Tag Archives: Crude Oil
Weekly Economic & Financial Commentary
U.S. Review Monetary Policy: Continuity—For Now · In her testimony to the Congress, the new Fed Chair called for continuity and
Continued yen buying. Watch cable resistance
EUR/USD: Yesterday’s attempt to trace out a peak was proven wronggiven the break of 1.3655. The minimum target for thefollowing move, 1.3684+, has been fulfilled however the risedoes so far look incomplete.
FX Daily
Q4 GDP for the euro area as a whole and several euro area countries is due forrelease today. Based on our ‘hard data’ model we look for a rise in euro-area GDP of0.3% q/q.
Sell AUD – buy JPY. NOK/SEK liked higher.
EUR/USD: The corrective bounce from yesterday’s low point isexpected to turn down from the 1.3620/30-area and shouldaccordingly be sold with a stop above 1.3655.
FX Daily
US retail sales likely got off to a soft start in January following a strong finish to2013. As consensus we look for 0.0% m/m in total retail sales and 0.1% m/m in retailsales ex autos and gasoline.
AUD & SEK look like winners
EUR/USD: Sellers responded – again – at the high end of the “cloud”.But to show some commitments we need to see sellersbelow a wider near-term support zone (1.3610\1.3580) and
FX Daily
Euro-area industrial production is likely to show a decline in December followingthe strong gain of 1.8% m/m in November. Most euro countries have publisheddeclines in industrial production for December.
EUR/USD is scanning nearby resistance – make or break? Weaker HUF
EUR/USD: The move higher last week has been extended this morningto the point where it meets thought resistance at the highend of the Fibo adjusted short-term “Ichimoku cloud”.
FX Daily
Fed chairman Janet Yellen testifies before the House Financial ServicesCommittee in her first semi-annual report on monetary policy since taking over fromBen Bernanke.
USD/CAD – false break points up. NOK/SEK – higher.
EUR/USD: The comeback staged Thu/Fri will probably lead the pairhigher during the start of the week with the estimated Dectop line, 1.3655,
FX Daily
Quiet start to the week with no tier-1 data released. Italian industrial production and the euro sentix survey are the only releases and are unlikely to have a market impact.
Weekly Economic & Financial Commentary
U.S. Review Is the Economy in a Freeze? · Businesses added 113,000 jobs in January, which was fewer than expected.