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EUR/USD

Now that the US administration has extracted some concessions from China on trade and moved negotiations onto a more extended timeline, it could turn its attention to pressuring Europe to reduce its trade surplus with the US.
Any increase in tensions between the US and the EU may be seen as undermining business confidence and delaying ECB QE exit.
That may dampen a quick or full recovery in the EUR is the risk of increasing tension between the US and the EU over Iran sanctions and trade.
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WTI Crude Oil

Oil fell by more than 2% on Monday, pressured by a rise in Russian production, expectations that Saudi Arabia will cut prices of the crude it sends to Asia and a deepening trade spat between China and the United States.
Brent crude fell $1.70, or 2.5%, to settle at $67.64 a barrel. That was the lowest level since 21-Mar'18. U.S. crude lost $1.93, or 3%, to settle at $63.01, its lowest since 20-Mar'18.
Saudi Arabia was expected to cut prices for all crude grades it sells to Asia in May to reflect…
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WTI(Crude Oil)

Last Friday, for first time in 3 weeks, Baker & Hughes oilfields Services Company rig-count fell as U.S drillers cut 7 oil rigs in the week to bring the total rig-count down to 797.
WTI price rallied back to the 65.3 level today going into the European trading session, but further upside looks doubtful, as the latest Reuters survey, citing that Saudi Arabia is expected to cut crude oil prices to Asia, will weigh negatively on the investors' sentiment while weekend’s news about Iraqi cabinet havi…
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A ‘Hawkish’ FOMC?

As widely expected, the FED (and Janet Yellen's last rate decision) left interest rate unchanged at 1.25
Just like in Dec'17, the FED repeated that the labor market has continued to strengthen.. .gains in employment, household spending and business fixed income have been solid...
On outlook for monetary policy, the FED added the word “further” and argues that they expects the economy to evolve in a manner “that will warrant further gradual increases in the federal funds rate”.
Following that sta…
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EUR/USD

Will EUR/USD continue falling? A lot will depend on the ECB meeting minutes released this Thu with some members wanting the ECB to pre-announce the end of bond-buying after the current scheme ends in Sep'18. However, our friend old Draghi wants to keep pressure on as inflation remains low and he is openly doing all he can to drive down and to keep the Euro low. He has not much success in doing that as the Euro seems to be high on something.
Market essentially consolidated throughout last week – …
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EUR/USD

A sharp rise, over a short period of time, in EUR/USD above 1.25 would test the ECB’s ‘pain threshold’. However, this is unlikely in the absence of any disorderly Eurozone bond market moves or an externally driven downturn in the global risk environment. The EUR could gain more ground before it becomes a cause for concern for the ECB.
The next major catalyst for a move higher will be when markets position for higher ECB deposit rates which could see EUR/USD rallying to 1.25 by summer 2018.
For t…
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EURo

The ECB cares more about the change in the euro’s value than the actual level because that’s what affects inflation most. So, while it was ECB President Mario Draghi’s reference to “tapering” bond purchases in June that propelled the euro to its best level of the year, it has been the subsequent cautious approach to tapering that has stopped its advance.
The question now is not so much about the speed at which the ECB will move (it is committed to buying EUR30bn per month until Sep'18), but how…
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EUR/USD

Eurozone employment and industrial production data slated for release in the European session today and they are generally expected to come out fairly well with more or less the same as last.
The US Fed is on track to hike the interest rates by 25 bps later today. Further, upbeat US PPI data boosts hopes of stronger CPI figures due to be reported in the NA session.
Latest US political headlines of a Trump’s candidate who lost the Alabama US Senate race could make it difficult for Trump to pass t…
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USD/CAD

EIA Crude Oil Stocks Change is projected to improve from -5.610M to -3.4M and EIA Gasoline Stock Change from 6.780M to 1741M However, temporary disruption of oil & gas supply due to very recent shutdown of British North Sea key oil pipeline for replacement of hairline crack section of Forties pipeline which carries crude North Sea oil across land for processing at Grangemouth (estimated to take 3 weeks), and explosion in Austria at one of Europe's biggest gas pipeline and largest reception point…
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EUR/USD

EUR/USD pair trimmed some of its early gains and has now retreated around 20-25 pips from the vicinity of the 1.1800 levels.
A sharper-than-expected retracement in German ZEW economic sentiment index, coming in at 17.4 for Dec'19 as compared to previous month's 18.7, was further seen weighing on EUR/USD today.
Focus is on the highly-anticipated FOMC decision, which along with the ECB announcement on Thu'17, would help investors determine the pair's next leg of directional move.
My personal view …
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