Tag Archives: Crude Oil
CAD & AUD is getting all the heat while GBP basks in the sun
EUR/USD: It’s not here action is at the moment. The most recentdirectional information was two sets of near-term bearishimpulses intersected by a correctional structure.
AUD & CAD corrections are taking place
EUR/USD: Buyers keep responding in the low 1.35s but there is still a1.3580 cap in place. One side has to give to show the way.Intraday stretches are currently located at
FX Daily
It will be another quiet day in terms of data. The UK releases its unemployment report at 10:30 CET and we look for a further decline in unemployment to 7.2% in November from 7.4% in October.
AUD under pressure, NZD bid again & EUR/JPY rechecks resistance
EUR/USD: A descending line of support has formed. But old support inthe mid-1.35s is seemingly acting as resistance. There arequite a few refs to reclaim to get the short-term key refabove at 1.3700 back in sight.
FX Daily
German ZEW is expected to have risen further in January to 64.0 from 62.0 in December. This would mark the highest level since 2006.
FX Daily
The US markets are closed due to Martin Luther King day. With no significant data on the calendar either it is likely to be a quiet day.
€ weakness. €/JPY at support. NOK correction.
EUR/USD: With the late decline last week a bearish key week reversalwas created (here seen as a downside continuation pattern)hence enhancing our view of a forthcoming 1.33/34-test.
The NOK continues to be under pressure
EUR/USD: A choppy intraday session, squeezed between the 1.3581support and the 1.3625/45 resistance end almostunchanged. The latest more was however an impulsive dropfrom 1.3650 to
FX Daily
US housing starts and building permits should give us a better idea of a possible bad weather impact in December as suggested by the disappointing labour market report for December.
Positive $ signs, sell the NOK and MXN
EUR/USD: The first step of the next attempt to break the 55d ma andJuly support line has now been taken. The bounce from the1.3581 low point should be seen as corrective hence anopportunity to sell.
FX Daily
In the data calendar the main event is US consumer prices for December. We expect inflation to accelerate to 1.5% y/y from 1.2% y/y mainly on the back of higher food prices.