Tag Archives: Gold
Weekly Economic & Financial Commentary
U.S. Review Is That Spring in the Air? · Retail sales rebounded after two straight months of declines,
Weekly CFTC Trader Positioning Data
Sentiment shifts this week largely reflect the impact of investors’reactions to recent central bank & policy-related developmentsgiven that currencies had remained relatively quiet headinginto Tuesday’s position date.
Daily Technical Report
EUR/USD completely reversed yesterday’sstrength, warning of a potential false breakout ofthe strong resistance at 1.3893.
FX Daily
Focus will remain on Ukraine where Crimea’s referendum to join Russia will takeplace on Sunday. The referendum is expected to be in favour of joining Russia,
Daily Technical Report
EUR/USD has moved above the strongresistance at 1.3893. The technical configurationis positive as long as the support at 1.3834(11/03/2014 low) holds. An initial support lies at1.3896 (intraday low).
Weak USD. EUR/GBP upside progress. Kiwi testing next resistance
EUR/USD: Correction completed and a fresh high added and bulls aresmiling – and may do so for a while yet since ~1.40 lieswithin reach before stretching it again.
FX Daily
In the data calendar the main event today is the release of February retail sales in theUS. We expect headline retail sales to rebound 0.3% m/m on the back of a very weakJanuary where bad weather weighed on consumer spending.
Daily Technical Report
EUR/USD has weakened after failing to holdabove the strong resistance at 1.3893. Hourlysupports can be found at 1.3825 (28/02/2014high) and 1.3787 (36.8% retracement).
FX Daily
There are a number of speeches from ECB board members today in connectionwith the ECB’s Watchers conference.
Daily Technical Report
EUR/USD has thus far failed to hold above thestrong resistance at 1.3893. Hourly supports canbe found at 1.3825 (28/02/2014 high) and 1.3708(05/03/2014 low, see also the rising channel).
FX Daily
We have a light data calendar again today with only second tier releases such asmanufacturing production in the UK, revised Q4 GDP in Italy and small businessconfidence in the US of secondary importance.
Daily Technical Report
EUR/USD is challenging the strong resistancearea between 1.3832 (25/10/2013 high) and1.3893. An initial support lies at 1.3825(28/02/2014 high), while an hourly support canbe found at 1.3708 (05/03/2014 low).