Tag Archives: Crude Oil
Commodity currencies continues to be sold off
EUR/USD: The 1.3488 bounce probably completed the mid bodycorrection in just one session (instead of the more normal 2-3 periods) hence downside pressure is now expected toreturn.
FX Daily
Market movers today * In the data calendar the main event is the IFO business survey in Germany.
FX Daily
Market movers today * In the data calendar the main events are the releases of flash PMIs for the euro area, Germany and France.
Dollar’s hot, euros not. Sell commodity currencies.
EUR/USD: So with the final pop up, spiking above the 55d ma band theeight and a half day long correction finally came to an end.
Weaker CAD, AUD & SEK looks increasingly likely.
EUR/USD: The move higher hasn’t changed in shape, nor has itchanged direction. It looks correctional and as such it is stillthought to end somewhere near 1.3550.
FX Daily
Market movers today * In the data calendar focus will mainly be on a number of US data for October.
FX Daily
Market movers today * Financial markets will again be looking for clues about timing of tapering and possible strengthening when Fed chairman Ben Bernanke speaks late tonight.
NOK going weaker again? Stock markets look vulnerable. CRB lower.
EUR/USD: The correctional ascent has reached the starting point of themost recent more notable drop and this area ought toattract sellers once again
New Financial Forecasts
Norway: We expect Norges Bank to cut rates by two times 25bp next summer. There will however not be any such signals at the upcoming MPC meeting in December.
€/$ at the crossroads. NOK/SEK making way north
EUR/USD: Something’s gotta give way. There’s not much room left to maneuver in without breaking below the floor of the bear flag (preferred scenario) or
FX Daily
Market movers today * Today there might be focus on the political situation in Italy after Silvio Berlusconi’s Freedom Party officially split during the weekend.
Weekly Economic & Financial Commentary
U.S. Review: A Little Less Shine on the Data * The trade gap increased more than expected in September as exports slipped 0.2 percent and imports rose 1.2 percent.