Tag Archives: Crude Oil
FX Daily
Market movers today * We expect ECB to refrain from cutting rates in connection with today’s meeting but instead signal a rate cut in December.
Still a € & $ waiting game. €/SEK & €/NOK upside risk
EUR/USD: Also yesterday the market continued to consolidate,digesting the impulsive decline last week. With a minimumcorrection target, 1.3535,
Markets in waiting game ahead of ECB & NFP
EUR/USD: A second attempt below 1.3450 has been responded to.Perhaps there isn’t much directional fuel to burn ahead ofECB tomorrow and NFP on Fri,
Softer commodities and commodity currencies (AUD, CAD & NOK)
EUR/USD: We got the small bounce we were looking for all right, nowthe stage is set for sellers to reenter ahead of 1.3535. If theydo and they close the market low,
The euro is kept on the back foot
EUR/USD: After two days of losses, buyers have responded at supportnear an earlier ref cluster (1.3472/53), at the high end of theFibo adjusted short-term “Ichimoku cloud” and
FX Daily
Market movers today * The final euro area PMI is expected to be unchanged from the Flash estimate (following the release of PMIs in Italy and Spain).
The big losers were EUR & SEK on the other side of the scale you find CAD
EUR/USD: The downmove got legs yesterday. The big print left in thewake of the number fueled selling spree hosts mid-body pointresistance around 1.3660,
FX Daily
Market movers today * The calendar is dominated by PMI releases. The first will be UK manufacturing PMI for October, which we expect to correct slightly from its current elevated level.
Continued $ recovery + weakening SEK = buy $/SEK
EUR/USD: Having passed FOMC and the 1.3733 mid body point thedoor has been opened to lower levels. We will next focus atthe Oct 3 peak, 1.3647,
FX Daily
Market movers today * Euro area inflation in October is expected to have been pushed up by the Italian VAT increase,