Tag Archives: Crude Oil
FX Daily
We have a light calendar in terms of data releases and markets could be in wait-andseemode ahead of the ECB meeting tomorrow and the US job report on Friday.
USD/JPY testing resistance (103.77/91). AUD/USD should move lower
EUR/USD: The market hunted both high and low yesterday, butwithout getting traction either direction. A small near-termbullish tilt persists while holding above 1.3763.
FX Daily
In the euro area manufacturing PMIs are due for release and the first estimate of theSpanish and Italian figure will attract most attention.
EUR/JPY bullish response. NOK/SEK s/t stretched.
EUR/USD: Friday’s break down into the 55d ma band was soon rejectedand we ended the day more or less unchanged with spikeson both sides showing kind of a balance reached.
FX Daily
In terms of data the main release is euro area inflation for March. We expect it todecline to a new cycle-low of 0.5% y/y mainly due to the timing of Easter.
Weekly Economic & Financial Commentary
U.S. Review Hanging in There · Stronger consumer spending on services led the third estimate of
More € weakness. AUD peaking? NOK/SEK pause
EUR/USD: Yesterday’s close below 1.3749 has further enhanced thebearish outlook and more losses are accordingly penciled infor the week to come.
FX Daily
In Europe, preliminary March HICP inflation data from Spain and Germany aredue today. This will give us the first indication on the important euro-area inflationfor March to
A weaker € + a stronger NZD = a €/NZD sell
EUR/USD: After the mid body test (of the Mar 19 falling benchmarkcandle) and rejection the market has been mainly on thedefensive. Yesterday’s close,
FX Daily
In Europe the main focus will be on the release of money supply and credit data inthe euro area for February. In general the data have been weak, albeit there was aslight improvement in January.
CAD should soon weaken again, while the AUD could extend gains
EUR/USD: It’s still a near-term intraday wasteland between 1.3760/50and 51.3880. The ascending 55day exponentially weightedmoving average band still supports but
FX Daily
Today’s data calendar is fairly light in terms of data releases, with the highlight beingUS durable goods orders for February. Durable goods orders declined relativelysharply in