Tag Archives: Crude Oil
USD/JPY & AUD/USD sellers should be tempted to step back in
EURUSD: Buyers responded at a marginally fresh low yesterday, butalso showed resistance respect.
FX Daily
The Spanish and Italian May service PMIs are due for release. The Spanish figureincreased to 56.5 in April, which is the highest print since the beginning of 2007.
Dollar strength!
EURUSD: A bearish candle as a continuation pattern was added yesterday. It also persistent dynamic resistance with the 8day “Tenkan-Sen” (blue line in the chart).
FX Daily
The most interesting data release today is euro-zone inflation in May, which weexpect will decline back to this cycle-low of 0.5% y/y from 0.7% y/y in April.
AUD turning lower. SEK weakness takes a short pause
EURUSD: On a grander scale May probably became the turning pointfor the common currency given that the monthly candlebecame a very bearish key month reversal one arguing formore losses on a 3-4 months horizon.
FX Daily
Although the market probably has its eyes on Thursday’s ECB meeting and Friday’sUS job report, the first day of the week is loaded with interesting key figure releases.
Weekly Economic & Financial Commentary
U.S. Review Economy Contracts in Q1, Stronger Growth Ahead • Revised Q1 GDP figures showed that the economy contracted 1.0 percent,
FX Daily
A bunch of US key figures are on the calendar for today. We expect a slight setbackin personal income and personal spending growth in line with the market’sexpectation and unchanged PCE core inflation.
FX Daily
The most important release is euro area money supply and credit growth for April.At the ECB-forum in Sintra ECB-president Draghi in his speech Monday appearedconcerned about banks’ capacity to increase loans.
EUR/USD over 1.3675 would target 1.3730 before down
EUR/USD: Over 1.3675 targets 1.3730 before down. There is an ongoing attempt to recover partial losses. A move over the 8day “Tenkan-Sen” (1.3675) would target 1.3730\34 before down again.
FX Daily
In the data calendar the focus will mainly be on US data. Durable goods orders forApril should give us an idea of the strength of the rebound in business capitalexpenditure in Q2.
FX Daily
Financial markets will digest the outcome of the EU-election. We expect the marketimpact to be limited despite strong gains for anti-EU parties.