Tag Archives: Gold
Daily Technical Report
EUR/USD is moving higher towards the keyresistance at 1.3832. Hourly supports are at1.3740 and 1.3694 (09/12/2013 low). A keysupport stands at 1.3621 (see also the risingtrendline).
FX Daily
ECB-president Mario Draghi will speak before the European Parliament in connection with a discussion of ECB’s annual rapport. There could be downside risk to euro area industrial production for October as industrial production disappointed in both Germany and France.
Daily Technical Report
EUR/USD is moving higher towards the keyresistance at 1.3832. Hourly supports are at1.3694 (09/12/2013 low) and 1.3621 (06/12/2013low).
FX Daily
Market movers today * In Italy, Prime Minister Enrico Letta will present his new government’s programme ahead of a confidence vote in the Lower House and Senate.
Daily Technical Report
EUR/USD has broken the resistance at 1.3622,confirming a persistent strong buying interest.The short-term technical structure remainspositive as long as the key support at 1.3621(06/12/2013 low) holds.
FX Daily
In connection with the ECOFIN meeting EU finance ministers are expected to continue yesterday’s euro-group negotiations about a resolution mechanism for failed banks.
Daily Technical Report
EUR/USD has broken the resistance at 1.3622,confirming a persistent strong buying interest.The short-term technical structure remainspositive as long as the key support at 1.3621(06/12/2013 low) holds.
FX Daily
Banking union is expected to top the agenda at today’s euro group finance minister meeting, where an agreement on a single resolution mechanism for failing banks remains the main stumbling block.
Weekly Economic & Financial Commentary
U.S. Review Is Tapering on the Fed’s Gift List? * November employment numbers were stronger than expected and the unemployment rate slid to a level once consistent with the end of quantitative easing.
Daily Technical Report
EUR/USD has broken the resistance areabetween 1.3622 and 1.3651 (21/10/2013 low),confirming a persistent strong buying interest.
FX Daily
Market movers today * Main focus will be the US labour market report, which will be crucial for timing of Fed tapering.
Daily Technical Report
EUR/USD’s rise is still viewed as a short-termrebound. However, the resistance at 1.3622 hasbeen breached, indicating a persistent shorttermbuying interest.