Newsgroup: it.economia.borsa
Titolo: Commenti preapertura...Focus turns to IFO, BoE, and Fed Minutes, more next....

EUR off its 3-week highs of 1.5685 - with focus turning to German IFO now 
due at 0800GMT, FORECAST sees IFO fall to 102.0 from 102.4, in line with 
markets - but will not be surprised to hear rumours of sub 100 IFO - ahead 
of the data. But before IFO - will be interesting to hear any 
"clarification" comments from ZEW Pres Wolfgang Franz saying his ECB rate 
hike comments which triggered EUR buying from 1.5560-65 post ZEW fall 
to -41.4, are "misunderstood" - remember BdF/ ECB Christian Noyer - who went 
through great lengths on April 23 - after his rate hike comments triggered 
EUR buying - to say his comments have been misunderstood. If so not 
surprised to see downside pressure on EUR again, with EUR now at 1.5660-62, 
offers ahead of 1.5700 handle, stoploss blw 1.56/ 1.5550.WL
EUR dipping off its 3-week highs of 1.5685, with talks of Asian, options 
offers ahead of 1.5700 handle. Some focus on record high oil, which hit 
$129.60, and OPEC comments. OPEC Sec Gen Abdullah al-Badri says he is 
"worried" because supply and demand are not the factors behind the high oil 
prices. Non market factors such as the weakening USD is putting pressure on 
oil but OPEC will only act when market fundamentals show a need to do so. 
Crude inventories show there is a lot of oil in the market. - Reuters. On 
FX, focus on USD, and high oil.
      Euro Briefing
      mercoledì 21 maggio 2008 6.27.00
      3 [IFR Forex Watch] (C) 08 ^^^2335
      [Euro Briefing]]
      [04:27 GMT May 21] The EUR/USD opened in Asia around 1.5650 after 
topping out at
      1.5680 as the EUR gave back ground against the JPY and CHF in 
particular during
      the US session. The EUR/USD dipped to 1.5645 before the USD came under 
broad
      pressure led by the USD/JPY break below 103.40. The EUR/USD traded up 
to 1.5686
      to trigger a few stops above 1.5680 before good EUR/JPY selling helped 
to cap.
      The EUR/USD then settled back around 1.5655/70 for the balance of the 
session
      with only light volumes changing hands.
      Sentiment towards the EUR/USD has turned decidedly bullish after the 
break
      higher yesterday. ECB expectations have taken a decidedly hawkish tone 
in the
      last two weeks from the market looking for the ECB to ease later this 
year to
      now looking at the possibility for another tightening. The German IFO 
later
      today will be the key event in Europe and will be followed by the 
release of the
      FOMC minutes, which is one of the key events this week for all of the 
markets.
      If the German IFO doesn"t disappoint and the Fed Minutes indicate that 
they are
      not close to considering a rate hike, the EUR/USD could break above 
1.57. (JN)
      U.S. House passes anti-OPEC bill
      mercoledì 21 maggio 2008 7.37.00
      WASHINGTON (Thomson Financial) - The House of Representatives Tuesday 
passed a bill authorizing the federal government to sue OPEC in U.S. courts 
over alleged price fixing, in the latest swipe at the cartel over 
skyrocketing oil prices.
      The bill passed the Democratic-led House by 324 to 84 votes, on a day 
when the price of oil soared to a record above 129 dollars a barrel.
      'The House today with a strong bipartisan and veto-proof margin voted 
to hold foreign oil cartels and Big Oil accountable,' Democratic House 
speaker Nancy Pelosi said.
      President George W. Bush has however threatened to veto the 
legislation, although its margin of passage in the House suggested Democrats 
may get a two-thirds majority needed to sustain the largely symbolic 
measure.
-----> In conclusione credo che i mercati scenderanno solo con un IFO 
(sentiment) inferiore a 101.9
Buondì....

 of the data. But before IFO - will be interesting to hear any
cut, supercut
ma che deve capire un povero geometra ignorante?
Tu che mastichi, facci un riassunto, dacci un'idea.
Altrimenti devo ricorrere ai traduttori del web che mi fanno aggrovigliare 
il cervello per capire le loro traduzione.
TKS