Tag Archives: Crude Oil
USD/JPY is likely to extend gains further
EUR/USD: Another moderate euro-loser was added yesterday. The micro-term move off yesterday’s low looks correctional and
FX Daily
Market movers today • Bank of Japan Governor Kuroda speaks after the central bank meeting. It will be interesting to hear whether Kuroda opens the door for more future stimulus.
More JPY strength. NOK/SEK liked lower.
EUR/USD: Yesterday’s downside attempt never made it to the confirmation point, 1.3233, before renewed buying pushed the pair up to a marginally (2pts) new correction high.
SEK & NOK soon set to weaken, again. Monitor €/JPY
EUR/USD: Nothing from yesterday’s price action helping to determine the next move from here. With mixed signals
FX Daily
Market movers today • We expect German industrial production to decline 0.2% m/m in June as manufacturing PMI decreased in June and factory orders were down 0.5% m/m in May.
SEK & NOK soon set to weaken, again. Monitor €/JPY
EUR/USD: Nothing from yesterday’s price action helping to determine the next move from here. With mixed signals (Thursday = a bearish engulfing candle and
FX Daily
Market movers today • German factory orders are expected to increase after two months of decline.
Technician
EUR/USD Momentum is still clearly pro-growth and indicators are not overbought, so main technical scenario is same as week ago:
Next key ref for EUR/SEK at 8.8105 is fully in sight
EUR/USD: Not sure what to make the reaction higher Friday and of the last week’s print. It could be a bullish “Flag”,
FX Daily
Market movers today • Final euro area service PMIs will most likely confirm that the euro area is moving from recession to slow growth.
The dollar is coming out stronger again
EUR/USD: Yesterday’s candle is the most bearish daily print in almost a month. The short-term RSIs are showing loss of upside momentum and downside pressure increase.
FX Daily
Market movers today • ECB will announce the weekly repayment of the 3Y LTRO, which is likely to attract attention as excess liquidity continues to fall towards the EUR200bn mark.