This week’s calendar may seem tame compared to last week’s but there are still some significant releases that can have an impact on price action, especially since we will have to wait until mid-week for the first major event risk. The U.K. inflation report should garner significant interest with rates near the central bank’s threshold. Consumption figures in the world’s largest economy and EZ GDP are also potential market movers that could have broader implications.
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The Czech koruna eases in line with other CE currencies as sentiment in emerging markets turned negative. Moreover, an outcome the central bank meeting appeared neutral to slightly dovish, so the koruna could hardly find support from the CNB (for more see…
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EURUSD Massive sell-out has overwhelmed the market, so right now short positions should be considered at 1,3705/1,3690 with destination target placed at 1,3620. These positions should be secured by a narrow stop loss order around 25 pips as ……
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The contagion of European fiscal concerns spreading from Europe to Portugal and Spain that shocked US markets predictably hit Asian bourses even harder, with several major indices making fresh multi-month lows. Just ahead of Tokyo close, Nikkei225 is down…
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EUR/USD Today#8217;s support: - 1.3618 and 1.3568(main), where correction is possible. Break would give 1.3547, where correction also may be. Then follows 1.3524. Break of the latter would result in 1.3486. If a strong impulse, we would see ……
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How to price Sovereign debt? That is the big question today. SP 500 futures trade with low volume yesterday and it still has the weakness in the background from the high volume sell off over the last weeks. Really has to make a daily close above 1103 to …
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