Market Outlook for the Week of August 08-12
Last week the CPI print data for the CHF was below expectations and as a reaction the Swiss franc depreciated. Analysts at Pantheon say inflation will peak in August and…
Europe has filled underground gas storage facilities by more than 70% on average
The region continues to actively prepare for winter. On the gas day of August 5 (ends at 07:00 Moscow time on August 6), almost 72 billion cubic meters of gas…
Media: Western sanctions have rendered a service to Russia and Putin
He told reporters that the restrictions „have done a favor for Russian President Vladimir Putin.” Russia has gained economic independence, and also receives additional revenues to the state budget in…
S&P 500 approached key resistance
Further movement of the index will show whether the rise in the US stock market from the June lows is more than just a bearish rally. S&P 500 index chart in…
GBP/USD DIVES BELOW 1.2100 AFTER STELLAR US NFP, US INFLATION EYED
The GBP/USD prepares to finish the week with hefty losses of 0.78%. US labor data poured cold water on recession fears ahead of next week’s CPI. BoE’s Pill: The bank…
EUR/USD PRICE ANALYSIS: DECLINES TO FAMILIAR LEVELS ABOVE THE 20-DMA
The EUR/USD snaps two straight weeks of gains, drops 0.42%. The common currency is trendless, within the boundaries of 1.0096-1.0278. From a daily chart perspective, the EUR/USD might probe the…
US consumer credit rises by $40.5B vs 25.0B estimate
In US consumer credit rose $40.15B vs 25.0B est revolving credit increased by $14.8B Non revolving credit rose by $24.3B For the year, revolving credit rose by 14.6% while non-revolving…
Germany June industrial output +0.4% vs -0.3% m/m expected
Prior +0.2% The data is out a few minutes early on Reuters and it is an upside surprise to estimate. That said, it pertains to Q2 data which isn’t too…
Gold Technical Analysis: Attempts to Dominate the Bulls
Gold futures extended their gains since the start of trading this week. Gold prices were the closest to testing the psychological top of 1800 dollars an ounce. The price of the yellow…
Eurostoxx futures +0.1% in early European trading
German DAX futures +0.3% UK FTSE futures +0.1% European indices saw a modest advance yesterday, with the gains not as stark as that of Wall Street. There is some balancing…