Tag Archives: Gold
FX Daily
The main release will be euro PMI in January. Manufacturing PMI is likely to move broadly sideways after having been on an upward trend since April 2013.
Daily Technical Report
EUR/USD’s bounce near the support at 1.3524has thus far been weak. Hourly resistances standat 1.3583 (16/01/2014 low) and 1.3650(16/01/2014 high, see also the decliningtrendline).
AUD & CAD corrections are taking place
EUR/USD: Buyers keep responding in the low 1.35s but there is still a1.3580 cap in place. One side has to give to show the way.Intraday stretches are currently located at
FX Daily
It will be another quiet day in terms of data. The UK releases its unemployment report at 10:30 CET and we look for a further decline in unemployment to 7.2% in November from 7.4% in October.
Daily Technical Report
EUR/USD remains in a corrective phase after itsfailed attempt to break the resistance at 1.3832(25/10/2013 high), as can be seen by the recentlower lows. Monitor the bounce attempt nearthe support at 1.3524.
FX Daily
German ZEW is expected to have risen further in January to 64.0 from 62.0 in December. This would mark the highest level since 2006.
Daily Technical Report
EUR/USD remains in a corrective phase after itsfailed attempt to break the resistance at 1.3832(25/10/2013 high), as can be seen by the recentlower lows.
FX Daily
The US markets are closed due to Martin Luther King day. With no significant data on the calendar either it is likely to be a quiet day.
Weekly CFTC Trader Positioning Data
• Shifting investor sentiment away from the European currencies is the key theme this week, as the CHF position has shifted to net short—typically a bearish signal—alongside a continued modera-tion in
Daily Technical Report
EUR/USD has thus far failed to significantlyretrace its decline from the peak at 1.3893. As aresult, a test of the recent low at 1.3549(09/01/2014 low) is favoured.
FX Daily
US housing starts and building permits should give us a better idea of a possible bad weather impact in December as suggested by the disappointing labour market report for December.