Tag Archives: Crude Oil
Weaker pound and an annoying USD/SEK “UpThrust” noted
EUR/USD: The market closed the session off the session’s best but stillhigh enough to show some kind of near-term demand – inspite of an earlier in the session break below 1.3766 whichindicated a completed correction higher.
FX Daily
In the data calendar the main event is the release of IFO-business climate. We expecta decline in business climate to 110.8 from 111.3 but yesterday’s weak manufacturingand services PMIs for
EUR & CAD seen weakening, NOKSEK a buy
EUR/USD: The slow rise from the 1.3749 low, the 161.8% Fiboprojection point, has so far followed a corrective path highercreating a bear flag. It is possible that the Friday high at
FX Daily
The main focus will be the release of the flash PMIs. In the euro area we expect thecomposite PMI to have declined slightly to 53.1 in March from 53.3 in Februarydriven by a drop in the manufacturing PMI,
Looking to sell EUR/JPY, NOK/SEK turning up
EUR/USD: After a minor consolidation, a bear flag, the market brokedown to a fresh low, 1.3749. With the market how havingfallen 161.8% of the first, Mar 13-14,
FX Daily
On a very quiet day on the data front, markets will continue to digest the news overthe week with a surprisingly hawkish Fed and
Comeback for the greenback. More NOK losses seen.
EUR/USD: Once the 1.3879 support gave way the market acceleratedits decline and continued down to the 2011 top line beforehalted.
FX Daily
The US Philadelphia Fed survey is expected to rebound in March following the sharpdrop in February. The number will give further input to how much activity is comingback and
EUR/SEK is testing support. CAD & CNH are vulnerable.
EUR/USD: Outside 1.3879\1.3948 and after that also beyond1.3834\1.3967 is needed to lead the way out of here. Buthere and now there are no directional leads (but the dailypost-Draghi daily candle pointing lower,
FX Daily
The key event today will be the Fed announcement and new projections at 19:00followed by Janet Yellen’s debut as host of the press conference at 19:30.
EUR/JPY should guide the EUR/USD lower. GBP looks weak too.
EUR/USD: The move up from a recent 1.3846 low seems correctionalcompared to the Draghi induced paced move lower from1.3967 late last week.