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FX TRADING CAPITAL MARKETS
DAILY COMMENTARY
04.07.2016
HEADLINES
Contact:
- BOJ Tankan surv ey shows falling inflation ex pectations at Japanese companies (y ear Christian
ahead CPI
of 0,7 % y /y from 0,8 %
Eggers
three months ago) way off BOJ's own target of 2,0 % > doubts ov er BOJ argument thatCapital
aggressiv
e
printing
will
Marketsmoney
Structuring
& Trading
accelerate price growth are growing further
Tel.: +49 (0)431 900 25514
- China Foreign Ex change Trade Sy stem (CFETS) data showed that the index (first published
by CFETS in Dec'1 5 with
Disclaimer:
Information
and statements
contained
in this docuv alue 1 00 set at the end of 201 4) for Y uan's v alue based on the market's trade weighted
basket stood
at 94,88
last week,
ment
are of
based
on either thorough
research by
the lowest on record > June FX reserv e data later this week will be closely watched for
clues
a resurgence
inspeculativ
e HSH
Nordbank
or on
sources that are considered reliacapital outflows > lately Reuters reported that PBoC would tolerate Y uan to fall as low
as 6,80AG
per
Dollar
ble but cannot be verified. Details from external
sources
are checked
plausibility.
Theye are
- AUDUSD gapped lower on prospects for a hung parliament after close general election
but recov
ered for
back
well abov
0,7not
5
scrutinized for accuracy. Although every effort is made
on both Moody 's and Fitch said there was no immediate threat to Australia's AAA rating
to ensure correctness, HSH Nordbank AG cannot be
held responsible for completeness, status, or accuracy
UPCOMING DATA / EVENTS*
of information.
CET
COUNTRY/RELEASE
EXPECTED
PREVIOUS
Information in HSH Nordbank
AG publications
are not
1 0:30
UK
CIPS construction PMI Jun.
50,5
51 ,2 They
sufficient basis for important economic decisions.
1 0:30
EZ
Sentix index Jul.
5,0
9,9 and
represent non-binding interpretations
of markets
products at the time of publication.
repre1 1 :00
EZ
Producer prices m/m May
0,3 They do not
-0,3
sent legally binding offers. Information
contained
1 5:30
CAD
RBC manf PMI Jun.
n/a
52,1in
this document is not substitute
individual
advice.
1 6:00
DKK
Currency reserv es Jun.
441 ,9for
Bln
426,9
Bln
HSH Nordbank AG cannot be held responsible for any
loss howsoever arising from any use of this document
or its contents.
This is a marketing communication. The document has
ON THE CHANGE
not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
1,67%
0,97%
0,86%
0,66%
0,31%
0,62% 0,52%
0,44%
0,14%
-0,09%
0,09% 0,12%
0,11%
0,05%
-0,29%
0,57%
0,15%
0,05%
-0,05%
-0,06%
-0,07%
-0,12%
-0,30%
0,24%
0,04%
-0,08%
-0,34%
-0,62%
-1,23%
EURUSD
USDJPY
EURJPY
GBPUSD
O/N
HSH Nordbank AG
EURGBP
Y-DAY
EURCHF
-1,80%
EURNOK
EURSEK
EURPLN
USDCNH
5-DAY_CHANGE
Daily Commentary | July 4, 2016
Page 1
MAJOR TECHNICALS
EURUSD
3-mth High
major 76,4% Fibo
latest High
55d SMA
minor 50,0% Fibo
SPOT
200d SMA
latest Low
1,1616
1,1450
1,1429
1,1273
1,1171
1,1133
1,1096
1,0912
200d SMA
3-mth High
55d SMA
major 61,8% Fibo
latest High
SPOT
latest Low
1,1129
1,1010
1,1009
1,0973
1,0922
1,0858
1,0847
1,0714
1,0623
latest High
200d SMA
minor 38,2% Fibo
55d SMA
SPOT
Piv ot Low
major 76,4% Fibo
latest Low
3-mth Low
EURCHF
3-mth High
latest High
major 76,4% Fibo
55d SMA
200d SMA
Piv ot High
SPOT
minor 76,4% Fibo
latest Low
3M WINDOW*
USDJPY
EURJPY
114,84
111,90
107,49
106,97
106,88
102,69
99,00
200d SMA
3-mth High
major 76,4% Fibo
latest High
55d SMA
SPOT
latest Low
9,5850
9,3944
9,3804
9,3039
9,2815
9,2598
9,2572
9,2540
9,1560
latest High
minor 61,8% Fibo
SPOT
Piv ot Low
200d SMA
55d SMA
latest Low
major 76,4% Fibo
3-mth Low
EURNOK
GBPUSD
127,35
126,45
122,40
122,00
121,18
114,33
109,30
latest High
200d SMA
55d SMA
SPOT
Piv ot Low
Piv ot SUP
latest Low
9,5945
9,4629
9,3995
9,3833
9,3069
9,2930
9,2500
9,2282
9,1150
latest High
minor 61,8% Fibo
SPOT
55d SMA
major 61,8% Fibo
latest Low
200d SMA
3-mth Low
EURSEK
EURGBP
1,5022
1,4607
1,4345
1,3289
1,3229
1,3184
1,3122
latest High
SPOT
minor 38,2% Fibo
55d SMA
200d SMA
latest Low
3-mth Low
4,5400
4,4626
4,4170
4,3935
4,3469
4,3375
4,3321
4,2276
latest High
Piv ot High
SPOT
Piv ot Low
latest Low
55d SMA
200d SMA
3-mth Low
EURPLN
0,8407
0,8380
0,8097
0,7864
0,7606
0,7600
0,7566
USDCNH
6,7029
6,6842
6,6750
6,6670
6,5792
6,5658
6,5084
6,4678
Contact:
Christian Eggers
Senior FX Trader
Money Market & FX
Tel.: +49 (0)431 900 25514
Disclaimer:
Information and statements contained in this document are based on either thorough research by HSH Nordbank AG or on sources that are considered reliable
but cannot be verified. Details from external sources are checked for plausibility. They are not scrutinized for accuracy. Although every effort is made to ensure
correctness, HSH Nordbank AG cannot be held responsible for completeness, status, or accuracy of information.
Information in HSH Nordbank AG publications are not sufficient basis for important economic decisions. They represent non-binding interpretations of markets
and products at the time of publication. They do not represent legally binding offers. Information contained in this document is not substitute for individual
advice. HSH Nordbank AG cannot be held responsible for any loss howsoever arising from any use of this document or its contents.
This is a marketing communication. The document has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
HSH Nordbank AG
Daily Commentary | 04.07.2016
Page 2

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