Tag Archives: Gold
FX Daily
German IFO expectations are due for release and we expect a decline for a thirdconsecutive month although the level is set to remain high.
Daily Technical Report
EUR/USD bounced yesterday near the supportat 1.3780. However, bullish rally is weak. Anhourly support is at 1.3780 (22/04/2014 low, seealso the low of the declining channel).
FX Daily
Today focus will be on global PMIs. We forecast euro manufacturing PMI todecline slightly after it peaked at 54.0 in January.
Daily Technical Report
EUR/USD has thus far unable to catch a properbid the mid-term uptrend defines. Therefore, inthe short term is moving within a falling channel. An hourly support is at 1.3780 (09/04/2014 low,see also the low of the declining channel).
FX Daily
Focus will be on the situation in Ukraine again after the international agreement toavert wider conflict in Ukraine faltered on Monday. Today US Vice President JoeBiden meets with Ukrainian Acting President and Prime Minister.
Weekly Economic & Financial Commentary
U.S. Review Signals of Stronger Economic Growth Return · Retail sales for March climbed 1.1 percent following an upwardly revised 0.7 percent reading for February, signaling that consumer spending was not as soft as first expected to start the year.
Daily Technical Report
EUR/USD has broken hourly resistance at1.3833 and is ready to challenge the resistanceat 1.3851 (16/04/2014 high). The short-termtechnical configuration remains positive as longas the support at 1.3830 (old resistance holds).
Daily Technical Report
EUR/USD has not challenged hourly resistanceat 1.3833 (15/04/2014 high), suggesting a periodof sideways trending. A test of the resistance at1.3162 (28/02/2013 is still likely.
FX Daily
Focus continues to be on the developments in Ukraine after authorities in Kievannounced the start of an ‘anti-terrorist operation’ against pro-Russian separatists.
Daily Technical Report
EUR/USD bearish momentum has stalledaround support at 1.3820 (old resistance). Failureto find support here, followed by a clear breakunder 1.3820 (02/02/2014) region, will warn of alarger downside corrective phase to1.3673.
FX Daily
Focus will continue to be on the geopolitical developments in Ukraine. In addition,the Q1 reporting season speeds up with among others Intel, Yahoo,