Tag Archives: Crude Oil
Technical Alert
There is bearish development unfolding in EURUSD, but under 1.2985 is needed to increase downside pressure… For today a double 128.63/126.01 EURJPY watch seems about right…
Financial forecasts
– FX short term: US figures are expected to soften in Q2 and the Fed will keep QE on, which we have already seen affecting the USD negatively.
FX Daily
Key news – Chinese GDP and industrial production disappoint. – Equity markets and bond yields lower on soft data.
Technical Alert
Eventful day in the commodity universe with gold collapsing following the 1522/27 key support break, copper, oil and more taking a real beating. Accordingly CAD is weaker.
Bank of Japan easing is a market driver
Market movers ahead – In the US, the housing market will be in focus with the release of the NAHB housing index, building permits and housing starts.
Technical Alert
Yesterday basically developed in the same way as the preceding day expect oil with ended its correction and fell relatively hard. EURUSD continues to struggle in the low end of the target range,
FX Daily
– Fed minutes, released early by mistake, had a hawkish tone. – Obama budget presented, aiming to kick-start deficit-reduction talks.
Technical Alert
Some signs of the recent dollar decline running out of steam. JPY arrving at an important junction (ex USDJPY arriving at its 50% Fibo of the 2007/2011 decline).
FX Daily
– Chinese trade data point to improving domestic demand, while a sovereign downgrade from rating agency Fitch highlights increasing debt worries.
Technical Alert
EURUSD sniffing at the high end (1.3050/3135) of the outlined correction potential, USDJPY congestion whereas EURJPY & AUDJPY steaming on,
Technical Alert
EURUSD is testing a wider short-term resistance zone at 1.3050-1.3135, USD/JPY is rushed into key long-term refs at 99.73-101.45. Some kind of profit-taking ought to emerge in this area.