Tag Archives: Gold
FX Daily
Today US PCE core inflation is due for release and we expect the PCE core toincrease to 1.5% y/y in May from 1.4% y/y in April.
Daily Technical Report
EUR/USD is grinding higher within thehorizontal range between 1.3503 and 1.3677. Anhourly support lies at 1.3565 (20/06/2014 low, seealso the 61.8% retracement).
FX Daily
The main data release today is US durable goods orders where focus will be oncore orders. The series is quite volatile and
Daily Technical Report
EUR/USD is moving within the horizontal rangebetween 1.3503 and 1.3677. An hourly supportlies at 1.3565 (20/06/2014 low, see also the 61.8%retracement).
FX Daily
The German IFO business survey will give more information about whether thenegative impact from the global slowdown in Q1 is about to fade.
FX Daily
The main focus today is euro PMIs. We expect the manufacturing PMI to declinefurther due to the lagged effect of the global slowdown in Q1.
Weekly Economic & Financial Commentary
U.S. Review Inflationary Pressures Mounting, But Fed Holds Tight
Weekly CFTC Trader Positioning Data
• Central banks and geopolitics appear to have driven this week’s shifts in sentiment, specifically investors’ reactions to the BoE Mansion House speech, developments in Iraq, and positioning ahead of Wednesday’s Fed.
Daily Technical Report
EUR/USD has broken the hourly resistance at1.3602 (10/06/2014 high). A short-term risetowards the resistance at 1.3677 (see also the38.2% retracement) is favoured as long as thehourly support at 1.3584 (19/06/2014 low) holds.
FX Daily
A pretty light day today in terms of data, with the only release of interest beingpreliminary euro area consumer confidence (16:00 CET),
Daily Technical Report
EUR/USD has broken the hourly resistance at1.3602 (10/06/2014 high). A short-term risetowards the resistance at 1.3677 is expected (seealso the 38.2% retracement).
FX Daily
Today markets will probably continue to digest details from yesterday’s FOMCmeeting as the schedule mainly contains tier 2 data, although rate decisions in Norwayand Switzerland will also be in focus.