Tag Archives: Crude Oil
JPY buying taking a pause (but there’s more to come)
EUR/USD: Monday’s rally continued also yesterday with the marketrising back above the 2008 trend line threatening the 1.3821resistance.
FX Daily
Another quiet day on the global agenda. FOMC minutes tonight might beinteresting given the upward adjustment to the Fed rate projections at the Marchmeeting.
USD/JPY testing important support near 102.70
EUR/USD: The par was refused more than a blip below the Fiboadjusted short-term “Ichimoku cloud” Fri and there wassome bullish follow-through yesterday too. This pointtowards 11.3775 before down.
FX Daily
There are no big market movers today. The UK releases industrial production forFebruary, which is expected to show a moderate rise of 0.3% m/m.
FX Daily
A quiet start to a quiet week. German industrial production for February is the mainrelease today and is expected to rise 0.1% m/m following a strong increase of 0.8%m/m in January.
Signals for a stronger yen. AUD/USD close to target
EUR/USD: The break of 1.3698 brought us down to a new cycle low butthere wasn’t enough supply to push prices down to the1.3643 key support.
Weekly Economic & Financial Commentary
U.S. Review A Broadening Recovery Offsets Near-Term Weakness · Nonfarm payrolls increased across most industries in March,
Dollar continues to be in demand. SEK weaker.
EUR/USD: The break, however not yet sustained, of 1.3704 has furtherenhanced our bearish view calling for more selling to soontake place. Short term there will be some further consolidation in
FX Daily
The US employment report for March will be published later today. Uncertainty isquite high given recent distortions from the bad weather. However, we look for adecent report of 195,000 and
FX Daily
Today’s main event will be the ECB meeting. The probability of immediate easingfrom the ECB has declined as indicated by statements from vice presidentConstancio that “the low figure of inflation in
Dollar and NOK/SEK liked higher
EUR/USD: The past three days has developed into a relatively bearishpattern with each day printing a marginally new high beforefalling back and closing below the 2008 top line.
USD/JPY is higher than previously thought, but resistance is still there
EUR/USD: The near-term move up from the recent 1.3704 looks farfrom impulsive, but could still test the 21day equilibriummeasure at 1.3835 before down.