Prior 14.9

A slight rise in euro area investor morale as the economic situation globally shows more signs of stabilisation in the battle against the omicron variant. The expectations reading also rose from 13.5 in January to 14.0 in February, marking the highest reading since July last year.

Major currencies are mostly little changed with commodity currencies holding a marginal advance while others are not really doing much. The euro though is a touch weaker despite regional yields climbing. Earlier today, ECB policymakers Kazaks and Knot said that a rate hike by the middle of the year

I’ve fired off a few mistaken headlines at ForexLive so I can sympathize but this was a doozy. I don’t think it hit the newswire and so the damage was minimal but it’s a reminder that even a great trade can get ruined by something as simple as a headline mistake. Go easy on the leverage.

The weekly oil open will be the spot to watch after the Biden administration took a step towards thawing relations with Iran.

A group of nations are in what looks like the final stretch of negotiations towards reviving the Iran nuclear deal. The US restored a waiver that that had been

The euro finished last week strong as European bond rates blew out. How that trade goes next week will be a major catalyst for the euro next week.
MUFG suggests buying EUR/CHF at spot and targeting a rise to 1.08 with a stop at 1.03.
„We are recommending a long EUR/CHF trade idea. The trad

US stocks end the day with mixed results. For the week, the major indices moved higher
Next week US CPI will be the release highlight
Major earnings releases for the week of February 7 to February 11
WTI crude oil settles at $92.31
What’s on the US economic calendar in the week

The major US indices are ending the day with mixed results. The Dow industrial average is lower while the S&P and NASDAQ moved higher. The small-cap Russell 2000 was also higher on the day.The final numbers for the day are showing:Dow industrial average felt -21.42 points or -0.06% at 35089.75S&P in

The price of WTI crude oil settled at $92.31. That is up $2.04 or 2.26%. The high reached $93.17 and the low was at $90.07.
The high reached the highest level since September/October 2014.
The price last week closed at $87.24. The close this week reached $92.31 for a gain of $5.07 on the week. That

Headlines:Money markets now price in a 50 bps rate move from the ECB by the end of the yearOil continues to impress as the run higher gathers more legsGoldman Sachs expects ECB to start hiking rates in SeptemberECB survey sees inflation falling back below target next yearEurozone December retail sal

From a technical perspective, it is hard to go against the rise/break in oil prices at the moment.

WTI crude is trading to its highest since 2014 and there isn’t any clear resistance all the way through to $100 perhaps next. However, there is still plenty of food for thought despite the technical