HALISTER1: MAJOR TECHS: USD/JPY Nears 110; GBP/USD Capped Below 50-DMA

MAJOR TECHS: USD/JPY Nears 110; GBP/USD Capped Below 50-DMA

(Bloomberg) -- Daily levels for GBP and Asian currency pairs:
  • USD/JPY -- Consolidating push to 5-month high
  • 3rd resistance: 111.91, April 25 high
  • 2nd resistance: 111.45, May 30 high
  • 1st resistance: 109.34, Nov. 15 high
  • Spot: 109.09; pivot point: 108.77
  • 1st support: 107.77, Nov. 15 low
  • 2nd support: 106.95, Nov. 10 high
  • 3rd support: 106.47, 200-DMA
  • GBP/USD -- Capped below 50-DMA
  • 3rd resistance: 1.2884, 100-DMA
  • 2nd resistance: 1.2674, Nov. 11 high
  • 1st resistance: 1.2618, 50-DMA
  • Spot: 1.2446; pivot point: 1.2455
  • 1st support: 1.2354, Nov. 9 low
  • 2nd support: 1.2347, 21-DMA
  • 3rd support: 1.2332, Oct. 19 high
  • AUD/USD -- Consolidating between 100- and 200-DMAs
  • 3rd resistance: 0.7835, April 21 high
  • 2nd resistance: 0.7778, Nov. 8 high
  • 1st resistance: 0.7595, 100-DMA
  • Spot: 0.7548; pivot point: 0.7551
  • 1st support: 0.7513, 200-DMA
  • 2nd support: 0.7442, Sept. 13 low
  • 3rd support: 0.7421, July 27 low
  • NZD/USD -- Consolidating drop below 100-DMA
  • 3rd resistance: 0.7403, Nov. 8 high
  • 2nd resistance: 0.7222, 50-DMA
  • 1st resistance: 0.7212, 100-DMA
  • Spot: 0.7090; pivot point: 0.7106
  • 1st support: 0.7069, Nov. 14 low
  • 2nd support: 0.7035, Oct. 13 low
  • 3rd support: 0.7023, 200-DMA
  • USD/KRW -- Consolidating below this month’s high
  • 3rd resistance: 1,198.05, May 31 high
  • 2nd resistance: 1,188.50, June 27 high
  • 1st resistance: 1,173.10, Nov. 14 high
  • Spot: 1,170.50 (close on Nov. 15); pivot point: 1,169.23
  • 1st support: 1,158.10, Nov. 10 high (breakaway gap)
  • 2nd support: 1,153.50, 200-DMA
  • 3rd support: 1,128.20, 100-DMA
  • USD/MYR -- Looking to close January gap
  • 3rd resistance: 4.4285, Jan. 7 high
  • 2nd resistance: 4.4193, Jan. 18 high
  • 1st resistance: 4.3655, Jan. 21 low (breakaway gap)
  • Spot: 4.3425 (close on Nov. 15); pivot point: 4.3403
  • 1st support: 4.2242, Oct. 13 high
  • 2nd support: 4.1757, Nov. 3 low
  • 3rd support: 4.1651, 50-DMA
  • USD/SGD -- Rising toward February high
  • 3rd resistance: 1.4444, Jan. 11 and YTD high
  • 2nd resistance: 1.4336, Feb. 3 high
  • 1st resistance: 1.4180, Nov. 14 high
  • Spot: 1.4144 pivot point: 1.4130
  • 1st support: 1.3964, Oct. 27 high
  • 2nd support: 1.3923, Nov. 8 high
  • 3rd support: 1.3851, Nov. 9 low
  • USD/IDR -- Consolidating breach of 200-DMA resistance
  • 3rd resistance: 13,698, June 2 high
  • 2nd resistance: 13,589, June 3 low (breakaway gap)
  • 1st resistance: 13,545, Nov. 11 high
  • Spot: 13,363 (close on Nov. 15); pivot point: 13,359
  • 1st support: 13,237, 200-DMA
  • 2nd support: 13,188, Nov. 11 low
  • 3rd support: 13,121, 100-DMA
  • NOTE: Andrew Robinson is an FX strategist who writes for First Word. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: DBRS: Desjardins Group Reports Sequentially Improved Q3 2016 Earnings, Despite Higher Provisions

DBRS: Desjardins Group Reports Sequentially Improved Q3 2016 Earnings, Despite Higher Provisions

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

Tickers
1407Z CN (Le Mouvement des Caisses Desjardins)

People
Maria-Gabriella Khoury (DBRS Inc)
Sohail Ahmer (DBRS Inc)

Topics
Fixed Income Research
Fundamental Research
Reports
Research Comments
Earnings Review Research

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UUID: 7947283

HALISTER1: Aussie Dollar Vulnerable as October Jobs Report Looms: Analysis

Aussie Dollar Vulnerable as October Jobs Report Looms: Analysis

(Bloomberg) -- Market forces are lining up against the Australian dollar, and a weaker-than-expected jobs report could send the currency tumbling through a key support that has held since June, writes Bloomberg strategist Michael G. Wilson.
  • AUD/USD has dropped more than 2.5% since Trump won election, weighed by a selloff in developed-market bonds and a surge in the U.S. dollar to nearly a 1-year high
  • With AUD/USD now at 0.7557, the 200-DMA at 0.7510 is in play; below that, the next key support is almost 70 pts away at 0.7442
  • Australian employers probably added a net 15k jobs in October after shedding 9.8k in September, according to median est. in Bloomberg survey; range of ests. -3k to +40k; data due Thursday at 11:30am local
  • Unemployment rate is seen ticking up to 5.7% from 5.6%
  • RBA will watch not only the headline numbers but the balance between full-time and part-time jobs; an erosion in full- time roles has fed worries about wage growth, as flagged in the bank’s recent quarterly statement on policy
  • After the jobs data, the Aussie’s next major catalyst is testimony from Janet Yellen, also Thursday; if the Fed chair fails to halt Dollar Index’s approach to long-term highs at 100.33, as noted by Citigroup, then chances of further AUD/USD losses would increase
  • NOTE: Michael G. Wilson is an FX strategist who writes for First Word. The observations he makes are his own.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Janet Yellen (Federal Reserve System)

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UUID: 7947283

HALISTER1: Barrick Gold Corporation - DBRS Rating Report

Barrick Gold Corporation - DBRS Rating Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

Tickers
ABX CN (Barrick Gold Corp)

People
Eric Eng (DBRS Ltd)
Ernie Lalonde (DBRS Ltd)

Topics
Fixed Income Research
Industry & Sector Research
Credit Analysis Research
Credit Research
Investment Research

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UUID: 7947283

HALISTER1: UST 2s5s Curve May Steepen Before It Flattens, CS Says

UST 2s5s Curve May Steepen Before It Flattens, CS Says

(Bloomberg) -- Transition from monetary to fiscal easing will eventually require “more meaningful tightening as the inflation backdrop adjusts,” however Fed “is likely to wait for some clarity on fiscal policy before stepping on the accelerator,” Credit Suisse strategists led by Praveen Korapaty say in note.
  • They recommend zero premium conditional weighted 2s5s steepeners “given the uncertainty”
  • 10Y yield could reach 2.6% on term premia adjustments alone, 3% if Trump “focuses on deficit spending, and ignores some of his other promises, which could be quite negative” for economy
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Praveen Korapaty (Credit Suisse Group AG)

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UUID: 7947283

HALISTER1: CHIP Mortgage Trust, Series 2016-1 - DBRS Rating Report

CHIP Mortgage Trust, Series 2016-1 - DBRS Rating Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

Tickers
769214Z CN (Birch Hill Equity Partners Management Inc)

People
Jamie Feehely (DBRS Ltd)
Nesbitt Burns (CIBC World Markets Inc)
Paul Bretzlaff (DBRS Ltd)

Topics
Fixed Income Research
Reports
Credit Analysis Research
Credit Research
Investment Research

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UUID: 7947283