Tag Archives: Crude Oil
FX Daily
In the euro area we expect retail sales to increase 0.6% m/m in November helped by German retail sales. This is also suggested by survey indicators, which point to higher euro GDP growth in Q4 compared to Q3.
Weaker CAD & CHF noted. Looking for a EUR/JPY sell.
EUR/USD: Judging by price action the market remains in aconsolidation/correction in relation to the most recent sharpdrop. This means that another leg lower should materialize.
FX Daily
In the euro area flash inflation will be released. We have revised our forecast for euro inflation up to 0.7% as the German HICP was not as low as we had expected.
Sell EUR & GBP into a fading near-term rally
EUR/USD: Support at the lower end of the “Cloud” was noted andrespected yesterday. The net bullish candle as a resultpoints “up-before-down”.
FX Daily
Euro PMI services are due for publication. The first release of the Spanish and Italian figures is expected to confirm the stronger growth in the periphery countries.
FX Daily
Market movers today * Euro area money supply data covering November are due for publication.
JPY short covering. EUR weakness getting legs
EUR/USD: The bearish setup did deliver the anticipated outcome as themarket broke through the 1.3728/44 support zone attractingfresh selling. The next objective is to test and likely breakthe 1.3625 support,
FX Daily
Market movers today * In Europe we expect further improvement in manufacturing PMIs in Italy and
Still looking for a $ rise. Sell the AUD bounce.
EUR/USD: The setup for a move lower is still in place with the falseupside break and bearish divergences in MACD andmomentum indicators (also 9 out of the past 15 Jan’sbecame losers).
Returning $ demand? AUD testing key levels, again.
EUR/USD: Even though we take into account a less liquid market thannormal, Friday’s price action, with the up-thrust peak abovethe prior peaks and 61.8% Fibo resistance,
FX Daily
It appears we have a very quiet day ahead of us, with no major data releases in the calendar today. Risk sentiment is slightly positive in financial markets as data have been better than expected and