Tag Archives: Gold
FX Daily
In terms of data the main release is euro area inflation for March. We expect it todecline to a new cycle-low of 0.5% y/y mainly due to the timing of Easter.
Weekly Economic & Financial Commentary
U.S. Review Hanging in There · Stronger consumer spending on services led the third estimate of
Weekly CFTC Trader Positioning Data
Relative monetary policy and global growth expectations havebeen the primary drivers of this week’s shifts in sentiment. Theultimate signal from the FOMC has been a more robust outlook—both for the US and globally,
Daily Technical Report
EUR/USD has breached the support at 1.3749,confirming persistent short-term sellingpressures. An hourly support lies at 1.3708, whilea key support stands at 1.3643.
FX Daily
In Europe, preliminary March HICP inflation data from Spain and Germany aredue today. This will give us the first indication on the important euro-area inflationfor March to
Daily Technical Report
EUR/USD has failed to confirm its move abovethe resistance at 1.3845 (20/03/2014 high). Pricesare now declining towards the support at 1.3749.Another support stands at 1.3643.
FX Daily
In Europe the main focus will be on the release of money supply and credit data inthe euro area for February. In general the data have been weak, albeit there was aslight improvement in January.
FX Daily
Today’s data calendar is fairly light in terms of data releases, with the highlight beingUS durable goods orders for February. Durable goods orders declined relativelysharply in
Daily Technical Report
EUR/USD has risen sharply, moving above theresistance a 1.3845. However, the failure to holdabove this level suggests a potential falsebreakout. A resistance now lies at 1.3876.
FX Daily
In the data calendar the main event is the release of IFO-business climate. We expecta decline in business climate to 110.8 from 111.3 but yesterday’s weak manufacturingand services PMIs for
Daily Technical Report
EUR/USD has broken the support implied byits rising channel, invalidating the uptrend inplace since February. The short-term technicalstructure is negative as long as prices remainbelow the resistance at 1.3845 (20/03/2014 high).
FX Daily
The main focus will be the release of the flash PMIs. In the euro area we expect thecomposite PMI to have declined slightly to 53.1 in March from 53.3 in Februarydriven by a drop in the manufacturing PMI,