The Kingdom Fund

The Kingdom Fund

Sunset Market Commentary

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 Mid-Day Outlook

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 Mid-Day Outlook

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…