Tag Archives: Crude Oil
FX Daily
In the US we expect growth in retail sales to have remained relatively subdued in Mayas less boost from weather-related pent-up demand probably continued to weigh a bit.
Stronger yen, lower cable and a NOK/SEK setback
EURUSD: After yesterday’s decline (and close below 1.3586) it is clearthat last Thursday’s spring bottom was unable to attractbuyers enough to sustain the move to 1.3734/50.
FX Daily
Today’s data calendar is very light. The main focus will probably be the April labourmarket report in the UK.
EUR/JPY could guide EURUSD lower. NOK/SEK trades higher
EURUSD: Sideways with a downside tilt. Buying above 1.3678 never materialized yesterday. The market instead went into a low session close after constant grind lower through the day.
FX Daily
Outside Scandinavia we have a relatively light calendar today. In the euro area bothFrance and Italy will release industrial production (IP) for April,
€uro rebound seen continuing
EURUSD: Thursday’s spring bottom and key day reversal shouldcontinue to underpin upside attempts and
FX Daily
Today’s data calendar is rather thin. The only releases due in Europe are the SentixInvestor Confidence survey and Spanish house price index.
Weekly Economic & Financial Commentary
U.S. Review No Spring Swoon Going into June • Payrolls added 217,000 workers in May, recouping all of the jobs lost during the recession, while the unemployment rate remained at 6.3 percent.
EUR/USD targets 1.3734\50 before down & EUR/SEK moves to 9.1375
EUR/USD is targeting 1.3734\50 before down… USD/JPY is testing support at 102.20/11… A bullish GBP/USD candle just added shows demand…
FX Daily
The US job report will be the main focus today. We expect an increase in non-farmpayrolls of 250,000 but see risk of a pay-back from the extra strong April figure.
USD/JPY correction target met, NOK/SEK @ support
EURUSD: Given that we don’t now the outcome of today’s ECBmeeting we have to act on what Mr. Market is telling us.
FX Daily
Today’s ECB meeting will be the main attraction. We expect the ECB to deliver anaggressive easing move by cutting the refi and deposit rates, taking the latter intonegative territory.