Tag Archives: Gold
FX Daily
The main event is the ECB meeting, where we expect a refi rate cut to 0.1%. During January we have seen low inflation and declining inflation expectations combined with higher short-term money market rates
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).
FX Daily
Italian and Spanish service PMIs are expected to show further improvement and based on the flash euro-area PMIs, our forecasts are above consensus.
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).
FX Daily
In terms of data releases we have a fairly thin calendar today. In the euro area we expect Italian HICP to increase slightly but to remain below 1%.
Daily Technical Report
EUR/USD has broken the support at 1.3508(see also the steeper rising trendline), openingthe way for a further decline towards the 200 daymoving average (around 1.3380).
FX Daily
Focus continues to be on emerging markets. Large parts of Asia are closed today due to the Chinese New Year public holiday.
Weekly Economic & Financial Commentary
U.S. Review Shall We Do the Real GDP Shuffle? · Real GDP posted its second consecutive quarterly above-trend gain in the fourth quarter, rising at a 3.2 annual percent pace.
Weekly CFTC Trader Positioning Data
• Risk aversion on the back of EM jitters drove a significant shift in currency positions this week. Investors shifts included short covering in JPY with increased long allocation to gold, EUR and GBP;
Daily Technical Report
EUR/USD declined sharply yesterday and isnow close to its support at 1.3508 (see also thesteeper rising trendline). An initial resistance liesat 1.3559 (intraday high).
FX Daily
Markets will continue to keep a watchful eye on emerging markets but it has been relatively calm overnight with large parts of Asia off today for celebration of the Chinese New Year.
Daily Technical Report
EUR/USD continues to post lower highs sinceits high at 1.3739. An hourly support area nowstands between 1.3603 (29/01/2014 low) and1.3583 (22/01/2014 high).