Tag Archives: Crude Oil
Weekly Economic & Financial Commentary
• Modest domestic U.S. growth remains the outlook as both the ISM manufacturing and non-manufacturing surveys signaled continued growth but not an acceleration.
Euro weak and dollar strong into NFP
EUR/USD: Price action strongly argues for extension towards the May low of 1.2796.All short-term “Ichimoku tools” are in bearish positions now and
$ corrections, NOK/SEK lower
EUR/USD: The first attempt to pass the low end of the 55/233d ma bands area failed (as it often does).
Stronger dollar
EUR/USD: Look for downside extension homing in on the short-term key 1.2796 ref. Dynamic resistance keeps controlling events and
Weaker NOK & look for a correctional high in EUR/USD
EUR/USD: It’s likely a bearish “Flag” so look for a sell high in the nearterm range. The (blue) 8day “Conversion line” has bearishly crossed the (red) 21day “Base line”,
Weaker €, NOK/SEK & OIL seen lower
EUR/USD: With a high of 1.3103 the market peaked in the outlined 1.3065 – 1.3151 sell area and is accordingly making way south.
CABLE lower, USDJPY higher, US 10y yield sliding
EUR/USD: Most factors speak in favour of the market shaving off a few shorts ahead of the weekend (volumes to the upside are considerably lower
FX Daily
Market movers today • In the US Chicago PMI is expected to fall back a bit to 55 following a surprisingly sharp rise last month to 58.7.
Higher dollar/scandies
EUR/USD: The market yesterday conducted the first attempt to enter the broader 1.28/1.30 support zone. The rejection from beneath 1.30 looks clearly corrective to us
FX Daily
Market movers today • Focus will be on whether the stabilisation in risk sentiment holds. We believe a lot of positions have been squared out by now,
Returning € weakness….. Oil set to break lower
EUR/USD: The congestion/correction became an anaemic one stalling already in the mid 1.31’s.
FX Daily
Market movers today After failing to reach an agreement last Friday EU-finance ministers will meet again today in Brussels