Tag Archives: Crude Oil
FOMC meeting is the highlight for the week. UK and European dataflow is limited today…
This week starts on a quiet note, with little in the way of data due over today’s European and US sessions (see table).
FX Daily
Market movers today • Interesting week, with FOMC meeting Wednesday and Flash PMI in China and the euro area on Thursday.
A peaking €? NOKSEK liked lower. Bond bullish signs
EUR/USD: The top building process continued also Friday with a lower high printed. However as we still 1) remain on top of the flag ceiling and
JPY reaction losing steam, AUD => correction target
EUR/USD: Even though we turned just a whisker away from 1.3392 and furthermore broke 1.3315 the market was unable to maintain the decline through the 1.3265 key support.
Strategist
Economic Outlook At face value, today’s RBNZ Monetary Policy Statement was dovish in nature. Despite the housing market going gangbusters, construction surging,
More JPY strength, wobbly equities & firm bonds
EUR/USD: All boxes for a downside turn have now been checked except the most important one, falling prices.
FX Daily
Market movers today • We expect a decent US retail sales report for May. Growth in headline retail sales is expected to come out at 0.2% and
USD/JPY should extend losses. EUR/NOK trades higher.
EUR/USD: The short-term bullish drive is still on. The high session close yesterday shows prevailing demand and the 1.3340\60 reference area works both as attraction and
FX Daily
Market movers today • Euro area industrial production in April is expected to surprise on the upside and provide another signal that things are getting better.
High AUD/USD reaction risk. EUR/NOK & EUR/SEK higher
EUR/USD: There is both attraction and resistance in the 1.3300-1.3350 area and it seems by price action of late that it will be tested.
FX Daily
Market movers today • ECB’s Executive Board member Jörg Asmussen and Bundesbank President Jens Weidmann testify at Germany’s Federal Constitutional Court in Karlsruhe on ECB’s OMT programme today and
AUD & NZD gapping lower. SEK & NOK seen sliding
EUR/USD: Encouraging signs of possible peak, but as long as holding above the mid body point of Thursday’s candle, 1.3170,