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朝 闻 香 江
今日公布宏观数据：日本4月所有产业指数, 日本5月机床订单, 台湾5月外销订单, 英国5月零售销售。
Asian central banks get busy with four of them (in Japan, Taiwan, Indonesia, and the Philippines) meeting today and are likely following the US Fed with dovish policy guidance, if not outright policy rate cuts.
BBNI’s share price has fallen 18% in the past two months, reacting to a 44% yoy rise
in provisions in 4M19. However, the rising provisions should not impact net profit. At
Rp8,100 (lowest in past two months), share price implies a 21% yoy decline in 2019
net profit which is unlikely. Moreover, we expect 2020 net profit growth of 22% yoy,
backed by a benchmark rate cut. Upgrade to BUY with a higher target price of
Our credit view of Central Point SD, OR with a moderately sized and growing tax base, below average socioeconomic indicators, a narrowing financial profile and elevated debt and pensions.
Our credit view of North Las Vegas, Nevada reflecting improvement in finances, a large tax base supported by the growing Las Vegas economy, low debt and a high pension burden.
GBP/CHF has resistance at 1.2795 and MACD is still fairly weak. Hence, we see a further downside to 1.2504, likely 1.2399. Above 1.2795 to question downside, instead open 1.2896, possibly 1.3000.
EUR/JPY resistance at 123.57and MACD is still bearish. Hence, we see a dip to 120.57, possibly 118.94-119.91. Above 123.57 to question downside instead open 124.71-125.73.
GBP/JPY resistance at 139.38 and MACD is bearish. Hence, we see a decline to 135.63, possibly 133.51. Above 139.38 to question downside instead open 140.51, likely 142.62.
EUR/JPY has resistance at 121.66 and MACD is bearish. Hence, we see a dip to 120.57. Above 121.66 to open 122.14.
EUR/CHF resistance at 1.1221, MACD and RSI are turning bearish. Hence, we see a dip to 1.1155, likely 1.1128. Above 1.1221 to open 1.1247.
EUR/CHF MACD is very bearish, resistance at 1.1247. Hence, we see a dip to 1.1128, possibly 1.1050. Above 1.1247 to question downside.
AUD/CAD MACD is bearish and we will need a break above .9317 to open a chances of a rally to .9415, likely .9582. While below .9317 risk remain for another move lower to .9000, possibly .8874.
AUD/NZD has resistance at 1.0645 and MACD is bearish. Hence, we see downside to 1.0505, possibly 1.0373. Above 1.0645 to question downside.
NZD/USD MACD and RSI have started to turn bearish and resistance comes in at .6610. Hence, we expect a dip to 0.6419, possibly 0.6349. Above 0.6610 to question downside instead open .6689-.6746, likely .6809.
EUR/RUB MACD lacks upside momentum and resistance at 73.94. Hence, we see a dip to 72.09, possibly 71.00. Above 73.94 is needed to question downside, instead open 75.000, likely 75.96.
EUR/SEK the top of the bull channel has held succesfully and the suggested correction is underway, we see a downside to to 10.500-10.580, likely 10.391. A break above the channel to open 11.000-11.117.
NOK/SEK MACD is weakening and resistance at 1.0999. Hence, while below we may see a dip to 1.0762, likely 1.0540. Above 1.0999 to avert upside instead open 1.1100.
USD/JPY resistance at 108.73, MACD and RSI are giving bearish signals, Hence, we see a dip to 108.01, probably 107.57. Above 108.73 to open 109.15
USD/JPY MACD has a bearish bias, resistance at 109.15. Hence, we look for a dip to 106.65, possibly 105.50. Above 109.15 to open upside.
EUR/AUD MACD is constructive and support at 1.6195. Hence, we see a bounce to 1.6495, likely 1.6625. Below 1.6195 to open 1.6058 test..
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