Tag Archives: Crude Oil
EUR/USD offers likely at 1.38 and USD/JPY sellers should act at 102.40
EUR/USD: EUR/USD trades with resistance at 1.3800 in mind. USD/JPY should test 102.36-102.41 but encounter offers there
FX Daily
We expect another small decline in German ZEW expectations in May after it hastrended downwards during the first few months of 2014.
FX Daily
Today we have a very light calendar in terms of data releases but there are someinteresting central bank speeches. ECB’s Constancio,
€/$ bearish follow through. NOK/SEK still higher
EUR/USD: After a minor bounce the pair continued its descent. Thedownside exit from the rising wedge has set 1.3295 as aviable first hand target for the decline.
Weekly Economic & Financial Commentary
U.S. Review From Bad to Worse: A Contraction in Q1 GDP Growth? · The trade balance data this week, for March, showed that the trade deficit was $40.4 billion,
Strong rejection from the $ key support. NOK stronger
EUR/USD: The minimum target, a move above 1.3967, was yesterdayachieved however falling short of our ideal target, the wedgeceiling at 1.4020.
FX Daily
We have a very light data calendar with only secondary data releases scheduled. InEurope both the UK and Italy will release industrial production for March.
The dollar is approaching key support levels.
EUR/USD: The slow slide back to the mid body point, 1.3905, ofWednesday’s bullish candle is probably enough correctionso for today focus will be on a resumption of the climb.
FX Daily
We expect today’s ECB meeting to be another wait-and-see one without any neweasing measures. MarioDraghi is expected to continue to sound very dovish as inflation in April again wasbelow ECB’s expectations,
Intraday Outlooks For EUR/USD, USD/JPY, GBP/USD, USD/CAD
EUR/USD: Prior resistance just over 1.39 is converted into presumed support with a mid-body point now contributing to this thought.
FX Daily
We expect German factory orders to send another signal of solid GDP growth in Q1,as we forecast an increase of 0.4% m/m in March after it rose 0.6% m/m in February.
USD/JPY trades with focus on 101.85. SEK looks offered still
EUR/USD: It was a non-performing session yesterday, but few seemedinterested to bearishly distance resistance at 1.3890\1.390and until sellers start to convince again,