Tag Archives: Gold
FX Daily
Euro-area industrial production is likely to show a decline in December followingthe strong gain of 1.8% m/m in November. Most euro countries have publisheddeclines in industrial production for December.
Daily Technical Report
EUR/USD continues to improve by moving outof its declining channel. An horizontal resistancecan be found at 1.3685 (50% retracement). A keyresistance stands at 1.3739.
Questions Raised over China’s Gold Consumption Data
A 500-tonne gap in China’s gold consumption data is fueling talk that the central bank took advantage of weak prices last year to bulk up its holdings of the precious metal.
EUR/USD is scanning nearby resistance – make or break? Weaker HUF
EUR/USD: The move higher last week has been extended this morningto the point where it meets thought resistance at the highend of the Fibo adjusted short-term “Ichimoku cloud”.
FX Daily
Fed chairman Janet Yellen testifies before the House Financial ServicesCommittee in her first semi-annual report on monetary policy since taking over fromBen Bernanke.
Daily Technical Report
EUR/USD continues to improve and is nowclose to the resistance implied by the decliningchannel (around 1.3655). A key horizontalresistance stands at 1.3739.
FX Daily
Quiet start to the week with no tier-1 data released. Italian industrial production and the euro sentix survey are the only releases and are unlikely to have a market impact.
Weekly CFTC Trader Positioning Data
• Shifting risk appetite, ISM-related concerns over the pace of US growth, and central bank-driven positioning were the key themes driving sentiment this week.
Weekly Economic & Financial Commentary
U.S. Review Is the Economy in a Freeze? · Businesses added 113,000 jobs in January, which was fewer than expected.
Daily Technical Report
EUR/USD has broken the resistance at 1.3573(31/01/2013 high, see also the steep decliningtrendline), opening the way for further shorttermstrength.
FX Daily
The US labour market report for January will be the main market mover. We expect the labour market to have picked up some momentum although the bad weather,
Daily Technical Report
EUR/USD has broken the support at 1.3508.Despite the current lack of follow-through, wefavour a bearish bias as long as prices remainbelow the resistance at 1.3573 (31/01/2013 high,see also the steep declining trendline).