Tag Archives: Crude Oil
Technician
EUR/USD: Momentum clearly pro-growth. Some indicators close to overbought; consolidation above 1.38 likely in one-week horizon.
FX Daily
Today’s data calendar is relatively light. France and Italy will release industrialproduction for January and provide important input on the direction of the overalleuro area industrial production data to be released on Wednesday.
AUD & CAD turning down. NOK/SEK eyeing 1.0640.
EUR/USD: The trend line break continued to attract buyers on Fridaypushing the pair up to 1.3915 before stalling and giving upsome of the latest gains.
Weekly Economic & Financial Commentary
U.S. Review Still on Track • Nonfarm payrolls rose by 175,000 in February as employers looked past the nasty weather of late.
OZ more upside potential, EUR/NOK bullish turn
EUR/USD: The break above 1.3782 certainly got the bulls chargingahead breaking and closing above the 2008 top line as wellas outside the 55d Bollinger bands.
FX Daily
The main release today is US non-farm payrolls. We look for a rise of 145,000 but theestimate is extra uncertain currently due to the weather effect.
FX Daily
The ECB meeting will be the main event today and we expect the ECB to ease policy. On Monday, ECB president Mario Draghi told the European parliament that thecurrent rate of
Sell NOK/SEK. Possible break higher in AUD/USD
EUR/USD: Slowly but so far not really convincingly the market hasbacked off from the 2008 top line (55d Bollinger bandshigh). It will in fact take a break of 1.3643 to raise confidenceof a peak in place.
EUR/SEK & EUR (USD)/NOK test supports. Cable trades lower
EUR/USD: The late Feb rise looks impulsive and the decline thereaftercorrectional (and the Mon “Inside Day” did not deliver andmeaningful downside attempt yesterday).
FX Daily
As tensions in the Russia/Ukraine conflict are easing, economic data will likelyget some more attention again. Service PMIs will be released in most countriestoday.
EUR/USD & EUR/JPY test supports and SEK & NOK seem weak.
EUR/USD: The “Inside day” candle printed yesterday points lower forthe day(s) ahead. If letting go of the 8day equilibriummeasure (which shouldn’t be so hard given the overall weaktrend)
FX Daily
A quiet day in an otherwise busy week. There are no important data on the globalscene. However, developments in Russia/Ukraine will continue to attract attention.