Tag Archives: Crude Oil
FX Daily
Focus continues to be on developments in the Ukraine/Russia conflict where theoutcome is still unclear.
Waiting for €/$ sellers. Weaker scandies
EUR/USD: As we failed to break below 1.3846 an upside reaction wereinitiated forcing the pair to give up 78.6% of the precedingdecline.
FX Daily
Focus will be on the reactions to yesterday’s referendum in which the people ofCrimea voted overwhelmingly in favour of joining Russia.
Weekly Economic & Financial Commentary
U.S. Review Is That Spring in the Air? · Retail sales rebounded after two straight months of declines,
Sell €/$. Buy USD/NOK. Stronger yen in the pipe.
EUR/USD: Yesterday’s up-thrust peak (false break above a well definedtop resistance) outside the Bollinger bands has created anequally high probability bearish setup late Dec.
FX Daily
Focus will remain on Ukraine where Crimea’s referendum to join Russia will takeplace on Sunday. The referendum is expected to be in favour of joining Russia,
Weak USD. EUR/GBP upside progress. Kiwi testing next resistance
EUR/USD: Correction completed and a fresh high added and bulls aresmiling – and may do so for a while yet since ~1.40 lieswithin reach before stretching it again.
FX Daily
In the data calendar the main event today is the release of February retail sales in theUS. We expect headline retail sales to rebound 0.3% m/m on the back of a very weakJanuary where bad weather weighed on consumer spending.
Weaker GBP, AUD, CAD, PLN & CNH, stronger NZD and possibly SEK
EUR/USD: In this near-term timeframe the decline looks correctionalcompared to the impulsive lift, testing 1.3915 last week.Acceleration through supports at 1.3834/26 is needed to think otherwise.
FX Daily
There are a number of speeches from ECB board members today in connectionwith the ECB’s Watchers conference.
Weaker GBP, PLN & TRL (& soon also CAD), stronger NZD & Bunds
EUR/USD: Judging by price action it could be a top forming, arguing fora 1.3825/1.3797 test before long. This would be more likelyon a break under 1.3852.
FX Daily
We have a light data calendar again today with only second tier releases such asmanufacturing production in the UK, revised Q4 GDP in Italy and small businessconfidence in the US of secondary importance.