Tag Archives: S&P
The big losers were EUR & SEK on the other side of the scale you find CAD
EUR/USD: The downmove got legs yesterday. The big print left in thewake of the number fueled selling spree hosts mid-body pointresistance around 1.3660,
FX Daily
Market movers today * The calendar is dominated by PMI releases. The first will be UK manufacturing PMI for October, which we expect to correct slightly from its current elevated level.
Continued $ recovery + weakening SEK = buy $/SEK
EUR/USD: Having passed FOMC and the 1.3733 mid body point thedoor has been opened to lower levels. We will next focus atthe Oct 3 peak, 1.3647,
FX Daily
Market movers today * Euro area inflation in October is expected to have been pushed up by the Italian VAT increase,
$ recovering ahead of FOMC
EUR/USD: The market has now, with the 1.3733 drop, likely adjustedthe positioning ahead of tonight’s FOMC meeting.Yesterday’s price action,
FX Daily
Market movers today * The statement from the October FOMC meeting is due for release tonight at 19:00 CET.
Extended losses for commodity ccy’s.
EUR/USD: With also a third consecutive day failing above the 1.3803equality point (between the July/Aug & Sep/Oct rise) buyersappears to be running out of steam.
FX Daily
Market movers today * Today’s main economic release is US retail sales for September. The data were collected before the distortion from the government shutdown and political mess.
FX Daily
Market movers today * US manufacturing production growth has been subdued over the past six months and leading indicators are sending mixed signals.
Likely a new attempt to put some pressure on the €.
EUR/USD: Also a second attempt above the 1.3803 equality point wasrejected. Friday also ended with a doji candle showing thatwe reached balance between buyers and sellers.
FX Daily
Market movers today * In the euro area monetary development will be in focus as credit contraction continues to be one of the key risks to the recovery.
A more profound yen rise?
EUR/USD: ith the close set above 1.3794 no further evidence of apeak was set. The market however responded to the 1.3803resistance by pausing and meandering around it.