All
  • All
  • Articles
  • Squawks
  • Trade views
  • Must reads
  • Videos
  • Calendar
Views on Macro
Write a Squawk
No posts
  • Squawk / 1 hour ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    New home sales plummets 14.5% month-on-month to 384,000 in March in the US, far from the consensus expectation of +2.3%. Furthermore the decline in new home sales in February was revised to 4.5% from 3.3%.

    Sales declined most in the Midwest to 51,000 from 65,000, a drop of 21.5% m/m, followed by the West and South. The Northeast recorded a minor increase to 27,000 from 24,000.

    While the report surprised consensus it would not come as a shock to those watching the housing starts series, which had been signalling a drop in sales (chart 1).
    Read the Squawk
  • 2h
    DP DP
    Love the bottom one as usual :)
    2h
    Juhani Huopainen Juhani Huopainen
    It's difficult not to like it. Perhaps in June or so it breaks, when the ECB finally gets around to doing something. Or perhaps the pattern will...
  • Squawk / 5 hours ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    Portugal has just finalised its first 10-year government bond auction in three years. The target of EUR 500-750 million was achieved (750mn) at an average yield of 3.5752% and a bid-to-cover ratio of 3.47.
    Read the Squawk
  • Squawk / 6 hours ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    The government-to-GDP ratio climbed to 92.6% in the euro are in 2013 from a revised 90.7% in 2012 (90.6% initially). This is the highest debt-to-GDP ratio on record.
    Read the Squawk
  • Squawk / 7 hours ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    The euro area PMI composite index hit 54 in April (preliminary) vs. 53 expected and 53.1 prior. This is the highest level since May 2011 when it stood at 55.8 and suggests that the recovery in the euro area has continued in Q2. In Q1 the composite index average 53.1, consistent with growth of 0.2 to 0.3 percent quarter-on-quarter.*

    The manufacturing index printed 53.3 vs. 53 expected and prior while the service index printed 53.1 vs. 52.5 expected and 52.2 prior.

    Full report:
    http://www.markiteconomics.com/Survey/PressRelease.mvc/10eff218657b4d30a2627449bcdacd14

    * The Q1 GDP report will be released May 15.
    Read the Squawk
  • Squawk / 7 hours ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    The preliminary April report on German PMI is out, printing 56.3 vs. 54 expected and 54.3 prior for the composite index. Manufacturing printed 54.2 vs. 53.8 expected and 53.7 prior while services rose to 55 vs. 53.3 expected and 53 prior.

    Overall a solid report, which signals that the recovery continues at a robust pace in the German private sector. I expect the economy to grow at least 1.5 percent this year from just 0.4 percent in 2013 and 0.7 percent in 2012.

    Full report: http://www.markiteconomics.com/Survey/PressRelease.mvc/12201026cdcd4270bd6e985a45333ef7
    Read the Squawk
  • 8h
    lum lum
    Pdf is missing!
    7h
    Clare MacCarthy Clare MacCarthy
    Thanks Ium - fixed now :-)
  • Squawk / 9 hours ago
    MarketChartist MarketChartist
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EuroSTOXX 50 Future ($FESX_F) Re-energizes Bull Theme; Targets 3175/85

    European benchmark average bullish shift through 3134
    • We stated in our last client report that “the bias into Tuesday and midweek is for a push up to challenge 3134, with a break here becoming more likely” and the push above here highlights a shift to a more bullish tone again.
    • Above 3134 now aims up to modest resistance at 3148, but with real risk this week back to challenge the 3175 cycle high and key long-term retrace target at 3185.
    • Overshoot risk, more likely into May, will be to 3200 and then Fibo targets at 3219 and 3233.
    • The 8-day RSI is positive, but not OB, leaving scope to go still higher this week
    • WHAT CHANGES THIS?
    • Below 3098 eases bull risks; through 3054 signals a neutral tone, only shifting negative below 3007

    Please see full report with levels and latest audio-visual analysis here: http://members.marketchartist.com/Daily/eurostoxx.pdf

    Daily Adjusted Continuation and Weekly charts
    Read the Squawk
  • 4h
    dardar dardar
    Спасибо)