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Watch USDJPY for upside on a weekly graph

Posted by Saxo Bank in March 31st 2008  
Despite weak figures from the US, we might see a spike higher in the USD. We do, however, expect continued weakness in stocks. Overnight News Bullets SW PPI MoM/YoY (FEB) out at 0.6%/4.2% vs. 0.5%/4.2% expected vs. 1.3%/4.6% prior read. SW Retail Sales MoM/YoY (FEB) out at 1.7%/4.6% vs. 0.5%/3.5% expected vs. -0.7%/3.5% prior read. UK GDP QoQ/YoY (4Q) out at 0.6%/2.8% vs. 0.6%/2.9% expected vs. 0.6%/2.9% prior read. SZ KOF Leading Indicator (MAR) out at 1.54 vs. 1.60 expected vs. 1.65 prior Read More...

Filed under: Fundamental