Tag Archives: Crude Oil

USD/JPY key support broken. A lurking SEK reaction?

EURUSD: Basically all intraday initiatives fails (spikes on both sides)and yesterday were no exception trying lower but

In the euro area German and Spanish HICP will give the first set of information aboutinflation in June.

EURUSD: The attempt to rise above the 1.3644 resistance was sooncaptured and the market thereafter returning back into itsprior range.

Today US PCE core inflation is due for release and we expect the PCE core toincrease to 1.5% y/y in May from 1.4% y/y in April.

EURUSD: For the fourth consecutive day the market ended basicallyunchanged but with intraday spikes on both sides.

The main data release today is US durable goods orders where focus will be oncore orders. The series is quite volatile and

EURUSD: Bear triangle still at play. As previously outlined more meandering is expected duringthe beginning of the week.

The German IFO business survey will give more information about whether thenegative impact from the global slowdown in Q1 is about to fade.

EURUSD: Thursday’s peak at 1.3644 (basically 78.6% of the precedingdecline) has raised confidence for

The main focus today is euro PMIs. We expect the manufacturing PMI to declinefurther due to the lagged effect of the global slowdown in Q1.

U.S. Review Inflationary Pressures Mounting, But Fed Holds Tight

A pretty light day today in terms of data, with the only release of interest beingpreliminary euro area consumer confidence (16:00 CET),