Tag Archives: Crude Oil
Weekly Economic & Financial Commentary
U.S. Review More Evidence of a Tightening Labor Market • While small business confidence dipped in June,
Portugal ignites EZ worries
EZ worries escalated yesterday (the €stoxx bank index having been the canary in the mine) with accelerating losses in the equity markets.
FX Daily
With a very light calendar focus will be on the fate of Banco Espirito Santo(BES) in Portugal.
AUD finally turning lower? NOK/SEK turning higher?
The greenback and US bond yields fell after Fed minutes. CRB index and oil continued its decline and
FX Daily
US initial unemployment claims are expected to indicate a continued improvement inthe labour market.
EUR/NOK above 8.43 = bullish. €Z stocks fell hard
The EZ turned sourer yesterday with not only the €stoxx bank index breaking lower but also €stoxx50 came crashing down through its 55d ma band.
FX Daily
The main event is the release of the FOMC minutes from the 17-18 Junemeeting, when policy makers trimmed the bond purchase programme by USD10bnfor the fifth consecutive gathering.
AUD reaction completed? €stoxx banks on thin ice
Calm markets overnight but some interesting developments nevertheless taking place. The EZ bank index (a sub index of €stoxx600) yesterday took
FX Daily
A fairly light calendar again. In Europe the most interesting releases are Maymanufacturing production in the UK and foreign trade data for May in Germany.
More € selling in the pipeline
The common currency ended last week on a negative footing, with especially EURJPY looking very vulnerable to continued selling.
FX Daily
A fairly light global calendar. In the euro area we expect German industrialproduction to have decreased slightly.
SEK pressure to persist. EUR eroding support
4th of July celeb’s in the US. Well eventful was perhaps an understatment…