Tag Archives: S&P
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.
€ weakness. €/JPY at support. NOK correction.
EUR/USD: With the late decline last week a bearish key week reversalwas created (here seen as a downside continuation pattern)hence enhancing our view of a forthcoming 1.33/34-test.
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
Weekly Forex Report
Deflationary forces in the Eurozone to subside? Although a near consensus view, we are of the belief that the US Dollar will continue to gain favour in 2014.
The NOK continues to be under pressure
EUR/USD: A choppy intraday session, squeezed between the 1.3581support and the 1.3625/45 resistance end almostunchanged. The latest more was however an impulsive dropfrom 1.3650 to
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.
Positive $ signs, sell the NOK and MXN
EUR/USD: The first step of the next attempt to break the 55d ma andJuly support line has now been taken. The bounce from the1.3581 low point should be seen as corrective hence anopportunity to sell.
FX Daily
In the data calendar the main event is US consumer prices for December. We expect inflation to accelerate to 1.5% y/y from 1.2% y/y mainly on the back of higher food prices.
FX Daily
In Germany the first GDP estimate for 2013 as a whole will be released and indirectly this should also give us the first estimate for GDP growth in Q4.
Bearish EUR/SEK “Head & shoulders” top formation in place
EUR/USD: The near-term correction higher may be over withyesterday’s toppish looking candle. Extension below 1.3620today would turn focus back on the low end in “the Cloud”and the recent 1.3548 low again.
Daily FX Wrap and Strategy
The NZD/USD has extended its gains overnight to sit at 0.8390 this morning. A still fairly benign environment for risk appetite, post last week’s US payrolls data, is helping support the NZD.
Major influence of monetary policy expectations
Generally, the FX market is subject to more long-term trends or regimes, where a specific factorhas an impact on virtually all currencies in a particular way.