonal Triangle trading pattern indicates the 2-month rally in the US Dollar Index is poised to end. The Ending Diagonal Triangle indicates a weakening trend that is on the verge of reversal. Read the full article at http://www.bloomberg.com/news/2012-11-15/dollar-index-faces-ending-diagonal-triangle-technical-analysis.html
READ MORE... →Salient to Investors: Real Capital Analytics said foreigners bought more UK properties worth over $9.5 million than residents for the first time in a decade, and bought 13.5 billion pounds of UK property through Oct. 12, versus 9.3 billion pounds of domestic purchases. Portfolio investments, including equities and debt, showed a 37.6 billion- pound net inflow
READ MORE... →Salient to Investors: The US trade deficit narrowed in September, the smallest since December 2010 and lower than any estimate in surveyed economists – exports were broad-based. Growing demand from emerging markets in South and Central America may be helping to overcome a slowdown in Europe and China. Imports climbed as US consumers
READ MORE... →Salient to Investors: Noriaki Murao at Bank of Tokyo-Mitsubishi UFJ said the biggest focus as we head into year-end will be the fiscal cliff – investors are buying safe currencies such as the dollar and yen. 62 of 63 economists expect the ECB to keep its benchmark interest rate unchanged at 0.75 percent. Ray
READ MORE... →Salient to Investors: Albert Sung at Katchum Macro-Economic Blog writes: The Fed can print money but can’t control where it goes. Money is now flowing into Asia – Thailand, Indonesia, Hong Kong, Shanghai, Australia are at new highs, while the Hong Kong and Shanghai real estate markets are making new highs. Asian real estate developers in
READ MORE... →Salient to Investors: Hans Redeker at Morgan Stanley said the dollar will rise to 84 yen after exceeding it’s 200-day moving average – the yen is the weakest of the G-10 currencies. Read the full article at http://www.bloomberg.com/news/2012-10-22/dollar-moving-average-signals-gain-to-84-yen-technical-analysis.html
READ MORE... →Salient to Investors: Teppei Ino at Mitsubishi UFJ said the dollar may rise to an eight-week high against the yen as the dollar-yen struggles with the upper limits of the Bollinger band and ichimoku cloud at around 79 – once above these levels, it’s likely to move to the middle of the 79-80 range. Ino said the
READ MORE... →Salient to Investors: Andrew Wilkinson at Miller Tabak said the Fed shift was a welcomed driver for risk-loving investors, along with the ECB’s bold defense of the euro. Sebastien Galy at Societe Generale said the expected ECB actions are helping the market to move away from the risk of financing of the U.S. and the peripheral risks
READ MORE... →Salient to Investors: Charles St-Arnaud at Nomura said QE is negative for the dollar. Jeremy Stretch at Canadian Imperial Bank of Commerce sees a weakening dollar trend. Read the full article at http://www.bloomberg.com/news/2012-09-13/dollar-is-near-4-month-low-against-euro-after-fed-expands-easing.html
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