China raises reserve requirements hinting at possible action to slow down its economy and Eurozone GDP growth rate figure disappoints. To the mix of news coming in on Tuesday, Wednesday and Thursday, this last bit of push caps the week for Euro. We now have a new powerful factor pushing oil, gold and other commodities…Read more
After the action in Euro this week a number of outlook revisions for the European currency were released. The two most noteworthy were the Goldman and ANZ note on Euro and their end of year outlook. The common theme amongst both is the 1.30-1.35 level force and a hint of sub 1.30 level for Euro…Read more
I think the snow storm has sort of dampened the impact of rising dollar and the EIA demand uptick played into this week. But if Euro continues to weakens and temperatures pick up later in February we should see a downward trend in oil. Reactions?