Tag Archives: Crude Oil

EUR & CAD are week, USD feeds on those and many other currencies

EURUSD: Now targeting 1.3324/295. The euro is back on its losing streak as the chance of correction

German factory orders are expected to rebound in June after a decline of 1.7% m/min May.

EURUSD: Could still recheck the high 1.34s. European (Markit) PMI and the US ISM are the main distractions for the day.

Euro retail sales are expected to have increased 0.5% m/m in June. Consumerconfidence,

EURUSD: Could recheck the high-1.34s. Last week ended with a potentially bullish ‘Doji’ candle for the period.

Following plenty of releases last week, we are heading for a quieter week on theglobal agenda.

U.S. Review Growth Returns to a Solid Footing • The economy expanded at a 4 percent pace in the second quarter of the year,

The US employment report and ISM manufacturing will wrap up a busy week.

We expect euro flash CPI for July to reach a new cycle low at 0.4% y/y (consensus0.5% y/y) down from 0.5% y/y in June.

Main event will be the FOMC statement tonight (no press conference or newprojections at this meeting).

Main event today will be a meeting between EU ambassadors aiming to close a dealon so-called phase 3 sanctions against

Silence before the storm today as there are no big key figures in an otherwise verybusy week. Only release of interest is US pending home sales,