Tag Archives: Crude Oil
Higher US 10year yield & Stronger stock markets. USD/TRY skyrocketing.
EUR/USD: The ascending 55day exponentially weighted movingaverage band, starting at 1.3640 represents short-termdynamic support. Buyers seem to keep the upper hand inthe holiday season thinned market.
S&P500 extending gains towards 1,835. USD/TRY tests >2.10
EUR/USD: A net move lower was recorded last week and this points lower,but the market became balanced ahead of the weekend andthe 1.3622-1.37 stalemate has to end for a fresh directional cue.
FX Daily
Today’s main release is US personal spending and core PCE inflation. Following robust retail sales in November, personal spending is expected to rise 0.5% m/m. As the PCE deflator is likely to rise only 0.1% m/m,
Weekly Economic & Financial Commentary
U.S. Review A Little Less Punch in an Awfully Big Bowl * Citing progress in the labor market and more balanced risks to the outlook, the FOMC has decided to begin scaling back the pace of its asset purchases in January.
FX Daily
Very little of wider interest in the calendar today. With markets increasingly gearing down for the holiday season liquidity could become increasingly thin in coming days.
The dollar retains the upper hand & 10y US yield is about to break 3.01% Friday
EUR/USD: The post FOMC drop is still in progress. Supports at 1.3635& 1.3622 are examined. Bearishly below would call forextension towards 1.3525 next (with 1.3580 currently beingan intraday stretch to keep in mind).
FX Daily
On a day with mainly tier 2 data, markets are likely to further digest yesterday’s FOMC announcement . US initial jobless claims are due for release at 14:30 CET but
Generally a post FOMC stronger dollar, but US stocks also thrive
EUR/USD: The low and bearish looking session close post the Feddecision to taper USD 10bn/mth is pointing towardsextension into attraction/support starting at 1.3622.
And now it’s up to the Fed to decide…
EUR/USD: Outside 1.3709-1.3811(33) is still needed to get an idea ofwhere the market wants to go from here, and it’s fair toguess that this is pretty much up to the Fed to decide whichdirection markets should take from here.
FX Daily
Today is the day we expect the Fed to start tapering asset purchases. We believe the Fed will taper by USD10bn but at the same time strengthen the forward guidance by revising lower the profile for the Fed Funds rate to
Riksbank rate decision is the main distraction today
EUR/USD: The recent 1.3811 & 1.3833 peaks remain untouched so far.The “below mid-range” session close left more for bulls towish for. But sellers would on the other hand need a sub-1.3709 move to