Energy Prices Soar, German Power up 16%. Benchmark Year-Ahead Price Jumped 21%. Eurozone Retail Sales Ticked up in July but Downward Trend Remains. Year-to-Date Lows in Sight. DAX 40: Struggles as Nord Stream Shutdown Deepens Energy Woes The DAX struggled in early trade declining around 100-odd points before paring losses as we approach the afternoon …
DAX 40 Struggles as Nord Stream Shutdown Deepens Energy Woes Read More »
EUR/USD ANALYSIS Nord Stream pipeline expected back online on Saturday – 20% volume. PPI shows rising EZ inflation problem opening up 75bps for ECB. Bearish extension signals on daily EUR/USD. EURO FUNDAMENTAL BACKDROP The euro found some support this Friday after it was announced the Nord Stream 1 pipeline which was shut down for “maintenance” …
Nord Stream Gas Flows Set to Resume, Beleaguered ECB Turns Hawkish Read More »
POUND STERLING TALKING POINTS European energy crisis grabs headlines leaving GBP exposed. U.S. economic data in focus today. GBP/USD FUNDAMENTAL BACKDROP Pound sterling trades marginally higher against the U.S. dollar this morning but recent news around the stoppage of gas flows via a major pipeline to Europe has stemmed fears around an impending energy crisis. …
BRENT CRUDE OIL (LCOc1) TALKING POINTS Bidens leaves Middle East without increased supply result. Russia’s political situation could see Nord Stream pipeline remain closed come Thursday. BRENT CRUDE OIL FUNDAMENTAL BACKDROP Brent crude oil extended last weeks Friday’s positive close in early trading on Monday morning after U.S. President Joe Biden’s visit to Saudi Arabia …
Brent Propped Up by Uneventful Biden Trip and Uncertainty Around Nord Stream Read More »
EUR/USD TALKING POINTS Different scenarios for next week’s ECB rate decision. Parity still at risk as fundamental headwinds grow. EURO FUNDAMENTAL BACKDROP The euro has been testing parity several times this week but has yet to convincingly break below at this point. This sets up next week’s key risk event quite nicely with the ECB …
EUR/USD Awaits ECB Rate Decision, Italian Politics and Nord Stream 1 Read More »
EUR/USD News and Analysis Germany’s biggest single gas pipeline shuts off for routine maintenance Key EUR/USD technical levels ahead of the next push towards parity Major risk events: US CPI, Retail Sales and Germany CPI Germany’s Biggest Single Gas Pipeline Shut off for Maintenance The much-awaited day has arrived – Nord Stream 1 is shut …
Nord Stream Goes Offline, EURUSD Attempts Parity Read More »
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