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The uncertainty in the German political arena still remains to be resolved, despite the positive statements from ECB officials recently, but continues to exert pressure on euro assets. In addition, concerns about the financial policies of economically troubled countries such as Italy and Spain are among the factors that create unease on the market side. On the US side, President Donald Trump-axis events, including developments in trade wars especially with China and the EU, have a wide repercuss…
Blog de la Communauté FX
EURusd overview
Yesterday, Italian Economy Minister Giovanni Tria, after a meeting with German Chancellor Angela Merkel, “we are behind our commitment to stay in the euro,” Euro assets recovered from today's European PMI figures after the UP-and-coming attacks continued. Looking at the data released, the euro zone service and composite PMI came above forecasts, and Manufacturing PMI resulted in parallel with expectations. In Germany, the service and composite PMI figures were better than predicted, while manufa…
EURusd overview
Recently, the Dove toned remarks from European Central bank officials put pressure on euro assets, while finally the President of the Federal Reserve and ECB Member Jens Weidmann said they would continue to remain expansionary in monetary policy even after net asset purchases have ended. Weidmann also argued that there are some difficulties in achieving inflation but that they will eventually reach the target level. On the other hand, reports from countries with troubled economies such as Italy …
EURusd overview
On Friday, when we look at the headline inflation figures we followed from the euro zone, it was announced in parallel with expectations by 1.9 percent on annual basis and 0.5 percent on monthly basis. Food and energy items were neglected in the core CPI figures were realized in parallel with the projections. The euro, which had been selling hard on the European Central Bank's decision on Thursday, eased in part as inflation figures announced met forecasts. However, CFTC reports described in the…
GBPusd overview
According to the data released in the UK in May, retail sales data was 1.3 percent on a monthly basis and 3.9 percent on an annual basis, while non-fuel Core retail sales were 1.3 percent on a monthly basis and 4.4 percent on a monthly basis. On brexit, the House of Commons, the lower wing of Parliament, rejected the changes made by the House of Lords in the Brexit bill. The rejected changes included those that would lead the country to remain in the European Economic Zone and Customs Union. The…
Brent oil
For some time, three main titles on pricing have come to the fore. U.S. oil production and price demands, sanctions against Iran and Venezuela, and the possibility of easing the OPEC-LED supply constraint. The eyes for Iran and Venezuela will be at the G7 Leaders ' Summit, which will begin today in Canada. Iran's OPEC administrator said today: no one at OPEC would accept US sanctions against two founding members (Iran and Venezuela), and warned that oil prices could reach 140 dollars if sanction…
EURUSD overview
On Friday, shallow prices were seen in the US and European countries due to Easter holidays. Today, again, the European side of the holiday due to any economic data is not announced in the U.S. Resource Management Institute will be announced by the manufacturing Purchasing Managers Index (PMI) and Markit will come by the production Purchasing Managers Index (PMI) data may be important. In trade wars, the moderate approaches of the two countries were followed last week. Finally, at the end of the…
Brent oil overview
This week, the rise in both the API stock and the EIA stock, while the U.S. today announced yesterday due to Easter holidays, the number of wells drilling Baker Hugo, 6 well fell as 798 took place. We will remember that the number of well described 804 with the record levels reached as TR. News flow ISE International Investment Bank J. P Morgan was one of the most significant co-ordinates that with the rise in rock gas production in the United States, prices could go down to $ 50 by the end of n…
EURUSD overview
The rate of employment and staff change (JOLTS) estimated at 5 million 950,000 in the U.S. yesterday was announced at 5 million 811,000 in December. 5 million 879 thousand realized in November data was revised as 5 million 978 thousand. The country's trade balance, with a deficit of 53 billion 100 million, suffered the worst realization of the last 9 years. On the other hand, St.“Recent employment market data may not be a signal to accelerate inflation,” said James Bullard, President of the Fed.…
EURUSD parity overview
EURUSD keeps its volatility low after the Fed's decision. The Fed is relatively optimistic on the inflation side, keeping us interest rates above 2.70, and the March meeting is signaled for interest-raising. We are in an important week in terms of parity and data flow will be busy today&tomorrow. Technical support for 1.2360 and 1.2300 retracements can be followed even if we monitor a tiredness.