The Kingdom Fund

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Higher-than-expected European inflation numbers and more rumours on fast and huge fiscal spending in Europe weighed on European bonds with curves bear steepening. February inflation rose by 0.5% M/M (vs 0.4% consensus) with the annual number moderating from 2.5% to…

EUR/JPY’s breach of 158.19 resistance suggests short term bottoming at 154.77, ahead of 154.40 key support. Intraday bias is back on the upside for 55 D EMA (now at 159.77). Sustained break there will argue that corrective pattern from 154.40…

EUR/AUD’s break of 1.6800 resistance indicates resumption of whole rise from 1.5963. Intraday bias stays on the upside for 61.8% projection of 1.5963 to 1.6800 from 1.6355 at 1.6872. Firm break there could prompt upside acceleration to 100% projection at…

Break of 150.92 support turned resistance suggests short term bottoming at 148.55, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for stronger rebound to near term falling channel resistance (now at 152.61). On the…

No change in USD/CHF’s outlook and intraday bias stays neutral. On the upside, firm break of 0.9053 will suggest that corrective pattern from 0.9200 has already completed at 0.8911. Further rally should then be seen to retest 0.9200 resistance. In…

EUR/USD faces volatility, ending the week at 1.03738 amidst US-Ukraine tensions. Speculative range from 1.02950 to 1.05200 as political noise dominates.

WTI Crude Oil sees early March volatility with levels between $68.950 and $71.100. Key influences include US policy and global politics.

Following a number of weeks headlined by acquisitions, this week’s FX and CFDs industry news was dominated by executive moves.

The Pound to Dollar exchange rate (GBP/USD) strengthened to 2-month highs at 1.2715 this week before a retreat to 1.2670. JP Morgan expects that fear will return with trade threats triggering a slide in EUR/USD to below parity by the…