Treasury Research News Bulletin - 27 November 2013

27 November 2013
TREASURY RESEARCHNews Bulletin
Interest Rates & Foreign Exchange News
A set of US data overnight revealed that the housing sector remains

relatively robust on opposed to markets expectation that the
tightening in financial condition would slowdown the sector.
September building permits exceeded expectation with an increase of
5.2% while S&P case-Shiller sustained its upward momentum for the
same month.
However, consumer confidence in Nov dropped on the back of job
growth pessimism but we see this to be a short term setback. Dollar
continues to remain steady at 80.6 on the back thin flows ahead of
the Thanksgiving holidays tomorrow.
A slew of data will be released today such as initial jobless claims,
Durable goods orders and University of Michigan data for further clues
on the state of the US economy.
Month end flows are likely to drive AxJ FX with familiar trading range
will dominate the market today except for THB which continues to
face political uncertainties.
Markets
Last
% Chg
1w % Chg
0.66
Equity
DJIA
16072.80
0.00
S&P 500
1802.75
0.01
0.83
MSCI EM
1005.40
-0.52
-1.87
12.81
0.16
-4.33
USD LIBOR 3M
0.2366
0.32
-1.05
Euribor 3M
0.2300
1.32
5.51
JPY TIBOR 3M
0.2209
0.00
0.00
VIX
Money Market
Commodities
Gold Spot
1243.20
0.03
-0.08
WTI Crude
93.50
-0.19
-0.37
Source: Bloomberg
Protestors gained entry into the Interior Ministry and removed 4 other
officials,amplifying its protest against the present Government.
Confidence vote have begun in the Parliament with a decision
expected to be announced by today or tomorrow.
It will be interesting to find out what the BOT will do as the central
bank deliberates monetary policy today. Consensus are looking for
BoT to maintain its policy rate unchanged at 2.5% but the question is
whether the ongoing political clashes would change their perception
given its impact on the near term economic outlook. All eyes will be
on the statement if rate remains on hold.
Today's Technical Outlook

G10
EUR
JPY
Regional Swap Points / Implied Yields

GBP
AUD
NZD
C AD
C HF
24hr Outlook
Resistance
Support
AXJ
Support
C NY
INR
Spot
6.0919
62.52
1060 3.2189 1.2513
KRW
MYR
SGD
IDR
THB
11765 32.08
1.3613
101.97
1.6271
0.9255
0.8316
1.0577
0.9141
O/N
1.50
0.07
4.45
0.01
2.05
0.20
1.3593
101.62
1.6244
0.9191
0.8255
1.0559
0.9103
1W
21.50
10.50
0.52
16.00
0.06
14.50
1.39
1.3534
101.04
1.6164
0.9076
0.8144
1.0522
0.9045
1M
70.00
48.50
2.30
70.00
-0.05
69.00
5.55
1.3495
100.81
1.6111
0.9025
0.8094
1.0503
0.9025
3M
160.00
138.00
6.30 190.50
-0.85
207.00 16.25
C NY
INR
KRW
MYR
SGD
IDR
THB
6M
240.00
269.50 11.10 370.00
-3.75
410.00 32.05
9M
311.75
390.25 13.50 530.00
-6.50
630.00 47.50
508.50 18.20 695.00
-9.50
848.00 63.88
24hr Outlook
Resistance
Tenor
6.0968
62.70
1063
3.2306
1.2574
11979
32.22
12M
403.75
6.0943
62.61
1061
3.2248
1.2545
11872
32.15
Implied Ylds
C NY
INR
KRW
MYR
SGD
IDR
THB
6.0897
62.35
1058
3.2136
1.2489
11584
31.98
3M Onshore
1.21
9.10
2.63
2.62
0.21
7.20
2.27
6.0876
62.19
1057
3.2082
1.2462
11403
31.89
3M Offshore
2.93
9.46
3.12
2.04
0.21
2.71
4.68
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27 November 2013

TREASURY RESEARCHNews Bulletin

Interest Rates & Foreign Exchange News

A set of US data overnight revealed that the housing sector remains

Today's Technical Outlook

Regional Swap Points / Implied Yields

1060 3.2189 1.2513

269.50 11.10 370.00

390.25 13.50 530.00

508.50 18.20 695.00

Disclosure & Disclaimer

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