Tag Archives: Crude Oil
FX Daily
Market movers today • Euro area Sentix investor confidence will give a first impression of market sentiment in June.
More JPY strength, higher €/scandies
EUR/USD: The minor “up-thrust” didn’t play out as expected, on the contrary an impulsive rise took place pushing the pair through most of the resistances.
FX Daily
Market movers today • The main market mover today will be the labour market report in the US. We have scaled down our forecast for non-farm payrolls from
FX Daily
Market movers today • The likelihood of a cut in either the refi rate or the deposit rate in connection with today’s ECB meeting is, in our view,
Downside pressure in USD/JPY
EUR/USD: The market is still in a short-term climb with only shallow reactions mustered on attempts above 1.31.
AUD/USD could correctively test >0.98
EUR/USD: Near-term price action is more bullish than bearish but short-term tools are mostly neutral after the best fit bearish wave count was overruled Fri (>1.3033).
FX Daily
Market movers today • We will continue to scrutinise Fed speeches for signs of an imminent scale down of Fed’s asset purchases.
FX Daily
Market movers today • May PMIs are the key data releases today. • Consensus expectation is for an unchanged US ISM manufacturing at 50.7 but we see potential for a slight improvement.
Scandies and CAD seen weaker
EUR/USD: The move above the 55d ma was soon rejected as the market made a u-turn exploring the downside. A late bounce however left us with a downside spike and
€/$ surprising rebound. EM’s big losers ag. both $ & €
EUR/USD: The break above 1.2991/3013 was not what we had in mind calling for a turn lower yesterday.
FX Daily
Market movers today • We expect only a modest uptick in euro area inflation to 1.4% in May and unchanged 1% core inflation.
FX Daily
Market movers today • In the euro area, the EU Commission is due to release its confidence indicators, which we expect to show some improvement in May from low levels.