Monday, December 29, 2014

SEK recovers slightly after government cancels March election

     SEK recovers slightly after government cancels March election
    Ruling party reaches agreement with opposition that will last for seven years
    Nonetheless, SEK fails to recover all the ground it lost on Friday – not a good sign!

     NZD, AUD gain after China allows banks to lend more
    PBOC changes the definition of deposits for the purpose of calculating deposit-to-loan ratio – will allow banks to lend more
    NZD, AUD gain, but I’m still negative. Move will cushion China’s slowdown, not stop it

     RUB weakens sharply as oil prices fall further
     Today:
    Eurozone: Final round of Greek presidential elections. Candidate not expected to win. If he loses, a general election must be held in about a month. Risk event for EUR.
    US: Dallas Fed manufacturing index for December

     This week:
    Tuesday: Eurozone money supply, S&P/Case Shiller home prices, US leading index
    Wednesday: Initial jobless claims, Chicago PMI, pending home sales; Japan holiday
    Thursday: Happy New Year! And China manufacturing PMI

    Friday:  Global PMI day

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