Tag Archives: S&P
FX Daily
Market movers today • In the US Chicago PMI is expected to fall back a bit to 55 following a surprisingly sharp rise last month to 58.7.
Higher dollar/scandies
EUR/USD: The market yesterday conducted the first attempt to enter the broader 1.28/1.30 support zone. The rejection from beneath 1.30 looks clearly corrective to us
FX Daily
Market movers today • Focus will be on whether the stabilisation in risk sentiment holds. We believe a lot of positions have been squared out by now,
Returning € weakness….. Oil set to break lower
EUR/USD: The congestion/correction became an anaemic one stalling already in the mid 1.31’s.
FX Daily
Market movers today After failing to reach an agreement last Friday EU-finance ministers will meet again today in Brussels
A day of correction
EUR/USD: After a small rebound the market printed a fresh daily low but did so already in the 1.3060 area a tad higher than the anticipated 1.30-area.
FX Daily
Market movers today • Most important release today is US durable goods orders. We expect a relatively weak report.
Continued $ strength, EUR/NOK pause (buy the dip)
EUR/USD: With the break back below the 1.3202/3243 support area we can with a relatively high degree of certainty point at a completed three wave upside
FX Daily
Market movers today • German IFO expectations are projected to decline in line with the decrease seen in the German manufacturing PMI in June.
Risk off! Stocks & oil lower, scandies too. USD stronger
EUR/USD: A 1.33 re-check should be sold into. A prior bullish benchmark candle mid-body point and a short-term 38.2% Fibo retracement ref have shown support.
The comeback of the greenback!
EUR/USD: With a key day reversal printed yesterday the likelihood of (for some time sought) of a downside turnaround gained a lot of credibility.