Tag Archives: Crude Oil
FX Daily
We get a quiet start to a very busy week. Only release of interest today is the USpending home sales for March, which normally leads existing home sales by one totwo months.
Weekly Economic & Financial Commentary
U.S. Review No Signs Yet of Spring in the Housing Market · Data on home sales released this week show that the housing market continues to
Weaker SEK in the offing and so is a stronger yen
EUR/USD: The pair is just getting whipsawed around inside range.Keep watching 1.3785 & 1.3865 for directional leads.
FX Daily
Today’s calendar is fairly light in terms of data releases. In the US University ofMichigan consumer confidence for April is due for release. We expect it to havedeclined to 78.5 from 80.0 in March,
Stronger yen and lower AUD/NZD
EUR/USD: The market remains rangebound. Support near a weeklymid-body point (1.3790) seems solid and upside attemptsare repeatedly responded to. Outside 1.3785\1.3865 isneeded to show a tilt.
FX Daily
German IFO expectations are due for release and we expect a decline for a thirdconsecutive month although the level is set to remain high.
The aussie is an underdog reborn. GBP could give back some gains
EUR/USD: From here, there is a faint near-term upside tilt, but a moveoutside 1.3825/1.3785 would give a better directional hint.Also outside 1.3865/1.3749 would lend a stronger sense ofdirection.
FX Daily
Today focus will be on global PMIs. We forecast euro manufacturing PMI todecline slightly after it peaked at 54.0 in January.
USD/JPY offers likely at 102.75-103.10
EUR/USD: The short-term picture remains mixed. A weekly mid-bodypoint at 1.3790 is tested. If it holds and the pair is againlifted over 1.3865, recent peaks at 1.3906 & 1.3967 wouldbecome exposed again.
FX Daily
Focus will be on the situation in Ukraine again after the international agreement toavert wider conflict in Ukraine faltered on Monday. Today US Vice President JoeBiden meets with Ukrainian Acting President and Prime Minister.
Weekly Economic & Financial Commentary
U.S. Review Signals of Stronger Economic Growth Return · Retail sales for March climbed 1.1 percent following an upwardly revised 0.7 percent reading for February, signaling that consumer spending was not as soft as first expected to start the year.
AUD/NZD returning sellers. NOK/SEK profit taking?
EUR/USD: The past days the market has more or less been moving upand down in three’s (hourly chart) leaving us without adirectional hint. It is also likely that the upcoming Easterholiday